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(Wireless-NewsWire.Com, March 24, 2018 ) The Global Database Security Market was valued at USD 2.61 billion in 2016 and is projected to reach USD 12.16 billion by 2025, growing at a CAGR of 18.65% from 2017 to 2025.
This market report defines the market trends and forecast the upcoming opportunities and threats of the database security market in the next 8 years. Database security is an aggregate measure which is being utilized with respect to protect the database and information from the unlawful use, threats and attacks. It is made up of all or either software, physical control and administrative controls. Rise in the demand for sophisticated security solutions, growing regulation regarding breaches, and attacks and transmission of cloud based applications & services are the some of the driving factors in the database security market. For instance, According to Trustwave Holdings, Inc., in 2016, median number of days from an intrusion to detection of a compromise came up to 49 days, as compared to 2015 which was 80.5 days. In 2016, regulation named as General Data Protection Regulation (GDPR), which was officially adopted in April 2016, and will be enforced from May, 2018. Due to this act, companies will spend more on information security to avoid fines for failure and to secure the business data.
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Database Security refers to the collective measures used to protect and secure a database or database management software from illegitimate use and malicious threats and attacks.
It is a broad term that includes a multitude of processes, tools and methodologies that ensure security within a database environment. Benefits of database security include - protect against attacks with a database proxy, robust logging, encryption of sensitive data, cost-effective, audits and monitors database activity.
The major players in the market are as follows:
1. IBM Corporation,
2. Thales E-Security,
3. Fortinet,
4. Micro Focus,
5. Hexatier,
6. Protegrity,
7. Oracle,
8. Trustwave,
9. Mcafee,
10. IRI,
11. Imperva,
12. Gemalto,
These major players have adopted various organic as well as inorganic growth strategies such as mergers & acquisitions, new product launches, expansions, agreements, joint ventures, partnerships, and others to strengthen their position in this market.
Research Methodology:
Research study on the Global Database Security Market was performed in five phases which include Secondary research, Primary research, subject matter expert advice, quality check and final review.
The market data was analyzed and forecasted using market statistical and coherent models. Also market shares and key trends were taken into consideration while making the report. Apart from this, other data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Top to Bottom Analysis and Vendor Share Analysis.
To know more about the Research Methodology and other aspects of the research study, kindly get in touch with our sales team.
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