The cloud-based database security market size is anticipated to expand at a significant CAGR during the forecast period 2021–2028. Growth of the market is attributed to increasing adaptation of big data platforms, relational databases becoming the prime target to thieves, and increasing patient records.
Cloud computing security refers to a broad set of controls utilized, applications, technologies, and policies to protect data, applications, services, and the virtualized IP of cloud computing. Hackers gain access to sensitive information stored in the cloud such as mailing addresses and customer credit card numbers, and use it for personal advantage in data breach situation.
The COVID-19 pandemic, has disturbed many sectors on an exceptional ratio. However, cloud-based database security sector has emerged stronger from this incident. While many other sectors are finding it hard to run easily, the companies that selected cloud-based database security infrastructure are operating fine. Cloud-based database security assists in backup and trouble-free data storage because of its scalability. Launch of vaccines to combat the Covid-19 pandemic is expected to contribute to the market growth over the forecast period.
Market Trends, Drivers, Restraints, and Opportunities
- Increasing access to advanced technologies is projected to boost the market.
- Rise in adaption of cloud-based database security in the health care sector is the major factor fueling the market.
- Weak collaboration among enterprises is projected to restrict the market expansion during the forecast period.
- Lack of awareness about cloud-based database security is anticipated to hamper the market growth in the coming years.
- R&D investment and technological advancement in cloud-based database security market is projected to offer lucrative opportunities for the market players.
Scope of the Report
The report on the cloud-based database security market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.
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Attributes
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Details
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Report Title
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Cloud-based Database Security Market–Global Industry Analysis, Growth, Share, Size, Trends, and Forecast
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Base Year
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2020
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Historic Data
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2018-2019
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Forecast Period
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2021-2028
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Segmentation
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Deployments [Hybrid, Public, and Private], End-user Vertical [Healthcare, Retail, Manufacturing, Government, BFSI, and IT & Telecom]
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Regional Scope
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Asia Pacific, North America, Latin America, Europe, and Middle East & Africa
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Report Coverage
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Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast
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Key Players covered in the Report
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Amazon Web Services, Voltage Security Inc., Trustwave Holdings, Inc., NetLib Security Inc., McAfee Inc., Fortinet Technologies Inc., Imperva Inc., IBM Corporation, The Hewlett-Packard Company, Informatica LLC, Axis Technology LLC, Intel Security Group, and Oracle Pvt. Ltd
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Market Segment Insights
The healthcare segment accounts for a key share of the market and
Based on end-user vertical, the cloud-based database security market is bifurcated into healthcare, retail, manufacturing, government, BFSI, and it & telecom. The healthcare segment accounts for a key share of the market. Growth of the market is attributed to growing penetration of the internet and lack of cyber security awareness. However, the BFSI segment is anticipated to expand at a rapid pace during the forecast period due to factors such as rapid growth in number of cyber-attacks and rising demand for strict security packages and acquiescence to protect confidential data.
The private cloud segment accounts for a significant share of the market
On the basis of deployments, the cloud-based database security market is segmented into hybrid, public, and private. The private cloud segment accounts for a key share of the market. Growth of the market is attributed to growing analysis of complex data and ineffective cyber laws. The public cloud segment is anticipated to expand at a rapid pace during the forecast period due to factors such as increasing volumes of data being generated and digital transformation in the region.
The market in North America is anticipated to hold major market share
On the basis of regions, the cloud-based database security market is categorized as Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. The market of Asia Pacific is estimated to expand at a high CAGR during the forecast period due to growing numbers of hospital admissions and rapid adaptation of technologically advanced products. The market of North America is estimated to hold major market share due to growing population, increasing digital healthcare services, and rising overall efficiency and productivity of enterprises.
Segments
Segments Covered in the Report
The cloud-based database security market has been segmented on the basis of
Deployments
End-user Vertical
- Healthcare
- Retail
- Manufacturing
- Government
- BFSI
- IT & Telecom
Region
- Asia Pacific
- North America
- Latin America
- Europe
- Middle East & Africa
Key Players
- Amazon Web Services
- Voltage Security Inc.
- Trustwave Holdings, Inc.
- NetLib Security Inc.
- McAfee Inc.
- Fortinet Technologies Inc.
- Imperva Inc.
- IBM Corporation
- The Hewlett-Packard Company
- Informatica LLC
- Axis Technology LLC
- Intel Security Group
- Oracle Pvt. Ltd
Competitive Landscape
Key players competing in the cloud-based database security market include Amazon Web Services, Voltage Security Inc., Trustwave Holdings, Inc., NetLib Security Inc., McAfee Inc., Fortinet Technologies Inc., Imperva Inc., IBM Corporation, The Hewlett-Packard Company, Informatica LLC, Axis Technology LLC, Intel Security Group, and Oracle Pvt. Ltd.
Some of these players are using several market strategies such as acquisitions, merger, collaborations, partnerships, capacity expansion, and product launches to enhance their market shares and to generate revenue and rise their production line of the business in the coming years.
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