Global Big Data Security Market: Growing Volumes of Data from Small and Medium-Sized Enterprises Enhancing the Adoption of Big Data Services

Global Big Data Security Market

Big data security is the implementation of various security measures, tools, regulations and other components that are used for enhancement and protection of data along with analytical processes associated with big data. These security measures are primarily focused on protection against thefts, breaches and various other lethal components in big data analysis. One of the usage of this technology is the continuous screening of data being presented for analysis which can be deemed corrupted if not monitored in a correct manner.

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The main factors boosting the market are:

• Increasing volume of business data generated from multiple sources: With the availability of digital age in a number of different industrial domains the volume of business data being generated from these businesses has expanded significantly. This surge is being related to the reliance on smart machinery and automation of businesses as the different industries look to reap the benefits of automated machineries and automation of operations. This data generated is required to be consistently monitored as cyber-attacks can occur by hiding it amongst the significant volume of data sets and breaching an organization’s confidential information
• Demand for scalable high security solutions in increasing cyber-attacks: Another requirement that is generating large-scale demands for big data security is the requirement of implementing scalable technology that can provide transparent security. These solutions are required to be highly effective against a wide variety of cyber-attacks and the technologies and services provided with the help of big data security can be utilized for these solutions exactly

The market is segmented on the basis of component as software, services; technology as identity & access management, security information & event management, intrusion detection systems, unified threat management, others; deployment model as on-premises, cloud; organization size as small & medium-sized enterprises, large enterprises; industry vertical as banking, financial services & insurance, telecommunications & IT, retail & e-commerce, healthcare & life sciences, manufacturing, government & defense, energy & utilities, media & entertainment.

Some of the recent market developments are as follows:

• In August 2019, VMWare announced that they had acquired Pivotal Software, Inc. and Carbon Black in a combined deal of USD 4 billion approximately. These acquisitions will help VMWare with utilizing valuable expertise and services of IT-based components such as security and application development. Pivotal will offer customers a development platform, while Carbon Black will enable next-generation security assets for cloud
• In April 2018, Micro Focus announced the launch of “SecureData Sentry” which will be included in their “Voltage SecureData” portfolio. This technology will help organizations streamline their IT-security deployment and transparency. With the emergence of Big Data, organizations are investigating solutions and capabilities that can handle the explosion of applications being deployed on a large-scale in an efficient secure manner

“According to Data Bridge Market Research, global big data security market is expected to reach USD 43.31 billion by 2025, growing at a healthy CAGR during the forecast period of 2019 to 2026”

Some of the major players operating in the market are Oracle, Microsoft, Symantec Corporation, IBM Corporation, Amazon Web Services,Inc., Cloudera, Inc., Hewlett Packard Enterprise Development LP, Gemalto NV, McAfee, LLC, Check Point Software Technologies Ltd, Zettaset, Pivotal Software, Inc., Imperva, Centrify Corporation, Thales eSecurity, LogRhythm, Proofpoint, Inc., Fortinet, Rapid7, Inc., Fireeye, Inc. among others.

With the increasing generation of Big Data from a number of different industries and various organization sizes especially from small-sized enterprises, the need for having enhanced solutions for handling and analyzing this large volume of data is important. Along with utilizing all of the latest technologies and solutions, another requirement is the availability of security services which can be implemented across different platforms and technologies which are flexible, easy to use and deploy.