Global Big Data Security Market Growth, Trends, Impact of COVID-19 and Forecast 2021-2026: Strong Demand for Data Security in Manufacturing to Drive Market Growth – ResearchAndMarkets.com
DUBLIN – (COMMERCIAL THREAD)–The “Big Data Security Market – Growth, Trends, Impact of COVID-19 and Forecast (2021 – 2026)” report was added to ResearchAndMarkets.com offer.
The big data security market was worth USD 14.90 billion in 2020 and is expected to reach USD 38.23 billion by 2026, with a CAGR of 17.1% over the forecast period 2021 – 2026. Security is a significant concern that prevents companies from opting for big data deployments on-premises or hosted in cloud or virtual environments.
Traditional techniques and technologies for data mining and cyberattack protection are simply not enough for many businesses, especially those dealing with such large volumes of data. As a result, cybersecurity professionals are increasingly turning to big data analytics. Because data travels a roundabout route from a data source to data storage and analysis, the big data environment is vulnerable in a number of ways and is a valuable target for intruders.
Although companies deploy big data platforms using the open source Hadoop framework or other sources, the frameworks lack comprehensive security plans. The inherent mechanisms have limits which may not be sufficiently secure by data encryption alone. This requires the security of Big Data in enterprises.
Workers have been asked to work from home due to government limitations established in response to the COVID outbreak. As a result, technology has become more and more vital in professional and private life. However, despite the growing need for technology, many organizations still do not provide a “cyber-secure” remote working environment in which their employees can work. While most business meetings were held in person, they are now held virtually.
The Swiss National Center for Cybersecurity (NCSC) announced in June 2020 that 350 cyberattacks had been reported in Switzerland in April, up from a norm of 100-150. In addition to the COVID pandemic, more and more people are working from home as they do not have the same level of protection / deterrence as those working in an office (e.g. internet security).
Key market trends
The manufacturing sector remains a vital part of the global economic engine, but the roles it plays in advanced and developing economies have changed dramatically. Big Data is essential to achieve productivity and efficiency gains and to discover new knowledge to stimulate innovation.
Governments in all regions, such as Germany, the United States, China, and India, are focusing on smart manufacturing techniques by increasing automation and industrial control systems (ICS) (like SCADA, DCS, PLC). These techniques create a connected and automated environment and increase operational efficiency by using data from sensors and other industrial control devices.
The same industry trends that are streamlining manufacturing, such as the Internet of Things (IoT) and BYOD, also exponentially increase the potential for cyber attacks. Such attacks can damage the reputation of a manufacturing company. If the breach is serious enough, a business might never recoup its losses simply because it failed to take appropriate data security measures.
Cyber security risks for the manufacturing sector include everything from operational downtime and physical damage to product manipulation and theft of intellectual property and sensitive data. Although the growth of industry 4.0 practices in manufacturing industries provides more opportunities for big data analysis during the forecast period, security threats are reported as the top concerns for manufacturers. The aforementioned factors can discourage companies from integrating digital capabilities, thus creating a place for big data security solutions.
Main topics covered:
2 RESEARCH METHODOLOGY
3 EXECUTIVE SUMMARY
4 MARKET DYNAMICS
4.1 Market overview
4.2 Introduction to Market Drivers and Constraints
4.3 Market drivers
4.3.1 Increase in the variety and volume of business data generated from various sources
4.3.2 Increasing demand from cyber attacks for scalable high security solutions
4.3.3 Growth of e-commerce industry
4.4 Market restrictions
4.4.1 Lack of data security awareness
4.4.2 Low data security budget and high installation cost of the solution
4.4.3 Lack of security expertise and qualified personnel
4.5 Industry Attractiveness – Porter’s Five Forces Analysis
4.6 Impact of Covid-19 on the market
5 MARKET SEGMENTATION
6 COMPETITIVE LANDSCAPE
Amazon Web Services
Broadcom Inc. (Symantec Corporation)
Hewlett Packard Enterprise
Thales Group (Gemalto NV)
Centrify the company
Check Point Software Technologies Ltd
7 INVESTMENT ANALYSIS
8 MARKET OPPORTUNITIES AND FUTURE TRENDS
For more information on this report, visit https://www.researchandmarkets.com/r/mcibvr
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