Big Data Security Market Expected to Reach USD 54.23 Billion by 2027 |Top Players such as - AWS, HPE and Talend

According to the report published by Allied Market Research, The Big Data Security Market Expected to Reach USD 54.23 Billion by 2027 |Top Players such as - AWS, HPE and Talend. These players have adopted different strategies such as new product launches, collaborations, expansion, joint ventures, agreements, and others to increase their market share and maintain dominant shares in different regions.

Increase in digitization trends and digital data production and surge in data privacy and security concerns drive the growth of the global big data security market. On the other hand, presence of huge data to be analyzed impedes the growth to some extent. However, advancements in big data techniques are expected to create lucrative opportunities in the industry.

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The global big data security market is analyzed across solution type, deployment mode, organization size, industry vertical, and region. Based on solution type, the data security analytics segment accounted for around one-fifth of the total market share in 2019 and is expected to dominate during the forecast period. The data governance and compliance segment, on the other hand, would cite the fastest CAGR of 24.9% from 2020 to 2027.

Based on deployment mode, the on-premise segment contributed to nearly two-thirds of the total market share in 2019, and is projected to retain its dominance by the end of 2027. At the same time, the cloud segment would exhibit the fastest CAGR of 20.5% throughout the forecast period.

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Based on region, North America garnered the major share in 2019, holding nearly two-fifths of the global market. Simultaneously, the market across Asia-Pacific would register the fastest CAGR of 20.9% from 2020 to 2027. The other two provinces covered in the report include Europe and LAMEA.

The key market players analyzed in the global big data security market report include Oracle Corporation, Microsoft Corporation, Fireeye Inc., Amazon Web Services Inc., HPE, Talend, Micro Focus Plc, IBM Corporation, Checkpoint Software Technologies Inc., and Google LLC. These market players have embraced several strategies including partnership, expansion, collaboration, joint ventures, and others to highlight their prowess in the industry.

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Covid-19 Scenario:

✓ The outbreak of the pandemic made most organizations adopt remote working system in order to cater to the social distancing norms. These increased online activities led to increase in tons of additional raw data to be generated, thereby boosting the global big data security market.

✓ Also, rise in cyber-criminal activities gave way to surge in demand for improved security of confidential corporate assets, thus impacting the market positively.

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