Database Security Market Growth Opportunities and Forecast by 2031

The database security market size is projected to reach US$ 50.30 billion by 2031 from US$ 16.96 billion in 2023. The market is expected to register a CAGR of 14.6% during 2023–2031. The enactment of new database security regulations, growing volumes of business data and exponential rise in potential for cyberattacks with the popularity of IoT are likely to be the key drivers and trends of the market.

Database Security Market Analysis

The database security market is experiencing significant growth globally. This growth is attributed to factors such as the enactment of new database security regulations, growing volumes of business data and exponential rise in potential for cyberattacks with the popularity of IoT. Moreover, the proliferation of cloud-based organizations' sizes and services and preference for hybrid cloud for faster innovation are anticipated to drive market growth in the coming years.

Database Security Market Overview

Security of databases is considered as the array of controls, tools, and procedures designed to ensure and safeguard integrity, confidentiality, and accessibility. Data security laws are important for purposes that extend beyond just achieving regulatory compliance. These include:

• Ensuring the confidentiality of personal information of individuals whose data is being processed
• Minimizing the risks of data breaches and cyber threats
• Maintaining the reliability and accuracy of the data
• Building a healthy business environment with improved customer confidence
• Promoting commitment to cybersecurity.

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Database Security Market: Strategic Insights

Database Security Market Drivers and Opportunities

Enactment of New Databased Security Regulations to Favor Market

Database security regulations are standards set by regulatory bodies or the government, that guide organizations towards protecting the confidentiality, integrity, and availability of data. These essentially aim to safeguard the information assets of the company from destruction, tampering, unauthorized access, and other security risks.  Moreover, there are costs for not complying with international regulations like the Sarbanes-Oxley Act (SAO) or payment card industry data security standard (PCI DSS) specific to industry regulations on data privacy, like HIPAA or regional privacy laws like the European Union's General Data Protection Regulation (GDPR) could be a key problem with fines in worst cases in excess of many million dollars for each violation.

Increase in the Number of Cloud-Based Organizations.

There are a large number of cloud based organizations in the market, including AWS, VMWare, Oracle, NetApp, Salesforce, Google, IBM, and many more. These organizations comprise large amounts of databases. Considering this, the risk of data breaches and data phishing is increased. A specific threat to databases is the introducing of untrue SQL as well as other non-SQL string attacks in queries for databases delivered by web-based apps and HTTP headers. Companies that do not follow safe coding practices for web applications and conduct regular exposure tests are susceptible to attacks using these.

Database Security Market Report Segmentation Analysis

Key segments that contributed to the derivation of the Database Security market analysis are component, application, and industry verticle.

• Based on component, the database security market is divided into software and services. The software segment is anticipated to hold a significant market share in the forecast period.
• Based on application, the database security market is divided into SMEs and large enterprises. The SME segment is anticipated to hold a significant market share in the forecast period.
• By industry verticle, the market is segmented into BFSI, IT and telecom, manufacturing, healthcare, government, retail, and others). The IT and telecom is anticipated to hold a significant market share in the forecast period.

Database Security Market Share Analysis by Geography

The geographic scope of the database security market report is mainly divided into five regions: North America, Asia Pacific, Europe, Middle East & Africa, and South & Central America.

North America has dominated the database security market. High technology adoption trends in various industries in the North American region have fuelled the growth of the database security market. Factors such as the increasing number of cloud-based organizations. Moreover, a strong emphasis on research and development in the developed economies of the US and Canada is forcing the North American players to bring technologically advanced solutions into the market. In addition, the US has a large number of database security market players who have been increasingly focusing on developing innovative solutions. All these factors contribute to the region's growth of the database security market.

Database Security Market Regional Insights

The regional trends and factors influencing the Database Security Market throughout the forecast period have been thoroughly explained by the analysts at The Insight Partners. This section also discusses Database Security Market segments and geography across North America, Europe, Asia Pacific, Middle East and Africa, and South and Central America.

Database Security Market Report Scope

Database Security Market Players Density: Understanding Its Impact on Business Dynamics

The Database Security Market is growing rapidly, driven by increasing end-user demand due to factors such as evolving consumer preferences, technological advancements, and greater awareness of the product's benefits. As demand rises, businesses are expanding their offerings, innovating to meet consumer needs, and capitalizing on emerging trends, which further fuels market growth.

Database Security Market News and Recent Developments

The database security market is evaluated by gathering qualitative and quantitative data post primary and secondary research, which includes important corporate publications, association data, and databases. A few of the developments in the database security market are listed below:

• Microsoft Corp. and Oracle are expanding collaboration to meet growing customer demand for Oracle Database@Azure around the world. Oracle Database@Azure will expand to five more regions, which brings the total planned multicloud availability footprint to 15 regions globally. (Source: Oracle Company Website, March 2024)
• CrowdStrike and Cloudflare, Inc., the leading connectivity cloud company, are expanding their strategic partnership to connect their platforms to enhance security from the device to the network, accelerate Security Operations Center (SOC) transformation, and stop breaches before they happen. (Source: CrowdStrike Company Website, June 2024)

Database Security Market Report Coverage and Deliverables

The “Database Security Market Size and Forecast (2021–2031)” report provides a detailed analysis of the market covering below areas:

• Database security market size and forecast at global, regional, and country levels for all the key market segments covered under the scope
• Database security market trends as well as market dynamics such as drivers, restraints, and key opportunities
• Detailed PEST/Porter’s Five Forces and SWOT analysis
• Database security market analysis covering key market trends, global and regional framework, major players, regulations, and recent market developments
• Industry landscape and competition analysis covering market concentration, heat map analysis, prominent players, and recent developments for the database security market
• Detailed company profiles