New York, Jan. 07, 2022 (GLOBE NEWSWIRE) — Reportlinker.com announces the publication of the report “Database Security Market Forecast to 2028 – COVID-19 Impact and Global Analysis By Component, Application, and Industry Vertical” – https:// www.reportlinker.com/p06195575/?utm_source=GNW
Database security solutions integrate advanced security products such as internet traffic monitoring with a wide range of additional features. This evolution in database security is primarily attributed to the dynamic growth of the IT industry, which is driving advancements in disruptive and connected technologies such as the IoT. Hence, these technological transformations have paved the way for heinous and malicious practices that lead to loss of data and revenue for various organizations. To prevent such incidents, companies are increasingly opting for database security software. The database security market is driven by growing concerns among industry players regarding ever-evolving cyber threats.
Economic growth and competitiveness in Europe are expected to be boosted by 2025 due to the penetration of smart systems in important financial and social sectors, such as BFSI, IT and telecommunications, manufacturing and healthcare. The development and implementation of smart infrastructure is likely to contribute to the growth and subsequent employment of security measures.
Asia-Pacific is likely to become the next target for cybercriminals due to the vigorous growth of digital transformation, leading to the increase in sources of vulnerabilities stemming from IoT connectivity. Thus, the ever-increasing number of security breaches is driving the demand for database security software globally.
Automation is essential to the success of a cloud strategy; many technology leaders are prioritizing automation, which has had a positive impact on the database security market. When purchasing a product, online sellers collect customer information such as mailing address, email address, credit card details and contact number.
Therefore, IT infrastructure and database security is an essential aspect for companies to protect this sensitive data. Technological advancements and digital transformation continue to drive investment in big data.
Thus, global spending on big data analytics solutions is expected to exceed US$274.3 billion by 2022. Cybersecurity threats have a huge impact on big data technology companies, as many of them lose millions of operating revenue due to poor data quality. To maintain an edge in a highly competitive market, including a growing number of startups, companies must constantly innovate in their offerings. Big Data Analytics provides relevant insights/information to database security industry experts to enable them to make informed decisions and help them develop strategic objectives. This is likely to help these big brands and business leaders outperform their competitors in the long run.
The database security market is segmented on the basis of component, organization size, industry, and geography. Based on components, the market is further segmented into solutions and services.
In terms of organization size, the market is divided into SMEs and large enterprises. On the basis of industry, the database security market is segmented into BFSI, IT & Telecom, Manufacturing, Healthcare, Government, Retail, and Others.
Failure rates for large-scale IT projects are unreasonably high in both the public and private sectors, resulting in huge costs of failure. affecting the performance of various businesses.
Global Information Technology Market was valued at US$5.2 Trillion by 2020, and it is expected to grow at a CAGR of 4.3% by 2026. However, low budget allocations for construction and the deployment of technologies emerge as a major challenge for database security. companies. As a result, many organizations are holding back or slowing down technology development and adoption projects.
Datasparc Inc., SAP SE, ScaleGrid, MICRO FOCUS, Thales, Oracle Corporation, IBM Corporation, McAfee, Fortinet, and Trustwave are some of the major players operating in the database security market.
Read the full report: https://www.reportlinker.com/p06195575/?utm_source=GNW
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