Database Security Market, By Component (Software, Services), By business function (Marketing, Sales, Finance, Operations, Others) By Deployment Mode (Cloud Based, On-Premises) By Organization Size, (Small and Medium-Sized Enterprises, Large Enterprises), By Vertical (Financial Services, Banking And Insurance, Telecommunication and IT, Government and Defense, Manufacturing, Healthcare and life sciences, Retail and eCommerce, Energy and Utilities, Media and Entertainments, Others)

Database Security Market size was accounted for US$ 6.12 Bn in 2021, and the total revenue is projected to grow at a CAGR of 19.1% from 2021 to 2030, reaching nearly US$ 25.13 Bn.

Potential investors and stakeholders often ask what database security is. Database security procedures aim to protect the data within the database and database management solutions and all applications that access them. Database access control protects data against possible intruders, data misuse, and corruption. Different types of database security solutions include tools, rules, and measures designed to maintain and protect databases' confidentiality, integrity, and availability.

The use of database security solutions is expected to increase as technological advances in database protection or security increase to provide efficient surveillance systems to monitor criminal, fraudulent and terrorist activities. This is expected to propel the demand for database encryption over the forecast period. In addition, as organizations increase the adoption of IoT devices, operational communication improves, allowing users to access the network from multiple locations. Therefore, the need to prevent data leakage from operating systems is expected to drive organizations' demand for database security services.

Database security is a critical aspect of maintaining the integrity and confidentiality of sensitive information. To mitigate the risks associated with database vulnerabilities, organizations employ various measures such as vulnerability databases, which serve as repositories of known vulnerabilities and provide timely updates to patch potential weaknesses. Additionally, database activity monitoring plays a crucial role in real-time tracking and analyzing user actions, ensuring that any unauthorized or suspicious activities are promptly detected and addressed. Regular database audits further enhance security by thoroughly examining access controls, configurations, and data handling practices. In this process, database privacy is also a key consideration, ensuring that personally identifiable information and other sensitive data are adequately protected from unauthorized access or disclosure. Together, these measures bolster database security, helping organizations safeguard their valuable data assets.

Market Dynamics:

Drivers:

The global database security market is expected to grow as the demand for database security solutions increases and government regulations in various countries are tightened to protect data security and prevent attacks and threats. In addition, multiple companies' proliferation of cloud-based services is increasing the demand for database security, which is expected to drive the global database security market.

In addition, the increasing volume of data generated by various industries has generated significant demand for data protection and management, likely propelling the global database security market. In addition, increasing requirements for efficient security solutions for data generated by advanced technologies such as IoT, big data, and cloud-based services, as well as the need to protect data from intruders, have increased the adoption of database security. These are other aspects expected to drive the global database security industry forward.

Restraints:

However, the cost of installing large-scale database security systems within an organization, the need for regular maintenance, and high maintenance costs are significant issues that may hamper the growth of the global database security market. Additionally, a limited company budget and a lack of database security awareness are two other issues limiting the development of the worldwide database security market.

Key players:

• Thales Group,

• IBM,

• Oracle,

• Trustwave Holdings Inc.,

• Thales,

• McAfee LLC,

• Fortinet Inc.,

• Innovative Routines International (IRI), Inc.,

• Micro Focus,

• Imperva,

• NortonLifeLock Inc.,

• Trend Micro Incorporated,

• CrowdStrike,

• Palo Alto Networks,

• RSA Security LLC,

• FireEye,

• SentinelOne,

• Sophos Ltd.,

• among others.

Market Segmentation:

By Component

• Software

  • Database Auditing and Reporting

  • Encryption and Tokenization

  • Data Masking and Redaction

  • Access Control Management

  • Others

• Services

  • Managed Services

  • Professional Services

  • Consulting Services

  • Support and Maintenance

  • Education and Training

  • Risk Assessment Services

By business function

• Marketing

• Sales

• Finance

• Operations

• Others

By Deployment Mode

• Cloud Based

• On Premises

By Organization Size

• Small and Medium-Sized Enterprises

• Large Enterprises

By Vertical

• Banking, Financial Services, And Insurance

• Telecommunication and IT

• Government and Defense

• Manufacturing

• Healthcare and life sciences

• Retail and Ecommerce

• Energy and Utilities

• Media and Entertainments

• Others

By Region

• North America

  • US

  • Canada

• Europe

  • UK

  • Germany

  • Rest of Europe

• Asia Pacific

  • China

  • Japan

  • Rest of Asia Pacific

• Middle East and Africa

  • Middle East

  • Africa

• Latin America

  • Brazil

  • Rest of Latin America

Regional Analysis:

North America holds a large share of the overall database security market. It is followed by Europe. These two regions are expected to maintain their leading positions throughout the forecast period. Demand for database security in Europe is mainly driven by Western European countries. The major drivers fueling this growth are the increasing adoption of cloud-based services and improved IT infrastructure in the UK, Germany, and France.

In North America, the data security as a service market is growing significantly due to the well-established presence of data security as a service provider. Additionally, the rise in cyberattacks and data breaches has driven the industry to adopt database security as a service to monitor and provide alerts on threats.

China, India, and South Korea are the major database security markets in the Asia Pacific. These countries offer vast scope for companies operating in the market. Diversification of telecommunications and IT industries in the Asia Pacific is estimated to drive the database security market size over the forecast period. The Asia Pacific market is expected to grow at a CAGR of XX% during the forecast period. In the RoW region, Brazil, Mexico, and the Middle East are the major markets where database security is expected to register maximum growth.

Scope of the Report:

User

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