Big Data Security Market Trends by Key Players: IBM, HP, AWS, Pivotal Software, Gemalto, Centrify, Cloudera, Hortonworks, Thales E-security, McAfee, Symantec, Check Point Software Technologies, Fortinet, and Imperva
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Big data security market consists of encryption, access control, security intelligence, data governance, and data masking software. The security intelligence software has a huge potential and is slated to be one of the fastest growing markets during the timeline as the solution swiftly assesses all the loopholes and vulnerabilities and acts on removing the security threats. The BFSI industry is expected to have the largest share in big data security market among all other industries due to the investment and availability of the huge volume of data. Industries are using big data security for the effective management of digital assets and to streamline the process flow. The market will also see growth in healthcare, retail, and IT & telecom industries due to the involvement of the huge volume of data.
North America is expected to lead in the big data security market due to the presence of large vendors with a strong customer base. The region is an early adopter of innovative technologies; organizations are witnessing a huge adoption of cloud-based security solutions, fostering the market growth. Asia Pacific is expected to offer significant growth opportunities for the vendors, leading to growth at the highest CAGR during the timeline. The growth in Asia Pacific is due to the rise in cybersecurity attacks in the past three years. Europe is projected to be the second largest revenue generator for big data security market in 2016.
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Some of the players present in the big data security market are IBM, Hewlett Packard Enterprise AWS, Pivotal Software, Gemalto, Centrify, Cloudera, Hortonworks, Thales E-security, McAfee, Symantec, Check Point Software Technologies, Fortinet, and Imperva. The continuous technological innovations and investments in new products to reduce malicious attacks are becoming strategies for vendors to gain a competitive edge.
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