Database Security Market

Database security market was valued at USD 5,531 Million in 2020 and is expected to grow at a CAGR of 12.2% over the forecast period (2021-2028).

Introduction of the Database Security Market Report

Database security can be defined as a group of protocols used to make databases secure, protect unauthorized access to that database, and protect databases from attacks, unlawful usage, & threats. It provides security for data stored in areas such as database servers, database management systems, and other workflow applications.

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Market Dynamic 

Key Drivers and Emerging Trends

Rising demand for advanced security solutions, changing managerial landscape, and expansion of cloud-based applications are some of the major factors fuelling the database security market. Also, changing regulatory environment, expansion in the e-commerce sector, and growing volume of business data will augment the market growth. The drastic surge in the number of cyberattacks has made databases more prone to unauthorized access, thereby stimulating the need for database security systems to ensure the confidentiality of data. Increasing adoption of cloud computing and virtualization techniques by businesses to store information has increased the vulnerability of network, which stands to be a chief factor driving the database security market size. In addition, the drastic increase in the online traffic, need for a comprehensive security policy, and increase in cyber-attacks will further add to the market share. According to Retarus, in 2020, the average cost of a data breach was valued at USD 3.86 million, with an average of USD 2.9 million lost to cybercrime every minute. However, the maintenance cost of using a database security system is very high due to the incorporation of high-quality software. Thus, these budget restrictions make it difficult for SMEs to upgrade to new technologies, which will restrain the database security market size.

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Deployment Mode – Segment Analysis

Cloud solutions segment is projected to hold a higher share over the forecast period, owing to the remarkable advantages such as increasing availability, data safety, and managerial compliance in their cloud security provider. Also, as per the Database Security Market Report, cloud-based solutions are a set of control-based technology designed to protect resources stored online from leakage, theft, or data loss, which has propelled the adoption of cloud solutions, thus augmenting the market growth. For instance, companies like Broadcom, Cisco, and McAfee offer safety solutions on the SaaS model to the organization.

Vertical – Segment Analysis

Retail and eCommerce segment is forecast to grow at a higher CAGR over the forecast period. With the ongoing innovations in technologies across the retail and eCommerce verticals, the industries have started deploying electronic devices to offer better quality services to customers, which has increased the chances of data theft. Thus, this is one of the prime factors boosting the demand for database security in the retail and eCommerce sector. Also, database security in eCommerce platforms helps to recover data from databases prone to data hacking. Thus, eCommerce businesses have allocated huge amount of budget towards database security which has driven the market growth.

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Regional – Segment Analysis:

Asia Pacific region is projected to expand at a faster CAGR during the forecast period. The massive growth of data in the media, manufacturing, and entertainment industry and accelerating incidences of cyber-attacks has increased the need for databases security solutions to safeguard data, fueling the regional growth. For example, India suffered from more than 1 million cyber-attacks in 2020. The growing IT expenditure and rising adoption of cloud across the small and medium organizations will propel the market growth.

Top Market Players 

Key players in the database security market, include, IBM, Oracle, McAfee, LLC, Fortinet, Inc, AWS, Microsoft, Huawei Technologies Co., Ltd, Alibaba Cloud, Protegrity Inc., Datasparc Inc., among others.

Key Developments:

• • In 2021, Fortinet acquired ShieldX, a cloud and network security vendor to expand its portfolio into network securities.
  • In 2021, Fortinet entered into an agreement with Savex and appointed Savex as value added distributor in India to strengthen its customer base in India.
  • In 2020, jSonar launched jSonar 4.2 as an update of its database security and compliance platform. The company has incorporated its skill of data monitoring, auditing and security by integrating an AI powered SDM system.
  • In 2020, Open Raven, launched the latest modern data security platform to offer complete visibility and control for enterprise data protection. This platform was developed with an open-source core with availability under Apache 2.0 license to function as a perfect solution for complicated data security problems.
  • In July 2020, Sonar announced to launch of jSonar 4.2 as a major update of its database security and compliance platform. With this updated launch, the company have extended its expertise of data monitoring, auditing as well as security by addition of an AI powered SDM system.
  • In Feb 2020, Open Raven, announced to launch the modern data security platform that offers visibility and control for enterprise data protection. This platform was made with an open source core with availability under Apache 2.0 license to act as a perfect solution for complex problems of data security.

Segments covered in the Report:

The global Database Security Market has been segmented on the basis of Deployment Mode, Vertical, Organization Size, Component and regions. Based on Deployment Mode, the market is segmented into Cloud Based and On Premises. Based on Vertical, the market is segmented into Energy and Utilities, Media and Entertainments, Retail and Ecommerce, Banking, Financial Services, And Insurance, Healthcare and life sciences, Manufacturing, Telecommunication and IT, Government and Defense and Others. Based on Organization Size, the market is segmented into SMEs and Large Enterprises. Based on Component the market is segmented into residential, Software and Services.

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Key questions answered in this research report:

• • At what pace is global Database Security Market growing? What will be the growth trend in the future?
  • What are the key drivers and restraints in Database Security Market? What will be the impact of drivers and restraints in the future?
  • What are the regional revenues and forecast breakdowns? Which are the major regional revenue pockets for growth in the global Database Security Market?
  • Which Deployment Mode generated maximum revenues in 2020 and identify the most promising Deployment Mode during the forecast period?
  • What are the various Vertical of global Database Security Market and how they are poised to grow?
  • What companies are the major participants in this market and their business strategies, how does the competitive landscape look like?

Market Segmentation

Global Database Security Market by Deployment Mode

• • Cloud Based
  • On Premises

Global Database Security Market by Vertical

• • Energy and Utilities
  • Media and Entertainments
  • Retail and Ecommerce
  • Banking, Financial Services, And Insurance
  • Healthcare and life sciences
  • Manufacturing
  • Telecommunication and IT
  • Government and Defense
  • Others

Global Database Security Market by Organization Size

• • SMEs
  • Large Enterprises

Global Database Security Market by Component

• • Software
  • Services

Global Database Security Market by Region

• • North America Database Security Market (Option 1: As a part of the free 25% customization)
    • By Deployment Mode
    • By Vertical
    • By Organization Size
    • By Component
    • US Market All-Up
    • Canada Market All-Up
  • Europe Database Security Market (Option 2: As a part of the free 25% customization)
    • By Deployment Mode
    • By Vertical
    • By Organization Size
    • By Component
    • UK Market All-Up
    • Germany Market All-Up
    • France Market All-Up
    • Spain Market All-Up
    • Rest of Europe Market All-Up
  • Asia-Pacific Database Security Market (Option 3: As a part of the free 25% customization)
    • By Deployment Mode
    • By Vertical
    • By Organization Size
    • By Component
    • China Market All-Up
    • India Market All-Up
    • Japan Market All-Up
    • Rest of APAC Market All-Up
  • RoW Database Security Market (Option 4: As a part of the free 25% customization)
    • By Deployment Mode
    • By Vertical
    • By Organization Size
    • By Component
    • Brazil Market All-Up
    • South Africa Market All-Up
    • Saudi Arabia Market All-Up
    • UAE Market All-Up
    • Rest of world (remaining countries of the LAMEA region) Market All-Up

Major Players Operating in the Market Name (Option 5: As a part of the Free 25% Customization – Profiles of 5 Additional Companies of your Choice)

• • Oracle
  • IBM
  • McAfee, LLC
  • Fortinet, Inc
  • AWS
  • Microsoft
  • Alibaba Cloud
  • Huawei Technologies Co., Ltd
  • Protegrity Inc.
  • Datasparc Inc.