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Big Data Security Global Market Report 2022

Big Data Security Global Market Report 2022

  • June 2022
  • 175 pages
  • ID: 6285796
  • Format: PDF
  • The Business Research Company

Summary

Table of Contents

Major players in the big data security market are Check Point Software Technologies Ltd., IBM Corporation, Microsoft Corporation, Oracle Corporation, Google LLC, Amazon Web Services Inc, Hewlett Packard Enterprise, Centrify Corporation, Talend, Fireeye, Rapid7, Thales E-Security Inc, McAfee corp, Zettaset Inc., Imperva Inc., LogRhythm Inc., Fortinet Inc., Sisense, Cisco Systems Inc., Varonis, and Informatica.

The global big data security market is expected to grow from $24.41 billion in 2021 to $28.36 billion in 2022 at a compound annual growth rate (CAGR) of 16.2%. The big data security market is expected to grow to $47.35 billion in 2026 at a CAGR of 13.7%.

The big data security market consists of sales of big data security solutions and services by entities (organizations, sole traders, and partnerships) that refer to the tool which protects the data and the analytics processes from attacks, theft, or other malicious activities. Big data security boosts the security of non-relational data scores and helps to implement endpoint security.

The main types of components in big data security are solutions and services.The big data security services are designed for protecting critical business data from undesired access or mishandling, and secure a large volume of files from deletion, viruses, and theft.

The different deployment modes include on-premises and cloud and involve various organizations such as small, medium enterprises, and large enterprises. It is employed in several sectors including banking, financial services, and insurance (BFSI), manufacturing, IT and telecommunication, aerospace and defense, healthcare, and others.

North America was the largest region in the big data security market in 2021.Asia pacific is expected to be the fastest-growing region in the forecast period.

The regions covered in the big data security market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

The rising cyberattacks are expected to propel the growth of the big data security market going forward.A cyberattack is a malicious and deliberate effort by an individual or organization to breach the data of another individual or business.

Big data security helps in controlling cyber crimes by securing the data, as a result, the rise in cyberattacks will increase the demand for the big data security market. For instance, according to the Federal Bureau of Investigation, a US-based Law enforcement agency, in 2020, there were 79.17 lakh cyber-attack complaints of suspected online crime, a rise of more than 3 lakh cyber-attacks from the previous year. Therefore, the rising number of cyber-attacks drives the growth of the big data security market.

Technological advancements have emerged as a key trend gaining popularity in the big data security market.Major companies operating in the big data security sector are focused on developing new technological solutions to meet consumer demand and strengthen their position.

For instance, In July 2020, Google, a US-based technology company launched two new security services to its cloud platform called confidential virtual machines (VMs) and assured workloads.The confidential virtual machine makes use of the cloud’s confidential computing technology to provide memory encryption, allowing workloads to be segregated in the cloud.

These aid in the provision of advanced security technologies to clients in order to promote compliance and data confidentiality.

In August 2019, HPE, a US-based technology company acquired MapR Technologies for an undisclosed amount.With this acquisition, MapR technology offered a complete product portfolio that provides artificial intelligence and analytics applications to HPE.

The companies have also combined their customers and partners in planning to support already existing deployments along with the ongoing renewals. MapR Technology is a US-based company that has expertise in the domain of artificial intelligence (AI) and machine learning (ML) and also in big data security.

The countries covered in the big data security market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

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