"Database security" encompasses a range of protocols and practices intended to protect databases against threats, illicit use, and unauthorized access. Database security performs a multitude of instructions that provide privacy and security in an organizational setting. In databases, database servers, database management systems, and other workflow applications, it makes data security possible.
Middle East and Africa Database Security Market Driving Factors and Challenges
Drivers: A primary driver of the database security market is the increasing need for various industries to adhere to information security regulations, such as the Federal Financial Institutions, Health Insurance Portability and Accountability Act (HIPAA), Payment Card Industry Data Security Standard (PCI-DSS), Examination Council (FFIEC), Gramm–Leach–Bliley Act (GLBA), and Sarbanes–Oxley Act (SOX). Because of these stringent legal frameworks, the database security business is likely to grow more quickly than ever.
Because databases hold sensitive and important data, they are a crucial component of the security of the IT infrastructure. This data must be kept private and adhere to established standards since it is gathered from a variety of sources, including suppliers and customers.
Challenges: A few significant factors that could impede the growth of the database security market are the high cost of maintenance and the demand for frequent maintenance of the database security system installed in the company. Other obstacles that may somewhat impede market expansion include firms' restricted resources and a lack of understanding regarding database security.
Impact of COVID-19 on Middle East and Africa Database Security Market
The COVID-19 outbreak has had a significant impact on the database security business across the Middle East and Africa. During the outbreak, the region witnessed an increase of the trend toward remote labor and the digital transformation of all industries. The demand for safe database management solutions increased as a result of businesses starting to emphasize data protection against new cyber threats. The growing awareness of cybersecurity issues brought on by an increase in internet activity further encouraged investments in database security solutions. Financial constraints and economic volatility, on the other hand, were additional challenges brought on by the pandemic and temporarily stopped market expansion.
Middle East and Africa Database Security Market Key Players:
The market study provides market data by competitive landscape, revenue analysis, market segments and detailed analysis of key market players are; Fortinet, Inc., IBM Corporation, McAfee, LLC, Micro Focus, Oracle Corporation, SAP SE, Thales Group, Trustwave Holdings, Inc., Others.
Middle East and Africa Database Security Market Segmentation:
By Component: Based on the Component, Middle East and Africa Database Security Market is segmented as; Solution, Services.
By Organization Size: Based on the Organization Size, Middle East and Africa Database Security Market is segmented as; SMEs, Large Enterprises.
By Industry: Based on the Industry, Middle East and Africa Database Security Market is segmented as; BFSI, IT and Telecom, Manufacturing, Healthcare, Government, Retail, Others.
By Region: This research also includes data for Fortinet, Inc., IBM Corporation, McAfee, LLC, Micro Focus, Oracle Corporation, SAP SE, Thales Group, Trustwave Holdings, Inc., Others.
This study also encompasses various drivers and restraining factors of this market for the forecast period. Various growth opportunities are also discussed in the report.