Global Database Security Market – Industry Trends and Forecast to 2030

Global Database Security Market, By Component (Software and Services), Business Function (Marketing, Sales, Finance, Operations and Others), Deployment Model (On-Premises and Cloud), Organization Size (Small and Medium-Sized Enterprises and Large Enterprises), Vertical (Banking, Financial Services, and Insurance, Telecommunications and IT, Government and Defense, Manufacturing, Healthcare and Life Sciences, Retail and E-commerce, Energy and Utilities, Media and Entertainment, and Others) – Industry Trends and Forecast to 2030.

Database Security Market Analysis and Size

The database security market is anticipated to grow during the forecast period because the demand for the database security solutions increases and government regulations in various countries tighten to prevent assaults and threats and protect data security. Moreover, the increasing requirement for effective security solutions for data which has created by advanced technologies such as  IoT, cloud-based services and Big Data, among others has resulted in increased the adoption of database security and enhanced the market growth. 

Data Bridge Market Research analyses that the database security market is expected to reach USD 25.97 billion by 2030, which is USD 7.05 billion in 2022, at a CAGR of 17.70% during the forecast period. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, and pestle analysis.

Database Security Market Scope and Segmentation

Market Definition

Database security is a group of protocols used to make the database secure, protect database from attacks, preclude unauthorized access to that database, unlawful usage, and threats. Database security performs many commands that ensure security and privacy within an organization environment. It allows security for data which is stored in areas such as in database, database management systems, database servers, and other workflow applications.

Database Security Market

Drivers

• Stringent regulatory framework accelerate database security market

One of the major factor which is expected to drive of the database security market is now numerous industries are required to comply with many regulations that address information security, including Gramm–Leach–Bliley Act (GLBA), Health Insurance Portability and Accountability Act (HIPAA), Payment Card Industry Data Security Standard (PCI-DSS), Examination Council (FFIEC), Federal Financial Institutions and Sarbanes–Oxley Act (SOX). These stringent regulatory frameworks accelerate the database security market and are anticipated to enhance the market growth rate.

• Increasing concern regarding data privacy

The major factor which is likely to increase the demand for the database security solutions is the growing concern regarding data privacy among organizations. With the proliferation of databases in numerous sectors, such as retail, e-commerce, telecommunications, financial services, healthcare and insurance, data protection is increasingly more important, reinforcing the demand for database security solutions in the global markets.

Opportunities

• Increasing volumes of business data

The increasing growth of business data will likely to create immense opportunities for the market growth. The major industries have been making large amounts of data, creating many issues such as data corruption or data loss through breaches. This factor creates major demands for the database security systems which aids to access data securely with efficient security breach protection, therefore improving the productivity standards of organizations.

• Growing usage of database security for protection of databases

Database security solutions are mainly used to protect databases from modification, unauthorized access, disclosure, or destruction of data. These solutions comprise some methods such as user authentication, access control, authorization, encryption of data and audit trails that only authorized customers can access the data. Encryption of data makes data unreadable without the password.  Therefore, growing usage of database security for protection of databases is expected to create lucrative opportunities for the growth of the market.

Restraints

• High cost and lack of awareness associated with database security

High installation price of database security system in the organization and requirement for regular maintenance along with high cost of maintenance are some of the major factors which could hamper the growth of the database security market. Furthermore, lack of awareness regarding database security and limited budgets of companies are some other factors which could hamper market growth to a certain extent.

This database security market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the database security market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.

Recent Development

• In 2021, Fortinet which is a leading automated cybersecurity solution provider has, signed an agreement with Savex Technologies to further expand its security market footprint in India. With this agreement, builds strong demand for new solution to secure the edges that make up the new network including the local-area network (LAN), remote workers, data center, WAN  and cloud access.
• In 2020, Open Raven announced the introduction of modern data security platform that provides control and visibility for enterprise data protection. This platform has been planned with an open source core under Apache 2.0 license to act as a sophisticated solution for the complex problems of data security.
• In 2020, jSonar announced the introduction of jSonar 4.2 as a major update towards its compliance platform and database security. With this introduction, the company had prolonged its expertise of data monitoring, auditing and security by addition of AI powered SDM system. This addition of SDM system will help users towards managing and classifying sensitive data more efficiently.

Global Database Security Market Scope

The database security market is segmented on the basis of component, business function, deployment model, organization size and vertical. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Component

• Software
• Encryption and Tokenization
• Database Auditing and Reporting
• Data Masking and Redaction
• Others
• Services
• Managed Services
• Professional Services
• Consulting Services
• Education and Training
• Support and Maintenance
• Risk Assessment Services

 Business Function

• Marketing
• Sales
• Finance
• Operations
• Others

Deployment Model

• On-Premises
• Cloud

Organization Size

• Small and Medium-Sized Enterprises
• Large Enterprises

 Vertical

• Banking, Financial Services, and Insurance
• Telecommunications and IT
• Government and Defense
• Manufacturing
• Healthcare and Life Sciences
• Retail and E-commerce
• Energy and Utilities
• Media and Entertainment
• Others

Database Security Market Regional Analysis/Insights

The database security market is analyzed and market size insights and trends are provided by country, component, business function, deployment model, organization size and vertical as referenced above.

The countries covered in the database security market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.

North America dominates the database security market in terms of revenue and market owing to the presence of major market players and rising technological advancement in the product portfolio in this region.

Asia-Pacific will continue to project the highest compound annual growth rate during the forecast period of 2023-2030 because companies become increasingly concerned about data security in this region.

The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of Global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.   

Competitive Landscape and Database Security Market Share Analysis

The database security market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, Global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to database security market.

Some of the major players operating in the database security market are:

• Thales (France)
• IBM (U.S.)
• Oracle (U.S.)
• Cisco Systems Inc. (U.S.)
• Hewlett Packard Enterprise Development LP (U.S.)
• Intel Corporation (U.S.)
• Trustwave Holdings, Inc. (U.S.)
• McAfee, LLC (U.S.)
• Micro Focus (U.K.)
• Fortinet Inc. (U.S.)
• Imperva (U.S.)
• Fireeye, Inc (U.S.)
• Innovative Routines International (IRI), Inc. (U.S.)
• RSA Security LLC (U.S.)
• BlackBerry Limited (Canada)