The report "Database Security Market by Software (Database Auditing & Reporting, Encryption & Tokenization, Data Masking & Redaction, and Access Control Management), Service, Business Function, Deployment, Organization Size, and Vertical - Global Forecast to 2022", The database security market size is expected to grow from USD 3.0 billion in 2017 to USD 7.0 billion by 2022, at a Compound Annual Growth Rate (CAGR) of 18.9% during the forecast period. The key factors driving the database security market include growing demand for sophisticated security solutions, evolving regulatory landscape and growing volume of business data across industries.
Browse 85 market data Tables and 46 Figures spread through 162 Pages and in-depth TOC on "Database Security Market by Software (Database Auditing & Reporting, Encryption & Tokenization, Data Masking & Redaction, and Access Control Management), Service, Business Function, Deployment, Organization Size, and Vertical - Global Forecast to 2022"
Access control management software segment to grow at the highest CAGR during the forecast period
Access control management authenticates the identities. It facilitates the right individual to access the right resource, at the right time, and for the right purposes. It comprises advanced authentication, directory technologies, password management, audit, and Single Sign-On (SSO) services. Access control ensures protection of data against criminal acts and other fraud activities, theft of sensitive data, and loss of data availability. The access control management software is said to be gaining traction in the market, as the internal fraudulent activities constitute a major share of the data breaches.
Operations business function segment to grow at a higher CAGR during the forecast period
Industrial organizations face several challenges in this era of connected devices, as they generate huge amounts of data that need to be managed and stored properly. In doing so, the organizations are facing various challenges, such as additional data security and privacy concerns. To encounter such challenges, organizations need to adopt appropriate solutions and practices that can help them secure the databases. With the advent of IoT, companies operating in verticals, such as manufacturing and mining, are dealing with a plethora of data on-premises, such as inventory control and production, along with the data captured from remote sensors in mining operations. With the massive amount of data being generated at different locations, organizations require effective database security solutions to manage the security of the data on a single platform.
North America to account for the largest market size during the forecast period
North America is expected to account for the largest market size in the overall database security market during the forecast period. This region houses some of the major vendors, such as IBM, Gemalto, Trustwave, and Oracle. The US and Canada are expected to be the highest revenue-generating countries in the region with widespread demand for database security solutions to prevent cyber-attacks and commercial espionage, and to ensure security and privacy of data to facilitate business continuity. Though there is no single federal law to regulate the data privacy of customers, there are various federal and state laws to protect the data. Some of the laws pertaining to data security in the country include SOX, one of the more visible laws to regulate corporations for data protection, management, and administration; and HIPAA, a law to mandate the healthcare providers to protect an individual’s healthcare information.
The database security market comprises major solution providers, such as IBM Corporation (US), Oracle Corporation (US), Trustwave Holdings, Inc. (US), Thales e-Security (France), McAfee, LLC (US), Fortinet, Inc. (US), Innovative Routines International (US), Micro Focus (UK), Imperva (US), HexaTier (Israel), Gemalto NV (Netherlands), and Protegrity USA, Inc. (US). The study includes the in-depth competitive analysis of these key players in the database security market with their company profiles, recent developments, and key market strategies.
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