Database security Market: Current Analysis and Forecast (2022-2028)
Emphasis on Component (Software and Services); Deployment (On-Premises and Cloud); Industry Vertical (BFSI, Retail & E-commerce, Government & Defense, Healthcare, IT & Telecom, and Others) Region/Country
Global Database Security Market is expected to grow at a significant rate of around 12% during the forecast period. Database security refers to all the precautions taken to safeguard a database or database management system from unauthorized access and harmful cyber threats and attacks. Database security protocols are designed to guard against infiltration, data misuse, and damage while also safeguarding the database management system and all applications that access it. The use of database security solutions is anticipated to increase as technology advances in the database protection or security sector to provide effective surveillance systems to track fraud, criminality, and terrorist activity. Moreover, the growing adoption of IoT devices in organizations to enhance operational communication is expected to drive the market during the forecast period. IoT devices allow users to access networks from several locations. Hence, the need to prevent data breaches in operational systems. For instance, according to exploding topics, there are more than 10 billion connected IoT devices across the world in the year 2019.
SPARC, SAP SE, McAfee, LLC, Fortinet, Inc, Imperva, Microsoft, Micro Focus, Thales, Trend Micro Incorporated, HashiCorp, Inc. are some of the key players in the market. Several M&As along with partnerships have been undertaken by these players to facilitate customers with hi-tech and innovative products/technologies.
Insights Presented in the Report
“Amongst component, solutions category to held the largest market share”
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 2022-2028.
“Amongst deployment, the cloud segment to grow with the largest CAGR during the forecast period”
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.
“North America to hold a significant share in the market”
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 USD 9.44 Million.
Reasons to buy this report:
- The study includes market sizing and forecasting analysis validated by authenticated key industry experts.
- The report presents a quick review of overall industry performance at one glance.
- The report covers an in-depth analysis of prominent industry peers with a primary focus on key business financials, product portfolio, expansion strategies, and recent developments.
- Detailed examination of drivers, restraints, key trends, and opportunities prevailing in the industry.
- The study comprehensively covers the market across different segments.
- Deep dive regional level analysis of the industry.
Customization Options:
The global database security market can further be customized as per the requirement or any other market segment. Besides this, UMI understands that you may have your own business needs, hence feel free to connect with us to get a report that completely suits your requirements.
Table of Contents
Research Methodology for the Database Security Market Analysis (2022-2028)
Analyzing the historical market, estimating the current market, and forecasting the future market of the global database security market were the three major steps undertaken to create and analyze the adoption of database security in major regions globally. Exhaustive secondary research was conducted to collect the historical market numbers and estimate the current market size. Secondly, to validate these insights, numerous findings and assumptions were taken into consideration. Moreover, exhaustive primary interviews were also conducted, with industry experts across the value chain of the global Database Security market. Post assumption and validation of market numbers through primary interviews, we employed a top-down/bottom-up approach to forecasting the complete market size. Thereafter, market breakdown and data triangulation methods were adopted to estimate and analyze the market size of segments and sub-segments of the industry pertains to. Detailed methodology is explained below:
Analysis of Historical Market Size
Step 1: In-Depth Study of Secondary Sources:
Detail secondary study was conducted to obtain the historical market size of the database security market through company internal sources such as annual reports & financial statements, performance presentations, press releases, etc., and external sources including journals, news & articles, government publications, competitor publications, sector reports, third-party database, and other credible publications.
Step 2: Market Segmentation:
After obtaining the historical market size of the database security market, we conducted a detailed secondary analysis to gather historical market insights and share for different segments & sub-segments for major regions. Major segments are included in the report as component, deployment, and industry vertical. Further country-level analyses were conducted to evaluate the overall adoption of testing models in that region.
Step 3: Factor Analysis:
After acquiring the historical market size of different segments and sub-segments, we conducted a detailed factor analysis to estimate the current market size of the Database Security market. Further, we conducted factor analysis using dependent and independent variables such as component, deployment, and industry vertical of database security. A thorough analysis was conducted for demand and supply-side scenarios considering top partnerships, mergers and acquisitions, business expansion, and product launches in the database security market sector across the globe.
Current Market Size Estimate & Forecast
Current Market Sizing: Based on actionable insights from the above 3 steps, we arrived at the current market size, key players in the global database security market, and market shares of the segments. All the required percentage shares split, and market breakdowns were determined using the above-mentioned secondary approach and were verified through primary interviews.
Estimation & Forecasting: For market estimation and forecast, weights were assigned to different factors including drivers & trends, restraints, and opportunities available for the stakeholders. After analyzing these factors, relevant forecasting techniques i.e., the top-down/bottom-up approach were applied to arrive at the market forecast for 2028 for different segments and sub-segments across the major markets globally. The research methodology adopted to estimate the market size encompasses:
- The industry’s market size, in terms of revenue (USD) and the adoption rate of the database security market across the major markets domestically
- All percentage shares, splits, and breakdowns of market segments and sub-segments
- Key players in the global database security market in terms of products offered. Also, the growth strategies adopted by these players to compete in the fast-growing market
Market Size and Share Validation
Primary Research: In-depth interviews were conducted with the Key Opinion Leaders (KOLs) including Top Level Executives (CXO/VPs, Sales Head, Marketing Head, Operational Head, Regional Head, Country Head, etc.) across major regions. Primary research findings were then summarized, and statistical analysis was performed to prove the stated hypothesis. Inputs from primary research were consolidated with secondary findings, hence turning information into actionable insights.
Split of Primary Participants in Different Regions
Market Engineering
The data triangulation technique was employed to complete the overall market estimation and to arrive at precise statistical numbers for each segment and sub-segment of the global database security market. Data was split into several segments & sub-segments post studying various parameters and trends in the areas of type, drive type, and application in the global database security market.
The main objective of the Global Database Security Market Study
The current & future market trends of the global database security market were pinpointed in the study. Investors can gain strategic insights to base their discretion for investments on the qualitative and quantitative analysis performed in the study. Current and future market trends determined the overall attractiveness of the market at a regional level, providing a platform for the industrial participant to exploit the untapped market to benefit from a first-mover advantage. Other quantitative goals of the studies include:
- Analyze the current and forecast market size of the database security market in terms of value (USD). Also, analyze the current and forecast market size of different segments and sub-segments
- Segments in the study include areas of component, deployment, and industry vertical.
- Define and analysis of the regulatory framework for the database security
- Analyze the value chain involved with the presence of various intermediaries, along with analyzing customer and competitor behaviors of the industry.
- Analyze the current and forecast market size of the database security market for the major region.
- Major countries of regions studied in the report include Asia Pacific, Europe, North America, and the Rest of the World.
- Company profiles of the Database Security market and the growth strategies adopted by the market players to sustain in the fast-growing market
- Deep dive regional level analysis of the industry
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