/PRNewswire/ The Big Data wave has created a massive effect on every business. Today various industries are leveraging big data to promote data-driven.
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In the post-COVID-19 scenario, the global big data security market is projected to grow from USD 17,558 million in 2020 to USD 35,364 million by 2026, recording a Compound Annual Growth Rate (CAGR) of 12.4% from 2020 to 2026.
By deployment, the cloud segment is estimated to hold a larger market size than the on-premises segment in 2020
Unlike traditional on-premises deployment mode, cloud-based big data security solutions provide with a cost effective approach for the enterprises across various industry verticals to enhance security. Pricing is one of the major differentiating factors in the adoption of cloud-based security solution over on-premises security solutions. Growing virtualization across industries and adoption of cloud computing is promoting the demand for cloud-based big data security solutions in various countries.