The data mining of usable information is growing in importance these days, consequently motivating the big data security market 2030. The ICT industry reports are produced by Market Research Future, which highlights market options for advancement. A CAGR of 17.10% is predicted to motivate the market to earn USD 35.71 Billion by the end of 2030.
The rising demand for suitable high-security solutions is predicted to push the expansion of the big data security market in the upcoming period. The soaring demand for third-party managed security service providers is likely to promote the market for big data security in the coming years.
Segmental Analysis
The segmental assessment of the Big Data Security Industry is conducted on the basis of component, organization size, deployment, technology, and end-user. The end-user basis of segmenting the big data security market is segmented into travel & logistics, automotive, healthcare, government, BFSI, and IT & telecommunication. The component basis of segmenting the big data security market consists of software and services. The software segment is further sub-segmented into security intelligence, access control, encryption, data masking, and data governance. Based on the deployment, the big data security market is divided into on-cloud and on-premise. Based on the technology, the big data security market is segmented into unified threat management (UTM), security information and event management (SIEM), identity and access management (IAM), and intrusion detection system (IDS)/intrusion prevention system (IPS). Based on the organization sizes, the big data security market is segmented into SMEs & large enterprises.
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Regional Outlook
The regional study notes that because of the growing introduction and growth of cloud-based technology and applications in the world the North American region dominates the big data protection sector. For 2017, the US leads the market with USD 3.45 billion in sales. The region is prone to the fast and elevated approval of the newest in technological development, which has amplified the demand for appropriate and scalable high-security solutions. The emergence of more than a few market-leading companies is likely to guide opportunities for business growth and ultimately development through the forecast period. Due to increasing spending on cutting-edge technology in nations such as India and China, the Asia-Pacific region is projected to expand at the fastest pace over the forecast era. In addition, the need for profitable advanced analytical analysis solutions and services among the many SMEs has resulted in the need for high-security solutions.
Competitive Dashboard
The key market players of the global big data security market are Fortinet (U.S.), Check Point Software Technologies Ltd (Israel), Hewlett Packard Enterprise Company (U.S.), IBM Corporation (U.S), McAfee, LLC (U.S.), Symantec Corporation (U.S.), FireEye, Inc. (U.S.), Rapid7, Inc. (U.S.), LogRhythm, Inc. (U.S.), and Proofpoint, Inc. (U.S).
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Big Data Security Market Research Report: Information by Technology (Hall Effect, Magneto Resistive, Variable Reluctance), By Application (Automotive, Industrial, Aerospace & Defense, Consumer Electronics) and Region (North America, Europe, Asia-Pacific, Middle East & Africa, and South America)—Forecast till 2030
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