Press release
Global Big Data Security Market Projected to Surpass $73.69 Billion by 2029 with 17.4% Annual Growth
Big Data Security Market Size
As cyberattacks continue to surge, they are predicted to boost the growth of the big data security market. Cyberattacks are intentional and harmful attempts by a person or entity to infringe on the data of another person or company. Big data security is instrumental in combating these crimes by safeguarding the data, thus any surge in cyberattacks will amplify the need for big data security. For instance, Packetlabs, a Canada-based Computer security service company, disclosed in 2022 that 79% of financial CISOs notice a yearly rise in the use of advanced cyberattacks by threat actors. Consequently, the escalating number of cyberattacks catalyzes the expansion of the big data security market.
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How will the growth rate of the big data security market shape industry trends by 2034?
In recent times, the size of the big data security market has witnessed accelerated growth. This trend is expected to continue, with market value predicted to rise from $34.69 billion in 2024 to $38.85 billion in 2025, reflecting a compound annual growth rate (CAGR) of 12.0%. The significant expansion during the historic period can be ascribed to factors such as surging adoption of big data, the necessity to adhere to regulatory compliance standards, an increase in data sources, the intricacy of big data ecosystems, and heightened awareness of the repercussions of data breaches.
The market size for big data security is anticipated to experience swift expansion in the coming years, ballooning to $73.69 billion by 2029 with a Compound Annual Growth Rate (CAGR) of 17.4%. The predicted growth during this period can be credited to factors such as zero trust security models, container security, data residency and sovereignty, improved data access governance, and advanced persistent threats. Significant trends during this period are expected to encompass the incorporation of AI and machine learning, the collaboration between security and DevOps, improved threat intelligence sharing, partnerships with cybersecurity service providers, and the security challenges posed by edge computing.
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What trends are poised to drive the future success of the big data security market?
The rise of technological enhancements has become a prominent trend in the big data security market. The main players in this sector are concentrating on creating innovative technological solutions to cater to customer needs and enhance their standing. For example, in September 2023, the American technology company, IBM, unveiled its IBM security services for Multi cloud. This modern suite of cloud security and compliance solutions is intended to aid businesses in mitigating risk and safeguarding data across their hybrid, multicloud environments, and workloads.
Which primary segments of the big data security market are driving growth and industry transformations?
The big data security market covered in this report is segmented -
1) By Component: Solutions, Services
2) By Deployment Mode: On-Premises, Cloud
3) By Organization Size: Small And Medium Enterprises, Large Enterprises
4) By End-User: Banking, Financial Services, And Insurance (BFSI), Manufacturing, IT And Telecommunication, Aerospace And Defense, Healthcare, Other End Users
Subsegments
1) By Solutions: Data Encryption Solutions, Identity And Access Management (IAM), Intrusion Detection And Prevention Systems (IDPS), Security Information And Event Management (SIEM), Data Loss Prevention (DLP), Big Data Security Analytics
2) By Services: Consulting Services, Managed Security Services, Risk Assessment And Compliance Services, Incident Response Services, Training And Support Services
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Which geographical regions are pioneering growth in the big data security market?
North America was the largest region in the big data security market in 2024.Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the big data security market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Who are the influential players reshaping the big data security market landscape?
Major companies operating in the big data security market include Check Point Software Technologies Ltd., International Business Machines Corporation, Microsoft Corporation, Oracle Corporation, Google LLC, Amazon Web Services Inc., Hewlett Packard Enterprise Company LP, Centrify Corporation, Talend S. A., FireEye Inc., Rapid7 Inc., Thales Group, McAfee corp., Zettaset Inc., Imperva Inc., LogRhythm Inc., Fortinet Inc., Sisense Ltd., Cisco Systems Inc., Varonis Systems Inc., Informatica LLC, Palantir Technologies Inc., Cloudera Inc., Teradata India Pvt. Ltd., Splunk Inc., Proofpoint Inc., Gigamon Inc., Zscaler Inc., F5 networks india pvt. Ltd., Darktrace Limited
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What Is Covered In The Big Data Security Global Market Report?
•Market Size Forecast: Examine the big data security market size across key regions, countries, product categories, and applications.
•Segmentation Insights: Identify and classify subsegments within the big data security market for a structured understanding.
•Key Players Overview: Analyze major players in the big data security market, including their market value, share, and competitive positioning.
•Growth Trends Exploration: Assess individual growth patterns and future opportunities in the big data security market.
•Segment Contributions: Evaluate how different segments drive overall growth in the big data security market.
•Growth Factors: Highlight key drivers and opportunities influencing the expansion of the big data security market.
•Industry Challenges: Identify potential risks and obstacles affecting the big data security market.
•Competitive Landscape: Review strategic developments in the big data security market, including expansions, agreements, and new product launches.
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