USD 32.55 Billion
Big Data Security Market Size, Share, Growth Analysis, By Deployment (Cloud, On-premises), By Organization Size (Large Enterprise, Small & Medium Enterprise), By Component (Data discovery and classification, Data authorization and accesss), By Verticals (IT and Ites, Telecommunications), By Region - Industry Forecast 2024-2031
Report ID:
SQMIG45J2104 |
Region:
Global |
Published Date: August, 2024
Pages:
197
|Tables:
117
|Figures:
77
Big Data Security Market Insights
Global Big Data Security Market size was valued at USD 28.55 Billion in 2022 and is poised to grow from USD 32.55 Billion in 2023 to USD 92.85 Billion by 2031, at a CAGR of 14% during the forecast period (2024-2031).
The purpose of the big data security market is to provide robust security measures that protect the confidentiality, integrity, and availability of data in big data ecosystems. The market aims to address the unique challenges posed by the massive volume, velocity, and variety of data generated by organizations. The key driving factors behind the growth of the big data security market is the increasing adoption of big data analytics. As organizations leverage big data to gain valuable insights and drive decision-making, the need to secure this data becomes crucial. The rising frequency and sophistication of cyber threats and data breaches also drive the demand for robust security measures. the growth potential, the big data security market faces certain restraining factors. One such factor is the complexity of securing diverse big data sources and technologies. Big data environments often comprise a combination of structured and unstructured data, generated from various sources and stored in different formats. The big data security market faces several challenges. Firstly, the sheer scale of data generated within big data ecosystems requires scalable security solutions capable of handling massive data volumes. The big data security market presents significant opportunities for innovation and growth. With the rapid proliferation of IoT devices and the increasing adoption of cloud computing, the surface area for potential security vulnerabilities expands. The global big data security market is driven by the increasing adoption of big data analytics, growing cybersecurity threats, and regulatory requirements. While challenges such as complexity, skill shortages, scalability, and balancing security and usability exist, there are ample opportunities for innovative solutions.
Market Snapshot - 2024-2031
Global Market Size
Largest Segment
On-premises
Fastest Growth
On-premises
Growth Rate
14% CAGR
Global Big Data Security Market ($ Bn)
Country Share for North America Region (%)
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Big Data Security Market Segmental Analysis
The global big data security market is segmented based on software, deployment, organization size, and region. By component, the market is segmented into data discovery and classification, data authorization and access, data encryption, tokenization and masking, data auditing and monitoring, data governance and compliance, data security analytics, and data backup and recovery. By deployment, the market is segmented into cloud, and on-premises. With respect to categorization by organization size, the market is segmented into large enterprise, and small and medium enterprise. By vertical, the market is segmented into information technology and information technology-enabled services, telecommunications, healthcare and social assistance, finance and insurance, retail trade, utilities, and others. Region wise, the market is segmented into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.
Global Big Data Security Market Analysis by Deployment
The on-premise segment has emerged as the dominant contributor to the big data security market, with an estimated growth rate of 18% during the forecast period. Organizations opting for on-premise solutions benefit from having complete control over their IT infrastructure, allowing them to monitor and predict potential service disruptions. The responsibility of ensuring continuous availability and disaster recovery operations lies with the in-house IT team. The increased control and monitoring capabilities provided by on-premise solutions are key factors driving the growth of this segment. The rise in cloud-based cyberattacks and the growing competition among small and medium enterprises (SMEs) have led to a shift in preference towards on-premise solutions. This shift provides ample opportunities for the expansion of the on-premise big data security market.
The cloud segment is experiencing rapid growth and is considered the fastest-growing segment in the big data security market. Cloud-based solutions offer cost-efficiency, as organizations can leverage the expertise and infrastructure of third-party providers. The importance of robust cyber security measures and the highly automated nature of cloud security solutions are significant driving factors for the growth of this segment. Furthermore, advancements in technologies supporting cloud security and intense competition among third-party providers create favorable conditions for the development and adoption of cloud-based big data security solutions.
Global Big Data Security Market Analysis by Organization Size
Large enterprises, characterized by their extensive operations and significant data volumes, are a major contributor to the big data security market. These organizations typically handle vast amounts of sensitive data and face complex cybersecurity challenges. With their sophisticated IT infrastructure and dedicated security teams, large enterprises prioritize robust security measures to protect their valuable data assets. They often invest in comprehensive big data security solutions that encompass a range of technologies and practices, including data encryption, access controls, threat detection and prevention, and compliance management. The large enterprise segment is driven by the increasing frequency and sophistication of cyber threats, the adoption of disruptive technologies, and the need to comply with industry regulations and data protection laws.
SMEs, which encompass a wide range of businesses with comparatively smaller operations and limited resources, also contribute significantly to the big data security market. While SMEs may have smaller data volumes compared to large enterprises, they still face cybersecurity risks and have a growing need to protect their data assets. SMEs often encounter challenges related to budget constraints, limited IT capabilities, and a shortage of skilled cybersecurity personnel. With the increasing adoption of cloud computing and the rising awareness of data security risks, SMEs are recognizing the importance of investing in big data security solutions. Cloud-based security services, which offer cost-effectiveness and scalability, are particularly attractive to SMEs.
Global Big Data Security Market Analysis by components
Software solutions help deliver the technology required to secure big data environments. Software for data discovery and classification locate and identify sensitive and protected information within large scale data repositories and storage systems.Data authorization and access control software and protocols define and recognize user access to dataEncryption, tokenization and data masking techniques obscure and confuse sensitive data for enhanced protectionData auditing and monitoring solutions track and record user data access activities to recognize suspicious activityData governance solutions and compliance management identify and define corporate data policies and assure adherence to data privacy regulationsData security analytics solutions leverage advanced techniques to identify data access patterns and trends in security and data access events to enable proactive detection of threatsSoftware solutions for data backup and recovery solutions ensure that critical data can be restored and data workflows are protected in case of failureSoftware for security in big data analytics provides protection for organizations leveraging big data analytics solutions to gain competitive advantage in their respective industries Services are related to professional services for the deployment, administration and upkeep of big data safety. Safety consulting and integration services help to plan, build and execute a holistic method for big data safety, ensuring the new system fits together with existing legacy safety architectures. Managed security services (MSS) for big data imply the continuous surveillance of systems, detection of dangers and reaction to incidents. Vulnerability assessments and penetration testing (VAPT) detect flaws in big data frameworks and applications, by running simulated cyber-attacks against them. Occurrence response and forensics services assist in the mitigation and recovery operations of a big data safety occasion. Safety awareness training helps employees to be aware of cyber-security best practices, thereby reducing the danger of security breaches due to human mistakes.
Global Big Data Security Market Analysis on basis of verticals
IT and ITES sector enterprises, including information technology services, software and data center management, generate and store enormous volumes of data. This includes sensitive corporate and customer information including intellectual property, financial and other records.
Telecom enterprises deal with enormous quantities of user data such as call records, location data, and browsing histories. This data is critical for network optimization, service delivery and targeted marketing.
Enterprises in this sector including hospitals, clinics and other healthcare providers, deal with enormous quantities of patient data including medical, financial and genetic information.Patient data is the most sensitive of sensitive information and big data security solutions must go a long way in protecting it. This will help healthcare providers comply with regulations such as HIPAA (Health Insurance Portability and Accountability Act). Data encryption, access controls and strong audit trails are critical to protect patient data. Apart from this, healthcare sector enterprises are also vulnerable to ransomware attacks and other threats that can shut down critical healthcare services.
Global Big Data Security Market Size By Deployment (%)
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Big Data Security Market Regional Insights
North America emerges as the dominating region in the global big data security market. This can be attributed to factors such as the presence of a large number of major technology companies, the high adoption rate of advanced technologies, and the increasing instances of cyber threats in the region. The United States, in particular, holds a significant share of the market due to its robust IT infrastructure, stringent data protection regulations, and the presence of key market players. North America's dominance is further supported by the region's strong focus on data security and privacy, driven by regulatory frameworks such as the Health Insurance Portability and Accountability Act (HIPAA) and the Payment Card Industry Data Security Standard (PCI DSS).
Asia Pacific (APAC) emerges as the fastest growing region in the global big data security market. This region is experiencing significant growth due to factors such as rapid digital transformation, increasing adoption of cloud computing, and the proliferation of mobile devices. the growing awareness of cybersecurity risks and the need for compliance with data protection regulations are fueling the adoption of big data security solutions in the APAC region. The presence of emerging economies, a large population base, and a thriving e-commerce sector contribute to the region's growth potential.
Global Big Data Security Market Size By Geography
- Largest
- Fastest
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Big Data Security Market Dynamics
Global Big Data Security Market Drivers
Increasing Frequency and Sophistication of Cyber Threats
- The proliferation of digital technologies and the growing interconnectedness of systems, cyber threats have become more frequent and sophisticated. This has led to a greater emphasis on robust security measures to protect big data assets from unauthorized access, data breaches, and cyber-attacks.
Rising Adoption of Big Data Analytics
- Organizations across various industries are leveraging big data analytics to gain valuable insights and make data-driven decisions. However, the use of big data also introduces security risks. As organizations strive to harness the power of big data analytics, the need for effective security solutions to protect sensitive data and ensure data integrity becomes critical.
Global Big Data Security Market Restraints
Lack of Skilled Security Professionals
- The shortage of skilled cybersecurity professionals is a significant restraint in the big data security market. The complex nature of big data security requires expertise in areas such as data encryption, threat detection, and compliance management. The scarcity of professionals with the necessary skills and knowledge to implement and manage effective security measures poses challenges for organizations.
Data Privacy Concerns
- The collection and analysis of large volumes of data increase, concerns about data privacy and compliance with regulations become more prominent. Organizations must navigate complex data protection laws, such as the General Data Protection Regulation (GDPR), and ensure that customer data is handled securely. Meeting regulatory requirements while leveraging big data for insights can be a challenging task.
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Big Data Security Market Competitive Landscape
The global big data security market is highly competitive, with several key players vying for market share and striving to differentiate themselves through innovative solutions and strategic partnerships. The competitive landscape is characterized by the presence of both established technology giants and emerging startups focusing on various aspects of big data security. companies offer a wide range of big data security solutions, including data encryption, threat intelligence, access control, data loss prevention, and security analytics. They compete based on factors such as product features, scalability, performance, reliability, and customer support.
Top Player’s Company Profiles in Global Big Data Security Market
- IBM Corporation (US)
- Microsoft Corporation (US)
- Oracle Corporation (US)
- Cisco Systems, Inc. (US)
- Dell Technologies Inc. (US)
- Palo Alto Networks, Inc. (US)
- Fortinet, Inc. (US)
- Check Point Software Technologies Ltd. (Israel)
- Trend Micro Incorporated (Japan)
- Splunk Inc. (US)
- F5 Networks, Inc. (US)
- Akamai Technologies, Inc. (US)
- Proofpoint, Inc. (US)
- Rapid7, Inc. (US)
- LogRhythm, Inc. (US)
- Zscaler, Inc. (US)
- Varonis Systems, Inc. (US)
- Sumo Logic, Inc. (US)
- SailPoint Technologies Holdings, Inc. (US)
- BigID, Inc. (US)
Global Big Data Security Market Recent Developments
- In May 2024, Collaboration between big data platform providers and security vendors intensifies. This collaboration aims to develop more comprehensive and integrated security solutions specifically designed for big data platforms.
- In Nov 2023, The market sees a rise in advanced threat detection and prevention solutions specifically designed for big data environments. These solutions utilize machine learning and AI (Artificial Intelligence) to identify and mitigate sophisticated cyber threats targeting big data infrastructure.
- In June 2023, Stringent data privacy regulations like GDPR (General Data Protection Regulation) and CCPA (California Consumer Privacy Act) continue to influence the market. Companies are investing in big data security solutions to ensure compliance with evolving regulations and protect user data privacy.
- In April 2023, Concentric AI, announced its latest autonomous data security, showcasing its new remediation and compliance capabilities that highlight how Concentric AI can not only identify data risk within organizations’ environments, but can help fix issues along with providing reporting to address compliance needs.
- In December 2023, Safetica, a prominent data security solutions provider, announced a strategic alliance with Kaira, a renowned regional distributor of IT products and services. Their collaboration is intended to deliver Safetica's Data Loss Prevention (DLP) solutions to enterprise customers in Singapore and the larger Asia-Pacific (APAC) region.
- In May 2023, IBM's purchase of Polar Security for an undisclosed sum, has focused attention on an emerging market space, called 'Shadow Data' Cloud Security Area. The purchase gives IBM access to a new category of products called "data security posture management" for security data in cloud and SaaS repositories.
- In September 2022, Cisco Systems acquired Kenna Security, a leader in risk-based vulnerability management, to enhance its security portfolio and provide customers with improved threat intelligence and risk assessment capabilities.
Big Data Security Key Market Trends
- Cloud-based Security Solutions: The adoption of cloud computing continues to rise, and organizations are increasingly turning to cloud-based security solutions. Cloud-based solutions offer scalability, cost-effectiveness, and the ability to leverage advanced security technologies provided by third-party vendors. The trend towards cloud-based big data security solutions allows organizations to enhance their security posture while minimizing infrastructure costs.
- Artificial Intelligence (AI) in Security: The integration of artificial intelligence and machine learning technologies into big data security solutions is a key trend in the market. AI-powered security solutions can analyze vast amounts of data, detect anomalies, and identify potential threats in real-time. By leveraging AI, organizations can enhance their threat detection capabilities, automate security processes, and improve incident response.
Big Data Security Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyzes the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
According to our global big data security market analysis, the market is witnessing significant growth due to the increasing volume of data generated and the rising concerns regarding data breaches and cyber threats. Big data security refers to the protection of large and complex datasets from unauthorized access, manipulation, and theft. As organizations across various industries adopt big data analytics to gain valuable insights, the need to safeguard sensitive data becomes paramount. The driving factors for the market are the growing sophistication of cyber-attacks and the rising number of data breaches. With the increasing digitization of businesses and the interconnectedness of systems, cybercriminals are constantly evolving their tactics to exploit vulnerabilities in data infrastructure. The implementation of stringent data protection regulations, such as the General Data Protection Regulation (GDPR) and the California Consumer Privacy Act (CCPA), has compelled organizations to enhance their data security measures. The market also faces certain challenges. One of the key restraining factors is the complexity of managing and securing large volumes of data. Big data environments often involve a variety of data sources, formats, and storage systems, making it challenging to implement cohesive security measures. The global big data security market is driven by the escalating need to protect sensitive data from cyber threats and comply with data protection regulations. While challenges exist, organizations are investing in advanced security solutions to safeguard their big data infrastructure. With the evolution of cloud computing and emerging technologies, the market is poised for growth and innovation in the coming years.
| Report Metric | Details |
|---|---|
| Market size value in 2022 | USD 28.55 Billion |
| Market size value in 2031 | USD 92.85 Billion |
| Growth Rate | 14% |
| Base year | 2023 |
| Forecast period | 2024-2031 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
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| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Big Data Security Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Big Data Security Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Big Data Security Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Big Data Security Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Big Data Security Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Big Data Security Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
Big Data Security Market Report Snapshots
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