The database security market size is projected to reach US$ 50.30 billion by 2031 from US$ 16.96 billion in 2023. The market is expected to register a CAGR of 14.6% during 2023–2031. The enactment of new database security regulations, growing volumes of business data and exponential rise in potential for cyberattacks with the popularity of IoT are likely to be the key drivers and trends of the market.
The database security market is experiencing significant growth globally. This growth is attributed to factors such as the enactment of new database security regulations, growing volumes of business data and exponential rise in potential for cyberattacks with the popularity of IoT. Moreover, the proliferation of cloud-based organizations' sizes and services and preference for hybrid cloud for faster innovation are anticipated to drive market growth in the coming years.
Security of databases is considered as the array of controls, tools, and procedures designed to ensure and safeguard integrity, confidentiality, and accessibility. Data security laws are important for purposes that extend beyond just achieving regulatory compliance. These include:
Database security regulations are standards set by regulatory bodies or the government, that guide organizations towards protecting the confidentiality, integrity, and availability of data. These essentially aim to safeguard the information assets of the company from destruction, tampering, unauthorized access, and other security risks. Moreover, there are costs for not complying with international regulations like the Sarbanes-Oxley Act (SAO) or payment card industry data security standard (PCI DSS) specific to industry regulations on data privacy, like HIPAA or regional privacy laws like the European Union's General Data Protection Regulation (GDPR) could be a key problem with fines in worst cases in excess of many million dollars for each violation.
There are a large number of cloud based organizations in the market, including AWS, VMWare, Oracle, NetApp, Salesforce, Google, IBM, and many more. These organizations comprise large amounts of databases. Considering this, the risk of data breaches and data phishing is increased. A specific threat to databases is the introducing of untrue SQL as well as other non-SQL string attacks in queries for databases delivered by web-based apps and HTTP headers. Companies that do not follow safe coding practices for web applications and conduct regular exposure tests are susceptible to attacks using these.
Key segments that contributed to the derivation of the Database Security market analysis are component, application, and industry verticle.
The geographic scope of the database security market report is mainly divided into five regions: North America, Asia Pacific, Europe, Middle East & Africa, and South & Central America.
North America has dominated the database security market. High technology adoption trends in various industries in the North American region have fuelled the growth of the database security market. Factors such as the increasing number of cloud-based organizations. Moreover, a strong emphasis on research and development in the developed economies of the US and Canada is forcing the North American players to bring technologically advanced solutions into the market. In addition, the US has a large number of database security market players who have been increasingly focusing on developing innovative solutions. All these factors contribute to the region's growth of the database security market.
The regional trends and factors influencing the Database Security Market throughout the forecast period have been thoroughly explained by the analysts at Insight Partners. This section also discusses Database Security Market segments and geography across North America, Europe, Asia Pacific, Middle East and Africa, and South and Central America.
| Report Attribute | Details |
|---|---|
| Market size in 2023 | US$ 16.96 Billion |
| Market Size by 2031 | US$ 50.30 Billion |
| Global CAGR (2023 - 2031) | 14.6% |
| Historical Data | 2021-2022 |
| Forecast period | 2024-2031 |
| Segments Covered |
By Component
|
| Regions and Countries Covered | North America
|
| Market leaders and key company profiles |
The Database Security Market market is growing rapidly, driven by increasing end-user demand due to factors such as evolving consumer preferences, technological advancements, and greater awareness of the product's benefits. As demand rises, businesses are expanding their offerings, innovating to meet consumer needs, and capitalizing on emerging trends, which further fuels market growth.
Market players density refers to the distribution of firms or companies operating within a particular market or industry. It indicates how many competitors (market players) are present in a given market space relative to its size or total market value.
Major Companies operating in the Database Security Market are:
Disclaimer: The companies listed above are not ranked in any particular order.
The database security market is evaluated by gathering qualitative and quantitative data post primary and secondary research, which includes important corporate publications, association data, and databases. A few of the developments in the database security market are listed below:
The “Database Security Market Size and Forecast (2021–2031)” report provides a detailed analysis of the market covering below areas:
The global database security market is expected to reach US$ 50.30 billion by 2031.
The key players holding majority shares in the global database security market are Datasparc Inc., SAP SE, ScaleGrid, MICRO FOCUS, Thales, Oracle Corporation, IBM Corporation, Fortinet, and Trustwave.
The preference for a hybrid cloud for faster innovation is anticipated to drive the market in the forecast period.
The enactment of new database security regulations, growing volumes of business data and exponential rise in potential for cyberattacks with the popularity of IoT are some of the factors driving the database security market.
North America is anticipated to dominate the database security market in 2023.
The expected CAGR of the database security market is 14.6%.