Author: Himanshu Patni
24 March 2023
Database security refers to the application of a wide variety of information security controls to safeguard databases against breaches of their confidentiality, integrity, and availability. It involves a variety of controls, including technical, procedural/administrative, and physical controls.
The Data Security Market is expected to grow at a steady rate of around 12% owing to the growing threat of cyber security across different industries. The growing adoption of data security is mainly attributed to the growing demand from the government sector. Governments around the world are likely to strengthen regulations to protect the data security of citizens and to stop attacks. Moreover, the growing cyber-attacks around the world are expected to influence the market growth during the forecast period. For instance, according to IBM, in 2020, the average cost of a data breach was USD 3.86 million globally, and USD 8.64 million in the U.S. Furthermore, the increased need for data management and protection as a result of the volume of data being produced by different business verticals is also expected to drive the growth of the worldwide database security market. Additionally, database security has also become more popular as a result of the growing demand for effective security solutions for data produced by cutting-edge technologies like IoT, Big Data, and cloud-based services, among others, as well as the need to secure data from hackers. These are a few of the additional factors that are anticipated to propel the global database security sector.
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Based on component, the market is segmented into solutions and services. The solutions segment dominated the data security market in 2021 and is expected to maintain its domination throughout the forecast period. The growth of the segment is mainly attributed to the various benefits that database security software offers such as database auditing, reporting, encryption & tokenization and data masking, etc. Moreover, these software solutions make it easier to store and distribute data in an electronic and safe manner. These are the key factor that drives the growth of this segment in the Global market during the forecast period 2020-2028.
On the basis of deployment, the market is segmented into on-premises and cloud. The cloud segment is expected to grow with the largest CAGR during the forecast period. The adoption of the cloud deployment strategy has skyrocketed in the market for database security. Mainly due to its main benefits such as scalability, rapid deployment, low implementation costs, and adaptability. Furthermore, cloud deployment architecture can help with the low-cost, safe storage of massive amounts of data which is expected to drive the segment market during the forecast period. Additionally, it enables companies to focus on their essential operations rather than IT infrastructure management. Request for a sample of the report browse through- https://univdatos.com/get-a-free-sample-form-php/?product_id=36215
For a better understanding of the market adoption of the Database Security industry, the market is analyzed based on its worldwide presence in the countries such as North America (U.S., Canada, Rest of North America), Europe (Germany, U.K., France, Spain, Italy, Rest of Europe), Asia-Pacific (China, Japan, India, Rest of Asia-Pacific), Rest of World. The North America region led the database security market and is expected to maintain this during the forecast period. Early adoption of technologically advanced products such as database security systems in various enterprises to keep data safe is expected to be a major factor driving growth driving the market. Moreover, the growing investments in the cyber security industry in the region is expected to drive the market during the forecast period. Moreover, the growing cost of each data breach is expected to influence market growth. For instance, according to IBM, the average cost per data breach in the USA is 9.44 Million.
Some of the major players operating in the market include SPARC; SAP SE; McAfee, LLC; Fortinet, Inc; Imperva; Microsoft; Micro Focus; Thales; Trend Micro Incorporated; HashiCorp, Inc.
Global Database Security Market Segmentation
Market Insight, by Component
· Solutions
· Services
Market Insight, by Deployment
· On-Premises
· Cloud
Market Insight, by Industry Vertical
· BFSI
· Retail & E-Commerce
· Government & Defense
· Healthcare
· IT & Telecom
· Others
Market Insight, by Region
· North America
o US
o Canada
o Rest of North America
· Europe
o Germany
o United Kingdom
o France
o Italy
o Spain
o Rest of Europe
· Asia-Pacific
o China
o Japan
o India
o Rest of Asia-Pacific
· Rest of the World
Top Company Profiles
· SPARC
· SAP SE
· McAfee, LLC
· Fortinet, Inc
· Imperva
· Microsoft
· Micro Focus
· Thales
· Trend Micro Incorporated
· HashiCorp, Inc.
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