Global Big Data Security Market to Touch USD 26.85 Bn by 2022, Predicts M&M in Its Cutting-Edge Report Recently Added at MarketPublishers.com05 Oct 2017 • by Natalie Aster
LONDON – Propelled by increasing cyber-attacks that demand scalable high security solutions along with evolving regulatory landscape, the global big data security market is anticipated to increase at an impressive 17.1% CAGR between 2017 and 2022. At present, the market value stands at around USD 12.22 billion; by 2022, it is poised to touch USD 26.85 billion.
Escalating demand for third-party managed security services together with expanding adoption amid SMEs are likely to evolve the big data security and, thus, open lucrative opportunities for growth in this field.
However, the big data security market also faces a number of growth challenges, for instance, low data security budget, lack of data security awareness, higher installation costs; all these factors could considerably hinder the further market growth.
Through 2022, the highest growth rates are expected in the APAC market for bid data security; this is attributed to increasing focus on the improvement of customer service to drive competitive differentiation and boost revenues. Furthermore, enhanced business productivity, supplemented by big data security software and services, has turned APAC into a highly potential market.
Cutting-edge research publication “Big Data Security Market by Software, Technology, Service, Deployment, Organization Size, and Industry Vertical -Global Forecast to 2022” from MarketsandMarkets (M&M) offers access to relevant, reliable data on the performance of the global market for big data security solution. This report features the actual market scenario at different geographical levels, covers the market dynamics in detail, reviews the major forces influencing the market growth and development, as well as discusses prevailing market trends. Moreover, important info on competitive landscape and leading players is provided in this study along with an insightful overview of the key regulative initiatives. Additionally, this report presents a snapshot of the emerging growth threats and opportunities, and gives future forecasts through 2022.
A full collection of the publisher’s research studies is provided in the MarketsandMarkets catalogue at MarketPublishers.com.