The database security market is projected to reach US$ 16,273.8 million by 2028 from US$ 6,396.5 million in 2021; it is estimated to grow at a CAGR of 14.3% from 2021 to 2028.

Companies maintain vast database comprising customer records, financial records, and many more. Regular audits are required to precisely monitor such databases and protect them from cyberattacks. The cybersecurity threats to databases depend 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 solutions provide protection against, both, external and internal attacks. Major factor impacting the database is poor change management during upgrade cycles. Database security software helps reduce the chances of unwanted changes and provide accountability, which is driving the database security market growth.

In 2020, there has been a surge in the expansion of cloud-based applications and services across the world; over the next two years, three out of every four enterprises (75%) are planning to build more applications on the cloud. The cloud has gone beyond being just a foundation for the development of new applications, and it is quickly becoming a popular and preferred location for hosting existing business-critical apps. Enterprises plan to use cloud platforms for new and expanded purposes, whether they are early in the adoption cycle or seasoned cloud users is creating huge opportunities for the market players to design efficient Database Security across both economies.

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Database Security Market: Strategic Insights

Database Security Market

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  CAGR (2021 - 2028)

  14.3%
• Market Size 2021
  US$ 6.4 Billion
• Market Size 2028
  US$ 16.27 Billion

Market Dynamics

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FUTURE TRENDS

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OPPORTUNITIES

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Key Players

• Datasparc Inc.
• SAP SE
• ScaleGrid
• MICRO FOCUS
• Thales
• Oracle Corporation
• IBM Corporation
• McAfee
• Fortinet

Regional Overview

• North America
• Europe
• Asia-Pacific
• South and Central America
• Middle East and Africa

Market Segmentation

Component

• Software and Services

Application

• SMEs and Large Enterprise

Industry Vertical

• BFSI
• IT and Telecom
• Manufacturing
• Healthcare
• Government
• Retail
• Others

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Impact of COVID-19 Pandemic on Database Security Market

The COVID-19 pandemic has severely affected North American countries, especially the US. The adoption and growth of new technologies owing to favorable government policies the presence of a huge industrial base, and high purchasing power, especially in developed countries such as the US and Canada is boosting the development of database security solution. Hence, any impact on the growth of industries is expected to hamper the region's economic growth. Presently, the US is the world's worst-affected country due to the COVID-19 outbreak. The country is a prominent market for database security. An exponential spread of the disease in the country have positively affected the businesses of software providers. North America is home to many technology companies, and the impact of the COVID-19 outbreak was high in 2020 and the first quarter of 2021.

 

Market Insights

Enactment of New Database Security Regulations Bolsters Database Security Market Growth

Major data protection laws and regulations rolled out across the world include the General Data Protection Regulation (GDPR) of Europe; the global Payment Card Industry Data Security Standard (PCI DSS); and the Health Insurance Portability and Accountability Act (HIPAA), the Federal Information Security Management Act of 202 (FISMA), the Family Educational Rights and Privacy Act (FERPA), and the Gramm–Leach–Bliley Act (GLBA) of the US. The NIST SP 800-53, NIST Cybersecurity Framework, ISO 27000 series, and BS 10012 are among the most popular frameworks adopted by most of the businesses in the world.

Component-Based Market Insights

Based on component, the database security market is segmented into solutions and services. The database security solutions include database auditing and reporting, encryption and tokenization, data masking, encryption and tokenization, and so on. The database security solutions and services provide protection from spamming and fraudulent activities. These solutions are deployed in the organizations to safeguard their critical information from hackers.

Organization Size-Based Market Insights

Based on Organization Size, the market is segmented into SMEs and large enterprises. There is an increase in the adoption of database security products across large enterprises. Similarly, employers are searching for cost-effective security solution across different industries such as heathcare, retail, and many more.

Product development is a commonly adopted strategy by companies to expand their product portfolio. Datasparc Inc., SAP SE, ScaleGrid, MICRO FOCUS, Thales, Oracle Corporation, IBM Corporation, McAfee, Fortinet, and Trustwave are among the key database security market players implementing this strategy to enlarge their customer base and gain significant market shares, which, in turn, allows them to maintain their brand name globally. A few of the recent key developments in the market are as follows:

• In 2021, SaaS version of DBHawk of Datasparc is capable of managing Oracle, Microsoft SQL Server, Amazon Aurora, Amazon RDS, Redshift, Teradata, MongoDB, MySQL, PostgreSQL, Presto, Hive, Cassandra and DB2, Okta integration, and VPC peering, among others.
• In 2019, Micro Focus announced the release of its Voltage SecureData z/Protect 8.1.0. The new release has an added feature that supports the second-gen Format-Preserving Encryption; second-gen Secure Stateless Tokenization; and Format-Preserving Hash.

Database Security Market Report Scope

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Database Security Market Segmentation:

By Component

• Solution
• Services

By Organization Size

• SME
• Large Enterprise

By Industry

• BFSI
• IT & Telecom
• Manufacturing
• Healthcare
• Government
• Retail
• Others

Company Profiles

• Datasparc Inc.
• SAP SE
• ScaleGrid
• MICRO FOCUS
• Thales
• Oracle Corporation
• IBM Corporation
• McAfee
• Fortinet
• Trustwave