Rising Integration of Big Data with Networking Will Drive Big Data Security Market – Reports and Data

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Rising Integration of Big Data with Networking Will Drive Big Data Security Market – Reports and Data

August 14
01:00 2021
Rising Integration of Big Data with Networking Will Drive Big Data Security Market - Reports and Data
Big Data Security Market
The increasing trend towards outsourcing services are propelling the growth of the big data security market.

Big data refers to large amounts of data that are always growing. It includes the amount of data, the rate at which it is created and collected, and hence the extent of the information points covered. Data processing generates a lot of big data, which comes in a variety of formats. A massive volume of both structured and unstructured data sets that inundates enterprises is known as big data. Big data is frequently used to gain insights that lead to more effective strategic initiatives and business decisions.

The industrial sector’s high requirement for data security will propel the big data security industry forward. Manufacturing is still a major component of the global economy, although its role in industrialised and developing economies has evolved dramatically. Big data is critical for increasing productivity and efficiency, as well as finding fresh insights that can be used to drive innovation. The desire for high-security solutions to counteract cyber-attacks, rapid rise in the volume of company data, and changes in regulatory compliance are all driving the big data security market.

The global Big Data Security market is forecast to reach USD 64.74 Billion by 2028, according to a new report by Reports and Data. The increasing concerns of fake data generation is a significant challenge for the operational security of big data. This can lead to a failure in detecting the trends and problems to solve. Such challenges can be solved by applying a fraud detection approach. Once the data is collected, it undergoes parallel processing, which is vulnerable to get accessed by any outsider who can change the settings of the existing mappers or add ‘alien’ ones. This can destroy the data processing effectively, and sensitive information may also get leaked. These factors contribute to the necessity of deploying big data security services and tools.

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Geographical Segmentation:

The report essentially evaluates the significant presence of the global Big Data Security market across the world’s major regions. The global Big Data Security market has been categorized into several key geographical regions. North America, Asia Pacific, Europe, Latin America, and the Middle East & Africa are the leading Big Data Security market regions. In this section of the report, the authors have examined the market share, market size, revenue contribution, sales network, distribution channels, and numerous other aspects of each geographical segment.

Reports and Data’s latest report sums up the significant changes in the global business sector that followed the COVID-19 outbreak. The pandemic has also had an enormous impact on the global Big Data Security market, disrupting the market dynamics and trends. The global health crisis has gravely affected the Big Data Security industry, disrupting the global supply chains and bringing about volatility in prices and product demand. However, industry experts believe that the global Big Data Security market will regain traction in the post-COVID scenario. The report further offers a preliminary and a future assessment of the pandemic’s impact on this lucrative business space.

Key findings of the report:

Among the technologies, the identity and access management (IAM) accounts for the largest market share of ~36% in the year 2018. IAM can be used to create a unique username to identify a user, granting access rights to various digital resources based on predefined user tasks. This significantly lessens down on user onboarding and offboarding participation. It also helps decrease the uncertainties of granting access rights to a user who should not have access.

The intrusion detection system or intrusion prevention system (IDS/IPS) technology is forecasted to witness a higher growth rate of 18.0% during the forecast period. In the intrusion detection system or intrusion prevention system, the network or computer is continuously monitored for any invasion or attack. The method can be modified and changed according to the needs of the specific consumer and can also help outside as well as internal threats to the system and network. It effectively limits any loss to the network.

Among the components, software accounts for the largest market share of ~55% in the year 2018. Big data collects and analyzes massive amounts of data from heterogeneous sources to discover unique and new knowledge to understand the scientific and business scenarios. Big data business intelligence enables visibility into associations and trends that otherwise go unnoticed. It aims to gain greater insights into patterns from smaller data sets.

North America held the largest market share of ~29% in the year 2018. The increasing cases of security breaches is the major contributing factor in the growing demand for security solutions in the region. Implementation of artificial intelligence in companies makes it faster to overcome cyber risks. The identification of malware has become easier with AI than what it was using traditional systems. By tracking all previous data attacks, any suspicious activity can be easily recognized.

Moreover, the popularity of internet, e-commerce, and social media sites in the region is another driver of the market. Sites like Facebook and Twitter have maximum users from this region. Data analytics has helped firms accurately identify target audiences. With social media growing further, the usage of big data security will only grow.

Key participants include IBM Corporation, Symantec Corporation, Check Point Software Technologies Ltd., Microsoft Corporation, Oracle Corporation, Hewlett Packard Enterprise, Centrify Corporation, Cloudera, Inc., Thales E-Security, Hortonworks Inc., Zettaset, Inc., Mcafee, LLC, Pivotal Software, Inc., Imperva, Inc., Amazon Web Services, and Gemalto NV, among others.

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For the purpose of this study, the global Big Data Security market has been segmented on the basis of disease type, application, distribution channel, and region:

Technology Outlook (Revenue, USD Billion; 2016-2026)

Intrusion Detection System/Intrusion Prevention System (IDS/IPS)

Identity and Access Management (IAM)

Security Information and Event Management (SIEM)

Others

Component Outlook (Revenue, USD Billion; 2016-2026)

Software

Services

Organization Size Outlook (Revenue, USD Billion; 2016-2026)

Small and Medium-Sized Enterprises

Large Enterprises

Deployment Model Outlook (Revenue, USD Billion; 2016-2026)

On-premises

Cloud

Data Type Outlook (Revenue, USD Billion; 2016-2026)

Data-at-rest

Data-at-use

Data-in-transit

Industry Vertical Outlook (Revenue, USD Billion; 2016-2026)

Retail and eCommerce

Government and defense

Healthcare and life sciences

Media and entertainment

IT and Telecommunications

Banking, Financial Services, and Insurance

Others

Table Of Contents:

Chapter 1. Market Synopsis

    1.1. Market Definition

    1.2. Research Scope & Premise

    1.3. Methodology

    1.4. Market Estimation Technique

Chapter 2. Executive Summary

    2.1. Summary Snapshot, 2020 – 2028

Chapter 3. Indicative Metrics

Chapter 4. Big Data Security Market Segmentation & Impact Analysis

    4.1. Big Data Security Market Segmentation Analysis

    4.2. Industrial Outlook

         4.2.1. Market indicators analysis

         4.2.2. Market drivers analysis

                 4.2.2.1. Increasing trend towards outsourcing services

                 4.2.2.2. Popularity of BYOD services

                 4.2.2.3. Extensive adoption of smartphones, e-commerce, and social media

                 4.2.2.4. Penetration of the internet

                 4.2.2.5. Increasing cases of data breaches

                 4.2.2.6. Emergence of massive amounts of data

         4.2.3. Market restraints analysis

                 4.2.3.1. Lack of availability of expert professionals

                 4.2.3.2. Lack of awareness

    4.3. Technological Insights

    4.4. Regulatory Framework

    4.5. ETOP Analysis

    4.6. Porter’s Five Forces Analysis

    4.7. Competitive Metric Space Analysis

    4.8. Price trend Analysis.

Continued…

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About Us:

Reports and Data is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target and analyze consumer behavior shifts across demographics, across industries and help client’s make a smarter business decision. We offer market intelligence studies ensuring relevant and fact-based research across a multiple industries including Healthcare, Technology, Chemicals, Power and Energy. We consistently update our research offerings to ensure our clients are aware about the latest trends existent in the market.

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