Companies maintain vast database comprising customer records, financial records, and many more. Regular audits are required to precisely monitor the database and prevent it from cyberattacks. The threats related to database depends on factors such as network security, authentication, and encryption. The application of database security helps in protecting the data from unlicensed access owing to which it is increasingly being adopted to protect legacy databases. Thus, the implementation of database security tools proves to be a better decision for organizations that are not capable of securing a database server from hackers. One of the major types of attacks witnessed on the company’s database is SQL injection, which can easily enter through an application and lead to security breaches. The database security protects the database from both external and internal attacks. The major factor impacting the database is poor change management during upgrade cycles. Database security software helps reduce any chances of unwanted change and provide accountability.
ORACLE, IBM, MCAFEE, FORTINET, and Trustwave – PROMINENT MARKET PARTICIPANTS IN DATABASE SECURITY MARKET
According to Kaspersky, ~1.5 billion attacks on smart devices that are ranging from smart watches to smart home accessories, and other Internet of Things (IoT) devices which were reported in the first half of 2021. . The magnitude of the problem has caught the interest of many governments, which has benefited the database security market. The data protection service industries in India and China have seen significant growth in the last five years, with many startup companies receiving FDI funding. For instance, Nasa and Stanford University are funding Druva Inc., based in Pune, India.
Healthcare is one of the leading industries supporting Bring-Your-Own-Device (BYOD) usage. According to the JMIR Mhealth Uhealth, ~27.79 million mobile devices that had installed medical applications were infected with at least one high-risk malware, possibly, due to the downloading vulnerable apps from unregulated app stores. In the US, ~53 million full-time workers own smartphones, and 90% of them use them for work. In 2020, the demand BYOD usage surged significantly among the employees after the onset of the COVID-19 pandemic. As a result, many smart device electronic manufacturers, including Dell, Mi, Xioami, Samsung, and Apple, began investing significant capital in the development of IoT and BYOD products.
Datasparc Inc., SAP SE, ScaleGrid, MICRO FOCUS, Thales, Oracle Corporation, IBM Corporation, McAfee, Fortinet, and Trustwave are some of the key market players operating in the global Database Security market. The listing of key players is derived by considering multiple factors such as overall revenue, current wholesale voice carrier product portfolio, geographical reach, new product launches, market initiatives, and investment in technology up-gradation, partnerships, and other market related activities. In addition to these players, there are several other important players operating in the Database Security market ecosystems which were studies analyzed during the course of this market research study.
Most of the market initiatives were observed in across the globe, which have a high potential of market-related products, solutions, and services. Few of the important market initiatives from the industry are mentioned below:
| Year | News | Region |
| 2021 | Benefitfocus, Inc. (NASDAQ: BNFT), an industry-leading benefits technology platform that simplifies benefits administration for employers, health plans, and brokers, has expanded its Benefit Catalog to include a full suite of benefits offerings from Standard Insurance Company (The Standard), a leading provider of financial protection products and services for employers and individuals. | North America |
| 2021 | For bswift clients and Channel Partners, bswift has partnered with CVS Health, which has been at the forefront of testing and vaccine administration since the beginning, to develop and deploy a COVID-19 vaccine and testing attestation solution. On the bswift platform, bswift Attest is a ready-to-use component that can be enabled. The solution will keep track of each employee’s COVID-19 vaccine and/or test status, review it, and report on it. | North America |
| 2021 | BenefitMall, the leading provider of next-generation broker services, has announced the launch of an integrated marketplace with Ease, which allows brokers and employers to manage the modern workforce with a fully digital, secure benefits purchasing and enrollment experience. | Europe |
| 2021 | Sage People U.S. Benefits has been launched by Sage, the market leader in cloud business management solutions. To maximise return on investment, this comprehensive benefits administration system can decrease HR work, improve accuracy, and find cost-cutting opportunities. PlanSource, a pioneer in cloud-based U.S. benefits, has partnered with Sage People to launch the new solution in Sage People. | North America |
