Database Security Market to Post 18.9% CAGR to 2022, Expects M&M in Its In-demand Research Study Published at MarketPublishers.com08 Jan 2018 • by Natalie Aster
LONDON – In 2017, the value of the database security sector globally amounted to USD 2.95 billion. Furthermore, it is poised to continue to increase at an 18.9% CAGR to reach USD 7.01 billion by 2022.
Some of the major factors igniting the growth in the world’s database security market comprise, amidst others, escalating threats including structured query language (SQL) injection, denial-of-service (DoS) attacks, and malicious software attacks; rising demand for complex security solutions and developing regulatory landscapes across various countries. However, the market growth could be possibly hindered by restricted security budgets and high costs to install respective solutions.
Based on components, database encryption and tokenization software grab the largest share in the market as of 2017. Vendors in the marketplace offer different encryption solutions to safeguard sensitive business data from insiders and also outsiders. These solutions enable the users to maintain row- or column-level encryption and file encryption. Regulatory frameworks across nations have laid down novel standards for protecting clients’ information. These are standards for the security of health records (HIPPA) and financial information (PCI DSS).
Amid the regions, the APAC market is set to grow at the most rapid rate through to 2022, led by India, Japan, China, Australia, and South Korea. With the enormous growth of data from all industry verticals, the need for efficient database security solutions and services is on the rise in the region.
In-demand research study “Database Security Market - Global Forecast to 2022” elaborated by M&M offers an up-close look at the market on a global level. The report reviews and examines the market driving and limiting factors, challenges and opportunities. It limelights different database security use cases, rules and regulations, standard features offered by vendors. The study gives estimates and projections of the market size for the market and its segments. The research offers granular market segmentation based on component, business function, deployment model, vertical, organization size, and based on region. The report draws up an all-encompassing picture of the competitive scenario and provides detailed profiles of the 13 leading companies active in the database security marketplace. Furthermore, the study provides detailed forecasts of the prospective development path of the sector up to 2022.
More in-demand research reports by this company are at hand in M&M online catalogue at MarketPublishers.com.