Global Big Data Security Market – Forecast 2023

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Global Big Data Security Market, By Component (Software, Service), By Software (Encryption, Data Masking, Access Control, Security Intelligence, Data Governance), By Service (Professional, Managed), By Deployment (Cloud, On-Premise) – Forecast 2023

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Description

Introduction
Big data analytics refers to a process that is used when traditional data mining and handling techniques cannot uncover the insights and meaning of the underlying data. Data that is unstructured or time-sensitive or simply very large cannot be processed by relational database engines. This type of data requires a different processing approach called big data analytics, which makes use of massive parallelism on readily-available hardware. Big data security involves various technologies to cater to the need for data privacy. Data in its raw and unstructured form has no value; it needs to be processed and properly structured in order to be utilized.
The global big data security market is expected to reach approximately USD 36.5 billion by 2023 at a CAGR of 16.9%.
The market has been segmented based on technology, component, deployment, organization size, end user, and region.
By technology, the market has been divided into identity and access management, security information & event management, unified threat management, and intrusion defense systems or intrusion prevention systems. The identity and access management segment is expected to contribute significantly to the market share and be the fastest growing technology in the global big data security market. This is because identity and access management allows organizations to set up access mechanisms to prevent any unintended exposure of sensitive data, thus helping organizations meet the rigorous compliance mechanisms.
By component, the market has been divided into software and service. The software segment has further been divided into encryption, data masking, access control, security intelligence, and data governance and the service segment is divided into professional and managed services. The service component is expected to dominate the market with the largest market share and be the fastest growing with the highest CAGR during the forecast period since the service providers are gaining immense popularity in the big data security market.
By deployment, the market has been segmented into cloud and on-premise. Among these, the cloud deployment segment is expected to contribute to the largest market share and be the fastest growing market. This is because of the higher adoption of cloud deployment as compared to the on-premise deployment since it provides improved flexibility, low-cost deployment, and high operational efficiency.
By organization size, the market has been segmented into small & medium enterprises and large enterprises. Among these, the large enterprises are expected to contribute to the largest market share since the big data security solutions are adopted by large enterprises on a high scale. The small & medium enterprises are likely to have the highest growth rate since the small & medium enterprises are increasing their focus on the improvement of its customer experience.
By end-user, the market has been sub-segmented into BFSI, travel & logistics, healthcare, government, automotive, IT & telecommunication, others. Among these, the BFSI segment is expected to generate the highest revenue and be the fastest growing segment during the forecast period owing to the increasing amount of corporate data and customer critical information in this sector.
Key Players
The key players in the global big data security market are Check Point Software Technologies Ltd (Israel), Fortinet (US), Hewlett Packard Enterprise Company (US), IBM Corporation (US), McAfee, LLC (US), Symantec Corporation (US), FireEye, Inc. (US), Rapid7, Inc. (US), LogRhythm, Inc. (US), Proofpoint, Inc. (US).

Global Big Data Security Market Analysis and Forecast, 2017–2023
• To provide a detailed analysis of the market structure along with a forecast of the various segments and sub-segments of the big data security market
• To provide insights into factors affecting market growth
• To analyze the big data security market based on Porter’s Five Forces analysis
• To provide historical and forecast revenue of the market segments and sub-segments with respect to four main regions and their countries—North America, Europe, Asia-Pacific, and the rest of the world
• To provide country-level analysis of the market with respect to the current market size and future perspective
• To provide country-level analysis of the market for a segment on the basis of technology, component, deployment, organization size, end-user.
• To provide strategic profiling of the key players in the market, comprehensively analyzing their core competencies, and drawing a competitive landscape for the market
• To track and analyze competitive developments such as joint ventures, strategic alliances, mergers & acquisitions, new product developments, and research and development in the big data security market
Target Audience
• Investors and Consultants
• System Integrators
• Government Organizations
• Research/Consultancy firms
• Technology Solution Providers
• IT Solution Providers
Key Findings
• The global big data security market is expected to reach USD 36.5 billion by 2023.
• The identity and access accounted for the largest market share in 2017, with a market value of 5.08 billion and is projected to grow at a CAGR of 18.4% during the forecast period. The security information and event management segment accounted for the second largest market share valued at USD 3.99 billion in 2017; it is projected to register a CAGR of 14.3%.
• The service segment accounted for the largest market value of USD 8.49 Billion in 2017 and is projected to grow at a CAGR of 18.6% during the forecast period. The software segment accounted for the second largest market in 2017, valued at USD 5.83 billion; it is projected to grow at a CAGR of 14.2%.
• The cloud deployment segment accounted for the largest market value of USD 8.80 billion in 2017 and is projected to grow at a CAGR of 17.9% during the forecast period. The on-premise segment was the second largest market in 2017, valued at USD 5.53 billion; it is projected to grow at a CAGR of 15.3%.
• The large enterprises segment accounted for the largest market value of USD 9.06 billion in 2017 and is projected to grow at a CAGR of 15.0% during the forecast period. The small & medium enterprises (SME) segment accounted for the second largest market in 2017, valued at USD 5.27 billion; it is projected to grow at a CAGR of 19.9%.
• The BFSI segment accounted for the largest market value of USD 3.34 billion in 2017 and is projected to grow at a CAGR of 18.5% during the forecast period. The healthcare segment was the second largest market in 2017, valued at USD 2.76 billion; it is projected to grow at a CAGR of 17.9%.
• The market in North America is projected to be the largest during the assessment period, followed by Europe. The market in Asia-Pacific is expected to be the fastest growing during the forecast period.

Regional and Country-Level Analysis of the Big Data Security Market, Estimation and Forecast
North America is expected to be the largest revenue generating market for the global big data security market during the forecast period. This growth is attributed to the increasing number of vendors and organizations establishing their large operation base and customers in this region. Additionally, this region has developed economic countries present and are the early adopter of the big data technology. Europe accounts for the second position in the big data security market due to the increased investments in big data security and providing security infrastructure for SMEs. Asia-Pacific is expected to be the fastest growing market registering a CAGR of 19.1% owing to the significant growth opportunities for the new vendors.
The report also offers a brief country-level analysis for the various regional markets.
• North America
o US
o Canada
o Mexico
• Europe
o UK
o Germany
o France
o Rest of Europe
• Asia-Pacific
o China
o Japan
o India
o Rest of Asia-Pacific
• Rest of the World
o Middle East & Africa
o Latin America

Table of Contents

Table of Contents:

1 Executive Summary
2 Market Introduction
2.1 Definition
2.2 Scope of the Study
2.3 List of Assumptions
2.4 Market Structure
3 Market Insights
4 Research Methodology
4.1 Research Process
4.2 Primary Research
4.3 Secondary Research
4.4 Market Size Estimation
4.5 Forecast Model
5 Market Dynamics
5.1 Introduction
5.2 Drivers
5.2.1 Rising demand for scalable and high-security solutions
5.2.2 Increasing variety and volume of business data generated from various sources
5.3 Opportunities
5.3.1 Growing demand for third-party managed security service providers
5.4 Restraints
5.4.1 Lack of data security awareness
5.4.2 Lack of security expertise and skilled personnel
5.5 Value Chain Analysis
5.5.1 Software/Algorithm Developers
5.5.2 System Integrators
5.5.3 Service/Solution Providers
5.5.4 End Users
5.6 Porter’s Five Forces Model
5.6.1 Threat of New Entrants
5.6.2 Bargaining Power of Platform Suppliers
5.6.3 Bargaining Power of End-Users
5.6.4 Threat of Substitutes
5.6.5 Intensity of Rivalry
6 Global Big Data Security Market, By Technology
6.1 Overview
6.1.1 Identity and Access Management (IAM)
6.1.2 Security Information and Event Management (SIEM)
6.1.3 Unified Threat Management (UTM)
6.1.4 Intrusion Detection System (IDS)/Intrusion Prevention System (IPS)
7 Global Big Data Security Market, By Component
7.1 Overview
7.1.1 Software
7.1.1.1 Encryption
7.1.1.2 Data Masking
7.1.1.3 Access Control
7.1.1.4 Security Intelligence
7.1.1.5 Data Governance
7.1.2 Service
7.1.2.1 Professional Service
7.1.2.2 Managed Service
8 Global Big Data Security Market, By Deployment
8.1 Overview
8.1.1 Cloud
8.1.2 On-Premise
9 Global Big Data Security Market, By Organization Size
9.1 Overview
9.1.1 Small & Medium Enterprise (SME)
9.1.2 Large Enterprises
10 Global Big Data Security Market, By End-User
10.1 Overview
10.1.1 BFSI
10.1.2 Travel & Logistics
10.1.3 Healthcare
10.1.4 Government
10.1.5 Automotive
10.1.6 IT & Telecommunication
11 Big Data Security Market, By Region
11.1 Introduction
11.2 North America
11.2.1 U.S.
11.2.2 Canada
11.2.3 Mexico
11.3 Europe
11.3.1 Germany
11.3.2 U.K
11.3.3 France
11.3.4 Rest of Europe
11.4 Asia Pacific
11.4.1 China
11.4.2 Japan
11.4.3 India
11.4.4 Rest of Asia Pacific
11.5 Rest of the World
11.5.1 The Middle East & Africa
11.5.2 Latin America
12 Competitive Landscape
12.1 Competitive Landscape Overview
12.2 Competitive Benchmarking
13 Company Profiles
13.1 Check Point Software Technologies Ltd
13.1.1 Company Overview
13.1.2 Financial Overview
13.1.3 Solution/Service Offerings
13.1.4 SWOT Analysis
13.1.5 Key Strategy
13.2 Fortinet
13.2.1 Company Overview
13.2.2 Financial Overview
13.2.3 Product/Service Offerings
13.2.4 Key Developments
13.2.5 SWOT Analysis
13.2.6 Key Strategy
13.3 Hewlett Packard Enterprise Company
13.3.1 Company Overview
13.3.2 Financial Overview
13.3.3 Product/Solutions Offerings
13.3.4 Key Developments
13.3.5 SWOT Analysis
13.3.6 Key Strategy
13.4 IBM Corporation
13.4.1 Company Overview
13.4.2 Financial Overview
13.4.3 Solution/Service Offerings
13.4.4 Key Developments
13.4.5 SWOT Analysis
13.4.6 Key Strategy
13.5 McAfee, LLC
13.5.1 Company Overview
13.5.2 Financial Overview
13.5.3 Product/Service Offerings
13.5.4 Key Developments
13.5.5 SWOT Analysis
13.5.6 Key Strategy
13.6 Symantec Corporation
13.6.1 Company Overview
13.6.2 Financial Overview
13.6.3 Product/Service Offerings
13.6.4 Key Developments
13.6.5 SWOT Analysis
13.6.6 Key Strategy
13.7 FireEye, Inc.
13.7.1 Company Overview
13.7.2 Financial Overview
13.7.3 Solution/Service Offerings
13.7.4 Key Developments
13.7.5 SWOT Analysis
13.7.6 Key Strategy
13.8 Rapid7, Inc.
13.8.1 Company Overview
13.8.2 Financial Overview
13.8.3 Products/Service Offerings
13.8.4 Key Developments
13.8.5 SWOT Analysis
13.8.6 Key Strategy
13.9 LogRhythm, Inc.
13.9.1 Company Overview
13.9.2 Products/Solutions Offerings
13.9.3 Key Developments
13.9.4 SWOT Analysis
13.9.5 Key Strategy
13.10 Proofpoint, Inc.
13.10.1 Company Overview
13.10.2 Financial Overview
13.10.3 Products/Solutions Offerings
13.10.4 Key Developments
13.10.5 SWOT Analysis
13.10.6 Key Strategy
14 Conclusion
14.1 Key Findings
14.1.1 Key Companies to Watch
15 Appendix
15.1 Discussion Blue Print

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