Big Data Security Market by Component (Services, Software), Deployment Model (On-Cloud, On-Premises), Organization Size, Verticals - Global Forecast 2024-2030

Big Data Security Market by Component (Services, Software), Deployment Model (On-Cloud, On-Premises), Organization Size, Verticals - Global Forecast 2024-2030

The Big Data Security Market size was estimated at USD 23.37 billion in 2023 and expected to reach USD 26.41 billion in 2024, at a CAGR 13.34% to reach USD 56.16 billion by 2030.

Big data security incorporates an extensive range of solutions, services, and strategies explicitly designed to safeguard big data sets and analytics processes from attacks, theft, or other malicious activities that could compromise data integrity, confidentiality, and availability. It addresses challenges posed by the sheer volume and complexity of big data, incorporating advanced technologies such as encryption, data masking, access control, identity management, and security analytics. By providing robust security mechanisms, big data security plays an important role in enabling organizations to leverage large volumes of data safely and efficiently, thus driving insights and value while mitigating potential risks associated with data breaches & cyber threats. The rising number of cyber-attacks and data breaches is compelling businesses to adopt big data security solutions. Advancements in technology including cloud computing and the Internet of Things (IoT), create new vulnerabilities, driving the need for sophisticated security solutions. Moreover, stringent data protection regulations worldwide enforce the need for robust data security measures and increase the application of big data security solutions. However, the complexity and cost of implementing comprehensive big data security solutions can deter small and medium businesses. Furthermore, the lack of skilled professionals in cybersecurity and big data analytics poses a significant challenge. Nevertheless, the Integration of AI and machine learning algorithms for predictive threat detection and real-time security provides a lucrative scope for market growth. Moreover, developing cloud-native security solutions tailored for big data applications in cloud environments creates opportunities for the increasing adoption of big data security solutions.

Regional Insights

The big data security market in the Americas is characterized by advanced technological adoption and stringent data protection regulations. The United States leads the region, which is attributed to the presence of major technology firms and a highly mature IT infrastructure. Canada and Latin American countries are also witnessing significant growth, driven by increasing awareness about data security and substantial investments in IT security solutions. The EMEA region shows robust growth, driven by stringent data protection laws, notably GDPR in European countries. The Middle East and Africa are rapidly catching up, thanks to growing digital transformation initiatives and increasing cyber security threats. The Asia Pacific region showcases exponential growth for adopting big data security solutions driven by rapid economic development, digital transformation, and an escalating number of cyber-attacks. Countries including China, India, and Japan are at the forefront, investing heavily in Big Data analytics and security technologies.

Market Insights

Market Dynamics

The market dynamics represent an ever-changing landscape of the Big Data Security Market by providing actionable insights into factors, including supply and demand levels. Accounting for these factors helps design strategies, make investments, and formulate developments to capitalize on future opportunities. In addition, these factors assist in avoiding potential pitfalls related to political, geographical, technical, social, and economic conditions, highlighting consumer behaviors and influencing manufacturing costs and purchasing decisions.

Market Drivers

• Growing demand for big data security from SMEs
• Increasing focus on data discovery solutions and centralization of key management
• Rising cyberattack demand for scalable big data security solutions

Market Restraints

• High installation cost of big data security

Market Opportunities

• Adoption of AI and ML-based applications in big data security
• Emerging trends of BYOD to boost demand for big data cloud security

Market Challenges

• Lack of security expertise and skilled workforce

Market Segmentation Analysis

• Component: Cruciality of services in big data ecosystem for a comprehensive approach to safeguarding data in various means
• Verticals: High adoption in the financial & insurance sector for protecting sensitive financial data and customers' personal information

Market Disruption Analysis

• Porter’s Five Forces Analysis
• Value Chain & Critical Path Analysis
• Pricing Analysis
• Technology Analysis
• Patent Analysis
• Trade Analysis
• Regulatory Framework Analysis

FPNV Positioning Matrix

The FPNV positioning matrix is essential in evaluating the market positioning of the vendors in the Big Data Security Market. This matrix offers a comprehensive assessment of vendors, examining critical metrics related to business strategy and product satisfaction. This in-depth assessment empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success, namely Forefront (F), Pathfinder (P), Niche (N), or Vital (V).

Market Share Analysis

The market share analysis is a comprehensive tool that provides an insightful and in-depth assessment of the current state of vendors in the Big Data Security Market. By meticulously comparing and analyzing vendor contributions, companies are offered a greater understanding of their performance and the challenges they face when competing for market share. These contributions include overall revenue, customer base, and other vital metrics. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With these illustrative details, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.

Recent Developments

NTT DATA Selects Swimlane as Global Partner for Security Automation

NTT DATA collaborated with Swimlane to enhance its worldwide managed services offerings. This collaboration, an integral part of NTT DATA's newly unveiled Global Cybersecurity Strategy, aims to augment its Security Operations Center (SOC) Solutions, showcasing a significant advancement in addressing cybersecurity challenges globally. This alliance delivers industry and region-specific security operations expertise, revolutionizing security operations with Swimlane Turbine's unique combination of automation, generative AI, and low-code capabilities.

Eviden and Amazon Web Services (AWS) create new collaboration to accelerate creation of AI-driven, secure and sustainable industry solutions on AWS Marketplace

Eviden entered into a strategic collaboration agreement (SCA) with Amazon Web Services (AWS) to enhance its 12-year partnership. This SCA represents a mutual endeavor by both entities to provide a comprehensive program of solutions, consultancy, and innovation support designed to assist customers in rapidly obtaining critical expertise for cloud and AI transformation projects, thereby optimizing their time to value. The initiative aims to foster the development of data-driven solutions tailored to address the unique challenges faced by sectors such as Financial Services, Automotive, Manufacturing, Energy & Utility and more. By utilizing the AWS Marketplace, Eviden will deploy its full range of industry solutions and accelerators on AWS, offering customers a streamlined process for assembling end-to-end solutions and services, thus expediting their digital transformation journey.

Altos India Partners with SISA to Enhance Data Security with RADAR Solution

Altos India partnered with SISA to fortify data security and streamline compliance with the newly enacted Digital Personal Data Protection (DPDP) Act of 2023, ensuring organizations are fully equipped to safeguard sensitive information. This partnership offers enterprises a robust tool to navigate the complexities of data protection regulation, positioning RADAR as a vital asset in the evolving digital landscape marked by increased regulatory scrutiny and the imperative for stringent data protection mechanisms.

Strategy Analysis & Recommendation

The strategic analysis is essential for organizations seeking a solid foothold in the global marketplace. Companies are better positioned to make informed decisions that align with their long-term aspirations by thoroughly evaluating their current standing in the Big Data Security Market. This critical assessment involves a thorough analysis of the organization’s resources, capabilities, and overall performance to identify its core strengths and areas for improvement.

Key Company Profiles

The report delves into recent significant developments in the Big Data Security Market, highlighting leading vendors and their innovative profiles. These include Amazon Web Services, Inc., Broadcom Inc., Check Point Software Technologies Ltd., Cisco Systems, Inc., Cloudflare, Inc., CrowdStrike Holdings, Inc., Darktrace Holdings Limited, Exabeam, Inc., Forcepoint, Fortinet, Inc., Google LLC by Alphabet Inc., Hewlett-Packard Development Company, L.P., Intel Corporation, International Business Machines Corporation, McAfee Corp., Microsoft Corporation, NVIDIA Corporation, Okta, Inc., Oracle Corporation, Palo Alto Networks, Inc., Proofpoint, Inc., Rapid7, Inc., Thales Group, Trend Micro Inc., and Zscaler, Inc..

Market Segmentation & Coverage

This research report categorizes the Big Data Security Market to forecast the revenues and analyze trends in each of the following sub-markets:

• Component
• Services
• Consultation
• Integration & Deployment
• Support & Maintenance
• Software
• Data Auditing & Monitoring
• Data Authorization & Access
• Data Backup & Recovery
• Data Discovery & Classification
• Data Encryption, Tokenization & Masking
• Data Governance & Compliance
• Data Security Analytics
• Deployment Model
• On-Cloud
• On-Premises
• Organization Size
• Large Enterprises
• Small & Medium-Sized Enterprises
• Verticals
• Financial & Insurance
• Healthcare & Social Assistance
• IT & ITES
• Retail Trade
• Telecommunications
• Utilities

Region

• Americas
• Argentina
• Brazil
• Canada
• Mexico
• United States
• California
• Florida
• Illinois
• New York
• Ohio
• Pennsylvania
• Texas
• Asia-Pacific
• Australia
• China
• India
• Indonesia
• Japan
• Malaysia
• Philippines
• Singapore
• South Korea
• Taiwan
• Thailand
• Vietnam
• Europe, Middle East & Africa
• Denmark
• Egypt
• Finland
• France
• Germany
• Israel
• Italy
• Netherlands
• Nigeria
• Norway
• Poland
• Qatar
• Russia
• Saudi Arabia
• South Africa
• Spain
• Sweden
• Switzerland
• Turkey
• United Arab Emirates
• United Kingdom

Please Note: PDF & Excel + Online Access - 1 Year