Big Data Security Market to Reach USD 54,237 Million by 2027 at CAGR 18.8% – Valuates Reports

BANGALORE, India, May 6, 2021 /PRNewswire/ — The Big Data Security Market is Segmented By Solution Type (Data Discovery & Classification, Data Authorization & Access, Data Encryption, Tokenization & Masking, Data Auditing & Monitoring, Data Governance & Compliance, Data Security Analytics, & Data Backup & Recovery), Deployment Mode (On-Premise and Cloud), Organization Size (Small & Medium Enterprise and Large Enterprise), and Industry Vertical (IT & ITES, Telecommunications, Healthcare & Social Assistance, Financial & Insurance, Retail Trade, Utilities and Others). The report covers world alternative evaluation and business forecast from 2020 to 2027. It is printed on Valuates Reports within the Software & Services Category.

The world huge information safety market was valued at USD 13,720 Million in 2019 and is projected to achieve USD 54,237 Million by 2027, registering a CAGR of 18.8% from 2020 to 2027. 

Big Data safety is the processing of defending information and analytics processes, each within the cloud and on-premise, from any variety of elements that might compromise their confidentiality.

Major elements driving the expansion of the massive information safety market are:

  • Big information is getting broadly utilized by companies and governments, with highly effective analytics getting used to information decision-making. Thus the large enhance in information is fueling the necessity for giant information safety.
  • The implementation of Big Data safety in a number of verticals, similar to banking, finance, authorities, and healthcare, is anticipated to extend as refined cyberattacks turn out to be extra widespread.
  • Cloud-based software program, IoT, and the safety ecosystem have all turn out to be extra sophisticated because of the widespread use of digital funds. Hence companies, together with main expertise companies, are more and more adopting the Big Data surroundings.

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POST COVID-19 IMPACT ON THE BIG DATA SECURITY MARKET

Post COVID-19, the dimensions of the worldwide Big Data safety market is estimated to be USD 16,257 million in 2020 and is projected to achieve USD 54,237 Million by 2027. 

The COVID pandemic has had a constructive impact on the Big Data safety market. As many firms have been compelled to show to distant working and do business from home, there is a rise within the technology of extra uncooked information. This has moreover elevated the likelihood of cyber-attacks, thereby driving the event of huge information safety frameworks and options.

TRENDS INFLUENCING THE GROWTH OF BIG DATA SECURITY MARKET

Increase in digitization tendencies and elevated penetration of digital units similar to smartphones and computer systems is anticipated to drive the expansion of the massive information safety market. Furthermore, the rising recognition of the Internet of Things (IoT) and the info generated by numerous IoT units have contributed to the rise in demand for information safety. With huge information instruments and evaluation options turning into extra prevalent in trendy enterprise infrastructure, huge information safety options are gaining popularity to assist shield enterprise and client information. 

Rising cyber-attacks demand for scalable huge information safety options is anticipated to extend the expansion of huge information safety market dimension. The main purpose of focused assaults is to realize entry to an organization’s or group’s community and steal delicate information. Business-critical actions in firms are adversely affected because of these focused assaults when it comes to enterprise interruption, mental property loss, monetary loss, and lack of essential and confidential buyer info. Hence to guard these huge information from such assaults, safety turns into a mandate, thereby growing the demand for giant information safety.

The deployment of internet and cloud-based platforms has elevated the necessity for safety, thereby contributing to the expansion of the massive information safety market. In addition, the introduction of actionable intelligence to scale back information loss and the prioritization of network-based paradigms are a number of the different elements that drive market development.

The introduction of cloud-based huge information safety options is anticipated to extend the massive information safety answer market. Cloud-based implementation of huge information safety options will help organizations in decreasing prices related to expensive {hardware} storage, electrical energy, cooling, and the depletion of IT personnel required to constantly observe the community to get rid of IT storage prices.

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BIG DATA SECURITY MARKET SHARE ANALYSIS

By deployment, the cloud section is estimated to be one of the profitable within the huge information safety market.

Unlike standard on-premises deployment fashions, cloud-based huge information safety options present a cheap approach for companies in a wide range of industries to enhance their safety. One of a very powerful elements influencing the adoption of cloud-based safety options over on-premises safety options is pricing.

Based on area, The Asia-Pacific market is anticipated to register the best development charge in the course of the forecast interval. 

APAC consists of a number of the world’s largest economies, together with China, Singapore, Japan, and Australia. Because of those nations’ financial significance, a considerable amount of information is being transmitted by networks which might be susceptible to safety breaches. 

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Big Data Security Market Segments

Big Data Security Market By Solution Type

  • Data Discovery and Classification
  • Data Authorization and Access
  • Data Encryption, Tokenization and Masking
  • Data Auditing and Monitoring
  • Data Governance and Compliance
  • Data Security Analytics
  • Data Backup and Recovery

Big Data Security Market By Deployment Mode

Big Data Security Market By Organization Size

  • Large Enterprise
  • Small and Medium Enterprise

Big Data Security Market By Industry Vertical

  • IT and ITES
  • Telecommunications
  • Healthcare and Pharmaceuticals
  • Financial and Insurance
  • Retail Trade
  • Utilities
  • Others

Major Market Leaders within the Big Data Security Industry

  • IBM Corporation
  • Oracle Corporation
  • Microsoft Corporation
  • Google LLC
  • Amazon Web Services Inc.,
  • HPE
  • Talend Inc.,
  • Micro Focus Plc
  • Checkpoint Software Technologies Inc.
  • Fireeye Inc.

“We can also add the other companies as you want”

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SIMILAR REPORTS :

–  The world Database Security market is projected to achieve USD 4884.4 Million by 2026, from USD 2275.7 Million in 2019, at a CAGR of 11.4% throughout 2021-2026.

–  The world Managed Security Services market is projected to achieve USD 42,250 Million by 2026, from USD 21,680 Million in 2020, at a CAGR of 11.8% throughout 2021-2026.

–  The Global Cyber Security Market dimension is anticipated to develop from USD 158,425.94 Million in 2019 to USD 267,420.59 Million by the tip of 2025 at a CAGR of 9.11% in the course of the forecast interval.

–  The world Cloud Security market is projected to achieve USD 16230 Million by 2026, from USD 4322.2 Million in 2019, at a CAGR of 20.7% throughout 2021-2026.

–  The world Authentication Services market is projected to achieve USD 1926 Million by 2026, from USD 633.6 Million in 2019, at a CAGR of 17.1% throughout 2021-2026.

–  The world Security Orchestration market is projected to achieve USD 1978.4 Million by 2026, from USD 1071.8 Million in 2019, at a CAGR of 8.7% throughout 2021-2026.

–  The world Endpoint Security market is projected to achieve USD 17870 Million by 2026, from USD 12860 Million in 2019, at a CAGR of 4.8% throughout 2021-2026. The main elements driving the expansion of the Endpoint Security Market dimension are the necessity to mitigate IT safety dangers, rising BYOD tendencies amongst organizations, and enhance within the frequency of endpoint assaults.

–  The world Physical Security market is projected to achieve USD 102470 Million by 2026, from USD 74850 Million in 2019, at a CAGR of 4.1% in the course of the forecast interval 2021-2026. Because of the rising want for defense in opposition to growing terrorist assaults, unlawful immigration, and prison actions within the area, North America is anticipated to steer the market. In addition, stringent authorities rules for security and safety, in addition to technological developments in bodily safety applied sciences similar to video surveillance, are fueling the market’s development in North America.

–  The world Network Security Market is segmented by Type Software Product, Hardware Product, by Application Bank, Government, Enterprise and by numerous areas.

–  The world Security as a Service market dimension is projected to achieve USD 16920 Million by 2026, from USD 6758.8
illion in 2019, at a CAGR of 13.5% throughout 2021-2026. The business section dominated the business, accounting for roughly half of the general market share. Since they use a wide range of safety applied sciences similar to digital article monitoring programs, radio frequency identification programs, and video surveillance programs, retail firms are the main contributors to this market section.

–  The Data Security Software Market is segmented by Type On-Premise, Cloud-based, by Application Individual, Enterprise, Others and by numerous areas.

–  The world big data and business analytics market dimension was valued at USD 193.14 Billion in 2019, and is projected to achieve USD 420.98 Billion by 2027, rising at a CAGR of 10.9% from 2020 to 2027. The elevated adoption of huge information analytics instruments by numerous organizations to offer enhanced & faster decision-making and to offer aggressive benefit by analyzing and performing on info in a well timed method is driving the worldwide huge information and enterprise analytics market ahead. Furthermore, the rising demand for cloud-based huge information analytics instruments amongst small and medium companies has a constructive impact in the marketplace’s development.

To see the full list of related reports on the Big Data Security

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