The global big data security market size was US$ 19,451.0 million in 2021. The global big data security market is forecast to grow to US$ 77,211.9 million by 2030 by growing at a compound annual growth rate (CAGR) of 17.9% during the forecast period from 2022 to 2030. 

Factors Influencing the Market

Big data technologies can be a solution to various problems. The technology help overcomes challenges efficiently, and the growing digitalization across all verticals will boost the growth of the big data security market during the forecast period. 

The fact that business organizations are relying more on technologies to store their consumer or client data, majorly for the purpose of analysis and visualization, will drive the growth of the market during the forecast period. 

The failure of traditional data mining and cyber-attack protection techniques is expected to boost the demand for the big data security market/. Furthermore, cybersecurity professionals are increasingly shifting to big data analytics, which will contribute to the overall market growth. On the contrary, varying environments of big data technology may limit the growth of the market during the study period. 

Ongoing advancements in big data technology are expected to bring lucrative opportunities for industry growth during the forecast period.

COVID-19 Impact Analysis

The COVID pandemic has positively affected the big data security market as enterprises shifted towards digital methods to store and secure their data. Furthermore, it also surged data production, which soared the chances of cyberattacks. As a result, strict policies for data storage and constant risk monitoring for breaches escalated the demand for big data security. 

Regional Analysis

Globally, the Asia-Pacific market for big data security is forecast to emerge as the largest market. It is owing to the large scope of industry in emerging economies like China, Japan, India, etc. Furthermore, the presence of a wide range of enterprises adopting digital solutions to enhance security will bolster market growth. The global big data security market will also be driven by the growing deployment of cloud-based services, which increases the demand for high-end security. Furthermore, the fact that big data security can assist organizations in reducing costs linked with expensive hardware storage, cooling, and power will drive the market forward. 

Competitors in the Market

• IBM Corporation
• Amazon Web Services Inc.
• Oracle Corporation
• Microsoft Corporation
• Google LLC
• HPE
• Checkpoint Software Technologies Inc.
• Fireeye Inc.
• Talend Inc.,
• Micro Focus Plc
• Other Prominent Players

Market Segmentation

The global big data security market segmentation focuses on Solution, Deployment, Organization, Industry Vertical, and Region. 

By Solution Outlook

• Data Discovery and Classification
• Data Authorization and Access
• Data Encryption, Tokenization, and Masking
• Data Auditing and Monitoring
• Data Governance and Compliance
• Data Security Analytics
• Data Backup and Recovery

By Deployment Mode Outlook

• On-premise
• Cloud

By Organization Size Outlook

• Large Enterprise
• Small and Medium Enterprise

By Industry Vertical Outlook

• IT and ITES
• Telecommunications
• Healthcare and Pharmaceuticals
• Financial and Insurance
• Retail Trade
• Utilities
• Others

By Regional Outlook

• North America
• The U.S.
• Canada
• Mexico
• Europe
• Western Europe
• The UK
• Germany
• France
• Italy
• Spain
• Rest of Western Europe
• Eastern Europe
• Poland
• Russia
• Rest of Eastern Europe
• Asia Pacific
• China
• India
• Japan
• Australia & New Zealand
• ASEAN
• Rest of Asia Pacific
• Middle East & Africa (MEA)
• UAE
• Saudi Arabia
• South Africa
• Rest of MEA
• South America
• Brazil
• Argentina
• Rest of South America