HOME Top Market Reports Big Data Security Market by Software (Encryption, Data Masking, Access Control, Security Intelligence, Data Governance), Technology (IAM, SIEM, UTM, IDS/IPS), Service, Deployment, Organization Size, and Industry Vertical -Global Forecast to 2022

Big Data Security Market by Software (Encryption, Data Masking, Access Control, Security Intelligence, Data Governance), Technology (IAM, SIEM, UTM, IDS/IPS), Service, Deployment, Organization Size, and Industry Vertical -Global Forecast to 2022

By: marketsandmarkets.com
Publishing Date: September 2017
Report Code: TC 5592

 

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The big data security market size is expected to grow from USD 10.63 Billion in 2016 to USD 26.85 Billion by 2022, at a Compound Annual Growth Rate (CAGR) of 17.1%. The major growth drivers of the market include increasing variety of business data and volumes generated from various sources and the increasing cyberattacks demanding more scalable high security solutions. The base year considered for this report is 2016, and the market forecast period is 2017–2022.

Objectives of the Study

The main objective of the report is to define, describe, and forecast the global big data security market on the basis of components (software and services), technologies (IAM, SIEM, UTM, IDS/IPS), types of data (data at rest and data in motion), deployment models, organization sizes, industry verticals, and regions. The report provides detailed information regarding the major factors influencing the growth of the big data security market (drivers, restraints, opportunities, and industry-specific challenges). The report aims to strategically analyze micromarkets with respect to individual growth trends, future prospects, and contributions to the total market. The report attempts to forecast the market size with respect to 5 main regions, namely, North America, Europe, Asia Pacific (APAC), Middle East and Africa (MEA), and Latin America. The report strategically profiles key players and comprehensively analyzes their core competencies. It also tracks and analyzes competitive developments, such as partnerships, collaborations, and agreements; mergers and acquisitions; new product launches and new product developments; and Research and Development (R&D) activities in the big data security market.

Research Methodology

The research methodology used to estimate and forecast the big data security market begins with capturing data on key vendor revenues through secondary research, which includes directories and databases (D&B Hoovers, Bloomberg Businessweek, and Factiva). The vendor offerings have also been taken into consideration to determine the market segmentation. The bottom-up procedure was employed to arrive at the overall market size of the global market that was derived from the revenue of the key players in the market. After arriving at the overall market size, the total market was split into several segments and subsegments, which were then verified through primary research by conducting extensive interviews with key people, such as Chief Executive Officers (CEOs), Vice Presidents (VPs), directors, and executives. The data triangulation and market breakdown procedures were employed to complete the overall market engineering process and arrive at the exact statistics for all segments and subsegments. The breakdown of the profiles of primary participants is depicted in the figure below:

Big Data Security Market

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The big data Security ecosystem comprises vendors such as IBM (US), Microsoft (US), Oracle (US), Amazon Web Services (US), HPE (US), Gemalto (Netherlands), Cloudera (US), Informatica (US), DataVisor, Inc. (US), Hortonworks (US), Symantec (US), Pivotal (US), Zettaset (US), McAfee (US), Thales e-Security (France), Centrify Corporation (US), Check Point Software Technologies (Israel), Gigamon (US), Rapid7 (US), Proofpoint (US), Fortinet (US), Imperva (US), AlienVault (US), FireEye (US), and LogRhythm (US). Other stakeholders of the big data security market include network and system integrators, big data security managed service providers, cloud providers, marketing analytics executives, third-party providers, and technology providers.

Big Data Security Key Target Audience:

  • Service providers and distributors
  • Big data security application builders
  • Independent Software Vendors (ISVs)
  • Analytics consulting companies
  • Enterprises
  • End-users

“The study answers several questions for the stakeholders, primarily which market segments to focus on in the next 2–5 years for prioritizing efforts and investments.”

Scope of the Report

The research report categorizes the big data security market to forecast the revenues and analyze trends in each of the following subsegments:

By Component

  • Software
    • Encryption, tokenization, and data masking
    • Backup and recovery
    • Access control
    • Security intelligence
    • Big data governance
    • Others (audit and reporting, big data discovery and classification)
  • Service
    • Managed services
    • Professional services
      • Support and maintenance
      • Consulting services
      • Education and training

By Technology

  • Identity and Access Management (IAM)
  • Security Information and Event Management (SIEM)
  • Intrusion Detection System/Intrusion Prevention System (IDS/IPS)
  • Unified Threat Management (UTM)
  • Others (Data Loss Prevention (DLP) and security and vulnerability management)

By Type of Data

  • Data-at-rest
  • Data-in-motion

By Deployment Model

  • On-premises
  • Cloud

By Organization Size

  • Small and Medium Enterprises (SMEs)
  • Large enterprises

By Industry Vertical

  • BFSI
  • Telecommunication and IT
  • Retail and eCommerce
  • Healthcare and Life Sciences
  • Manufacturing
  • Government and defense
  • Energy and utilities
  • Media and entertainment
  • Others (transportation and logistics, travel and hospitality, and education)

By Region

  • North America
    • US
    • Canada
  • Europe
    • UK
    • Germany
    • France
    • Italy
    • Rest of Europe
  • APAC
    • Japan
    • India
    • Singapore
    • Australia
  • Latin America
    • Brazil
    • Mexico
  • MEA

Available Customizations

With the given market data, MarketsandMarkets offers customizations as per the company’s specific needs. The following customization options are available for the report:

Product Analysis

  • Product matrix gives a detailed comparison of the product portfolio of each company

Geographic Analysis

  • Further breakdown of the North American big data security market
  • Further breakdown of the European market
  • Further breakdown of the APAC market
  • Further breakdown of the Latin American market
  • Further breakdown of the MEA market

Company Information

  • Detailed analysis and profiling of additional market players (up to 5)

Table of Contents

1 Introduction (Page No. - 17)
    1.1 Objectives of the Study
    1.2 Market Definition
    1.3 Market Scope
    1.4 Years Considered for the Study
    1.5 Currency
    1.6 Stakeholders

2 Research Methodology (Page No. - 20)
    2.1 Research Data
           2.1.1 Secondary Data
           2.1.2 Primary Data
                    2.1.2.1 Breakdown of Primaries
                    2.1.2.2 Key Industry Insights
    2.2 Market Size Estimation
    2.3 Microquadrant Research Methodology
           2.3.1 Vendor Inclusion Criteria
    2.4 Research Assumptions
    2.5 Limitations

3 Executive Summary (Page No. - 28)

4 Premium Insights (Page No. - 33)
    4.1 Attractive Opportunities in the Big Data Security Market
    4.2 Market Share, By Region
    4.3 Market By Industry Vertical and Region
    4.4 Life Cycle Analysis, By Region, 2017

5 Market Overview and Industry Trends (Page No. - 35)
    5.1 Introduction
    5.2 Market Dynamics
           5.2.1 Drivers
                    5.2.1.1 Increasing Variety and Volume of Business Data Generated From Various Sources
                    5.2.1.2 Evolving Regulatory Landscape
                    5.2.1.3 Increasing Cyber-Attacks Demand for Scalable High Security Solutions
           5.2.2 Restraints
                    5.2.2.1 Lack of Data Security Awareness
                    5.2.2.2 Low Data Security Budget and High Installation Cost of Solutions
           5.2.3 Opportunities
                    5.2.3.1 Growing Demand for Third-Party Managed Security Service Providers
                    5.2.3.2 Growing Demand From Smes
           5.2.4 Challenges
                    5.2.4.1 Lack of Security Expertise and Skilled Personnel
    5.3 Big Data Security Analysis, By Type of Data
           5.3.1 Data-At-Rest
           5.3.2 Data in Motion
    5.4 Industry Trends
           5.4.1 Big Data Security Use Cases
                    5.4.1.1 Use Case #1: Improved Analysis and Monitoring of Daily Reports
                    5.4.1.2 Use Case #2: Delivering A Competitive Edge Through Unified Security
                    5.4.1.3 Use Case #3: Securing the Erecruitments
                    5.4.1.4 Use Case #4: Implementing IAM to Address the Critical Business Issues
    5.5 Regulatory Implications
           5.5.1 Sarbanes-Oxley Act of 2002
           5.5.2 General Data Protection Regulation (GDPR)
           5.5.3 Basel
           5.5.4 Governance, Risk, and Compliance (GRC)
           5.5.5 EU Data Protection Regulation
           5.5.6 Hitech
           5.5.7 Health Insurance Portability and Accountability Act

6 Big Data Security Market Analysis, By Component (Page No. - 43)
    6.1 Introduction
    6.2 Software
           6.2.1 Encryption, and Tokenization and Data Masking
           6.2.2 Backup and Recovery
           6.2.3 Access Control
           6.2.4 Security Intelligence
           6.2.5 Big Data Governance
           6.2.6 Others
    6.3 Services
           6.3.1 Managed Services
           6.3.2 Professional Services
                    6.3.2.1 Support and Maintenance
                    6.3.2.2 Consulting
                    6.3.2.3 Education and Training

7 Big Data Security Market Analysis, By Technology (Page No. - 58)
    7.1 Introduction
    7.2 Identity and Access Management
    7.3 Security Information and Event Management
    7.4 Intrusion Detection System/Intrusion Prevention System (IDS/IPS)
    7.5 Unified Threat Management
    7.6 Others

8 Big Data Security Market Analysis, By Deployment Model (Page No. - 64)
    8.1 Introduction
    8.2 On-Premises
    8.3 Cloud

9 Big Data Security Market Analysis, By Organization Size (Page No. - 68)
    9.1 Introduction
    9.2 Small and Medium-Sized Enterprises
    9.3 Large Enterprises

10 Big Data Security Market Analysis, By Industry Vertical (Page No. - 72)
     10.1 Introduction
     10.2 Banking, Financial Services, and Insurance
     10.3 Telecommunications and IT
     10.4 Retail and Ecommerce
     10.5 Healthcare and Life Sciences
     10.6 Manufacturing
     10.7 Government and Defense
     10.8 Energy and Utilities
     10.9 Media and Entertainment
     10.10 Others

11 Geographic Analysis (Page No. - 83)
     11.1 Introduction
     11.2 North America
             11.2.1 By Component
             11.2.2 By Technology
             11.2.3 By Deployment Model
             11.2.4 By Organization Size
             11.2.5 By Industry Vertical
             11.2.6 By Country
                        11.2.6.1 United States
                        11.2.6.2 Canada
     11.3 Europe
             11.3.1 By Component
             11.3.2 By Technology
             11.3.3 By Deployment Model
             11.3.4 By Organization Size
             11.3.5 By Industry Vertical
             11.3.6 By Country
                        11.3.6.1 United Kingdom
                        11.3.6.2 Germany
                        11.3.6.3 France
                        11.3.6.4 Rest of Europe
     11.4 Asia Pacific
             11.4.1 By Component
             11.4.2 By Technology
             11.4.3 By Deployment Model
             11.4.4 By Organization Size
             11.4.5 By Industry Vertical
             11.4.6 By Country
                        11.4.6.1 China
                        11.4.6.2 Singapore
                        11.4.6.3 ANZ
                        11.4.6.4 Rest of Asia Pacific
     11.5 Middle East and Africa
             11.5.1 By Component
             11.5.2 By Technology
             11.5.3 By Deployment Model
             11.5.4 By Organization Size
             11.5.5 By Industry Vertical
             11.5.6 By Country
                        11.5.6.1 Kingdom of Saudi Arabia
                        11.5.6.2 United Arab Emirates (UAE)
                        11.5.6.3 South Africa
                        11.5.6.4 Rest of Middle East and Africa
     11.6 Latin America
             11.6.1 By Component
             11.6.2 By Technology
             11.6.3 By Deployment Model
             11.6.4 By Organization Size
             11.6.5 By Industry Vertical
             11.6.6 By Country
                        11.6.6.1 Brazil
                        11.6.6.2 Mexico
                        11.6.6.3 Rest of Latin America

12 Company Profiles (Page No. - 112)
     12.1 Oracle Corporation
(Overview, Strength of Product Portfolio, Business Strategy Excellence, and Recent Developments)*
     12.2 Microsoft Corporation
     12.3 Symantec Corporation
     12.4 IBM Corporation
     12.5 Amazon Web Services
     12.6 Hewlett Packard Enterprise
     12.7 Gemalto NV
     12.8 Cloudera, Inc.
     12.9 Hortonworks Inc.
     12.10 Mcafee, LLC
     12.11 Check Point Software Technologies Ltd.
     12.12 Pivotal Software, Inc.
     12.13 Zettaset, Inc.
     12.14 Thales E-Security
     12.15 Centrify Corporation
     12.16 Imperva, Inc.

*Details on Overview, Strength of Product Portfolio, Business Strategy Excellence, and Recent Developments Might Not Be Captured in Case of Unlisted Companies.

13 Appendix (Page No. - 157)
     13.1 Key Insights of Industry Experts
     13.2 Discussion Guide
     13.3 Knowledge Store: Marketsandmarkets’ Subscription Portal
     13.4 Introducing RT: Real-Time Market Intelligence
     13.5 Available Customization
     13.6 Related Reports
     13.7 Author Details


List of Tables (83 Tables)

Table 1 United States Dollar Exchange Rate, 2014–2016
Table 2 Evaluation Criteria
Table 3 Big Data Security Market Size and Growth, 2015–2022 (USD Billion, Y-O-Y %)
Table 4 Big Data Security Market Size, By Component, 2015–2022 (USD Million)
Table 5 Software: Market Size, By Region, 2015–2022 (USD Million)
Table 6 Software: Market Size, By Type, 2015–2022 (USD Million)
Table 7 Encryption, and Tokenization and Data Masking Market Size, By Region, 2015–2022 (USD Million)
Table 8 Backup and Recovery Market Size, By Region, 2015–2022 (USD Million)
Table 9 Access Control Market Size, By Region, 2015–2022 (USD Million)
Table 10 Security Intelligence Market Size, By Region, 2015–2022 (USD Million)
Table 11 Big Data Governance Market Size, By Region, 2015–2022 (USD Million)
Table 12 Others Market Size, By Region, 2015–2022 (USD Million)
Table 13 Services: Market Size, By Region, 2015–2022 (USD Million)
Table 14 Services: Market Size, By Type, 2015–2022 (USD Million)
Table 15 Managed Services Market Size, By Region, 2015–2022 (USD Million)
Table 16 Professional Services Market Size, By Region, 2015–2022 (USD Million)
Table 17 Professional Services Market Size, By Type, 2015-2022 (USD Million)
Table 18 Support and Maintenance Services Market Size, By Region, 2015–2022 (USD Million)
Table 19 Consulting Services Market Size, By Region, 2015–2022 (USD Million)
Table 20 Education and Training Services Market Size, By Region, 2015–2022 (USD Million)
Table 21 Big Data Security Market Size, By Technology, 2015–2022 (USD Million)
Table 22 Identity and Access Management: Market Size, By Region, 2015–2022 (USD Million)
Table 23 Security Information and Event Management: Market Size, By Region, 2015–2022 (USD Million)
Table 24 Intrusion Detection System/Intrusion Prevention System: Market Size, By Region, 2015–2022 (USD Million)
Table 25 Unified Threat Management: Market Size, By Region, 2015–2022 (USD Million)
Table 26 Others: Market Size, By Region, 2015–2022 (USD Million)
Table 27 Big Data Security Market Size, By Deployment Model, 2015–2022 (USD Billion)
Table 28 On-Premises: Market Size, By Region, 2015–2022 (USD Million)
Table 29 Cloud: Market Size, By Region, 2015–2022 (USD Million)
Table 30 Big Data Security Market Size, By Organization Size, 2015–2022 (USD Billion)
Table 31 Small and Medium-Sized Enterprises: Market Size, By Region, 2015–2022 (USD Million)
Table 32 Large Enterprises: Market Size, By Region, 2015–2022 (USD Million)
Table 33 Big Data Security Market Size, By Industry Vertical, 2015–2022 (USD Million)
Table 34 Banking, Financial Services, and Insurance: Market Size, By Region, 2015–2022 (USD Million)
Table 35 Telecommunications and IT: Market Size, By Region, 2015–2022 (USD Million)
Table 36 Retail and Ecommerce: Market Size, By Region, 2015–2022 (USD Million)
Table 37 Healthcare and Life Sciences: Market Size, By Region, 2015–2022 (USD Million)
Table 38 Manufacturing: Market Size, By Region, 2015–2022 (USD Million)
Table 39 Government and Defense: Market Size, By Region, 2015–2022 (USD Million)
Table 40 Energy and Utilities: Market Size, By Region, 2015–2022 (USD Million)
Table 41 Media and Entertainment: Market Size, By Region, 2015–2022 (USD Million)
Table 42 Others: Market Size, By Region, 2015–2022 (USD Million)
Table 43 Big Data Security Market Size, By Region, 2015–2022 (USD Billion)
Table 44 North America: Market Size, By Component, 2015–2022 (USD Million)
Table 45 North America: Market Size, By Software, 2015–2022 (USD Million)
Table 46 North America: Market Size, By Service, 2015–2022 (USD Million)
Table 47 North America: Market Size, By Professional Service, 2015–2022 (USD Million)
Table 48 North America: Market Size, By Technology, 2015–2022 (USD Million)
Table 49 North America: Market Size, By Deployment Model, 2015–2022 (USD Million)
Table 50 North America: Market Size, By Organization Size, 2015–2022 (USD Million)
Table 51 North America: Market Size, By Industry Vertical, 2015–2022 (USD Million)
Table 52 Europe: Big Data Security Market Size, By Component, 2015–2022 (USD Million)
Table 53 Europe: Market Size, By Software, 2015–2022 (USD Million)
Table 54 Europe: Market Size, By Service, 2015–2022 (USD Million)
Table 55 Europe: Market Size, By Professional Service, 2015–2022 (USD Million)
Table 56 Europe: Market Size, By Technology, 2015–2022 (USD Million)
Table 57 Europe: Market Size, By Deployment Model, 2015–2022 (USD Million)
Table 58 Europe: Market Size, By Organization Size, 2015–2022 (USD Million)
Table 59 Europe: Market Size, By Industry Vertical, 2015–2022 (USD Million)
Table 60 Asia Pacific: Big Data Security Market Size, By Component, 2015–2022 (USD Million)
Table 61 Asia Pacific: Market Size, By Software, 2015–2022 (USD Million)
Table 62 Asia Pacific: Market Size, By Service, 2015–2022 (USD Million)
Table 63 Asia Pacific: Market Size, By Professional Service, 2015–2022 (USD Million)
Table 64 Asia Pacific: Market Size, By Technology, 2015–2022 (USD Million)
Table 65 Asia Pacific: Market Size, By Deployment Model, 2015–2022 (USD Million)
Table 66 Asia Pacific: Market Size, By Organization Size, 2015–2022 (USD Million)
Table 67 Asia Pacific: Market Size, By Industry Vertical, 2015–2022 (USD Million)
Table 68 Middle East and Africa: Big Data Security Market Size, By Component, 2015–2022 (USD Million)
Table 69 Middle East and Africa: Market Size, By Software, 2015–2022 (USD Million)
Table 70 Middle East and Africa: Market Size, By Service, 2015–2022 (USD Million)
Table 71 Middle East and Africa: Market Size, By Professional Service, 2015–2022 (USD Million)
Table 72 Middle East and Africa: Market Size, By Technology, 2015–2022 (USD Million)
Table 73 Middle East and Africa: Market Size, By Deployment Model, 2015–2022 (USD Million)
Table 74 Middle East and Africa: Market Size, By Organization Size, 2015–2022 (USD Million)
Table 75 Middle East and Africa: Market Size, By Industry Vertical, 2015–2022 (USD Million)
Table 76 Latin America: Big Data Security Market Size, By Component, 2015–2022 (USD Million)
Table 77 Latin America: Market Size, By Software, 2015–2022 (USD Million)
Table 78 Latin America: Market Size, By Service, 2015–2022 (USD Million)
Table 79 Latin America: Market Size, By Professional Service, 2015–2022 (USD Million)
Table 80 Latin America: Market Size, By Technology, 2015–2022 (USD Million)
Table 81 Latin America: Market Size, By Deployment Model, 2015–2022 (USD Million)
Table 82 Latin America: Market Size, By Organization Size, 2015–2022 (USD Million)
Table 83 Latin America: Market Size, By Industry Vertical, 2015–2022 (USD Million)


List of Figures (43 Figures)

Figure 1 Big Data Security Market Segmentation
Figure 2 Market Region Segmentation
Figure 3 Market Research Design
Figure 4 Data Triangulation
Figure 5 Market Size Estimation Methodology: Bottom-Up Approach
Figure 6 Market Size Estimation Methodology: Top-Down Approach
Figure 7 Big Data Security Market: Assumptions
Figure 8 Big Data Security Market is Poised to Witness Growth in the Global Market During the Forecast Period
Figure 9 Market Snapshot, By Component (2017 vs 2022)
Figure 10 Market Snapshot, By Service (2017)
Figure 11 Market Snapshot, By Technology, USD Billion (2017 vs 2022)
Figure 12 Market Snapshot, By Deployment Model (2017)
Figure 13 Market Snapshot, By Industry Vertical (2017 vs 2022)
Figure 14 Market is Driven By the Need for Advanced Analytics By Businesses for Future Estimation
Figure 15 North America is Expected to Have the Largest Market Share in 2017 Because of the Early Adoption of Big Data Security Solutions and Services in This Region
Figure 16 Manufacturing Industry Vertical and North America are Expected to Have the Largest Market Shares in 2017
Figure 17 Asia Pacific to Have an Exponential Growth During the Forecast Period
Figure 18 Big Data Security Market: Drivers, Restraints, Opportunities, and Challenges
Figure 19 Services Component is Expected to Grow at A Higher CAGR During the Forecast Period
Figure 20 Security Intelligence Software is Expected to Grow at the Highest CAGR During the Forecast Period
Figure 21 Managed Services Segment is Expected to Grow at A Higher CAGR During the Forecast Period
Figure 22 Consulting Services Segment is Expected to Grow at the Highest CAGR During the Forecast Period
Figure 23 Identity and Access Management Technology is Expected to Grow at the Highest CAGR During the Forecast Period
Figure 24 Cloud Deployment Model is Expected to Grow at A Higher CAGR During the Forecast Period
Figure 25 Small and Medium-Sized Enterprises Segment is Expected to Grow at A Higher CAGR During the Forecast Period
Figure 26 Manufacturing Industry Vertical is Expected to Grow at the Highest CAGR During the Forecast Period
Figure 27 North America is Expected to Have the Largest Market Size During the Forecast Period
Figure 28 Number of Data Breach Incidences, By Source, 2016
Figure 29 Number of Data Breach Incidences, By Type, 2016
Figure 30 North America: Market Snapshot
Figure 31 Asia Pacific: Market Snapshot
Figure 32 Oracle: Company Snapshot
Figure 33 Microsoft: Company Snapshot
Figure 34 Symantec: Company Snapshot
Figure 35 IBM: Company Snapshot
Figure 36 Amazon Web Services: Company Snapshot
Figure 37 HPE: Company Snapshot
Figure 38 Gemalto: Company Snapshot
Figure 39 Cloudera: Company Snapshot
Figure 40 Hortonworks: Company Snapshot
Figure 41 Check Point Software Technologies: Company Snapshot
Figure 42 Thales E-Security: Company Snapshot
Figure 43 Imperva: Company Snapshot

The big data security market is projected to grow from USD 12.22 Billion in 2017 to USD 26.85 Billion by 2022, at a high Compound Annual Growth Rate (CAGR) of 17.1% during the forecast period. Rapidly evolving regulatory landscape, increasing variety and volume of business data generated from multiple sources, and rising cyber-attacks demanding highly scalable security solutions are propelling the growth of the big data security market.

The big data security report provides detailed insights into the global market, which is segmented on basis of components, technologies, deployment models, organization sizes, industry verticals, and regions. Each of these markets are further subsegmented and analyzed based on current adoption trends and future market scenario. In the market by component, the software segment is expected to hold the largest market share throughout the forecast period, as a variety of software solutions form a strong line of defense to challenge different data threats that are directed toward the digital assets of any organization. Security intelligence software solution is expected to be the fastest growing market during the forecast period, as the solution quickly assesses and prioritizes the vulnerabilities and eliminates the weaknesses of the network security.

The cloud deployment model has higher adoption rate than the on-premises deployment model and this trend is expected to continue throughout the forecast period. Cloud based solutions are majorly deployed by large enterprises owing to various factors, including reduced operational costs, simple deployments, and higher scalability. Cloud based big data security solutions are expected to grow with at the highest CAGR during the forecast period. Among organization sizes, increasing adoption can be observed among large enterprises and the segment is expected to continue its dominating market position during the forecast period. The Small and Medium-sized Enterprises (SMEs), with increasing focus on the improvement of customer experience, are likely to have the highest growth rate during the said period.

The Banking, Financial Services, and Insurance (BFSI) industry vertical is expected to have the dominant market share throughout the forecast period owing to the increasing corporate data and customer critical information in this sector. In addition, the increasing customer transactions outside the branch through multiple channels such as web, chat, mobile, and social media, lead to higher adoption of big data security solutions.

Big Data Security Market

The report provides in-depth analysis of different geographic regions and covers all the major aspects across North America, Europe, Asia Pacific (APAC), Middle East and Africa (MEA), and Latin America. Countries in North America such as the US and Canada are the forerunners in the adoption of advanced security solutions. North America is the home for most of the vendors and organizations with large operation base and customers. Having developed economies and being the early adopters of the technology, the region has witnessed significant adoption of cloud-based security solutions, especially in large enterprises. North America is expected to dominate the market throughout the forecast period in terms of revenue generation. However, APAC is projected to provide significant growth opportunities for the vendors, and is expected to grow at the highest CAGR during the forecast period.

Lack of data security awareness, low data security budget, and high installation costs are the restraining factors for the growth of the big data security market. Lack of security expertise and skilled personnel is one of the major challenges affecting the growth of global market specially in developing regions.

Vendors operating in the global market have adopted several organic and inorganic strategies such as acquisitions, collaborations and partnerships, new product launches and product developments to enhance their client base and customer experience. For instance, in September 2016, Oracle acquired Palerra, one of the notable players in the big data security market. Palerra’s product, LORIC, would help Oracle’s wide customer base to secure their applications and data across multiple cloud services, thereby enhancing Oracle’s market reach.  The partnership strategy has also been adopted widely by the topnotch players to enhance their market reach and provide innovative security solutions. For example, in May 2016, SAP SE and Microsoft entered into a partnership to deliver broader support for the SAP HANA platform.

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