Pune, India, July, 2018 /press release/- Market Research Future Published a Cooked Research Report on Global Big Data Security Market Research Report.
Market Research Future (MRFR)’s latest study reveals that the global Big Data security market is set to advance at 16.9% CAGR during the forecast period (2017–2023). The market growth is attributable to the rising demand for scalable and high-security solutions. However, lack of data security awareness and lack of security expertise and skilled personnel is expected to hamper the market growth in the upcoming years.
The Big Data security market is expanding with the growing adoption of emerging technologies such as Identity and Access Management (IAM), Security Information and Event Management (SIEM), Unified Threat Management (UTM), and Intrusion Detection System (IDS)/Intrusion Prevention System (IPS) technologies. The Big Data security market is driven by factors such as increasing variety and volume of business data generated from various sources.
Global Market for Big Data Security market – Segmental Analysis
MRFR’s report offers a detailed segmental analysis of the market, based on technology, component, deployment, organization size, end-user, and region. By technology, the market is sub-segmented into Identity and Access Management (IAM), Security Information and Event Management (SIEM), Unified Threat Management (UTM), and Intrusion Detection System (IDS)/Intrusion Prevention System (IPS). By component, the market is sub-segmented into software and services. The software segment is sub-segmented into encryption, data masking, access control, security intelligence, and data governance. Whereas, services are further categorized as professional services and managed services. By deployment, the market is sub-segmented into on-cloud and on-premise. By organisation size, the market is further segmented into small and medium-sized enterprises and large enterprises. By end user, the market is sub-segmented into BFSI, travel & logistics, healthcare, government, automotive, and IT & telecommunication.
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The global Big Data security market has been segmented by region into North America, Europe, Asia Pacific, and the rest of the World. North America currently accounts for the largest market share and the trend is likely to continue in the foreseeable future. This growth is attributable to the high adoption rate of Identity and Access Management (IAM), and Security Information and Event Management (SIEM) technologies. Europe is expected to register the fastest growth for the Big Data security market during the forecast period. The market growth is attributed to the rapid development in BFSI and healthcare industry.
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Some of the key players profiled in the report are, Check Point Software Technologies Ltd (Israel), Fortinet (U.S.), Hewlett Packard Enterprise Company (U.S.), IBM Corporation (U.S), McAfee, LLC (U.S.), Symantec Corporation (U.S.), FireEye, Inc. (U.S.), Rapid7, Inc. (U.S.), LogRhythm, Inc. (U.S.), and Proofpoint, Inc. (U.S.) among others.
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