Big Data Security Market Market is Expected to Grow at a CAGR of 11.70% from 2022 To 2028

Big Data Security
  • Big Data Security Market

As stated by our extensive report, the global Big Data Security Market market accounted for18,245.10 USD Millionin 2021.

Big data security is the measures and tools that are used to protect both the data and analytics processes from theft, attacks, or any other malicious activities which may negatively affect them. The big data variant is concerned with attacks that originate either from the online or offline spheresjust like other forms of cyber-security solutions. These threats consist of the theft of data or information stored online, ransomware, and DDoS attacks that may lead to the crash of a server. This problem gets even worse when the organization stores information and data which is confidential such as credit card numbers, customer information, or even contacts details. Additionally, these attacks on an organization’s storage may result in serious financial repercussions such as litigation costs, losses, and fines or sanctions. The implementation of big data securityensures the safety of transactions and data storage logs and helps to implement endpoint security.

The increasing cyber-attacks and growing demand from end-use industries are anticipated to augment the growth of the Big Data Security Market market during the forecast period. The cyber security authorities in Australia, the United States, and the United Kingdom witnessed growth in high-impact ransomware occurrences against critical infrastructure organizations across the globe in 2021. According to The Federal Bureau of Investigation (FBI), the Cybersecurity and Infrastructure Security Agency (CISA), and the National Security Agency (NSA) estimations there were 14 ransomware incidents in the U.S. critical infrastructure sectors, which included the Defense Industrial Base, Food and Agriculture, Emergency Services, Government Facilities, and Information Technology segments. Further, the Australian Cyber Security Centre (ACSC) also witnessed continued ransomware targeted the critical infrastructure entities of Australia, including in the Financial Services and Markets, Healthcare and Medical, Higher Education and Research, and Energy Sectors and the same was observed by The United Kingdom’s National Cyber Security Centre (NCSC-UK) wherein most of the education sectors were targeted by ransomware actors. This is expected to create demand for big data security solutions across all the industry verticals in near future.

However, a low big data security budget and high installation cost, and lack of security expertise and skilled personnel may hinder the growth of the market in the years to come. Moreover, an increase in the adoption of AI-and ML-based applications is expected to create immense opportunities for the growth of the market within the forecast period. Additionally, an increase in focus on data discovery solutions and the centralization of key management is also expected to strengthen big data security demand in near future.

North America held the largest shares in 2021. This is attributable to the presence of major players that focus on delivering advanced solutions to all the industry verticals in the region. Furthermore, the rising growth in e-commerce and increasing government funding to support big data security implementation are also expected to fuel the regional growth of the market.

Some of the prominent players operating in the globalBig Data Security Marketmarket includeIBM (US), Oracle (US), Microsoft (US), Google (US), Amazon Web Services (US), Hewlett Packard Enterprise (US), Talend (US), Micro Focus (UK), Check Point (Israel), FireEye (US), Rapid7 (US), Thales (France), Informatica (US), McAfee (US), Centrify (US), Sisense (US), Imperva (US), Proofpoint (US), Varonis (US), Cloudera (US), Fortinet (US), Digital Guardian (US), SentinelOne (US), DataVisor (US), and Zettaset (US)..