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(USGovernment-News.Com, February 20, 2018 ) The Global Database Security Market was valued at USD 2.61 billion in 2016 and is projected to reach USD 12.16 billion by 2025, growing at a CAGR of 18.65% from 2017 to 2025.
Database Security refers to the collective measures used to protect and secure a database or database management software from illegitimate use and malicious threats and attacks. It is a broad term that includes a multitude of processes, tools and methodologies that ensure security within a database environment. Benefits of database security include - protect against attacks with a database proxy, robust logging, encryption of sensitive data, cost-effective, audits and monitors database activity.
Some of the prominent players in the global market for Database Security are 1. IBM Corporation 2. Thales E-Security 3. Fortinet 4. Micro Focus 5. Hexatier 6. Protegrity 7. Oracle 8. Trustwave 9. Mcafee 10. IRI 11. Imperva 12. Gemalto
These major players have adopted various organic as well as inorganic growth strategies such as mergers & acquisitions, new product launches, expansions, agreements, joint ventures, partnerships, and others to strengthen their position in this market.
Market Dynamics: 1. Market Drivers 1.1 Increasing volumes of business data across industries 1.2 Increasing demand for sophisticated security solutions 1.3 Rising acquisitions in the database security solutions market 1.4 Adoption of cloud-based applications and services 2. Market Restraints 2.1 Lack of technical workforce 2.2 High installation cost of solutions 2.3 Poor awareness about multi-layered security
Market Segmentation: The Global Database Security Market is segmented on the basis of organization size, component, deployment model, business function, and vertical.
1. Organization Size: 1.1 Large Enterprises 1.2 Small and Medium Organizations
2. By Component: 2.1 Software 2.1.1 Data masking and redaction 2.1.2 Access control management 2.1.3 Database auditing and reporting 2.1.4 Encryption and tokenization 2.1.5 Others 2.2 Services 2.2.1 Professional services 2.2.2 Managed services
3. By Deployment Model: 3.1 Cloud-based 3.2 On-premises
4. By Business Function: 4.1 Operations 4.2 Finance 4.3 Marketing 4.4 Sales 4.5 Others
5. By Vertical: 5.1 Telecommunications and IT 5.2 Energy and Utilities 5.3 Government and Defense 5.4 Media and Entertainment 5.5 Banking, Financial Services, and Insurance (BFSI) 5.6 Retail and E-Commerce 5.7 Healthcare and Life Sciences 5.8 Manufacturing 5.9 Others
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