The Global Big Data Security Market Growth, COVID-19 impact and Forecast (2021-2025)
The global big data security market is segmented on organization size as small & medium enterprises and large enterprises; based on applications as BFSI, manufacturing, IT and Telecommunications, aerospace & defense, healthcare, and others; based on geography as APAC, Europe, North America, and ROW.
Introduction
Big data security is the aggregate term for all the measures and tools used to safeguard and defend both the data and analytics processes from attacks, theft, or other malicious activities that could harm or negatively affect them. Much like other forms of cyber-security, the big data variant is involved and concerned with attacks that originate either from the online or offline spheres.
It is the collective term for all the measures and tools used to guard both the data and analytics processes from attacks, theft, or other malicious activities that could harm or negatively affect them.
Much like other forms of cyber-security, the big data variant is concerned with attacks that originate either from the online or offline spheres. These threats include the theft of information stored online, ransomware, or DDoS attacks that could crash a server.
Table of Contents
Market Overview
The Global big data security market is expected to grow to $31.4 million by 2025 at CAGR of 12.4%.
With data being routed through a circuitous path, from a data source (such as CRM, sensors) to data storage and to the analysis stage, the Big Data environment is vulnerable in various ways and is a valuable target for intruders.
Security is a major concern that restricts enterprises to opt for Big Data deployments either on-premise or hosted on the cloud or virtual environments.
Especially with the advancements and progressions in technology even the cybersecurity attacks are becoming sophisticated and complex day by day
Key Trends
Expanding adoption of bringing your own devices (BYOD) is expected to drive the market of big data security, as the employees can connect to the organization network through their own devices.
Rising cyber-attacks are expected to drive the market as the cyber-attacks are growing in number, and the sophistication level of the attacks is also improving drastically.
Key Market Players
The market is dominated by global vendors like Thales Group, Axiomatics, Oracle, AWS, IBM, and Microsoft.
Growth Drivers and Challenges
Rising cyber-attacks have demanded scalable big data security solutions.
The big data security market size is increasing due to increased demand for high-security solutions to tackle cyber-attacks, rapid growth in the volume of business data, and changes in regulatory compliance.
The continuous focus of companies on enhancing their customer services and securing the data is stimulating market growth.
Cybercriminals can manipulate data on endpoint devices and transmit the false data to data lakes. Security solutions that analyze logs from endpoints need to validate the authenticity of those endpoints.
Lack of awareness of data security and Low data security budget, and high installation cost are the major challenges faced by the big data security market players.
With the widespread use of BYOD devices, WFH trend, and internet penetration across the corners of the globe, individuals are progressively inclined towards the use of digital technologies such as cloud solutions, driving the need for Big data security measures for protection against cyber-attacks.
There is growth in the need for endpoint and Virtual Private Network (VPN) security measures and rising demand for cyber hygiene practices to ensure robust security policies and practices amid the Covid-19 pandemic.