Press release
Big Data Security Market Poised to Hit $72.1 Billion by 2029 with Accelerating Growth Trends
Big Data Security Market
Big Data Security Market Size Growth Forecast: What to Expect by 2025?
The size of the big data security market has seen rapid expansion in the past few years. It is expected to expand from $34.69 billion in 2024 to $38.57 billion in 2025, indicating a compound annual growth rate (CAGR) of 11.2%. The substantial growth observed in the historical period can be attributed to factors such as the swift adoption of big data, the need to comply with regulations, an increase in data sources, the intricate nature of the big data ecosystems, and improved cognizance of the repercussions of data breaches.
How Will the Big Data Security Market Size Evolve and Grow by 2029?
Over the coming years, the market size of big data security is projected to rapidly expand. The forecast indicates that it will reach a value of $72.1 billion by 2029, with a compound annual growth rate (CAGR) of 16.9%. This growth in the forecast span can be associated with factors like zero trust security models, container security, data sovereignty and residency, improved data access governance, and advanced persistent threats. The major trends expected within the forecast period comprise the integration of AI and machine learning, the cooperation between security and DevOps, enhanced threat intelligence sharing, partnerships with cybersecurity service providers, and addressing challenges in edge computing security.
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What Drivers Are Propelling the Growth of Big Data Security Market Forward?
The growth of the big data security market is projected to be driven by the increasing incidence of cyberattacks. A cyberattack is essentially a malicious attempt by an individual or an organization to infiltrate the data of another individual or commercial entity. Big data security is instrumental in combating these cybercrimes by fortifying the data, hence the surge in cyberattacks amplifies the need for the big data security market. For instance, a study in 2022, by Packetlabs, a Canadian computer security service firm, indicated that 79% of financial area CISOs reported an annual increase in more intricate cyberattacks deployed by threat actors. Consequently, the growing frequency of cyberattacks propels the expansion of the big data security market.
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Which Emerging Trends Are Transforming the Big Data Security Market in 2025?
The rise of technological developments is a critical trend shaping the big data security marketplace. Leading companies in this sector are concentrating their efforts on producing innovative technical solutions to ensure customer satisfaction and consolidate their dominance. In a case in point, in September 2023, IBM, an American technology conglomerate, premiered their IBM security services for Multi-cloud. This suite of sophisticated cloud security and compliance solutions is engineered to assist corporations in risk management and data protection throughout their hybrid, multi-cloud settings and workloads.
What Are the Key Segments in the Big Data Security Market?
The big data securitymarket 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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Who Are the Key Players Shaping the Big Data Security Market's Competitive 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
What Geographic Markets Are Powering 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
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