Database Security Market 2021, Research Studies on Products, Companies and Industry Segmentation by 2027 – Big Apple Buckets

The price of logistics increased by 34.9% in July 2022, disrupting the supply chain, while electricity prices rose by 15.5%, the highest level since February 2006. In addition, the number of US existing homes sold in July 2022 fell 5.95% to 4.85. million (seasonally adjusted annual rate), which was the lowest number since May 2020 and below the market forecast of 4.89 million. Residential sales fell for the sixth straight month as the mortgage rate peaked at 6.3%. The US economy continues to be heavily impacted by the global energy crisis, forcing people to spend less and save more.

The Global Database Security Market will reach USD 12.85 Billion by 2027. The Global Database Security Market is valued at around USD 5.60 Billion in 2020 and is expected to grow with a growth rate healthy by more than 12.60% over the forecast period 2021-2027.

Market Overview

Database security is a mechanism used to protect database information. As there are large volumes of data to be managed in enterprises, the demand for sophisticated security solutions is increasing day by day, which propels the database security market forward.

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Database security is an important part of any business. As businesses now possess a plethora of information about their customers, suppliers, and finances, etc. in their database. A cyberattack or data breach can result in the loss of billions. Moreover, cyberattacks and their sophistication have increased significantly in recent years. Hackers are now using AL, ML and different hard-to-detect technologies. According to Retarus, in 2020 the average cost of data breaches was $3.86 million, an average of $2.9 million was lost to cybercrime every minute. Along with this, the average time to identify and contain a breach was 280 days in the same year. Additionally, the regulatory landscape of the database security market is changing. Legislators are improving data security compliance requirements. Database security is enhanced to increase security against internal and external damage to the database. Organizations continuously monitor, audit, assess, report, classify, and improve database security. This should have a positive impact on the market.

However, high installation cost/budget constraints are hampering the growth of the market during the forecast period 2021-2027. Also, the prolification of cloud-based applications and services is expected to augment the market growth over the forecast period.

The regional analysis of Global Database Security Market is considered for the key regions such as Asia-Pacific, North America, Europe, Latin America and Rest of the World. North America is the leading region in the world in terms of market share owing to the increase in cyber attack incidents in the region as the government has formulated strict regulations regarding database security. While Asia-Pacific is also expected to show the highest growth rate during the forecast period 2021-2027. Industries are growing in the Asia-Pacific region, and the use of traditional data storage is no longer in use today. Thus, this has increased in massive data volume and it would create lucrative growth prospects for the Database Security Market in Asia Pacific region.

The major market players included in this report are:
Oracle
IBM
Trustwave
AWS
Microsoft
Alibaba Cloud
Micro focus
Huawei
Thales Group
Tencent

The objective of the study is to define the market size of different segments and countries in recent years and to forecast the values ​​to the next eight years. The report is designed to incorporate qualitative and quantitative aspects of the industry in each of the regions and countries involved in the study. Furthermore, the report also provides detailed information about the crucial aspects such as driving factors and challenges which will define the future growth of the market. Additionally, the report should also incorporate the opportunities available in the micro markets for stakeholders to invest in, along with the detailed analysis of the competitive landscape and product offerings of key players. The detailed segments and sub-segments of the market are explained below:

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By Component:
Software
Services
By business function:
Marketing
Sales
Finance
Operation
Others
By deployment mode:
Cloud-based
On the spot
By organization size:
Small and medium enterprises
Large companies
By 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

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The geographical segmentation of the market in the research report is listed as follows:

  • North America
  • Europe
  • Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of the world

This report answers the following key questions:

  • What is the size of the market as a whole in 2021? What rate of market expansion is expected between 2022 and 2030?
  • Which region would experience strong demand for property in the coming years?
  • What are the variables favoring the expansion of the market?
  • Which sub-market will have the most impact on the market?
  • What market opportunities exist for established and new players?
  • What different short-term and long-term tactics have market participants adopted?

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