Database Security Market is Booming Market to Grow at Healthy CAGR forecast
Posted by nileshdbmr on May 24th, 2021
Database security market is expected to reach USD of 4.07 Billion in the forecast period of 2020 to 2027 Database security is an aggregate measure which is being utilized with respect to protect the database and information from the unlawful use, threats and attacks. It is made up of all or either software, physical control and administrative controls. Rise in the demand for sophisticated security solutions, growing regulation regarding breaches, and attacks and transmission of cloud based applications & services are the some of the driving factors in the database security market.
Major Market Competitors: Global Database Security Market
Renowned players in the global database security market are Mcafee, Oracle, Thales E-Security, IBM, IRI, HP, Hexatier, Fortinet, Trustwave, Protegrity, Imperva, Informatica, Micro Focus, Safenet, Porticor, Green SQL, Informatica, Axis Technology and Gemalto among others.
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For instance, According to Trustwave Holdings, Inc., in 2016, median number of days from an intrusion to detection of a compromise came up to 49 days, as compared to 2015 which was 80.5 days. In 2016, regulation named as General Data Protection Regulation (GDPR), which was officially adopted in April 2016, and will be enforced from May, 2018. Due to this act, companies will spend more on information security to avoid fines for failure and to secure the business data.
Market Segmentation: Global Database Security Market
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Joined: September 27th, 2019
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