In accordance with findings from The Business Research Company, the big data security market has experienced substantial growth in recent years, surging from $31.33 billion in 2024 to $35.46 billion in 2024, demonstrating a noteworthy compound annual growth rate (CAGR) of 13.2%. This growth during the historical period is attributable to the swift adoption of big data, stringent regulatory compliance requirements, the proliferation of diverse data sources, the intricate nature of big data ecosystems, and an increased awareness of the severe consequences associated with data breaches.
Anticipating continued momentum, the big data security market is projected to witness a robust surge, reaching $61.97 billion by 2028, exhibiting a CAGR of 15.0%. Factors fueling this growth in the forecast period encompass the implementation of zero-trust security models, heightened focus on container security, considerations of data residency and sovereignty, strengthened data access governance, and addressing advanced persistent threats. Noteworthy trends on the horizon include the integration of artificial intelligence and machine learning, collaborative efforts between security and DevOps, intensified sharing of threat intelligence, partnerships with cybersecurity service providers, and grappling with security challenges posed by edge computing.
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The rising cyberattacks are expected to propel the growth of the big data security market going forward. A cyberattack is a malicious and deliberate effort by an individual or organization to breach the data of another individual or business. Big data security helps in controlling cybercrimes by securing the data, as a result, the rise in cyberattacks will increase the demand for the big data security market. For instance, in 2022, according to Packetlabs, a Canada based Computer security service company, 79% of financial CISOs have reported that threat actors are utilizing more sophisticated cyberattacks annually. Therefore, the rising number of cyber-attacks drives the growth of the big data security market.
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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 & Medium Enterprises, Large Enterprises
4) By End-User: Banking, Financial Services, & Insurance (BFSI), Manufacturing, IT & Telecommunication, Aerospace & Defense, Healthcare, Other End Users
Top 5 Major Players :
- Check Point Software Technologies Ltd
- International Business Machines Corporation
- Microsoft Corporation
- Oracle Corporation
- Google LLC
A pivotal trend gaining traction in the big data security market is technological advancements. Key players in this sector are strategically dedicating efforts to develop innovative technological solutions, responding to consumer demands, and fortifying their market positions. A case in point is IBM, a leading U.S.-based technology corporation, which, in September 2024, unveiled the IBM Security Services for Multi-cloud. This cutting-edge suite comprises modernized cloud security and compliance solutions meticulously designed to assist enterprises in mitigating risks and safeguarding data across their hybrid, multicloud environments and diverse workloads.
The big data security market report table of contents includes:
1. Executive Summary
2. Big Data Security Market Characteristics
3. Big Data Security Market Trends And Strategies
4. Big Data Security Market – Macro Economic Scenario
5. Global Big Data Security Market Size and Growth
…..
31. Global Big Data Security Market Competitive Benchmarking
32. Global Big Data Security Market Competitive Dashboard
33. Key Mergers And Acquisitions In The Big Data Security Market
34. Big Data Security Market Future Outlook and Potential Analysis
35. Appendix
List Of Tables:
Table 1: Global Historic Market Growth, 2018-2023, $ Billion
Table 2: Global Forecast Market Growth, 2023-2028F, 2033F, $ Billion
Table 3: Global Big Data Security Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Table 4: Global Big Data Security Market, Segmentation By Deployment Mode, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Table 5: Global Big Data Security Market, Segmentation By Organization Size, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
….
Table 75: Check Point Software Technologies Ltd. Financial Performance
Table 76: International Business Machines Corporation Financial Performance
Table 77: Microsoft Corporation Financial Performance
Table 78: Oracle Corporation Financial Performance
Table 79: Google LLC Financial Performance
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