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Big Data Security Market by Software, Technology, Service, Deployment, Organization Size And Industry Vertical -Global Forecast to 2022

Big Data Security Market: Forecast until 2022

  • September 2017
  • 168 pages
  • ID: 5119610
In this report:
APAC is expected to hold more than ##% of the market share in 2017 and expected to reach a market size of USD ##.## billion by 2022, growing at the highest CAGR of ##.##%.
The BFSI industry vertical is expected to generate nearly ##% of the revenue in 2017 and projected to reach a market size of USD ##.## million by 2022, growing at a CAGR of ##.##% during the forecast period.

Summary

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"Increasing cyber-attacks demanding scalable high security solutions and evolving regulatory landscape are anticipated to propel the big data security market increase"

The overall big data security market size is forecasted to grow from ~$12.2B in 2017 to ~$26.9B by 2022, at a CAGR of 17.10 percent. Growing cyber-attacks demanding scalable high security solutions fuel the rise of this market.

Increasing demand for third-party managed security services and increasing adoption among Small and Medium-sized Enterprises are anticipated to evolve the big data security and thus will create possibilities for the increase of this market. Nevertheless, lack of data security awareness, and low data security budget and higher installation cost are the factors that might hinder the global rise of the big data security market.

"Encryption, tokenization, and info masking as software segment is forecasted to hold the biggest industry size during the estimate period"

Advanced encryption-based cybersecurity software solutions are integrated with other security solutions to offer enhanced data security at a lower cost, on both cloud and on-premises. Tokenization software can be used for payment security, user authentication, and compliance management.

Info masking is particularly common for software testing and user training. It ensures that the confidential company data and customer information is unavailable beyond the permitted environment. All these factors are fueling the global increase of this segment in the big data security market.

"Asia-Pac is expected to grow at the maximal rate during the outlook period"

The big data security market in Asia Pacific area has started to gain momentum and is anticipated to witness the more important increase rate in the next years. The rise can be accredited to the continuous growth in the focus of firms on improving their customer service to drive competitive differentiation and revenue increase.

Also, enhanced business productivity, supplemented by big data security software and services, has led APAC to become a highly potential market. Additionally, quick developing economies in APAC including China, India (IN), Singapore (SG), Malaysia (MY), and Australia (AU) are migrating to cloud-based big data security software and services.

In the process of finding out and checking the market value for various segments and sub-segments collected by secondary research, extensive primary audit sessions were managed with main people. The break-up of the profiles of the primary participants is presented below:

• By Organization: Tier 1: 22.0 percent, Tier 2: 30.0 percent, and Tier 3: 48.0 percent

• By Description: C-suite: 30.0 percent, D-level: 45.0 percent, and Others: 25.0 percent

• By Area: North America continent: 48.0 percent, EU: 30.0 percent, and Asia-Pacific: 22.0 percent

Segment Research

The document breaks down the big data security market established on services, which is split into managed services and professional services. Under professional services, the industry report is further divided into support and maintenance, consulting services, and education and training.

Established on deployment models, the sector is divided into on-premises and cloud. By organization size, it is split into SMEs and big enterprises, whereas by component, the sector is divided into encryption, tokenization and data masking; access control; security intelligence; big data governance; and others (audit and reporting, and big data classification and discovery). Futhermore, under industry verticals, the sector includes retail and eCommerce; manufacturing; government and defense; healthcare and life sciences; energy and utilities; telecommunications and IT; media and entertainment; and Banking, Financial Services, and Insurance. The areas are divided into north america, Europe (EU), Asia-Pac, Middle East (ME) and African continent, and Latin America area.

Why acquiring this study can help you

The analysis will facilitate the market top players/new sector entrants in this sector in these ways:

1. This document breaks down the big data security market comprehensively and offers the best approximations of the revenue data for the global market and sub-segments across distinct industry verticals and localities.

2. The market research benefits partners to comprehend the pulse of the sector and offers them with info on the main market drivers, market restraints, opportunities, and alternatives.

3. This industry report will facilitate partners to better find out the players and obtain additional insights to improve their rank in the business sector. The competitive outlook section includes recent product launches/advancements; alliances and collaborations; mergers and acquisitions; and business developments.

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