- Database security is a set of protocols which helps to protect data of organizations from unauthorised access and protects the confidential data from assaults and threats.
- A database security solution helps to ensure the security of data included in databases, database management systems, and database servers.
- Increase in digitization and adoption of cloud-based database monitoring and data loss services in different industries to ensure the security of operational and confidential data of an enterprise is expected to fuel the adoption of database security solutions in various industries during the forecast period.
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Global Database Security Market: Dynamics
Global Database Security Market: Key Drivers
- Adoption of sophisticated database security solutions in various industries is increasing consistently to improve the security of confidential and private data of organizations from cyber-attacks. By exploring AI and ML technologies, hackers initiate sophisticated cyber-attacks, which remains undetected sometimes. The need to protect the personal information of staff, users, and subscribers from these type of cyber-attacks is estimated to boost the database security market.
- Growing demand for database security tools in enterprises can be attributed to the need to protect legacy database of old software and hardware which cannot be refurbished. A company cannot secure the server database due to continuous changes made in the server. Hence, database security tools are a prominent option for database security. This factor is projected to fuel the demand for database security during the forecast period
- Rise in demand for datasecurity solutions from governments and the e-commerce sector to ensure the security of data from cyber-attacks and threats is anticipated to boost the demand for database security during the forecast period
- However, high installation cost of database security solutions in IT security operations in various organizations is expected to hamper the database security market.
- Lack of awareness about multi-layered security solutions among enterprises further hinders the database security market
- Nevertheless, increasing acquisitions in the database security market generates significant opportunities for the growth of the market
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Impact of COVID-19 on the Global Database Security Market
- The COVID-19 pandemic has had a severe impact on various industries across the globe, which has resulted in economic slowdown in most countries. Thus, it also has had a high impact on governments and corporate firms, which resulted in temporary and permanent closure of enterprises during the pandemic situation.
- Most companies have adopted the work from home culture due to the pandemic, for which companies need to provide a more secure way of communication to every employee working from a different location. Most companies are facing issues and struggling to deliver data in a secure manner due to the work from home trend.
- Hence, it is essential to adopt database security solutions in a company, for secure transmission of data.
- Therefore, COVID-19 has advanced the database security market during the lockdown situation
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North America to Hold Major Share of Global Database Security Market
- In terms of region, the global database security market can be divided into North America, Europe, Asia Pacific, Middle East Africa, and South America
- North America is a prominent region of the global market due to the extensive presence of database security solution providers, and rise in investments by well-established IT firms in the U.S. and Canada in research and development which is expected to fuel the demand for database security in the region
- Growing penetration of e-commerce companies in Asia Pacific which rapidly expands internet-based services along with real-time access is anticipated to boost the demand for database security in the region
- Rising number of cybercrimes and data breach activities in Europe is expected to drive the demand for database security in the region
- Rise in adoption of Bring your own Device (BYOD) services in Middle East Africa is expected to boost the demand for database security in the region during the forecast period
- Increase in adoption of advanced technologies such as AI, ML, and analytics in South America is leading to focus on database security, which is projected to boost the demand for database security in the region
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Key Players Operating in Global Database Security Market Include:
- Alibaba Cloud International
- Cylance Inc.
- Cloudera, Inc.
- Huawei Technologies Co., Ltd.
- International Business Machines Corporation
- Intel Corporation
- Fortinet, Inc.
- Oracle Corporation
- OneNeck IT Solutions LLC
- Microsoft Corporation
- Micro Focus International plc
- McAfee, LLC
- Sophos Ltd.
- Symantec Corporation
- Thales Group
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