DUBLIN, 22 November 2021 / PRNewswire / – The “Global database security market by component (solution and services), sales function (marketing, sales, finance, operations), organization size (large companies and SMEs), mode of deployment (cloud and on-premise) ), vertical and region – forecast to 2026 “ the report was added to ResearchAndMarkets.com offer.
The global database security market is expected to grow by $ 6.3 billion in 2021 to $ 11.5 billion by 2026, at a compound annual growth rate (CAGR) of 12.6% from 2021 to 2026. Major factors fueling the database security market include increasing demand for sophisticated security solutions, changing regulatory landscape and increasing volumes of business data across all industries.
Services will grow at a higher CAGR over the forecast period
Database security providers help their customers to use security products effectively and maintain their products with the help of database security services. These players offer managed and professional services to detect and select solutions adapted to risk management and data protection. Additionally, these services help collect, filter, integrate and link multiple security data events. Professional services include consulting, support and maintenance, education and training, and risk management services to help customers proactively secure sensitive data. These services are based on tools, advanced technologies and strategies.
Managed services are provided in the form of outsourcing certain IT operations to a service provider, which remotely manages security. Increased security requirements have altered regulatory compliance and stringent Service Level Agreements (SLAs) are expected to drive market growth. Some of the renowned players offering database security services include IBM, Oracle, McAfee, Trend Micro, Gemalto, Trustwave, Symantec, Imperva, and Fortinet.
In the organizations size segment, large companies will have higher market share during the forecast period
Large enterprises are defined as business entities with more than 1,000 employees. Large enterprise segment is estimated to dominate the database security market with its significant share. In addition, it also contributes to the backbone of the global economy. The demand for fast access to data has increased the use of personal devices.
However, the heavy use of corporate data by a large workforce has increased the threat of data misuse, unauthorized access and data theft. These problems, in turn, can affect the operation of businesses and their profitability. So, to protect databases against cyber attacks, data theft and unauthorized access, large companies are considering adopting database security solutions.
The market research covers the size of the Database Security market across all segments. It aims to estimate the market size and the growth potential of this market in different segments: by component, by mode of deployment, by size of organization, by vertical and by region. The study also includes an in-depth competitive analysis of key market players, along with their company profiles, key observations related to product and business offerings, recent developments, and key market strategies.
- Growing demand for sophisticated security solutions
- Changing regulatory landscape
- Growing volumes of business data across industries
- Budget constraints and high installation cost of solutions
- Internal threats
- The proliferation of cloud-based applications and services
- Ever-changing IT landscape
- Lack of awareness of multi-layered security
- Lack of skilled labor
- Amazon Web Services (AWS)
- single collar
- Optimal Security
- Penta Security
- Scale grid
- Trend Micro
- Wave of confidence
- Alibaba Cloud
- Micro focus
- Thales Group
For more information on this report, visit https://www.researchandmarkets.com/r/g7z5yx
Research and markets
Laura Wood, senior
For EST office hours, call + 1-917-300-0470
For USA / CAN call toll free + 1-800-526-8630
For GMT office hours, call + 353-1-416-8900
US Fax: 646-607-1907
Fax (outside the United States): + 353-1-481-1716
SOURCE Research and Markets