The global big data security market accrued earnings worth approximately 13.1 (USD Billion) in 2019 and is predicted to gain revenue of about 34.2(USD Billion) by 2026, is set to record a CAGR of nearly 11.5 % over the period from 2020 to 2026. The report offers assessment and analysis of the big data security market on a global and regional level. The study offers a comprehensive assessment of the market competition, constraints, revenue estimates, opportunities, evolving trends, and industry-validated data. The report provides historical data from 2017 to 2019 along with a forecast from 2020 to 2026 based on revenue (USD Billion).
Big Data Security: Overview
The amount of data across the globe has been increasing by leaps and it has become a key concern for analyzing this big data effectively. Reportedly, data analysis has gained significance in each domain and played a major role in production activities along with capital investment and labor. Big data creates value for each sector in both developed as well as developing countries every year. Citing an instance, big data results in value creation for healthcare & retail sectors in the U.S., public sector in Europe, and production sector across each country. Apart from this, big data provides huge benefits to consumers & firms. Hence it has become necessary to provide surety to big data, thereby driving market trends.
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Big Data Security Market: Growth Dynamics
Utility of big data is expected to create waves of productivity as well as increase economic surplus for the firms. A study has revealed that retail shops can raise its operating margin by more than 50% through use of big data. Hence, it has become a necessity for the firms to provide effective security to large amount of data, thereby driving market trends. In addition to this, humungous use of big data has the potential of influencing myriad businesses as it helps the firms in knowing potential consumers. All these aforementioned factors will further drive the expansion of big data security market over the assessment period.
Furthermore, awareness pertaining big data security among the organizations along with huge funding of research activities for safeguarding big data will prompt the business growth. Need for enhancing consumer services has resulted in protecting big data, thereby scaling up the expansion of big data security industry.
Regional Landscape
North American Market To Record Massive Growth By 2026
The growth of regional market in the sub-continent over the forecast timeline is owing to large-scale presence of major big data security service providers in the U.S. and Canada. Apart from this, increase in the cyber terrorism has resulted in growing penetration of the big data security services in various firms of the sub-continent in the recent years. This will proliferate the big data security industry in North America over the upcoming years.
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Competitive Landscape
Key players profiled in the study are:
- Hewlett Packard Enterprise (U.S.)
- Symantec Corporation (U.S.)
- Cisco Systems Inc. (U.S.)
- Imperva, Inc. (U.S.)
- McAfee LLC (U.S.)
- Microsoft Corporation (U.S.)
- Check Point Software Technologies, Ltd. (U.S.)
- Oracle Corporation (U.S.)
- Fortinet, Inc. (U.S.)
- FireEye Inc. (U.S.)
- IBM Corporation (U.S.)
- Dell Technologies Inc. (U.S.)
- Gemalto N.V. (Netherland)
- LogRhythm, Inc. (U.S.)
The global Big Data Security Market is segmented as follows:
By Software Security
- Encryption
- Access Control
- Security Intelligence
- Data Masking
- Governance
By End-User
- Large Enterprises
- SMEs
By Region
- North America
- The U.S.
- Canada
- Europe
- France
- The UK
- Spain
- Germany
- Italy
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Southeast Asia
- Rest of Asia Pacific
- Latin America
- Brazil
- Mexico
- Rest of Latin America
- Middle East & Africa
- GCC
- South Africa
- Rest of Middle East & Africa
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