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

•          The global database security market is segmented based on component, deployment model, business function, organization size, end user and geographical segments.
•          Based on component, the global database security market is segmented into software and services. Software is sub segmented into data masking and redaction, database auditing and reporting, encryption and tokenization, access control management and others. Services are sub segmented into managed services and professional services.
•          On the basis of deployment model, the global database security market is segmented into cloud and on-premises.
•          On the basis of business function, the global database security market is segmented into sales, marketing, operations, finance and others.
•          On the basis of organization size, the global database security market is segmented into small and medium-sized enterprise and large enterprise.
•          On the basis of end users, the global database security market is segmented into Banking, Financial Services, and Insurance, Telecommunications and IT, Manufacturing, Energy and Utilities, Retail and Ecommerce, Government and Defense, Healthcare and Life Sciences, Media and Entertainment and others.