Big Data Security Market Report

The volume of data produced from various sectors has been increasing at a rapid rate. Moreover, the number of cyber-attacks has witnessed a surge in the past few years. To securely protect the personal data has become the most difficult task for the organizations and sectors. Due to growing security concerns, organizations across the globe are opting for advanced protection techniques including big data security solutions. These solutions help in securely managing the data, preventing a data breach, and extending the value of the data lake.

The leading companies in the global big data security market offer varied solutions and services for effective data management. One of the key security solutions includes IBM Security Guardium Data Activity Monitor, which is designed to deal with a wide range of security requirements. Monitoring real-time security policies and protecting the data across enterprises without affecting its performance and source are few of the functions performed by this solution.

Rising Cyber Security Attacks to Act as a Major Driver in the Big Data Security Market

Increasing instances of breaches and frauds across various sectors such as manufacturing, aerospace & defense, IT & telecommunication, and healthcare are raising the need for high security solutions, thereby raising the demand for big data security solutions and software. As enterprises expand, the number of employees also increases. This calls for the need to store huge amount of personal data regarding their employees and customers. Big data solutions offer an effective management of data to analyse, predict, and prevent security incidents.

Key Players to Adopt Key Strategies to Retain their Position in the Big Data Security Market

Rapid7, Inc. (U.S.), AlienVault, Inc. (U.S.), Pivotal Software, Inc. (U.S.), Centrify Corporation (U.S.), Cloudera, Inc. (U.S.), DataVisor, Inc. (U.S.), Dell Technologies Inc. (U.S.), Informatica Corporation (U.S.), FireEye, Inc. (U.S.), Fortinet, Inc. (U.S.), Hortonworks, Inc. (U.S.), LogRhythm, Inc. (U.S.), Gemalto NV (Netherlands), Imperva, Inc. (U.S.), Check Point Software Technologies Ltd. (Israel), Hewlett Packard Enterprise Company (U.S.), McAfee, LLC (U.S.), Microsoft Corporation (U.S.), Oracle Corporation (U.S.), Proofpoint, Inc. (U.S.), Symantec Corporation (U.S.), Zettaset, Inc (U.S.), Amazon Web Services(U.S.), and IBM Corporation (U.S.) are few of the key participants in the global big data security market.

Technological innovations and research and development activities are some of the key strategies taken up by the key players. In addition, they are emphasising on expanding their customer base across various regions. For instance, recently, a key cyber security company, Symantec Corporation became a part of the United States’ Department of Defense’s (DOD) Defense Industrial Base (DIB) Cybersecurity (CS) program. The key objective of this initiative is to prevent and minimize cyber attacks.

Key Points to Remember

●  Increasing data volume by various companies and sectors to act as a key factor driving the big data security market

●  Services and solutions to gain popularity among the organizations and end-use sectors

●  BFSI to witness substantial growth in the near future

●  North America to enjoy a sizeable share in the global big data security market in the forthcoming years

By Product

  ●  Software

  ●  Services

By End Use

●  BFSI

●  Government

●  Energy & Utilities

●  Healthcare

●  Manufacturing

●  Retail

● Telecom & IT

● Transportation & Logistics

● Others

The researchers have predicted that services and solutions may gain traction among the organizations in the forthcoming years. The reason being their cost effectiveness and easy accessibility. As per the analysts, the BFSI sector is likely to grab a handsome share in the near future owing to rising adoption of big data security software in this sector due to growing need for effective management of digital assets. Moreover, increasing cases of manipulation, frauds, and threats are eventually raising the demand for big data security solutions.

By Region

North America is anticipated to hold a conspicuous market share in the coming years as most of the leading players providing solutions and services with advanced security are based in this region. In addition, high awareness level regarding big data security among organizations is projected to drive the demand for big data security in the coming years. Countries such as Canada and the US have emerged as the largest contributors to the big data security market growth. On the other hand, rising spending on technology in China and India is prophesied to offer a boost to the big data security market growth in Asia Pacific.

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