The database security assessment market is projected to showcase a significant growth rate during the forecast period. The database security assessment software allows the measurement of database risk at a point in time. The database security software needs to perform various security measures that include database auditing and reporting, encryption and tokenization, data masking and redaction, access control management, working as a firewall, data backup and recovery, and functions of an antivirus. Such software solutions enable organizations to retain and share data electronically and securely. The rapidlygrowing demand for sophisticated security solutions, transformingthe regulatory landscape and growing volume of business data across several industries are the major factors that are driving the growth of global database security assessment market.
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Additionally, an increase in the utility of cloud-based platforms for software development across several business applications is further supporting the growth of the market.The cloud database security assessment facilitates businesses to access online resources securely by providing protection to the digital interactions of customers, employees, and partners. Furthermore, a significant number of small, medium and large enterprises are using software-as-a-service (SaaS)models to enhance their safety and security. The cloud database security assessment enables enterprises to maintain multi-factor authentication effectively and efficiently by allowing the provision and de-provision of users.
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The major market player of the database security assessment market is actively adopting growth strategies such as mergers and acquisitions, partnerships, collaboration and agreements to improve their dominance among competitors. Technological innovation and new product launching are the core strength of key market players in the database security assessment market. For instance, in February Oracle had introduced the Oracle Database Security Assessment Tool (DBSAT). This tool enables the organizations to assess the security configuration of their databases, identify sensitive data, and evaluate database users for risk exposure. Moreover, DBSAT software requires no special installation, easy to use, and is capable of producing clear and understandable reports.
Current market trends covered in the market report
Companies are enhancing their security controls and making significant investments in security talent, tools, and expertise for dealing with the increasing threat from evolved hacking techniques.
Significant adoption of cloud services across the globe.
Partnerships and collaborations – key drivers of competition in this market.
A significant shift of service-centric population to server-centric population.
Asia-Pacific to show lucrative growth during forecast period.
North America held the major share in 2018.
Global Database Security Assessment Market Segmentation
By Deployment Model
Cloud
On-Premises
By Industry Verticals
Banking, Financial Services, and Insurance (BFSI)
IT And Telecommunication
Healthcare
Energy and Utilities
Others(Retail, Government and Manufacturing)
Global Database Security Assessment Market – Segment by Region
North America
United States
Canada
Europe
Germany
United Kingdom
France
Spain
Italy
Rest of Europe
Asia-Pacific
China
Japan
India
Rest of Asia-Pacific
Rest of the World
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