Database Security Market to reach USD 12.85 billion by 2027.Global Database Security Market is valued approximately USD 5.60 billion in 2020 and is anticipated to grow with a healthy growth rate of more than 12.60 % over the forecast period 2021-2027.
Database Security is a mechanism used to protect the database information. As there are great volumes of data to be handled in businesses, the demand for sophisticated security solutions is increasing day by day which is propelling the Database Security Market forward. Database Security is an important part of any business. As businesses now possess plethora of information about their clients, suppliers and finances etc. in their database. A cyberattack or data breach may cause a loss of billions. Moreover, cyberattacks and their sophistication have increased dramatically in recent years. Hackers are now using AL, ML and different technologies which are hard to detect.
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According to Retarus, in 2020, average cost of data breach valued at USD 3.86 million, an average USD 2.9 million was lost to cybercrime every minute. Along with this, the average time to identify and contain a breach was 280 days in the same year. In addition, regulatory landscape for database security market is evolving. The lawmakers are improving the compliance requirements for data security. Database security is being enhanced to increase safety from internal and external damage to the database. The Organizations are continuously monitoring, auditing, assessing, reporting, classifying and improving the database security. This is expected to impact the market positively.
However, high installation cost/ budget constraints impede the growth of the market over the forecast period of 2021-2027. Also, Prolification of cloud-based application and services is likely to increase the market growth during the forecast period.
The regional analysis of global Database Security Market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. North America is the leading region across the world in terms of market share owing to cyberattack incidents are increasing across the region as the government has formulated strict regulation around database security.
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Whereas, Asia-Pacific is also anticipated to exhibit highest growth rate over the forecast period 2021-2027. Industries are growing in Asia-Pacific region and use of traditional data storage is not used now. So, this has raised in massive data volume and this would create lucrative growth prospects for the Database Security Market across Asia-Pacific region.
Major market player included in this report are:
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study.
Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players.
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The detailed segments and sub-segment of the market are explained below:
By Business Function:
By Deployment Mode:
By Organization Size:
Small and Medium Sized Enterprises
Banking, Financial Services and Insurance
Telecommunication and IT
Government and Defence
Manufacturing, Healthcare and Life science
Retail and Ecommerce
Energy and Utilities
Media and Entertainments
Rest of the World
Furthermore, years considered for the study are as follows:
Historical year – 2018, 2019
Base year – 2020
Forecast period – 2021 to 2027
Target Audience of the Global Database Security Market in Market Study:
Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Value-Added Resellers (VARs)
Third-party knowledge providers
Final Report will add the analysis of the impact of COVID-19 on this industry.”
a large number of indigenous manufacturers of syringes and needles have managed to come up. However, it does not mean that imports are low for this market. Imports, as in the case with other medical devices, are quite high but the domestic manufacturers have been able to tap foreign markets through increasing exports. The target base of consumers is growing steadily which is expected to significantly boost sales in the market.
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It begins with the introduction section which mentions the features and uses of syringes and needles along with a brief description of the various phases in their development. The market overview section provides an insight into the market and highlights the market size. Import and export figures for syringes and needles, both in terms of volume and value have been provided in the next section. It also includes the regional break-up of the imports and exports.
An analysis of the drivers explains the factors leading to the growth of the market which include increasing need of insulin doses, increasing demand for vaccines, improving health infrastructure, growing incidence of diseases, changing demographics and health check-up packages. Some of the major challenges to the market are illegal recycling of syringes and needles and problems associated with usage. Government legislation in the market has been discussed in the next section.
The competition section highlights the features of the major players operating in the market. A brief profile of the major domestic and foreign players in the market along with their financials has been included in this section.
A section providing strategic recommendations has been given at the end of the report which gives effective solutions to existing and potential players for improving market share and increasing profitability. The Market report answers the following questions:
What is the aim of the report?
Based on various indicators, the Year-on-Year growth (%) and compound annual growth rate (CAGR) for the given forecast period is offered.
An overview of the Market based on geographical scope, market segmentation and financial performance of key players is presented in the report.
The report presents current trends in the industry and future scope of the Market in North America, Asia Pacific, Europe, Latin America and Middle East and Africa.
The various parameters accelerating the growth of Market are incorporated in the research report.
The report analyses growth rate, market size and valuation of the Market during the forecast period.
What aspects regarding the regional analysis Market are included in this report?
Geographical regions covered in the report include North America, Europe, Asia Pacific, Latin America and Middle East and Africa region.
The report consists of detailed region-wise analysis of current and future market trends, providing information on product usage and consumption.
The growth rate of the market in every region, including their countries over the forecast period is included in the market report.
Based on what factors are the key market players assessed in this report?
The report offers detailed analysis of leading companies in the market across the globe.
It provides details of the major vendors involved in the Market including Key Players
A comprehensive overview of each company including the company profile, generated revenue, pricing of goods and
the manufactured products is incorporated in the report.
The facts and figures about market competitors along with standpoints of leading market players are presented in the report.
The recent developments, mergers and acquisitions related to mentioned key players are provided in the market report.
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What is the key information extracted from the report?
Extensive information on factors estimated to affect the Market growth and market share during the forecast period is presented in the report.
The report offers the present scenario and future growth prospects Market in various geographical regions.
The competitive landscape analysis on the market as well as the qualitative and quantitative information is delivered.
The SWOT analysis is conducted along with Porter’s Five Force analysis.
The in-depth analysis provides an insight into the Market, underlining the growth rate and opportunities offered in the business.
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