Database Security Market
Database Security market
The Database Security Market was estimated around USD 5,531 million in 2020 and is projected to grow at a CAGR of 12.2% during the forecast period (2021-2028).
The factors driving the growth of Database Security Market includes rise in the volume of data generated by businesses, increasing demand for advanced security solutions and rapid growth of the E-commerce industry. According to the report published by Statista, the retail sales of e-commerce industry in 2021 was estimated around USD 4.9 trillion and is further projected to reach USD 7.4 trillion dollars by the end of 2025, which is expected to boost the Database Security Market size in the approaching years. Moreover, rise in the number of cyberattacks around the world, growing adoption of cloud-based applications, penetration of IoT based devices and emerging need to comply with data privacy regulations, are some of the additional factors supplementing the market growth. As per Accenture's "State of Cybersecurity Resilience 2021", the number of cyber attacks in 2021 has risen by 31% during 2020 and 2021 to reach 270, which is pushing companies across the globe to adopt database security solutions
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However, the growth of Database Security Market is hindered due to high maintenance cost of deploying database security systems
Th leading players operating in the Database Security Market are IBM, Oracle, McAfee, LLC, Huawei Technologies Co., Ltd, Alibaba Cloud, Protegrity Inc., Fortinet, Inc, AWS, Microsoft and Datasparc Inc., among others.
Deployment Mode – Segment Analysis
According to the Database Security Market Trends, the Cloud Based segment is expected to expand at a significant CAGR over the forecast period because it helps to protect resources stored online from theft or leakage.
Vertical – Segment Analysis
Based on Vertical, the Retail and Ecommerce segment is projected to grow at a significant CAGR during the forecast period. The database security solutions provide real time access which helps to provide better quality services to customers and rise in the number of data breaches, are some of the factors augmenting the segment’s growth.
Regional – Segment Analysis
Based on Region, the Asia-Pacific region is predicted to capture a sizeable market share over the forecast period. The huge volumes of data generated in media and entertainment and manufacturing industries, increasing IT expenditure, rise in the number of cybercrimes, strict regulations imposed by Government about data privacy and growing demand for IoT enabled devices, are some of the important factors propelling the market growth in Asia-Pacific.
Market Segmentation
Global Database Security Market by Deployment Mode
- Cloud Based
- On Premises
Global Database Security Market by Vertical
- Energy and Utilities
- Media and Entertainments
- Retail and Ecommerce
- Banking, Financial Services, And Insurance
- Healthcare and life sciences
- Manufacturing
- Telecommunication and IT
- Government and Defense
- Others
Global Database Security Market by Organization Size
- SMEs
- Large Enterprises
Global Database Security Market by Component
- Software
- Services
Global Database Security Market by Region
- Asia Pacific
- China
- Japan
- India
- Rest of APAC
- North America
- United States of America
- Canada
- Europe
- United Kingdom
- Germany
- France
- Spain
- Rest of Europe
- RoW
- Brazil
- South Africa
- Saudi Arabia
- UAE
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