The Big Data Security Market size is projected to grow from USD 11.79 Billion in 2024 to USD 35.604 Billion by 2032, exhibiting a compound annual growth rate (CAGR) of 14.81% during the forecast period (2024 - 2032). Additionally, the market size for big data security was valued at USD 10.07 Billion in 2023.
Increased need for traditional data mining and cyber-attack protection tools and techniques in many businesses are the key market drivers enhancing market growth.
Figure 1: Big Data Security Market Size, 2022-2032 (USD Billion)
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
Big data has enormous potential for businesses and cybercriminals because the payoff is frequently worth the effort required to breach security layers when they target large data sets. They have much more to gain when pursuing such a large data set. As a result, businesses suffer much greater losses if they are the target of a cyberattack without adequate security measures.
There is a need for traditional data mining and cyber-attack protection tools and techniques in many businesses, especially those that deal with massive amounts of data. Because of this, big data analytics is becoming more popular among cybersecurity experts. The big data environment is vulnerable and a desirable target for intruders because data travels a roundabout route from a data source (like a CRM or sensor) to data storage and analysis.
The Hadoop open-source framework or other sources may be used by businesses to deploy big data platforms, but the frameworks still require thorough security plans. Many tech companies are introducing cloud solutions to the market to address the inherent limitations of the mechanisms, which may require security measures beyond simple data encryption. For instance, McAfee Enterprise declared in August 2021 that MVISION Cloud is a SASE offering dubbed MVISION Unified Cloud Edge (UCE). Utilizing a seamless API-based cloud-native approach expands the capabilities of Dynamics 365; however, this necessitates the security of big data in enterprises. Any business that maintains a sizable online presence is susceptible to a security breach at the application level. Attacks that cause a denial of service (DoS) to a company's website or apps are frequent and can significantly affect business operations throughout the supply chain. These attempts, which are second only to SQL injection in frequency, are sometimes even politically motivated, according to a study by IBM X-Force Threat Intelligence.
As an illustration, Nordex, a sizable manufacturer of wind turbines, experienced a network attack by the ransomware Conti in April of last year. This led to many of their systems going offline through their branches. To stop the malware from spreading and minimize damage to their internal network, the company disabled remote access to systems that managed wind turbines and IT systems. Governments like Germany, the US, China, and India concentrate on smart manufacturing techniques by boosting automation and industrial control systems (ICS) (like SCADA, DCS, and PLCs). Thus, driving the big data security market revenue.
The Big Data Security Market segmentation, based on components, includes software and service. The software segment dominated the market for managing real-time data; it enables organizations to use big data analytics. Software as a service (SaaS) can provide convenience, a shorter time to benefit, and other benefits for data protection. With predictive analytics, big data security software can assist businesses in monitoring fraudulent activities in real time by spotting unusual patterns and behavior.
Figure 2: Big Data Security Market, by Components, 2022 & 2032 (USD billion)
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
Based on software, the Big Data Security Market segmentation includes encryption, data masking, access control, security intelligence, and data governance. The data governance category generated the most income. Big data security depends on effective data governance. Improved data quality, lower data management costs, increased access to necessary data across the organization, lowered risks of errors being introduced, and ensuring that precise rules regarding access to data are established, enforced, and followed are some advantages of using data governance in big data security. Taking control of data privacy, spotting security flaws, and enhancing cybersecurity are all things that organizations can do with data governance.
Based on service, the Big Data Security Market segmentation includes professional and managed. The managed category generated the most income. The advantages of managing big data security include improved data asset visibility, simplifying locating the appropriate data for analysis and fostering more efficient and organized businesses. Data integrity, a key component of big data security management, can also be protected with efficient solutions. Furthermore, implementing best practices for big data security can help avoid costly and damaging data breaches and cyberattacks.
Based on deployment, the Big Data Security Market segmentation includes cloud and on-Premise. The on-Premise category generated the most income. With on-premise deployment, businesses have more flexibility and control over their IT infrastructure. Additionally, they are replaceable and provide the flexibility to customize operations and improve plug-ins. The on-premise deployment lessens reliance on the internet while safeguarding data against fraud and possible losses. Additionally, it removes the requirement for onsite staff to have an internet connection, making it entirely accessible without a secure connection.
By Region, the study provides market insights into North America, Europe, Asia-Pacific and the Rest of the World. The North American big data security market will dominate, the demand for new data center infrastructures in the area is being driven by the growth of mobile broadband, cloud computing, and big data analytics. Additionally, the growing popularity of cloud computing among businesses in North America due to falling server prices is anticipated to increase demand for DCIM during the forecast period. In the US, the market for data centers in the West is established and developed.
Further, the major countries studied in the market report are The U.S., Canada, German, France, the UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil.
Figure 3: BIG DATA SECURITY MARKET SHARE BY REGION 2022 (%)
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
Europe’s big data security market accounts for the second-largest market share due to its importance as a global center for technology. A revolution is occurring in the local enterprise technology market due to the growing adoption of 5G, VR, and Al. The growing demand for loT, big data, and cloud computing is also a major factor boosting the industry for data centers and their colocation facilities. Europe is home to over 2,600 data centers. Due to its greater development, Western Europe is home to many colocation data centers and service providers. Further, the German big data security market held the largest market share, and the UK big data security market was the fastest-growing market in the European region.
The Asia-Pacific Big Data Security Market is expected to grow at the fastest CAGR from 2023 to 2032. Growing access to commercial digital solutions and rising internet usage have helped increase the number of SMEs in the Asia Pacific region. Big data and artificial intelligence are being used increasingly in this field, accelerating the growth of the data center industry. IoT and machine learning are increasingly used by the systems that produce forms, which will increase the amount of data collected. Moreover, China’s big data security market held the largest market share, and the Indian big data security market was the fastest-growing market in the Asia-Pacific region.
Leading market players are investing heavily in research and development to expand their product lines, which will help the big data security market grow even more. Market participants are also undertaking various strategic activities to expand their global footprint, with important market developments including new product launches, contractual agreements, mergers and acquisitions, higher investments, and collaboration with other organizations. The big data security industry must offer cost-effective items to expand and survive in a more competitive and rising market climate.
Manufacturing locally to minimize operational costs is one of the key business tactics manufacturers use in the global big data security industry to benefit clients and increase the market sector. The big data security industry has offered some of the most significant medical advantages in recent years. Major players in the big data security market, including Symantec Corporation, Fortinet, Check Point Software Technologies Ltd., IBM, Hewlett Packard Enterprise (HPE), Proofpoint Inc., FireEye Inc., Rapid7 Inc., and others, are attempting to increase market demand by investing in research and development operations.
Proofpoint Inc., the business was started in 2002 by Eric Hahn, a former CTO of Netscape. Since then, it has expanded to have more than 3,600 employees serving more than 8,000 businesses internationally. 2012 saw the company's IPO. It produced more than $1 billion in revenue in 2020, becoming the first SaaS-based cybersecurity and compliance business to do so. In a deal valued at $12.3 billion, Proofpoint was acquired by Thoma Bravo 2021, a renowned private equity software investment company. The deal to take a software company private is the biggest ever.
IBM, To assist clients in finding solutions to their most pressing business problems, we combine all required technology and services, regardless of where those solutions originate. When clients pursue the digital transformation of the world's mission-critical businesses, IBM integrates technology and expertise, offering infrastructure, software (including market-leading Red Hat), and consulting services. We continued our history of sustainability leadership in 2021 when we declared a target of net-zero greenhouse gas emissions across all the nations where we do business by 2030. Customers are putting their aspirations into action with our data-driven sustainability solutions. IBM is constantly looking for the next big thing. Learn more about IBM Research's team of more than 3,000 scientists and researchers who firmly believe in the ability of the scientific method to create new things. For instance, we are setting the standard for quantum computing.
March 2024: Dell Technologies, Inc. partnered with CrowdStrike Holdings, Inc., an American cybersecurity technology company. This allowed clients to have Dell's Managed Detection and Response (MDR) services along with CrowdStrike’s state-of-the-art Falcon XDR platform that uses artificial intelligence. More so, the collaboration has enabled its customers to defend their systems against increasingly advanced cyber threats.
December 2023: Thales Group S.A. completed the acquisition of Imperva, Inc., an American cyber security software and services company. Governments and organizations around the world got a boost in their overall cybersecurity through this deal by strengthening Thales’ global cybersecurity capabilities. It also opens up possibilities for new business opportunities and market invention.
November 2023 Broadcom Inc. acquired VMware, Inc., an American cloud computing and virtualization technology company. The VMware platform was merged into Broadcom Software's portfolio through this acquisition to deliver essential infrastructure solutions to customers.
November 2023, Hewlett Packard Enterprise Company agreed to terms with NVIDIA Corporation, an American multinational corporation and technology company. In this partnership, GenAI is an enterprise computing solution developed by these two firms. A new product jointly engineered pre-configured solution for A.I. tuning and inferencing allows companies, irrespective of size, to quickly customize foundational models using proprietary data.
October 2023 Amazon Web Services, Inc. declared bringing a sovereign cloud to Europe targeted at governments as well as heavily regulated industries, namely those engaged in finance or healthcare, etc. This means that all data within will be stored on E.U. servers managed exclusively by AWS employees resident in E.U. countries. The service will initially be launched in Germany before being extended to all European users.
May 2022 Oracle is reinforcing Oracle Cloud Infrastructure (OCIbuilt-in) 's safety offerings & features to help safeguard their customers' cloud apps & data from future risks. A brand-new built-in & cloud-native firewall service together with enhancements made on Oracle Cloud Guard & Oracle Security Zones that complement OCI’s already robust security offerings. These advancements will also help enterprises protect their cloud deployments and apps with easy, prescriptive, and integrated services that do not require additional investment in most circumstances.
In June 2022, Oracle Corporation had all necessary antitrust clearances to complete the proposed acquisition of Cerner; among them was the European Commission's approval. Cerner is a leading provider of digital information systems, enabling medical professionals to provide better care to patients and populations within hospitals or health systems.
Big Data Security Market Segmentation
North America
Europe
Asia-Pacific
Rest of the World
Latin America
| Report Attribute/Metric | Details |
| Market Size 2023 | USD 10.07 Billion |
| Market Size 2024 | USD 11.79 Billion |
| Market Size 2032 | USD 35.604 Billion |
| Compound Annual Growth Rate (CAGR) | 14.81% (2024-2032) |
| Base Year | 2023 |
| Market Forecast Period | 2024-2032 |
| Historical Data | 2019- 2021 |
| Market Forecast Units | Value (USD Billion) |
| Report Coverage | Revenue Forecast, Market Competitive Landscape, Growth Factors, and Trends |
| Segments Covered | Components, Software, Services, Deployment and Region |
| Geographies Covered | North America, Europe, Asia Pacific, and the Rest of the World |
| Countries Covered | The U.S., Canada, German, France, UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil |
| Key Companies Profiled | Symantec Corporation, Fortinet, Check Point Software Technologies Ltd., IBM, Hewlett Packard Enterprise (HPE), Proofpoint Inc., FireEye Inc., Rapid7 Inc. |
| Key Market Opportunities | Increased usage of smartphones and social media |
| Key Market Dynamics | Increased the necessity of protecting the data with proper solutions |
Big Data Security Market Highlights:
Frequently Asked Questions (FAQ) :
The Big Data Security Market size was valued at USD 10.07 Billion in 2023.
The global market is projected to grow at a CAGR of 14.81% during 2024-2032.
North America had the largest share of the global market
The key players in the market are Symantec Corporation, Fortinet, Check Point Software Technologies Ltd., IBM, Hewlett Packard Enterprise (HPE), Proofpoint Inc., FireEye Inc., and Rapid7 Inc.
The software category dominated the market in 2022.
The managed segment had the largest share in the global market.
Leading companies partner with us for data-driven Insights.
Kindly complete the form below to receive a free sample of this Report
Team Lead - Research she holds an experience of about 6+ years in market research and business consulting, working under the spectrum of information communication technology, telecommunications and semiconductor domains. aarti conceptualizes and implements a scalable business strategy and provides strategic leadership to the clients. her expertise lies in market estimation, competitive intelligence, pipeline analysis, customer assessment, etc.
Get in Touch
© 2024 Market Research Future ® (Part of WantStats Reasearch And Media Pvt. Ltd.)
