Database Security Market

Database Security Market Insights, Trends | Global Industry Report, 2022 | MarketsandMarkets™

The global database security market is expected to grow from USD 3.0 billion in 2017 to USD 7.01 billion by 2022, at a Compound Annual Growth Rate (CAGR) of 18.9% during the forecast period. Factors such as growing demand for sophisticated security solutions, evolving regulatory landscape and growing volume of business data across industries are driving the growth of database security market.

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 an in-depth competitive analysis of these key players in the database security market with their company profiles, recent developments, and key market strategies. The players in this market have embraced different strategies to expand their global presence and increase their market shares. New product launches and enhancements; and partnerships, acquisitions, and collaborations, have been the most dominating strategies adopted by the major players from 2015 to 2017, which helped them innovate on their offerings and broaden their customer base.

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IBM is among the leaders in the database security market with a prominent geographic presence. It adopts a balanced approach of organic and inorganic growth strategies and continues to enhance its expertise in database security through constant product enhancements, technology acquisitions, collaborations, and partnerships. For instance, in July 2017, IBM launched a new product, namely, IBM Z, a transaction system with the capacity to process around 12 billion transactions per day. In addition, the encryption engine inbuilt in the system has the capability of encrypting and decrypting the data stored in databases, applications, and cloud. In June 2017, IBM started an X-Force Command Center in Warsaw, Poland. The new command center would provide the capabilities of IBM Watson to its clients for cybersecurity. Additionally, the command center would also offer cybersecurity services to help customers in meeting the GDPR.

Oracle has a strong foothold in the database security market with its various database security solutions. In September 2016, Oracle launched DBaaS, namely, Oracle Database 12c Release 2. This new product allows organizations to provide more security and scalability and reduces the compliance risks. Furthermore, in December 2015, Oracle upgraded its database security product, Audit Vault and Database Firewall 12.2. This upgrade facilitated various new features, such as integration of backup and restore utility and configuration of Oracle Database In-Memory to enhance the speed of reports and unlock the user’s account from web UI.

Related Reports:

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

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Report Code
TC 5829
RI Published ON
12/14/2017
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