Database security encompasses a set of protocols designed to enhance the security of databases, guarding against attacks, unauthorized access, and potential threats. It contains various measures to ensure the security and privacy of data within an organizational environment. Database security provisions include safeguards for data stored in databases, database management systems, database servers, and other workflow applications. Through implementing these security measures, organizations can establish a secure environment and protect sensitive data from compromise, ensuring the integrity and confidentiality of their database systems.
According to Data Bridge Market Research, The Database Security Market accounted for USD 7.05 billion in 2022 and is expected to reach USD 25.97 billion by 2030. The market is expected to grow with a CAGR of 17.70% in the forecast period of 2023 to 2030.
“Increasing volumes of business data”
The expanding volume of business data presents significant growth opportunities for the market. As major industries generate large amounts of data, concerns arise regarding data corruption and breaches, leading to a high demand for robust database security systems. These systems enable secure data access and provide efficient protection against security breaches, enhancing the productivity standards of organizations. This growing need for data security solutions drives the market's growth, addressing critical data protection challenges businesses face, which is driving the market’s growth.
What restraints the growth of the database security market?
“High cost associated with database security”
The implementation of robust database security measures often comes with a high cost, which can act as a barrier to adoption for organizations. The expenses include initial investment in security technologies, licensing fees, and ongoing maintenance costs. Additionally, specialized expertise may be required to configure and manage the security systems effectively, adding to the overall expenses. Despite the importance of database security, the high cost can be a limiting factor for some businesses in ensuring comprehensive protection of their data assets. Therefore, hindering the market’s growth.
Segmentation: Database Security Market
The database security market is segmented on the basis of component, business function, deployment model, organization size, and vertical.
- On the basis of component, the database security market has been segmented into software and services.
- On the basis of business function, the database security market has been segmented into marketing, sales, finance, operations and others.
- On the basis of deployment model, the database security market has been segmented into on-premises and cloud.
- On the basis of organization size, the database security market has been segmented into small and medium-sized enterprises and large enterprises.
- On the basis of vertical, the database security market has been segmented into banking, financial services, and insurance, telecommunications and IT, government and defense, manufacturing, healthcare and life sciences, retail and e-commerce, energy and utilities, media and entertainment, and others.
Regional Insights: North America Dominates the Database Security Market
North America dominates the database security market in terms of revenue. The market is bolstered by the presence of key market players and continuous technological advancements in their product portfolios, driving its growth.
Asia-Pacific will continue to project the highest compound annual growth rate during the forecast period of 2023-2030 is gaining significant attention as companies are becoming increasingly concerned about safeguarding their data.
To know more about the study visit, https://www.databridgemarketresearch.com/ar/reports/global-database-security-market
Recent Developments
- In 2021, Fortinet, a leading automated cybersecurity solution provider, signed an agreement with Savex Technologies to further expand its security market footprint in India. This agreement builds strong demand for new solutions to secure the edges that make up the new network, including the local-area network (LAN), remote workers, data center, WAN , and cloud access.
- In 2020, Open Raven announced the introduction of modern data security platform that provides control and visibility for enterprise data protection. This platform has been planned with an open source core under Apache 2.0 license to act as a sophisticated solution for the complex problems of data security.
- In 2020, jSonar announced the introduction of jSonar 4.2 as a major update to its compliance platform and database security. With this introduction, the company prolonged its data monitoring, auditing, and security expertise by adding an AI-powered SDM system. Adding the SDM system will help users manage and classify sensitive data more efficiently.
The Prominent Key Players Operating in the Database Security Market Include:
- Thales (France)
- IBM (U.S.)
- Oracle (U.S.)
- Cisco Systems Inc. (U.S.)
- Hewlett Packard Enterprise Development LP (U.S.)
- Intel Corporation (U.S.)
- Trustwave Holdings, Inc. (U.S.)
- McAfee, LLC (U.S.)
- Micro Focus (U.K.)
- Fortinet Inc. (U.S.)
- Imperva (U.S.)
- Fireeye, Inc (U.S.)
- Innovative Routines International (IRI), Inc. (U.S.)
- RSA Security LLC (U.S.)
- BlackBerry Limited (Canada)
Above are the key players covered in the report, to know about more and exhaustive list of database security market companies contact, https://www.databridgemarketresearch.com/ar/contact
Research Methodology: Global Database Security Market
Data collection and base year analysis are done using data collection modules with large sample sizes. The market data is analyzed and estimated using market statistical and coherent models. In addition, market share analysis and key trend analysis are the major success factors in the market report. The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Global vs Regional and Vendor Share Analysis. Please request analyst call in case of further inquiry.
