Meticulous Research® – leading global market research company is researching on market titled “Big Data Security Market by Product Offering (Software, Services), End-use Industry (BFSI, Government, Energy & Utilities, Healthcare, Manufacturing, Retail, Telecom & IT, Transportation & Logistics, Other), Technology (IAM, SIEM, UTM, IDS/ IPS, UTM, Others), Organization Type (Small & Medium Enterprises, Large Enterprises), and Region – Global Forecast to 2025’’.
E-commerce industry is witnessing some dynamic but positive changes. The e-commerce sector has seen unprecedented growth in the past few years. The growth was driven by rapid technology adoption led by the increasing use of devices such as smartphones and tablets and access to the internet through broadband, 4G, etc., which led to an increased online consumer base. Furthermore, favored demographics and growing internet user base helped aid this growth. Moreover, there are five ways with which big data will continue changing the face of e-commerce, such as increased shopper analysis, improved customer service, easier and more secure online payments, continued advances in mobile commerce, and virtual reality advancements in the retail world. Therefore, growing e-commerce industry is expected to propel the growth of the global big data security market significantly in the next few years.
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The big data security market study presents historical market data in terms of value (2017 and 2018), estimated current data (2019), and forecasts for 2025 – by product offering, end-use industry, application, organization size, and vertical. The study also evaluates industry competitors and analyzes the market at regional and country level.
BFSI End Use Segment is Expected to Dominate the Market during the Forecast Period
Based on Vertical, the big data security market is segmented into BFSI, government, energy & utilities, healthcare, manufacturing, retail, telecom & IT, transportation & logistics, and others. In 2018, BFSI accounted for the largest share of the global big data security market. The large share of this segment is attributed to the increasing corporate data, customer transactions, and critical information of the customer; increasing use of cloud-deployed online services; rising need for minimizing the risks and frauds that occur every day; and growing need for cost-effective and accessible solutions.
Asia-Pacific: The Fastest Growing Regional Market
North America commanded the largest share of the global big data security market in 2018, followed by Europe, Asia-Pacific, Middle East & Africa, and Latin America. However, Asia-Pacific is the fastest growing regional market due to the increasing investments; growing adoption of emerging technologies; developing IT infrastructure; rapid developing economies such as China, India, Singapore, and Malaysia; rise in cybersecurity attacks in the past few years; and significant growth opportunities for the new vendors.
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Key Players in the Big Data Security Market
The report includes an extensive assessment of the key strategic developments adopted by leading market participants in the industry over the past 4 years (2016-2019). For instance, in February 2017, IBM Corporation has acquired Agile 3 Solutions. This acquisition provided IBM another tool in its security arsenal to provide more valuable insight to key decision makers, which is expected to help them sell more security services.
The major players operating in the global big data security market are AlienVault, Inc. (U.S.), Amazon Web Services(U.S.), Centrify Corporation (U.S.), Check Point Software Technologies Ltd. (Israel), Cloudera, Inc. (U.S.), DataVisor, Inc. (U.S.), Dell Technologies Inc. (U.S.), FireEye, Inc. (U.S.), Fortinet, Inc. (U.S.), Gemalto NV (Netherlands), Hewlett Packard Enterprise Company (U.S.), Hortonworks, Inc. (U.S.), IBM Corporation (U.S.), Imperva, Inc. (U.S.), Informatica Corporation (U.S.), LogRhythm, Inc. (U.S.), McAfee, LLC (U.S.), Microsoft Corporation (U.S.), Oracle Corporation (U.S.), Pivotal Software, Inc. (U.S.), Proofpoint, Inc. (U.S.), Rapid7, Inc. (U.S.), Symantec Corporation(U.S.), and Zettaset, Inc (U.S.).
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