Global Database Security Market 2021 (Includes Business Impact of COVID-19)

                                          
Report updated on 11th September, 2021: Global Database Security Market 2021 (Includes Business Impact of COVID-19)
Global Database Security Market Analysis Trends, Applications, Analysis, Growth, and Forecast to 2030 is a recent report generated by Trusted Business Insights. The global database security market report has been segmented on the basis of component, business function, deployment model, industry vertical, and region.
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Global Database Security Market: Overview


Database security is a group of protocols that is used in order to make database secure, preclude unauthorized access to that database, protect database from attacks, unlawful usage, and threats. Database security executes various commands that ensure privacy and security within an organization environment. It enables security for data that is stored in areas such as in database, database servers, database management systems, and other workflow applications.


Global Database Security Market: Dynamics


Rising demand for database security solutions and increasing regulations by government of various countries in order to ensure security of data as well as to stop attacks and threats are major factors expected to drive growth of the global database security market. In addition, high adoption of cloud-based services by various enterprises has resulted into higher demand for database security, and is another key factor estimated to fuel growth of the global database security market.

Moreover, increasing data volume that is being generated by various industry verticals has led to high demand for security and management of these data is another factor expected to drive growth of the global database security market. Furthermore, growing need for effective security solutions for data generated by enhanced technologies such as IoT, Big Data, cloud-based services among others, and need to secure data from intruders has resulted in higher adoption of database security. These are additional factors estimated to drive growth of the global database security market.

However, high installation cost of database security system within organization and requirement of regular maintenance, coupled with high maintenance cost are major factors that could hamper growth of the global database security market. In addition, limited budgets of companies and lack of awareness about database security are other factors that could hamper growth of the global database security market to a certain extent.


Global Database Security Market: Segment Analysis


Among the vertical segments, the BFSI segment is estimated to account for highest revenue share in the global database security market. BFSI vertical include financial services and products, as well as BFSI sector has huge volume of confidential data which has led to more demand for sophisticated security solutions, and is a major factor expected to drive revenue growth of the BFSI segment in the global database security market.

Among the deployment model segments, the cloud segment is anticipated to account for highest revenue share in the global database security market. Increasing adoption of cloud-based services by organizations is a major factor estimated to drive revenue growth of the cloud segment in the global database security market.


Global Database Security Market: Region Analysis


North America market is estimated to account for higher revenue share as compared to that of the other regional markets in the global database security market. Early adoption of technologically advanced products such as database security systems in various organizations in order to keep data safe is a major factor expected to drive growth of the target market in North America, especially in countries such as the US and Canada. In addition, well-established companies in countries in this region is another major factor expected to support revenue growth of the database security market in North America.

Global Database Security Market Segmentation:

Segmentation by Component:

  
Software
  
Encryption and Tokenization
  
Database Auditing and Reporting
  
Data Masking and Redaction
  
Services
  
Managed Services
  
Professional Services
  
Consulting Services
  
Education and Training
  
Support and Maintenance
  
Risk Assessment Services

Segmentation by Business Function:

  
Marketing
  
Sales
  
Finance
  
Operations

Segmentation by Deployment Model:

  
On-premises
  
Cloud

Segmentation by Industry Vertical:

  
BFSI
  
Healthcare & Life Sciences
  
Telecommunications & IT
  
Government & Defence
  
Manufacturing


Key Market Players included in the report:


  
CA Technologies
  
Cisco Systems Inc.
  
Crowdstrike
  
Cyclance Inc.
  
Fire Eye Inc.
  
Fortinet Inc. (US)
  
Gemalto NV (Netherlands)
  
Hewlett Packard Enterprise Development LP
  
HexaTier (Israel)
  
IBM Corporation (US)
  
Imperva (US)
  
Innovative Routines International Inc.
  
Intel Corporation
  
McAfee LLC
  
Micro Focus (UK)
  
Oracle Corporation (US)
  
Palo Alto Networks Inc.
  
Protegrity USA Inc. (US).
  
RSA SECURITY LLC
  
Sentinelone
  
Sophos Ltd.
  
Symantec Corporation
  
Thales e-Security (France)
  
Trend Micro Inc.
  
Trustwave Holdings Inc. (US)


Below are the key development related to Database Security Market in 2020 and 2021.


October 2020: Imperva to Acquire jSonar, Together Will Lead A New Generation of Data Security. Industry veteran Ron Bennatan to join and lead Imperva’s Data Security business. Imperva, Inc., (@Imperva) the cybersecurity leader whose mission is to protect data and all paths to it, announced it has entered into an agreement to acquire jSonar, the leader in modern database security. The acquisition will pioneer a bold new approach to securing data through all paths, including on-premises, cloud, multi-cloud and Database-as-a-Service (DBaaS), delivering an integrated approach across data and applications. The evolution of modern data architecture has worked against security professionals, making securing data more difficult at every turn. Scale and complexity of data assets have grown exponentially and security teams are faced with the difficult task of expeditiously securing diverse environments while lacking estate-wide analytics and control. Combining jSonar’s ability to quickly secure data stores no matter what kind or where they live, with Imperva’s leadership in app and data security, will spearhead a fundamentally new approach to data security to help enterprises address and tomorrow’s needs. Source