Report Overview

A rapidly increasing business need for database security technologies and advanced security solutions, including data masking and redaction, encryption and tokenization, access control management, firewall, backup and recovery, and antivirus is expected to propel the expansion of UAE database security market at an impressive growth rate during the forecast period (2018–2028).

UAE Database Security Market – Industry Trends & Forecast Report 2028 

 

UAE Database Security Market is expected to grow at a robust CAGR of 19.4% between 2022 and 2028 (forecast period). The market growth is fueled by an increasing business need for database security technologies and increasing need for advanced security solutions. The exploding volumes of crucial documents and data that must be protected from various forms of attacks, including malware and ransomware, can be ascribed to the growing cyber dangers that are affecting enterprises. In addition, during the forecast period, technology advancements in integrated security solutions and next-generation security solutions, along with the innovative technologies, such as artificial intelligence (AI) and the internet of things (IoT), are expected to boost the growth of UAE database security market.

UAE Database Security Market - Overview

The term "database security" refers to a group of procedures used to make databases safe, stop unauthorized access to them, and shield them from threats, attacks, and unlawful usage. A set of instructions called database security maintains the confidentiality and security of the data held by an organization. It guarantees the security of the data stored in databases, database management systems, database servers, and other workflow programs.

A database security solution enables the security of the data stored in databases, database management systems, and database servers. The adoption of database security solutions in various industries is expected to be fueled by an increase in digitalization and the use of cloud-based database monitoring and data loss services across various industry sectors to guarantee the protection of an enterprise's operational and confidential data. The confidentiality, integrity, and accessibility of a company's databases are all protected by database security. Additionally, the opening of new companies in emerging economies is projected to further increase demand for database security solutions.

UAE Database Security Market Forecast and Trends

Growth Drivers 

Increasing Cyberattacks Spur Demand for Database Security Technologies

To better protect enterprises' private and confidential data from cyberattacks, industries are using advanced database security solutions. Hackers launch complex cyberattacks that occasionally go undetected by experimenting with AI and machine learning (ML) technologies. For instance, in the UAE, there were about 311 weekly attacks on organizations over the months in 2021. The necessity to secure legacy databases with outdated software and hardware that cannot be upgraded and is driving the demand for database security products in businesses.

Growing Need for Advanced Security Solutions to Safeguard Data from Sophisticated Attacks

The database security is a crucial component of the IT infrastructure security, as it protects sensitive and valuable data. The data, which is gathered on various entities, such as customers and suppliers, must be private and in accordance with the established standards. During the purchase of a product, for instance, businesses gather several types of client information, including email address, postal address, contact numbers, and credit card data, for a high security solution to keep their data safe. For instance, UAE experienced 250% an increase in cyber-attacks in 2020, led primarily by phishing and ransomware attack incidents.

Restraints

Budgetary Restrictions and Higher Solution Installation Cost

Due to the integration of high-quality hardware, database security solutions have a significant initial investment and ongoing maintenance costs. Database security market players in the UAE are also focusing on developing innovative cloud-based cybersecurity solutions to quickly identify and neutralize threats. Furthermore, blockchain technology advancements and the development in e-commerce channels have strengthened a connected network architecture, which is expected to boost market expansion. The excessive cost of database security solutions and enterprises' lack of awareness of internal threats are two further issues that could limit the growth of UAE database security market.

Impact of COVID-19 on UAE Database Security Market

The COVID-19 pandemic had a significant impact on industries, which has caused an economic downturn in most nations. As a result, it also had a major influence on government organizations and corporate entities, leading to the temporary and permanent closure of businesses during the pandemic. Various businesses have embraced the work-from-home trend in the UAE. As a result, businesses must offer every employee who works remotely a more secure means of communication. Due to the growing trend of work-from-home in the country, most businesses are facing difficulties in delivering data securely.

UAE Database Security Market – By Component

UAE database security market is divided into software and services based on component, wherein the software segment accounted for the highest market share. Database security software features, such as Data masking and redaction, encryption and tokenization, access control management, firewall, backup and recovery, and antivirus. Data storage and distribution in an electronic and secure manner are made simpler by these software solutions. These are the primary factors that propel the software segment's growth in UAE database security market.

UAE Database Security Market – By Deployment Mode

Based on deployment mode, UAE database security market is divided into on-premises and cloud. The market for the cloud deployment mode is expected to expand rapidly over the period in analysis. The use of the cloud deployment strategy has skyrocketed in the UAE market for database security, as the cloud offers diverse benefits including scalability, rapid deployment, low implementation costs, and adaptability. Additionally, the cloud deployment architecture can help with the low-cost safe storage of massive volumes of data. Cloud enables firms to focus on their essential operations rather than IT infrastructure management.

UAE Database Security Market – By Vertical

UAE database security market based on industry verticals has the following segments: banking, financial services, and insurance (BFSI), retail and e-commerce, healthcare and life sciences, manufacturing, telecommunications and IT, energy and utilities, and others. During the period in analysis, the BFSI vertical is forecast to expand at the highest growth rate. As the BFSI industry generates and maintains voluminous amount of extremely sensitive financial data, there is always an increased demand for sophisticated database security solutions.

Competitive Landscape

UAE database security market has prominent players including Trustwave Holdings Inc., Hexatier, Thales E-Security, Imperva, IRI, McAfee, Micro Focus, Fortinet Inc., Oracle Corporation, and International Business Machines (IBM) Corporation. Market leaders focus on maintaining their dominance by investing in research and development (R&D) activities, adding innovative technologies into their products, and delivering improved products and solutions for customers.

Recent Developments

Thales, a France-based multinational company, unveiled a data cloud solution that can protect sensitive SAP customer data in SAP applications in public cloud environments. With this security solution, the company’s customers can leverage SAP technology in the cloud, protecting sensitive data with external key management from Thales integrated with SAP Data Custodian to control and secure SAP data in public cloud environments.

 

Scope of Report:

 

Attribute	Details
Years Considered	Historical Data – 2018-2021
	Base Year – 2021
	Estimated Year – 2022
	Forecast Period – 2022-2028
Facts Covered	Revenue in USD Million
Market Coverage	UAE
Product/Service Segmentation	By Component, By Business Function, By Deployment Model, and By Vertical
Key Players	Major players operating in the market include Trustwave Holdings Inc., Hexatier, Thales E-Security, Imperva, IRI, McAfee, Micro Focus, Fortinet Inc, Oracle Corporation, International Business Machines Corporation, and others prominent players.

 

 

By Component

 

• Software
• Services

 

By Business Function

 

• Marketing
• Sales
• Finance
• Operations
• Others

 

By Deployment Mode

 

• On-Premises
• Cloud

 

By Vertical

 

• Banking, Financial Services, and Insurance (BFSI)
• Retail and E-Commerce
• Healthcare and Life Sciences
• Manufacturing
• Telecommunications and IT
• Energy and Utilities
• Others

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1. Research Framework
   1. Research Objective
   2. Product Overview

1.3 Market Segmentation

2. Research Methodology
   1. Qualitative Research
      1. Primary & Secondary Research
   2. Quantitative Research
   3. Market Breakdown & Data Triangulation
      1. Secondary Research
      2. Primary Research
   4. Breakdown of Primary Research Respondents
   5. Assumption & Limitation
   6. Product Awareness
3. Executive Summary
4.  UAE Database Security Market Insights
   1. Industry Value Chain Analysis
   2. DROC Analysis
      1. Growth Drivers
      2. Restraints
      3. Opportunities
      4. Challenges
   3. Technological Advancement/Recent Development
   4. Regulatory Framework
   5. Porter’s Five Forces Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of New Entrants
      4. Threat of Substitutes
      5. Intensity of Rivalry
5.  UAE Database Security Market Overview
   1. Market Size & Forecast by Value, 2018-2028
      1. By Value (USD Million)
   2. Market Share & Forecast
      1. By Component
         1. Software
         2. Services
      2. By Business Function
         1. Marketing
         2. Sales
         3. Finance
         4. Operations
         5. Others
      3. By Deployment Model
         1. On-Premises
         2. Cloud
      4. By Vertical
         1. Banking, Financial Services and Insurance (BFSI)
         2. Retail and E-Commerce
         3. Healthcare and Life Sciences
         4. Manufacturing
         5. Telecommunications and IT
         6. Energy and Utilities
         7. Others
6. Competitive Landscape
   1. List of Key Players and Their Offerings
   2. Market Share Analysis, 2021
   3. Competitive Benchmarking, By Operating Parameters
   4. Key Strategic Development (Mergers, Acquisitions, Partnerships, etc.)
7. Impact of COVID-19 on UAE Database Security Market Industry
8. Company Profile (Company Overview, Financial Matrix, Competitive landscape, Key Personnel, Key Competitors, Contact Address, and Strategic Outlook)
   1. Trustwave Holding Inc.
   2. Hexatier
   3. Thales E-Security
   4. Imperva
   5. IRI Total Data Management
   6. MacAfee
   7. Micro Focus
   8. Fortinet, Inc
   9. Oracle Corporation
   10. International Business Machines Corporation
   11. Other Prominent Players
9. Key Strategic Recommendations

 

NOTE: Financial in information in case of non-listed companies will be provided as per availability

The segmentation and the companies are subjected to modifications based on in-depth secondary for the final deliverable

 

List of Figures

 

Figure 1        UAE Database Security Market Segmentation

Figure 2        UAE Database Security Market Value Chain Analysis

Figure 3        Porter’s Five Forces Analysis

Figure 4        UAE Database Security Market Size

Figure 5        UAE Database Security Market Share, By Component, By Value, 2018-2028

Figure 6        UAE Database Security Market Share, By Business Function, By Value, 2018-2028

Figure 7        UAE Database Security Market Share, By Deployment Model, By Value, 2018-2028

Figure 8        UAE Database Security Market Share, By Vertical, By Value, 2018-2028

Figure 9        Company Market Share Analysis, 2021

 

List of Tables

 

Table 1         UAE Database Security Market Size, By Component, By Value, 2018-2028

Table 2         UAE Database Security Market Size, By Business Function, By Value, 2018-2028

Table 3         UAE Database Security Market Size, By Deployment Model, By Value, 2018-2028

Table 4        UAE Database Security Market Size, By Vertical, By Value, 2018-2028

Table 5        Trustwave Company Overview

 

Table 6        Trustwave Financial Overview

 

Table 7        Hexatier Company Overview

 

Table 8        Hexatier Financial Overview

 

Table 9        Thales E-Security Company Overview

 

Table 10       Thales E-Security Financial Overview

 

Table 11       Imperva Company Overview

 

Table 12       Imperva Financial Overview

 

Table 13        IRI Company Overview

 

Table 14        IRI Financial Overview

 

Table 15       MacAfee Company Overview

 

Table 16       MacAfee Financial Overview

 

Table 17       Micro Focus Company Overview

 

Table 18       Micro Focus Financial Overview

 

Table 19       Fortinet Company Overview

 

Table 20       Fortinet Financial Overview

 

Table 21     Oracle Company Overview

 

Table 22     Oracle Financial Overview

 

Table 23     IBM Company Overview

 

Table 24     IBM Financial Overview