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Database Security Market Growing at a CAGR 12.6% | Key Player Fortinet, Mcafee, Trustwave, Microsoft, Micro Focus

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Database Security Market Growing at a CAGR 12.6% | Key Player Fortinet, Mcafee, Trustwave, Microsoft, Micro Focus

November 20
02:35 2021
Database Security Market Growing at a CAGR 12.6% | Key Player Fortinet, Mcafee, Trustwave, Microsoft, Micro Focus
Oracle (US), IBM (US), Trustwave (US), McAfee (US), Fortinet (US), Cloudera (US), AWS (US), Microsoft (US), IRI (US), Micro Focus (US), Imperva (US), Alibaba Cloud (China), Huawei (China), Mak Logic (US), Thales Group (France), Tencent (China), Protegrity (US), Trend Micro (UK), Hashicorp (US), Datasparc (US), Scalegrid (US), Optiv Security (US), Zimcom (US), OneNeck (US)
Database Security Market by Component (Solution and Services), Business function (Marketing, sales, finance, operations), Organization Size (Large Enterprises and SMEs), Deployment Mode (Cloud & On-premises), Vertical, & Region – Global Forecast to 2026

The global Database Security market size is expected to grow from USD 6.3 billion in 2021 to USD 11.5 billion by 2026, at a Compound Annual Growth Rate (CAGR) of 12.6% from 2021 to 2026. Database Security helps in performing various functions such as safeguarding databases from security breaches and hacking activities, put a stop to attacks such as malware contagious files, and other infections that are possible for unsecure database systems, protection for the server systems from any substantial harm that might result in the failure in data processing or data retrieval, etc.

By deployment mode, cloud based segment to hold the largest market size during the forecast period

The cloud deployment mode has witnessed tremendous growth in the database security market. It provides various benefits, such as scalability, speed and ease of deployment, low implementation costs, and agility. Due to all this features cloud adoption has been accelerated in COVID-19. Moreover, this deployment mode can help in securing high amounts of data at a minimal cost. It also provides the flexibility for enterprises to focus on their core function rather than managing the IT infrastructure. The cloud-based deployment mode offers a consolidated platform in the form of SaaS-based security services. These SaaS-based services help secure the databases, thereby turning out to be beneficial for organizations that have strict budgets for security investments. Therefore, organizations are moving toward the cloud deployment mode rapidly. In fact, it has been the most preferred deployment mode for database security.

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In vertical, retail and e-commerce to grow at the highest CAGR during the forecast period

The retail and eCommerce vertical is prominently growing in the database security market. The advancements in various technologies have encouraged this vertical to adopt electronic devices and other internet-based services, along with real-time access, to provide better quality services to customers. However, the use of electronic devices has led to fear of data theft and data loss among the retailers. Further, the growing cyber-attacks and data thefts have increased the pressure on the retailers to secure their databases.Such factors have also increased the adoption rate of the database security solutions for encrypting and protecting confidential and private information of customers that is stored in the databases. Database security in the eCommerce vertical has a vital role; it helps in retrieving the data from databases and web applications, which are prone to data hacking and malicious activities. Therefore, many eCommerce businesses are allocating significant amounts of their budget toward database security. In addition, the regulatory compliances, such as Advanced Encryption Standard (AES) and PCI DSS, have helped in retaining the privacy of customer-sensitive data.

Oracle (US), IBM (US), Trustwave (US), McAfee (US), Fortinet (US), Cloudera (US), AWS (US), Microsoft (US), IRI (US), Micro Focus (US), Imperva (US), Alibaba Cloud (China), Huawei (China), Mak Logic (US), Thales Group (France), Tencent (China), Protegrity (US), Trend Micro (UK), Hashicorp (US), Datasparc (US), Scalegrid (US), Optiv Security (US), Zimcom (US), OneNeck (US), Netwrix (US).

These players have adopted various growth strategies, such as partnerships, agreements and collaborations, new product launches and product enhancements, and acquisitions, to expand their presence in the Database Security market. Partnerships, agreements and collaborations, and new product launches have been the most adopted strategies by the major players from 2018 to 2021 to innovate their offerings and broaden their customer base.

Oracle was founded in 1977 and is headquartered in California, US. It is an established leading vendor of enterprise-grade products and solutions. The company’s broad portfolio of products and solutions include databases and relational servers, application development and decision support tools, and enterprise business applications. Oracle operates in the database security market with its comprehensive solution, namely, Oracle Database Security. The company is present in more than 145 countries, with more than 400,000 customers. As of 31st May 2017, Oracle employed around 138,000 people, among which 40,000 work in the R&D department. The company has its presence all over the globe, including the regions of the Americas, Europe, APAC, MEA, and Latin America.

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Trustwave was founded in 1995 and later acquired by Singtel group. Trutswave is a cybersecurity and managed security service provider. Trustwave offers a broad product portfolio to its customers which includes Managed security services, consulting and professional services and data protection technology. Trustwave provides auditing and data security with its platforms AppDetectivePRO and DBProtect. Trustwave also provide managed security services to secure user database which uses Its Fusion Platform to monitor security resource allocation. With more than 1600 employees Trustwave has 9 global security operation centers serving 96 client countries. It has presence in North America, MEA and APAC region.

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