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The Latin America, Middle East and Africa Database Security Market would witness market growth of 21% CAGR during the forecast period (2017-2023). Financial data such as profitloss statements, balance sheets, and analysis of annual reports are pivotal for almost all the businesses. Therefore, such crucial and sensitive data must be secured with highest level of security. The banking and financial service providers on a regular basis deal with volumes of data sources ranging from supply side to sales transactions. With the deployment of database security solutions, banks and financial institutions can effectively protect and secure customer data. Technological adoption can help the security consultants to bridge the gap that would open doors to potential breaches, and identify paths to protect the data from all forms of threats. The regulatory requirements such as Gramm-Leach-Bliley Act (GLBA) and PCI DSS, are also compelling companies to consider database security as high priority.
Based on Type, the Database Security market segments the market into Software and Services. Software includes Encryption & Tokenization, Database Auditing & Reporting, Data Masking & Redaction, Access Control Management, and Others. Services include Professional and Managed Services. Based on Business Function, the market report segments the market into Finance, Sales, Marketing, Operations, and Others. Based on Organization Size, the Database Security market segments the market into Small & Medium Enterprises and Large Enterprises. Based on Deployment Mode, the market report segments the market into Cloud and On-Premise. Based on Vertical, the Database Security market segments the market into BFSI, Government, Energy & Utilities, Healthcare, Manufacturing, Retail, Telecom & IT, Education, and Others. Based on Countries, the Database Security market segments the market into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
The market research report covers the competition analysis of key stake holders of the Database Security Market. Key companies profiled in the report include Oracle Corporation, IBM Corporation, Fortinet, Inc., McAfee LLC, Micro Focus (Formerly Hpe Software), Imperva, Inc., Singtel (Trustwave),Thales Group S.A. (Thales E-Security),Huawei Technology Co. Ltd. (HexaTier), and Gemalto NV..