Small And Medium Enterprises Segment to Contribute Significantly to the Database Security Market Growth Due to Various Benefits it Offers Analysis by Key Players: Alibaba Cloud International, BlackBerry Limited., Cloudera, Inc., Huawei Technologies Co., L

At a CAGR of 12.6% throughout the course of the projection period, it is expected that the global database security market will increase from USD 6.3 billion in 2021 to USD 13.44 billion by 2030. Throughout the projection period, the utilization of database security solutions is anticipated to expand as more industries turn to cloud-based database monitoring and data loss services to safeguard the security of an enterprise's operational and sensitive data.

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The confidentiality and security of an organization's data are ensured through a group of techniques collectively referred to as database security. The term "database security" refers to a group of methods used to shield databases against threats, intrusions, and illegal access. Data stored in databases, database management systems, database servers, and other workflow programs are kept secure thanks to this.

List of Key Companies Profiled:
• Alibaba Cloud International
• BlackBerry Limited.
• Cloudera, Inc.
• Huawei Technologies Co., Ltd.
• IBM Corporation
• Intel Corporation
• Fortinet, Inc.
• Oracle
• OneNeck IT Solutions LLC
• Microsoft Corporation
• Micro Focus International plc
• McAfee, LLC
• Sophos Ltd.
• Symantec Corporation
• Thales Group

The small and medium enterprises segment of the global database security market is predicted to develop at a higher CAGR over the forecast period based on the size of the enterprise. SMEs are looking for trustworthy database security solutions to save money, time, and resources. The popularity of cloud services is expected to increase for a number of reasons, including flexibility, disaster recovery, automatic upgrades, low capital expenditure, collaboration, document control, and security.

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Actually, the cloud-based deployment method has helped SMEs cut costs and provide IT services on par with those of big businesses. In the cloud deployment method, the cloud service providers also address issues with the database security solution. These are the primary driving forces behind the SME segment's expansion.

As databases contain sensitive and important data, growing demand for dependable security solutions will propel the expansion of the worldwide database security market. This will make database security an essential part of IT infrastructure security. This information, which comes from a variety of sources, including customers and suppliers, must be kept confidential and adhere to the laws.

Industry Segmentation:

By Business Function
• Marketing
• Sales
• Finance
• Operations
• Others

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By Industry Vertical
• BFSI
• Telecommunication and IT
• Government and Defense
• Manufacturing
• Healthcare and life sciences
• Retail and E-commerce
• Energy and Utilities
• Media and Entertainments
• Others

Businesses may collect customer information such as an email address, phone number, credit card number, and other details during the purchase of a product. Cyberattacks have become much more frequent and sophisticated in recent years. Through the use of technology like machine learning, AI, and analytics, hackers are raising the level of complexity of their cyberattacks. This has led to a rise in database security usage and demand over security worries.

● In July 2020, Fortinet Inc. announced the release of Fortinet Secure SD-WAN, a new security solution for Multi-Cloud. This solution makes it possible for companies and users to securely access cloud services and apps by expanding the company's current Secure SD-WAN Cloud On-Ramp capabilities.

The demand for database security in North America, which is the region with the largest market for database security due to the region's abundance of database security solution providers and increased R&D investments by reputable IT companies in the United States and Canada, is anticipated to drive the growth of the global database security market.

By launching new programs and incorporating R&D into those that currently exist, governments and commercial businesses in countries like Canada, the US, and others expand their investment in security solutions, which ultimately spurs the expansion of the database industry in North America.

Globally, the database security market is fragmented, with firms competing to integrate new technology to enhance their product offerings. Other companies are forming strategic agreements to strengthen their market positions and get an advantage over rivals. Major market participants' primary strategy for gaining a competitive edge requires significant investment in R&D and continual technological advancements to fend off hostile attacks.

Alibaba Cloud International, BlackBerry Limited, Cloudera, Inc., Huawei Technologies Co., Ltd., Oracle, OneNeck IT Solutions LLC, Microsoft Corporation, Micro Focus International plc, McAfee, LLC, Sophos Ltd., Symantec Corporation, Thales Group, and other major market participants are among those driving the global database security market.

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