The Global Database Security Market explained

It is clear that, the need for sophisticated security solutions and stringent regulatory frameworks are the factors that are driving the market growth during the forecast period. The connected world with various devices interconnected poses various challenges to organizations. Limited security budgets and high installation cost of solutions act as major restraining factors. Limited awareness about multi-layered security and minimal skilled workforce are further limiting the market expansion.

The Global Database Security Market size is expected to reach $7.8 billion by 2023, rising at a market growth of 17% CAGR, according to ResearchAndMarkets.com.