Industry Background:
The database assessment service includes the vulnerability and security assessment, this service transparently scans the databases for known vulnerabilities, risks and against security standards and compliance. It also measures the risk at a point of time, all this affects the production system of the enterprise including accuracy, efficiency, and breadth of the analysis. Almost all the major industries are using these services due to the increasing number of data worldwide.This growth is primarily driven by Growing Data in Large and Small-medium Size Enterprises
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Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Forecast Period | 2023-2028 |
Volume Unit | N |
Value Unit | USD (Million) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
The Business Services sector in the
region has been increasing at a sustainable rate and further growth is expected to be witnessed over the forecast period, owing to the robust investments and expansion in production facilities in the region. Major Players, such as Oracle Corporation (United States), Microsoft Corporation (United States), IBM (United States), Dobler Consulting Services LLC (United States), Datavail (United States), EnterpriseDB (United States), Imperva (United States), Securosis, L.L.C. (United States) and Atlas Systems (United States), etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
Key Developments in the Market:
In September 2023, Informatica launches a new database assessment tool called Informatica Cloud Data Assessment. The tool helps organizations assess the health and performance of their databases in the cloud.
In November 2023, IBM partners with data management firm Collibra to offer a joint solution for data governance and quality. The partnership will help organizations ensure that their data is accurate, consistent, and compliant.The key manufacturers are targeting the innovations of the products with better quality, better technical characteristics, and also assist in providing and humanizing the after-sale service to the consumers. The key players are probable to keep a stronghold on the market over the anticipated period. The key players are accepting strategic decisions and are thinking upon mergers and acquisitions in order to maintain their presence in the market
Regulatory Insights:
"There are many different compliance laws and regulations nowadays. The compliance landscape has evolved over the recent past and changed the way many IT systems, applications, and data are controlled. The key regulations and their effect on database management and security practices are: the Sarbanes-Oxley legislation of 2002 (SOX) forced publicly traded companies to be more transparent about their financial data. This is a federal law and does not specify technical measures or tools that enterprises should use, but rather requires them to have “effective controls” in place. Specifically: Section 302 of SOX requires executives to certify the accuracy of financial reports. This means that company officers must have a handle on how data is flowing to create the reports. They must be certain that the data cannot be seen by unauthorized personnel, altered without authorization, or otherwise tampered with."
Influencing Trend:
The Addition of Database Security Service to Secure the Databases form Any Data Breaches and Increasing Technological Advancements in Database Assessment Service
Market Growth Drivers:
Growing Data in Large and Small-medium Size Enterprises and Need for Risk Management in Various Companies with a Large Amount of Data
Challenges:
Technical Issues with Database Management
Restraints:
Time Consuming Database Assessment Service and Stringent Regulatory Standards on Database Assessment Service
Opportunities:
Rising Demand for Database Assessment Services from Developing Regions Due to the Increasing Use of Cloud
AMA Research follows a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mainly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcases the spontaneously changing Players landscape impacting the market's growth. Furthermore, our market researchers extensively analyze the products and services offered by multiple players competing to increase their market share and presence.
Data Sources of Database Assessment Service Market Study
Primary Collection: InMail, LinkedIn Groups, Survey Monkey, Google, and Other professional Forums are some of the mediums utilized to gather primary data through key industry participants and appointees, subject-matter experts, C-level executives of Database Assessment Service Industry, among others including independent industry consultants, experts, to obtain and verify critical qualitative commentary and opinion and quantitative statistics, to assess future market prospects.
The primary interviews and data collected as per the below protocols: By Designation: C-Level, D-Level, Others
By Company Type: Tier 1, Tier 2, Tier 3
Secondary Data Sources such as Annual reports, Press releases, Analyst meetings, Conference calls, Investor presentations, Management statements, and SEC filings of Database Assessment Service players along with Regulatory Sites, Association, World bank, etc were used as sources secondary set of data.
Customization in the Report
AMA Research features not only specific market forecasts but also includes significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints
- New Entrants into the Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
Against this Challenging Backdrop, Database Assessment Service Study Sheds Light on
The Database Assessment Service Market status quo and key characteristics. To end this, Analysts at AMA organize and took surveys of the Database Assessment Service industry Players. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Database Assessment Service industry is heading and what are the top priorities. Insights are drawn from financial analysis, surveys, and interviews with key executives and industry experts.
How every company in this diverse set of Players can best navigate the emerging competition landscape and follow a strategy that helps them position to hold the value they currently claim or capture the new addressable opportunity.