SAN FRANCISCO, Aug. 24, 2021 /PRNewswire/ — A new market study published by Global Industry Analysts Inc., (GIA) the premier market research company, today released its report titled “Cloud Database Security – Global Market Trajectory & Analytics”. The report presents fresh perspectives on opportunities and challenges in a significantly transformed post COVID-19 marketplace.
FACTS AT A GLANCE
Edition: 6; Released: May 2021
Executive Pool: 32627
Companies: 145 – Players covered include Amazon Web Services, Inc.; Axis Technology LLC; Fortinet, Inc.; Gemalto NV; Hewlett-Packard Development Company LP; IBM Corporation; Imperva, Inc.; Informatica LLC; Intel Security Group; McAfee LLC; Oracle Corporation; Trustwave Holdings, Inc.; Voltage Security Inc. and Others.
Coverage: All major geographies and key segments
Segments: Deployment (Private, Public, Hybrid); End-Use (BFSI, Retail, IT & Telecommunication, Other End-Uses)
Geographies: World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; and Rest of Europe); Asia-Pacific; Rest of World.
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Global Cloud Database Security Market to Reach $20.9 Billion by 2026
Amid the COVID-19 crisis, the global market for Cloud Database Security estimated at US$6.6 Billion in the year 2020, is projected to reach a revised size of US$20.9 Billion by 2026, growing at a CAGR of 18.7% over the analysis period. Private, one of the segments analyzed in the report, is projected to record a 19.1% CAGR and reach US$11 Billion by the end of the analysis period. After a thorough analysis of the business implications of the pandemic and its induced economic crisis, growth in the Public segment is readjusted to a revised 17% CAGR for the next 7-year period.
The U.S. Market is Estimated at $2.3 Billion in 2021, While China is Forecast to Reach $3.2 Billion by 2026
The Cloud Database Security market in the U.S. is estimated at US$2.3 Billion in the year 2021. China, the world`s second largest economy, is forecast to reach a projected market size of US$3.2 Billion by the year 2026 trailing a CAGR of 18% over the analysis period. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 16.9% and 16.1% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 13.7% CAGR.
Hybrid Segment to Reach $3.5 Billion by 2026
In the global Hybrid segment, USA, Canada, Japan, China and Europe will drive the 21.3% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$779.3 Million in the year 2020 will reach a projected size of US$3 Billion by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$821 Million by the year 2026. More
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SOURCE Global Industry Analysts, Inc.