Database security is the multistep procedure that organizations take to protect their databases from both external and internal threats. Database security entails safeguarding the database, the data contained within it, the database technology, and the potential applications that obtain it. Data security is critical in almost every industry. With the current health crisis causing a rise in the number of people working remotely, there are greater opportunities for unauthorized data access than ever before. Database security refers to the collective efforts made to protect and safeguard a database or data system management software from illegitimate use as well as malware threats and cyber-attacks. The database security market is being driven by a rise in demand for high-end security solutions, a changing regulatory landscape, and an increase in entrepreneurship data volume across industries. Furthermore, the high rate of data theft and cyber-attacks in various industries is fueling the sales growth of the global database security market. There is an increase in malware and phishing attacks to gain access to networks and secure confidential material of organizations.
Enterprises are increasingly implementing business-wide database security practices that protect data confidentiality against a wide range of data vulnerabilities and data breach risks. Prominent database security vendors offering multiple database security types are integrating best-in-class database strong encryption tools, particularly for users in multi-cloud or hybrid environments. A review of database security news, trends, and analysis supports the notion that database security breaches can be caused by a variety of factors, thus, emphasizing the importance of database security management. This is further expected to increase the overall sales projections of the global database security market in the coming years.
Adoption of IoT Devices in Multiple Organizations to Promote the Adoption of Database Security Solutions
The use of database security solutions is expected to increase as technological advancements in the database protection or security sector provide efficient surveillance systems for fraud, theft, monitor crime, and terrorist activities. During the forecast period, this is expected to drive demand for database encryption. The adoption of IoT devices in organizations improves operational communication, allowing users to connect to networks from multiple locations. As a result, it is expected that the necessity to control data breaches in operational systems will drive demand for database security services within organizations.
Machine learning and artificial intelligence are expected to play an important role in initiatives. Businesses want to computerize regulatory compliance processes like data extraction and synchronization. AI technology helps to focus on developing smart robots that can assist and automate processes. Machine Language is a sub-category of Artificial Intelligence that enables machines to accurately predict results without the use of algorithms and learn what to expect from them from their users. The primary goal of ML is to develop algorithms that enable machines to obtain information, statistically analyze sub-data, and produce satisfactory results.
Databases are likely to attain significant attention at a rapid pace due to the excessive use of multimedia file formats and institutional capacities solutions provided by cloud database services. Customers can scale their cloud database services either upward or downward to meet the changing requirements of their business, mostly without requiring any human intervention. As a result, the adoption of data center security solutions is expected to help create revenue-generation opportunities for the database security market shortly.
The nature of competition in the database security market is highly fragmented on account of the presence of multiple players. Vendors are looking for ways to capitalize on the growth potential and strengthen their market position. The adoption of joint ventures and mergers and acquisitions are expanding the product portfolios of leading players of the database security solution. The next few years are expected to witness new growth opportunities with the adoption of database security technology in previously untapped markets. Many retail stores and financial firms are also focusing on database security technology to improve customer experiences. Some of the key players in the database security market include Google Inc., Huawei Technologies Co.Ltd., Amazon Web Services Inc., HashiCorp, Tencent Holdings Ltd., Thales Group, Micro Focus International Plc., Microsoft Corporation, Imperva, Fortinet, McAfee Corp., IBM Corporation, Oracle Corporation, and others.