According to recent market research report "Database Security
Market by
Software (Database Auditing & Reporting, Encryption & Tokenization,
Data Masking & Redaction, and Access Control Management), Service, Business
Function, Deployment, Organization Size, and Vertical - Global Forecast to
2022",
The database security market is expected to grow from USD 2.95 Billion in 2017
to USD 7.01 Billion by 2022, at a Compound Annual Growth Rate (CAGR) of 18.9%
during the forecast period.
The major driving factor for this market are a
growing need for sophisticated security solutions to prevent cyber-attacks and
evolving regulatory landscapes. Proliferation of cloud-based applications and
services and growing acquisitions in the database security solution market are
the key growth opportunities.
85 - Tables
46 - Figures
162 - Pages
The operations business function is expected to grow
at the highest CAGR during the forecast period
Organizations face several challenges in this era of
connected devices, as devices generate large volumes of data that need to be
managed and stored in a proper manner. With the advent of IoT, organizations
operating in various verticals, such as manufacturing and mining, are dealing
with different types of data on-premises, such as inventory control and
production, along with the data captured from remote sensors in mining
operations. With the massive amount of data being generated at different
locations, organizations require an effective database security solution to
manage data security on a single platform.
Cloud deployment model is expected to grow at a
higher CAGR during the forecast period
The cloud-based deployment model is expected to
witness significant growth in the database security market. It provides various
benefits, including scalability, speed and ease of deployment, low
implementation cost, and agility. This can help in securing the high amount of
data at a low cost. It also provides flexibility for enterprises to focus on
their core function rather than managing the IT infrastructure required to
facilitate the function. The cloud-based platform offers a unified way, in the
form of SaaS-based security services, to secure the databases. This facility is
beneficial for organizations that have budget constraints for security. Hence,
organizations are moving toward the cloud at a rapid rate and it is the most
preferred deployment model for database security.
North America is expected to dominate the database
security market during the forecast period
The database security market is segmented based on
regions: North America, Asia Pacific (APAC), Europe, Middle East and Africa
(MEA), and Latin America. North America is witnessing the largest number of
cyber-attacks. Hence, the region has the largest number of database security
vendors. The database security has gained an utmost importance for
organizations dealing with sensitive customer data. North America, especially
the US and Canada, is expected to generate the highest revenue in the region
with widespread demand for database security solutions to prevent cyber-attacks
and commercial espionage and ensuring security and privacy of data to
facilitate business continuity. Though there is no single federal law to
regulate the data privacy of customers, there are various federal and state
laws to protect the data. Data privacy laws such as Sarbanes-Oxley Act (SOX)
and Health Insurance Portability and Accountability Act (HIPPA) in North
America are some of the key factors that are driving the database security
market in the region.
Major vendors in the database security market
include IBM Corporation (US), Oracle Corporation (US), Trustwave Holdings, Inc.
(US), Thales e-Security (France), McAfee, LLC (US), Fortinet, Inc. (US),
Innovative Routines International (US), Micro Focus (UK), Imperva (US),
HexaTier (Israel), Gemalto NV (Netherlands), and Protegrity USA, Inc. (US).
Contact:
Mr. Rohan
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
sales@marketsandmarkets.com
Mr. Rohan
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
sales@marketsandmarkets.com
