Big Data Security Market
Growth Factors of Big Data Security Market
The big data security market size was valued at USD 20.61 billion in 2023, and the market is now projected to grow from USD 23.68 billion in 2024 to USD 83.95 billion by 2032, exhibiting a CAGR of 17.1% during the forecast period of 2023-2030.
During covid pandemic most of the business were forced to shift to online selling’s by closing physical stores which in turn rise the demand for big data security market growth for safety reasons. This trend will be continued as business recognize the importance of having an efficient and visually appealing online store for driving sales and reaching a worldwide client base. Hence, online store sale is anticipating to witness a boom in the projected period.
Growing need for big data security solutions that are scalable owing to an increase in cyberattacks, market expansion. The number of targeted attacks that breach networks while remaining anonymous has surged in recent years. Endpoints, networks, devices, cloud apps, data, and other IT infrastructure are all targets for attackers. The business-critical functions of a company may suffer from targeted cyberattacks.
Protective AI's ascent will drive market growth during projected period. A greater variety of security use cases and an increase in demand from businesses looking to lower risk while enhancing speed and accuracy are being brought about by the growing use of artificial intelligence (AI). Industry studies predict that by 2026, more than 80% of businesses would implement GenAI-based solutions in production settings and use Generative Artificial Intelligence (GenAI) models or Application Programming Interfaces (APIs). Comparing 2023 to 2023, this is a substantial gain of less than 5%.
Comprehensive Analysis of Big Data Security Market
The big data security market and technology industry is rising at an exponential rate due to its market segmentation. This market expansion effectively provides a detailed regional assessment considering the dominant supply and demand forces that impact the technology benefit management industry. These segmentations are methodically segregated by component, by enterprise, by industry and by deployment. The types of component include, Data Encryption, Data Discovery and Classification, Data Auditing and Monitoring, Data Authorization and Access, Tokenization and Masking, Data Governance and Compliance, Data Security Analytics, and Others and by enterprise type segmentation include Small & Mid-sized Enterprises (SMEs) and Large Enterprises while by industry segmentation includes IT & Telecom, BFSI, Healthcare, Retail & E-commerce, Manufacturing, Government, Aerospace & Defense, and others. However, the deployment type segmentation includes On-premises and Cloud.
The North America region lead the big data security market by benefitting a market size of USD 7.73 billion in 2023 due to integration of artificial intelligence and growing demand for data security solutions due to rise in cyber threats.
The top players in the market play a crucial role in the technology industry assuring industrial prospectus growth and setting market standards. These players include, IBM Corporation (U.S.), Oracle Corporation (U.S.), Hewlett Packard Enterprise Development LP (U.S.), Thales Group (France), Microsoft Corporation (U.S.), Cloudera, Inc. (U.S.), Micro Focus (Open Text) (U.K.), Imperva Inc. (U.S.), Amazon Web Services Inc. (U.S.) and Egnyte, Inc. (U.S.) these market players provide a level-playing competitive landscape.
In April 2023, Data security and unified monitoring provider Dynatrace announced the purchase of a new AWS cloud-based monitoring and security capabilities. By obtaining this competency, Dynatrace has demonstrated its capacity to help clients build a stable and expandable foundation for their entire cloud operation.
Segmentation Table
ATTRIBUTE DETAILS
Study Period 2019–2032
Base Year 2023
Estimated Year 2024
Forecast Period 2024–2032
Historical Period 2019–2022
Growth Rate CAGR of 17.1% from 2024 to 2032
Unit Value (USD billion)
Segmentation By Component
- Data Discovery and Classification
- Data Encryption, Tokenization and Masking
- Data Auditing and Monitoring
- Data Authorization and Access
- Data Governance and Compliance
- Data Security Analytics
- Others (Data Backup and Recovery)
By Deployment
- On-premises
- Cloud
By Enterprise Type
- Small & Mid-sized Enterprises (SMEs)
- Large Enterprises
By Industry
- IT & Telecom
- BFSI
- Healthcare
- Retail & E-commerce
- Manufacturing
- Government
- Aerospace & Defense
- Others (Energy & Utilities)
By Region
- North America (By Component, Deployment, Enterprise Type, Industry, and Country)
- South America (By Component, Deployment, Enterprise Type, Industry, and Country)
- Brazil
- Argentina
- Rest of South America
- Europe (By Component, Deployment, Enterprise Type, Industry, and Country)
- U.K.
- Germany
- France
- Italy
- Spain
- Russia
- Benelux
- Nordics
- Rest of Europe
- Middle East & Africa (By Component, Deployment, Enterprise Type, Industry, and Country)
- Turkey
- Israel
- GCC
- North Africa
- South Africa
- Rest of the Middle East & Africa
- Asia Pacific (By Component, Deployment, Enterprise Type, Industry, and Country)
- China
- India
- Japan
- South Korea
- ASEAN
- Oceania
- Rest of Asia Pacific
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