Global Database Security Market Size & Analysis - Forecasts To 2025
Added: (Mon Mar 02 2020)
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Database Security Market Insights
The global database security market is anticipated to witness a significant growth over the forecast period owing to growing number of cyber threats and vulnerabilities. Factors such as improvements in the IT & telecom sector, including the rise of BYOD and CYOD, are likely to positively impact the growth of the overall market over the forecast period.
Database security protects the confidentiality, integrity, and availability of a company’s databases. Moreover, the establishment of new businesses in the emerging economies is further likely to boost the demand for database security solutions.
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Database Security Market: Service Insights
The global database security market is divided into licenses & support, database auditing, real time protection, data masking, vulnerability assessment and encryption among others.
The encryption service segment is anticipated to account for a significant market share over the forecast period. Rapid advancements in the mobile technology in terms of software and hardware, their dissemination among companies, and the growing use of smartphones are projected to propel the industry growth.
Database Security Market: Deployment Insights
The global database security market is segmented into on-premise and cloud-based. The on-premise segment recorded a considerable revenue share in 2016. The cloud-based application segment is projected to grow at a considerable rate over the projected period. The growth of this segment is mainly attributed to growing cloud network and increased demand for cloud storage solutions by different companies.
Database Security Market: Type/Organization Size Insights
The global database security market is divided into public cloud, private cloud, and hybrid cloud, based on type. The hybrid cloud segment is likely to grow at a substantial rate over the coming years as it alleviates data security concerns related to cloud computing.
Based on Organization size, the global database security market is segmented into small & medium sized enterprises and large enterprises. Data Security solutions are widely deployed in both the segments.
Database Security Market: Application Insights
Database security services are extensively deployed across various industry verticals such as Healthcare, Retail, BFSI, Government & Public Administration, IT & Telecom, Defense & Aerospace, Education, and Manufacturing among others.
The BFSI application segment is projected to grow at a substantial CAGR over the projected period. The increasing number of cyber-attacks coupled with dynamic nature of security industry is anticipated to increase the demand for protection of sensitive financial data from breaches with least risk and maximum returns associated with it.
Database Security Market: Regional Insights
Asia Pacific accounted for a substantial market share in 2016 and is likely to grow at a flourishing CAGR over the coming years. This growth is attributed to increased investments by several large and SMEs, particularly from regions such as China, Japan, and India, in order to deal with the growing data theft issues in these regions.
North America is likely to account for the largest revenue share over the coming years, followed by Europe. This growth is expected to be driven by innovations obtained from R&D and security technologies, particularly from countries such as the U.S. and Canada.
Database Security Market: End-Use Landscape
The end-use landscape includes a list of current and prospective consumers prevailing across the regions. This section provides company addresses, contact details, products, and regional presence of companies who are purchasing or are likely to purchase products from global database security market. The major consumers of the product are AT&T Inc. and HSBC Holdings among others.
Database Security Market: Competitor Analysis
The key players in the market adopted certain strategies, such as new product launches, collaborations, and acquisitions, to expand their presence in the global database security market. Some of the major players profiled in the global market include Oracle, IBM Corporation, Fortinet Inc, McAfee LLC, Gemalto NV, Oracle Corporation, Imperva Inc., Intel Security Group, Informatica Ltd, and EntIT Software LLC among others.
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