Database security is the safeguarding of databases and their contents against dangers such as corruption, data breaches, and illegal access. It includes a range of procedures, tools, and approaches intended to protect the privacy, availability, and integrity of data kept in databases. Authentication and access control systems are crucial components of database security, guaranteeing that only authorized users can access particular data and carry out approved actions.
According to SPER market research, ‘Middle East and Africa Database Security Market Size- – By Component, By Organization Size, By Industry – Regional Outlook, Competitive Strategies and Segment Forecast to 2033’ state that the Middle East and Africa Database Security Market is predicted to reach USD 1574.63 million by 2033 with a CAGR of 13.18%.
Drivers: Initially there is an exponential rise in data collecting and storage requirements as a result of the region’s industries fast undergoing digital transformation. This has made robust security measures necessary.
IT teams’ budgetary costs are also continuously increasing due to the security landscape’s continuous growth. Maintaining an adequate security system becomes more expensive as new technology is adopted, and hardware solutions must be upgraded frequently. Due to the increasing need for cloud-based security solutions, there has been a general increase in the deployment of software and services. SMEs with limited resources are also expected to employ SaaS-based security solutions extensively, indicating the continued high potential of the cloud-based services and app sector.
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Challenges: The high maintenance costs and the requirement for regular maintenance of the database security system placed in the firm are a few key factors that could hinder the growth of the database security market. A lack of knowledge about database security and resource constraints faced by businesses could also be minor barriers to industry expansion.
Impact of COVID-19 on MEA Database Security Market
The Middle East and Africa’s database security industry has been greatly impacted by the COVID-19 pandemic. The trend toward remote work and the digital transformation of all industries increased throughout the region during the outbreak. Businesses began to focus data protection against new cyber dangers, which increased demand for safe database management solutions. Investments in database security solutions were further stimulated by the increased awareness of cybersecurity risks brought about by an increase in internet activity. On the other side, monetary limitations and economic instability were extra difficulties brought on by the pandemic that momentarily halted market expansion.
Middle East Database Security Market Key Players:
Additionally, some of the market key players are; Fortinet, Inc., IBM Corporation, McAfee, LLC, Micro Focus, Oracle Corporation, SAP SE.
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.
For More Information, refer to below link:-
Middle East and Africa Database Security Market Outlook
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