Growing demand for sophisticated security solutions and evolving regulatory landscape to magnify growth in the global Database Security Market

Covid-19 Impact & Market Status

The report offers an exhaustive overview of the business dynamics and new investment strategies that are being adopted by business leaders across countries and regions to overcome the acute challenges and financial instabilities that have emerged in the post pandemic times.

At a compound annual growth rate of 17.7%, the size of the worldwide Database Security market is projected to reach US$ 17.7 Bn  in 2031.

The report highlights some of the best industry strategies and practices that are adopted by the players across local and global markets. Ever since the Covid-19 broke out in 2019, it has spread aggressively, resulting in rapid declaration by the WHO affirming Covid-19 as a global pandemic and an emergency.

The impact of the pandemic is widespread and the aftermath is well pronounced, gravely affecting the global Database Security market. The sudden pandemic and its implications have posed significant challenges such as travel bans, quarantines, and lockdowns.

These developments are hampering operations resulting in supply chain breaches, stock market inefficiencies, and vendor chaos. These are constantly interfering with the normal functioning of industries.

Ever since the outbreak of the global crisis, impact on upstream, downstream, and midstream industries have been appalling. The report delivers a quick ready-to-deploy approach to counter such crisis and steer the global cloud professional serices market towards steady growth and systematic progression.

Amidst the pandemic, aligning with new dynamics, global database security market has been witnessing new dynamics which are further necessitating new business models and approaches to recoup growth and revenue streams.

In this report, inquisitive business players would be provided with sufficient guidelines regarding business transformation, integral to sustain stiffening competition in the pandemic and beyond pandemic era global database security market.

Database Security for Solution to Sustain the Highest Revenues

Software segment is expected to hold the largest market shares of xx% by 2028. Database security software must execute functions such as database auditing and reporting, encryption and tokenization, data masking and redaction, access control management, firewall, backup and recovery, and antivirus, among others. High installation cost being imposed on solutions and lack of awareness related to multi-layered security are the factors restraining the database security market. Increasing acquisitions in the database security solutions market acts as an opportunity.

SMEs to Generate More Growth Opportunities

The SMEs are looking for robust database security solutions to save money, time, and resources. They are said to be adopting cloud services in a rapid pace, owing to various reasons, such as flexibility, disaster recovery, automatic updates, low capital expenditure, collaboration, document control, and security.

Cloud-based Deployment to Generate More Revenue and Help SMEs

The cloud-based deployment mode has helped the SMEs in reducing the costs and providing IT services that are similar to that of the large enterprises. In addition, in the cloud deployment mode, the cloud service providers address issues in the database security solution.

North America to Sweep the Largest Revenue Streams Followed by APAC

North America is expected to have a major growth in the global database security market during the forecast period from 2020 to 2025. Presence of some major payers such as McAfee LLC, IBM Corporation, Oracle Corporation  and Fortinet have been contributing with major shares in the database security market. High investments towards research and development activities along with stringent governmental regulations and initiatives to improve data protection standards across the organizations are acting as major drivers for the growth of database security market.

A recent study has shown a tremendous Hadoop adoption in the APAC region. This has indicated a rise in big data volumes as well. Hence, various enterprises in this region have adopted database security solutions to secure this massive amount of data. Enterprises are trying to gain benefits from database security technologies to offer comprehensive security solutions to enterprises.

Growing volumes of business data across industries to offer new opportunities in the global database security market

Database security refers to a set of protocols that are used to make databases secure, prevent unauthorised access to them, and protect them from assaults, illegal use, and threats. Database security is a set of commands that ensures the privacy and security of an organization's data. It ensures that data held in databases, database management systems, database servers, and other workflow applications is secure.

The growing demand for advanced security solutions, the changing regulatory landscape, and expanding company data volumes across industries are all propelling the database security market forward. Furthermore, upsurge in the demand from e-commerce sector and growing government regulations to ensure security of data as well as to stop attacks and threats are the factors that will accelerate growth of the database security market.

Further, rates of data creation has been accelerating with a rapid pace over the years due to factors such as use of cloud computing, DevOps as well as internet connected devices, thus exceeding the enterprises capability of handling bulks of voluminous and variety of data files. Such factors eventually are creating higher needs towards efficient and flexible data systems to help the organizations manage such massive bulks of data volumes along with ensuring optimum data protection.to ravel new growth opportunities in the global database security market during the forecast period.

Increasing a large demand of sophisticated security solutions, the regulatory landscape is evolving all around, and increasing business data volumes across industries are the factors driving the growth of the database security market. High installation cost being imposed on solutions and lack of awareness related to multi-layered security are the factors restraining the database security market. Increasing acquisitions in the database security solutions market act as an opportunity. Lack of a skilled workforce is one of the challenges faced by the database security market.

Forward-looking players in the global database security market are furthering investments towards developing advanced database security. Rising demands from ecommerce sector due to growing cybercrimes has been acting as a major driver towards significant growth of database security market. Since online shopping has gained much popularity in the market and is facing higher dominance compared to traditional methods, data protection becomes a major concern for the ecommerce websites.

High Investment in R&D and continuous technological innovations to onset the malicious attacks is the key strategy followed by major market vendors to gain a competitive edge. The market is highly competitive and consists of several major players. The players with a major share in the market focus on increasing their customer base across different regions.

The major players of the global database security market are Oracle, IBM, Trustwave, McAfee, Fortinet, Cloudera, AWS, Microsoft, IRI, and Micro Focus.

The database security market is a rapidly progressing industry and is characterized to have industrial frontliners as well as aspiring new players aiming to penetrate into the aggressive competitive landscape across global and local markets. Additionally, various new and aspiring players are improving their product lines and upgrading technological capabilities to improve revenue streams amidst Covid-19 impact.

Latest Innovations in the Global Database Security Market: a Snapshot

50. In February 2020, Open Raven had announced the launch of a modern data security platform that offers visibility and control for enterprise data protection. This platform has been designed with an open source core with availability under Apache 2.0 license to act as an elegant solution for complex problems of data security. Moreover, the open raven platform will offer help to the customers towards understanding, managing as well as ensuring data security from a single location as it works seamlessly with organization’s existing tools and features.
50. In July 2020, jSonar announced the launch of jSonar 4.2 as a major update towards its database security and compliance platform. With this launch, the company had extended its expertise of data monitoring, auditing as well as security by addition of an AI powered SDM system. This addition of SDM system “learn from me” in the platform will help users towards classifying and managing sensitive data more efficiently along with providing a library of customizable playbooks,thus causing users take preventive actions and automate responsestowards security events

Database Security Market Scope

Key Segments of the Global Database Security Market

Component Overview (USD Billion)

• Solution
• Services

Business Function Overview, (USD Billion)

• Marketing
• Sales
• Finance
• Operations

Organization Size Overview, (USD Billion)

• Large Enterprises
• SMEs

Deployment Mode Overview, (USD Billion)

• Cloud
• On-premises

Regional Overview, (USD Billion)

North America

• U.S
• Canada

Europe

• Germany
• UK
• Rest of Europe

Asia Pacific

• China
• Japan
• Rest of APAC

South America

• Brazil
• Rest of South America

Middle East & Africa

• Middle East
• Afirca