The requirement of timely access to data has increased the usage of personal devices. In addition, it also contributes to the backbone of the global economy. The large enterprises segment is estimated to be dominating the database security market with its large share. The large enterprises are defined as business entities with more than 1,000 employees. In organization size segment, large enterprises to have a higher market share during the forecast period Some of the renowned players offering database security services include IBM, Oracle, McAfee, Trend Micro, Gemalto, Trustwave, Symantec, Imperva, and Fortinet. The increased security requirements amended regulatory compliances, and strict Service-Level Agreements (SLAs) are expected to drive the market growth. Managed services are provided in the form of outsourcing certain IT operations to a service provider, who remotely manages the security. These services are based on tools, advanced technologies, and strategies.
The professional services include consulting services, support and maintenance, education and training, and risk management services to assist the customers in proactively securing sensitive data. Moreover, these services help collect, filter, integrate, and link multiple security data events. These players offer managed as well as professional services to detect and select appropriate solutions for risk management and data protection. Services to grow at a higher CAGR during the forecast periodÄatabase security vendors support their customers in the efficient use of security products and maintain their products with the help of database security services.
The major factors fueling the Database Security market include growing demand for sophisticated security solutions, evolving regulatory landscape, and growing volumes of business data across industries. The global Database Security market is expected to grow from USD 6.3 billion in 2021 to USD 11.5 billion by 2026, at a Compound Annual Growth Rate (CAGR) of 12.6% from 2021 to 2026. 19, 2021 (GLOBE NEWSWIRE) - The "Global Database Security Market by Component (Solution and Services), Business Function (Marketing, sales, finance, operations), Organization Size (Large Enterprises and SMEs), Deployment Mode (Cloud & On-premises), Vertical, & Region - Forecast to 2026" report has been added to 's offering.