The Database Security Market Will Record Substantial Expansion

Database security is a set of protocols that helps protect organizations’ data from unauthorized access and protects confidential data from attacks and threats.

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A database security solution helps to ensure the security of data included in databases, database management systems and database servers. An increase in digitization and adoption of cloud-based monitoring and data loss services across different industries to ensure the security of an enterprise’s operational and confidential data is expected to fuel the adoption of the security market databases in various sectors during the forecast period.

Global Database Security Market: Key Drivers

The adoption of sophisticated database security solutions in various industries is constantly increasing to improve the security of organizations’ confidential and private data against cyber attacks. By exploring AI and ML technologies, hackers are launching sophisticated cyberattacks, which sometimes go undetected. It is estimated that the need to protect the personal information of staff, users and subscribers against these types of cyber attacks will drive the database security market.

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The growing demand for database security tools in enterprises can be attributed to the need to protect legacy databases from old software and hardware that cannot be refurbished. A company cannot secure the server database due to continuous changes to the server. Therefore, database security tools are an important option for database security. This factor is expected to fuel the demand for database security during the forecast period

Rising demand for data security solutions from governments and e-commerce industry to keep data safe from cyber attacks and threats is expected to drive the demand for database security during the period forecast

However, the high cost of installing database security solutions in IT security operations of various organizations is expected to hamper the database security market.

Lack of awareness of multi-layered security solutions among enterprises further hampers the database security market

Nevertheless, growing acquisitions in the database security market are generating significant opportunities for market growth

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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 around the world, which has led to an economic downturn in most countries. Thus, it has also had a great impact on governments and businesses, resulting in the temporary and permanent closure of businesses during the pandemic situation.
Most companies have embraced the work-from-home culture due to the pandemic, for which companies need to provide a more secure means of communication for each employee working from a different location. Most businesses are facing issues and struggling to deliver data securely due to the trend of working from home.
It is therefore essential to adopt database security solutions in a company, for the secure transmission of data.

Hence, COVID-19 has pushed the database security market forward during the lockdown situation
North America will hold a major share of the 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 an important region in the global market owing to the large presence of database security solution vendors and increasing investment from well-established IT companies in the United States and Canada in the research and development, which should fuel the demand for databases. security in the region
Growing penetration of e-commerce businesses in the Asia-Pacific region, which is rapidly expanding internet services as well as real-time access, is expected to drive the demand for database security in the region

The growing number of cyber crimes and data breach activities in Europe is expected to drive the demand for database security in the region
Rising adoption of Bring your own Device (BYOD) services in the Middle East and Africa is expected to drive the demand for database security in the region during the forecast period
An increase in the adoption of advanced technologies such as AI, ML and analytics in South America is driving a focus on database security, which is expected to drive the demand for database security in the region

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Global Database Security Market: Competition Landscape

Several prominent players operating in the database security market have strong market presence and are experiencing rapid technological development
In March 2021, Fortinet, Inc., a key player in the database security market, acquired ShieldX, a network and cloud security provider to strengthen the portfolio of the network security industry.
In June 2020, Microsoft Corporation, a key player in the database security market, entered into a partnership with SAS to provide customers with SAS industry security solutions via the cloud.

Key players operating in the global database security market include:

Alibaba Cloud International
Cylance Inc.
Cloudera, Inc.
Huawei Technologies Co., Ltd.
International Commercial Machinery Society
intel company
Fortinet, Inc.
Oracle Corporation
OneNeck IT Solutions LLC
Microsoft Corporation
Micro Focus International plc
McAfee, LLC
Sophos ltd.
Symantec Company
Thales Group

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This press release was published on openPR.

Maria H. Underwood