Pune, India, Feb. 07, 2022 (GLOBE NEWSWIRE) -- According to MarketStudyReport, global database security market share was evaluated at USD 5.6 billion in 2020 and is slated to record a 12.6% CAGR over 2021-2027, reaching USD 12.85 billion by the end of the forecast period.
It then classifies the industry on the basis of component type, business function, deployment mode, organization type, and vertical. Furthermore, a comprehensive qualitative and quantitative analysis of the regional markets enables stakeholders to identify the most lucrative investment avenues in the forthcoming years.
The study also explicates the competitive dynamics of the industry by carefully deconstructing financials, product profiles, and major strategic approaches used by leading players to ensure a clearer perception of current market trends.
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High demand for advanced security solutions, growing volume of data generated across various sectors, and evolving regulatory landscape are the key factors driving industry growth.
Furthermore, increasing incidences of data breaches and cyberattacks is also expected to propel product demand in the upcoming years. Notably, hackers are now making use of sophisticated technologies such as AL, and ML, which make them much harder to detect. As per an IBM report, the average cost of data breaches was USD 3.86 million in 2020, and rose to USD 4.24 million in 2021, which was the highest average total cost recorded in the 17-year long history of the report. These factors are substantially enhancing the demand for database security services.
Additionally, proliferation of cloud-based application and services is likely to create new opportunities for industry partakers in the forthcoming years. However, high costs of installation and budget constraints faced by organizations might impede market development over 2021-2027.
Market segmentation overview
Based on component type, worldwide database security industry is bifurcated into services and software, while by business function the market classification consists of marketing, finance, sales, operation, and others.
Considering development mode, the business vertical is split into on premises, and cloud based, and the industry’s division on the basis of organization size comprises of small & medium sized enterprises, and large enterprises.
Lastly, elaborating on the end-user vertical, the market space is arrayed into banking, financial services & insurance (BFSI), government & defense, telecommunication & it, healthcare & life science, manufacturing, energy & utilities, retail & ecommerce, media & entertainment, and others.
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Geographical scope
From a regional perspective, North America database security market currently occupies a major share in terms of revenue, due to increasing incidence of cyberattack incidents, and imposition of strict regulations around database security by governments.
Meanwhile, Asia-Pacific industry is also anticipated to deliver a remarkable growth rate over the stipulated timeframe, triggered by rapid industrialization and a consequential shift from use of traditional data storage methods to digitization, which has created massive data volumes to be managed.
Global Database Security Market, by Component Type (Revenue, USD Billion, 2018-2027)
- Software
- Services
Global Database Security Market, by Business Function (Revenue, USD Billion, 2018-2027)
- Marketing
- Sales
- Finance
- Operation
- Others
Global Database Security Market, by Deployment Mode (Revenue, USD Billion, 2018-2027)
- Cloud Based
- On Premises
Global Database Security Market, by Organization Size (Revenue, USD Billion, 2018-2027)
- Small & Medium Sized Enterprises
- Large Enterprises
Global Database Security Market, by End-User Vertical (Revenue, USD Billion, 2018-2027)
- Banking, Financial Services & Insurance
- Government & Defense
- Telecommunication & IT
- Manufacturing
- Healthcare & Life Science
- Energy & Utilities
- Retail & Ecommerce
- Media & Entertainment
- Others
Global Database Security Market, by Regional Scope (Revenue, USD Billion, 2018-2027)
North America
- U.S.
- Canada
Europe
- U.K.
- Germany
- France
- Spain
- Italy
- ROE
Asia Pacific
- China
- India
- Japan
- Australia
- South Korea
- RoAPAC
Latin America
- Brazil
- Mexico
Rest of the World
Global Database Security Market, Competitive Landscape (Revenue, USD Billion, 2018-2027)
- Tencent Holdings Ltd.
- Thales S.A.
- Huawei Technologies Co. Ltd.
- Micro Focus International plc
- Alibaba Cloud
- Microsoft Corp.
- AWS Inc.
- Trustwave Holdings Inc.
- International Business Machines Corp.
- Oracle Corp.
Table of Content:
Chapter 1. Executive Summary
1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2019-2027 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption
Chapter 2. Global Database Security Market Definition and Scope
2.1. Objective of the Study
2.2. Market Definition & Scope
2.2.1. Scope of the Study
2.2.2. Industry Evolution
2.3. Years Considered for the Study
2.4. Currency Conversion Rates
Chapter 3. Global Database Security Market Dynamics
3.1. Database Security Market Impact Analysis (2019-2027)
3.1.1. Market Drivers
3.1.1.1. Growing demand for sophisticated security solutions
3.1.1.2. Evolving regulatory landscape for database security
3.1.1.3. Growing volumes of business data across industries
3.1.2. Market Challenges
3.1.2.1. High installation cost/ budget constraints
3.1.3. Market Opportunities
3.1.3.1. Prolification of cloud-based application and services
Chapter 4. Global Database Security Market Industry Analysis
4.1. Porter's 5 Force Model
4.2. PEST Analysis
4.2.1. Political
4.2.2. Economical
4.2.3. Social
4.2.4. Technological
4.3. Investment Adoption Model
4.4. Analyst Recommendation & Conclusion
Chapter 5. Global Database Security Market, by Component
5.1. Market Snapshot
5.2. Global Database Security Market by Component, Performance - Potential Analysis
5.3. Global Database Security Market Estimates & Forecasts by Component 2018-2027 (USD Billion)
5.4. Database Security Market, Sub Segment Analysis
5.4.1. Software
5.4.2. Services
Chapter 6. Global Database Security Market, by Business Function
6.1. Market Snapshot
6.2. Global Database Security Market by Business Function, Performance - Potential Analysis
6.3. Global Database Security Market Estimates & Forecasts by Business Functions 2018-2027 (USD Billion)
6.4. Database Security Market, Sub Segment Analysis
6.4.1. Marketing
6.4.2. Sales
6.4.3. Finance
6.4.4. Operation
6.4.5. Others
Chapter 7. Global Database Security Market, by Development Mode
7.1. Market Snapshot
7.2. Global Database Security Market by Development Mode, Performance - Potential Analysis
7.3. Global Database Security Market Estimates & Forecasts by Development Mode2018-2027 (USD Billion)
7.4. Database Security Market, Sub Segment Analysis
7.4.1. Cloud Based
7.4.2. On Premises
Chapter 8. Global Database Security Market, by Organization Size
8.1. Market Snapshot
8.2. Global Database Security Market by Organization Size, Performance - Potential Analysis
8.3. Global Database Security Market Estimates & Forecasts by Organization Size 2018-2027 (USD Billion)
8.4. Database Security Market, Sub Segment Analysis
8.4.1. Small and Medium Sized Enterprises
8.4.2. Large Enterprises
Chapter 9. Global Database Security Market, by Vertical
9.1. Market Snapshot
9.2. Global Database Security Market by Vertical, Performance - Potential Analysis
9.3. Global Database Security Market Estimates & Forecasts by Vertical 2018-2027 (USD Billion)
9.4. Database Security Market, Sub Segment Analysis
9.4.1. Banking, Financial Services and Insurance
9.4.2. Telecommunication and IT
9.4.3. Government and Defence
9.4.4. Manufacturing
9.4.5. Healthcare and life science
9.4.6. Retail and Ecommerce
9.4.7. Energy and Utilities
9.4.8. Media and Entertainments
9.4.9. Others
Chapter 10. Global Database Security Market, Regional Analysis
Related Report:
Physical Security Market Size, Industry Analysis Report, Regional Outlook, Growth Potential, Competitive Market Share & Forecast, 2021 - 2027
The physical security market industry is set to expand exponentially over the forthcoming years because of the booming hospitality sector, implementing advanced technologies for employee and asset safety across government sector, increasing demand for design and consulting services, and high demand for security screening solutions. Physical security is referred as the protection of software, hardware, networks, personnel, and data from physical actions as well as events that might cause serious damage or loss to an enterprise, institution or an agency. The IoT (Internet of things) is broadening the domain of physical security mainly because smart devices connected to business systems through the internet might be positioned outside of well-known secure perimeters. From a regional frame of reference, the expanding hospitality industry in North America region will encourage hotel owners to employ sophisticated security solutions for visitor and staff safety. This is likely to propel the regional physical security market trends.
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