Global Big Data Security Market - Size
Base Year For Estimation
2023
Forecast Data Period
2024-2030
Historical Data Period
2018-2021
Source: Envision Intelligence Analysis & Experts Insights.
*Graph shown for illustrative purpose only, the final report will have the graph with actual data and data labels
Big data security is protecting the collection of data sets so large and complex that it becomes difficult to process using on hand database system tools or traditional database applications. Encryption in the process of security increases the protection of data and prevent unauthorised access to data. Big data security is important for business as it allows them to access for a long time.
Global Big Data Security Market Segments Size & Growth:
Global big data security market is accounted for $12.24 billion in 2017 and estimated to grow at a CAGR of 17.23% during the forecast period of 2019-2025 to reach $43.66 billion by 2025. Some of the key factors propelling the growth of big data security market growth are increasing business data volume, evolving regulatory landscapes, growing need for high scalable solutions from cyber-attacks, rapid development in the ecommerce industry, accelerating monetary transactions through mobile and continuous advancements in IoT and other devices. On the other hand, big data security market is hindering from few restraints such as lack of constraints in the budget, high installation cost for solutions, lack of knowledge on data security and scarcity in trained expertise. Furthermore, large scale investments in R&D, enabling cost effectiveness cloud services, rising demand for SMEs, increasing concerns on cyber threats and need of high security solutions are estimated to project the growth over the forecast period.
Global Big Data Security Market Segments Share:
From the segment of the component, global big data security market is divided into software and services. The software solution
Global Big Data Security Market - Growth
Source: Envision Intelligence Analysis & Experts Insights.
*Graph shown for illustrative purpose only, the final report will have the graph with actual data and data labels
is estimated to witness significant growth over the forecast period due to emerging variety of software solutions, rapid accessing of vulnerabilities and eliminates the weakness of network security. By deployment mode, global big data security is segmented into on premises and cloud. The cloud deployment model has higher implementation rate than the on-premises deployment model and is projected to have high CAGR during the forecast period. Cloud based solutions are majorly used by large enterprises due to cheap operational costs, simple deployments, and higher scalability. By organisation size, large enterprises, small and medium sized enterprise are involved. Rising implementation among large enterprises and the segment is projected to continue its dominating market. The Small and Medium-sized Enterprises (SMEs), with a growing focus on the improvement of customer experience, are growing at a faster rate with high CAGR during the forecasting period. Among technology, security information and event management are holding the major share as increasing the nature of resolving complexities in data and maintaining data securely. Among end users, BFSI is dominating the market due to increasing
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Global Big Data Security Market - Porter's Five Force Analysis
Source: Envision Intelligence Analysis & Experts Insights.
*Graph shown for illustrative purpose only, the final report will have the graph with actual data and data labels
corporate data, customer transactions and critical information of the customer.
By Geography, North America held as largest market share in 2017 from major driving factors includes the presence of prominent vendors on a large scale, well established IT infrastructure, rapid adoption of advanced technologies and presence of large operation base. The Asia Pacific is estimated to lead the fastest growth in global big data security market
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