Database Security Market Size to Worth Around US$ 16,273.8 Million by 2028

The database security market is projected to reach US$ 16,273.8 million by 2028 from US$ 6,396.5 million in 2021; it is estimated to grow at a CAGR of 14.3% from 2021 to 2028.

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Companies maintain vast database comprising customer records, financial records, and many more. Regular audits are required to precisely monitor such databases and protect them from cyberattacks. The cybersecurity threats to databases depend on factors such as network security, authentication, and encryption. The application of database security helps in protecting the data from unlicensed access owing to which it is increasingly being adopted to protect legacy databases. Thus, the implementation of database security tools proves to be a better decision for organizations that are not capable of securing a database server from hackers. One of the major types of attacks witnessed on the company's database is SQL injection, which can easily enter through an application and lead to security breaches. The database security solutions provide protection against, both, external and internal attacks. Major factor impacting the database is poor change management during upgrade cycles. Database security software helps reduce the chances of unwanted changes and provide accountability, which is driving the database security market growth.

Top Companies Mentioned:
• Datasparc Inc.
• SAP SE
• ScaleGrid
• MICRO FOCUS
• Thales
• Oracle Corporation
• IBM Corporation
• McAfee
• Fortinet
• Trustwave

Market Insights
Enactment of New Database Security Regulations Bolsters Database Security Market Growth
Major data protection laws and regulations rolled out across the world include the General Data Protection Regulation (GDPR) of Europe; the global Payment Card Industry Data Security Standard (PCI DSS); and the Health Insurance Portability and Accountability Act (HIPAA), the Federal Information Security Management Act of 202 (FISMA), the Family Educational Rights and Privacy Act (FERPA), and the Gramm-Leach-Bliley Act (GLBA) of the US. The NIST SP 800-53, NIST Cybersecurity Framework, ISO 27000 series, and BS 10012 are among the most popular frameworks adopted by most of the businesses in the world.

Database Security Market Segmentation:
By Component:
• Solution
• Services

By Organization Size:
• SME
• Large Enterprise

By Industry:
• BFSI
• IT & Telecom
• Manufacturing
• Healthcare
• Government
• Retail
• Others

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Product development is a commonly adopted strategy by companies to expand their product portfolio. Datasparc Inc., SAP SE, ScaleGrid, MICRO FOCUS, Thales, Oracle Corporation, IBM Corporation, McAfee, Fortinet, and Trustwave are among the key database security market players implementing this strategy to enlarge their customer base and gain significant market shares, which, in turn, allows them to maintain their brand name globally. A few of the recent key developments in the market are as follows:

• In 2021, SaaS version of DBHawk of Datasparc is capable of managing Oracle, Microsoft SQL Server, Amazon Aurora, Amazon RDS, Redshift, Teradata, MongoDB, MySQL, PostgreSQL, Presto, Hive, Cassandra and DB2, Okta integration, and VPC peering, among others.

• In 2019, Micro Focus announced the release of its Voltage SecureData z/Protect 8.1.0. The new release has an added feature that supports the second-gen Format-Preserving Encryption; second-gen Secure Stateless Tokenization; and Format-Preserving Hash.

Key Elements that the report acknowledges:
• Growth rate and market size over the analysis timeframe.
• Key factors stimulating and hindering market expansion.
• Leading vendors and suppliers of the market.
• Exhaustive SWOT analysis of each company.
• Detailed PEST analysis by region.
• Opportunities and threats faced by the existing vendors in Database Security market.
• Strategic initiatives undertaken by leading players.

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Additionally, the report includes an exhaustive analysis of the market and concludes with precise estimates of the revenue generation by each segment, country, region and company. Every detail that might prove to be essential for making strategic decisions is mentioned along with solutions and suggestions from expert analysts. Each segment of the market is studied extensively to provide reliable knowledge for supplementary market investments.

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