Database Security Assessment Market: Global Market Size, Industry Growth, Future Prospects, Opportunities and Forecast 2019-2025

The database security assessment market is anticipated to have substantial growth in the forecast period (2019-2025). A database security assessment is a tool that assists in the identification of attacks, and malicious activities in a database. Further, this system enables the critical valuation of data and information contained in a database. This tool recognizes potential sensitive data in the database where the application can introduce a threat in the future. Thus, the database security assessment enables mitigation of future risk and recommends changes accordingly for safer working.

Key players in this market offer multiple assessment services that include threat assessment, vulnerability assessment, penetration testing services, security program assessment, and risk assessment. Further, the database security assessment services assist organizations in evaluating their existing security system and critical business infrastructure. Rising cases of malware attacks and increasing use of the Internet of Things (IoT) have led organizations of all sizes to adopt security assessment services.

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The database security assessment market is being driven by multiple factors that include increased focus of lawmakers, database security regulators and government authorities for improving compliance requirements for database security. Further, the rise in network breaching, Denial of Service (DoS) attacks and SQL injection has increased the demand for database security assessment solutions. However, the market growth is stunted due to factors such as lack of awareness across organizations and budgetary constraints.
Additionally, the pricing of databased security assessment services is quite high due to the high cost involved in innovation and research and development for designing such solutions. The increasing instances of security breaches over the years have led to the forceful application of IT security systems by the organizations. However, this initial investment cost turns out to be very expensive for small and medium enterprises.

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The major companies operating in the global database security assessment industry include Absolute Software Corp., BlackBerry Ltd., IBM Corp., FireEye, Inc., IBM Corp., Qualys, Inc., Oracle Corp., Rapid7 LLC, and so on. The companies adopt various strategies to retain their global position and expand in the market. These strategies include partnerships and collaborations, geographical expansion, launching new solutions, and mergers and acquisitions.

Current Market Trends Covered in the Market Report:

• Increased application of database security assessment systems in manufacturing, BFSI, and healthcare sector
• Increased assessment of digital infrastructure of organizations
• Increased demand for database security assessment systems due to increasing cyber-attacks
• Finding new markets – a key driver of this market

Global Database Security Assessment Market – Segmentation

By Deployment Model

• Cloud
• On-premises

By Industry Vertical

• Telecom & IT
• BFSI
• Healthcare
• Energy and Utilities
• Others (Retail, Government and Manufacturing)

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Global Database Security Assessment Market –Region

North America
• US
• Canada

Europe
• Germany
• UK
• France
• Spain
• Italy
• Rest of Europe

Asia-Pacific
• China
• India
• Japan
• Rest of Asia-Pacific

Rest of the World
• Middle East & Africa
• Latin America

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