Database security market size ($ 16,273.8 million by 2028) led by North America (33.15% market share) Coronavirus outbreak impact and analysis and Global Forecast from TheInsightPartners.com

The size of the database security market to reach $ 16,273.8 million by 2028 onwards $ 6,396.5 million in 2021 to grow at a CAGR of 14.3% from 2021 to 2028; while North America dominated in 2020 with a share of 38.73% and continue its domination by representing 33.15% of share in 2028 and Europe is the second largest contributor to the global market in 2020, followed by APAC.

NEW YORK, December 6, 2021 / PRNewswire / – According to our latest research study on Database Security Market Size, share, revenue, growth, trends, forecast to 2028 by component (software and services), application (SMEs and large enterprises) and vertical sector (BFSI, IT and telecommunications, manufacturing, healthcare, government, commerce retail and others) with the COVID-19 impact and global analysis available on https://www.theinsightpartners.com/covid-analysis-sample/TIPTE00002438

Database Security Market: Competitive Landscape and Key Developments

Datasparc Inc., SAP SE, ScaleGrid, MICRO FOCUS, Thales, Oracle Corporation, IBM Corporation, McAfee, Fortinet and Trustwave are among the major players operating in the database security market. Large companies in the market have adopted product launch and business expansion as key development strategies to deliver better products and services to customers.

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Here are some of the latest developments in the database security market:

In June 2021, IBM acquired ReaQta to unify and accelerate response to security threats, open security technologies, and further distinguished the company’s portfolio of connected devices.

In june 2020, Fortinet acquired OPAQ Networks, Inc., a Secure Access Service Edge (SASE) private cloud provider, which further enhanced the Fortinet Security Fabric platform by helping to develop zero-trust network access to SASE cloud solutions. .

Automation is essential to the success of a cloud strategy; Many technology leaders are prioritizing automation, which in turn has positively impacted the database security market. When purchasing a product, online sellers collect customer information such as mailing address, email address, credit card details, and contact number. Therefore, the security of IT infrastructure and databases is an essential aspect for companies to protect this sensitive data. Technological advancements and digital transformation continue to drive investments in Big Data. Thus, global spending on big data analytics solutions is expected to exceed US $ 274.3 billion by 2022. Cyber ​​security threats have a huge impact on big data technology companies, as many of them lose millions of their operating revenue due to poor data quality. To maintain an advantage in a highly competitive market with an increasing number of start-ups, companies must constantly innovate in their offerings. Big Data Analytics provides relevant insights / insights to Database Security industry experts to enable them to make informed decisions and help them develop strategic goals. This should help these big brands and business leaders outperform their competitors in the long run.

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United States, Canada, and Mexico are the main contributors to the database security market in North America. The region is characterized by the presence of major key players, such as IBM, Oracle, McAfee and Trustwave, which collectively hold the majority of the market in this region. Further, technological advancement and stable economic conditions are among the key factors contributing to the growth of the Database Security market in these regions.

US data protection law includes aspects such as data elimination, enabling notifications of data breaches, data protection requirements, and the proper use of social security numbers. California has over 25 state data privacy and security laws, including the recently enacted California Consumer Privacy Act of 2018 (CCPA), which has been in effect since January 1, 2020; it will be amended by the California Consumer Privacy Rights Act, which will likely come into force on January 1st, 2023.

The exponential increase in the potential of cyber attacks with the popularity of IoT and BYOD concepts offers growth opportunities to the data security market:

According to Kaspersky, around 1.5 billion attacks against smart devices, ranging from smartwatches to smart home accessories, and other Internet of Things (IoT) devices were reported in the first half of 2021. The scale of the problem has aroused the interest of many people. governments, which has benefited the database security market. Data protection service industries in India and China have experienced significant growth over the past five years, with many start-ups receiving FDI funding. For example, NASA and Stanford University fund Druva Inc., based in Pune, India.

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Database Security Market: Segment Overview

The database security market is segmented on the basis of components, organization size, industry, and geography. Based on components, the market is divided into software and services. By organization size, the database security market is sub-segmented into SMBs and large enterprises. On the basis of industry, the market is further segmented into BFSI, IT & Telecommunications, Manufacturing, Healthcare, Government, Retail, and others.

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