Dublin, April 24, 2023 (GLOBE NEWSWIRE) -- The "Big Data Security Market - Global Industry Size, Share, Trends, Opportunity, and Forecast. 2018-2028F Segmented By Solution Type, By Deployment, By Organization Size; By Industry Vertical, By Region, Competition" report has been added to ResearchAndMarkets.com's offering.
The Global Big Data Security Market is anticipated to thrive in the forecast period 2024-2028.
Companies Mentioned
- IBM Corporation
- Oracle Corporation
- Microsoft Corporation
- Google LLC
- Amazon Web Services Inc.
- Hewlett Packard Enterprise Company
- Talend
- Micro Focus Plc
- Checkpoint Software Technologies Inc
- Fireeye Inc.
The rapid adoption of digital technologies and the increasing importance of data-based trend analysis methodologies will propel market expansion.
Additionally, the rise in data security and privacy concerns has given the sector a stable platform. Also, it is anticipated that certain developments in big data approaches will increase the use of big data analytics technology, creating a lucrative opportunity for market expansion.
Big data security refers to a range of tools and methods used to secure data and analytical processing. It protects against thefts, cyberattacks, and other malicious activities that can endanger critical information.
Big data security improves the performance of the business, also helps to promote system efficiency, enables simple resource sharing, protects the security of transactions and data storage records, and prevents unauthorized access.
Global Cyberattacks Are Increasing
The use of targeted attacks has grown significantly. Attackers who are certain of their objective usually attack endpoints, networks, on-premises equipment, cloud-based apps, data, etc. The main objective of targeted attacks is to access the network of the targeted companies or organizations and take private information.
These targeted attacks on an enterprise's most crucial operations can have detrimental impacts such as business interruption, loss of intellectual property, financial loss, and loss of sensitive consumer information. Targeted cyberattacks affect businesses, both their domestic and foreign customers, with identity theft and security breaches. As a result, these cyberattacks raise the demand for scalable big data security solutions, which in turn fuels the market's expansion.
Rising Demand for Cloud Deployment
All big data security solutions, including next-generation firewalls and intrusion prevention systems, maybe more easily managed by enterprises if they are implemented on-premises. Because cloud-based solutions provide speed, scalability, and increased IT security, enterprises benefit from the concept of cloud deployment for big data security solutions.
As more applications are supplied over the cloud, there is an increasing demand for cloud-based big data security solutions from SMEs and large organizations. Furthermore, during the projection period, the rise of the entire market would be sped up by factors like improved security measures and rising cybersecurity awareness. Additionally, it is projected that the big data security market will expand at a faster rate due to the rising volume of commercial data being generated from various sources.
Rising Digital Data Production Trends
There is an exponential growth of digital data output, and this will continue during the forecast period. One of the primary causes of this surge in digital data output is the increased use of digital devices like smartphones and laptops in users' daily lives. This data boom has also been influenced by the growing popularity of the Internet of Things (IoT) and the data generated by numerous IoT devices.
It is challenging for data analysts to evaluate and make sense of the vast amounts of digital data production. In order to discover data trends and present visualization of these enormous volumes of data, big data tools must be used to process the data. Owing to this fact, the big data security market has seen a significant rise over the past several years and is expected to rise further.
Report Scope:
In this report, the Global Big Data Security market has been segmented into the following categories, in addition to the industry trends, which have also been detailed below:
Big Data Security Market, By Solution Type
- Data Discovery and Classification
- Data Authorization and Access
- Tokenization and Masking
- Data Auditing and Monitoring
- Data Governance and Compliance
- Data Security Analytics
- Others
Big Data Security Market, By Deployment
- On-premise
- Cloud
Big Data Security Market, By Organization Size
- Small & Medium Enterprise
- Large Enterprise.
Big Data Security Market, By Industry Vertical:
- IT and ITES
- Telecommunications
- Healthcare and Social Assistance
- Financial and Insurance
- Retail Trade
- Others
For more information about this report visit https://www.researchandmarkets.com/r/x3gtmo
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