Security Orchestration Market Overview

By 2030, the Security Orchestration Market share is projected to grow at a CAGR of 12.10% to reach USD 4.4 billion. Security orchestration is described as the process of linking security solutions with current security systems to improve the security operations of businesses. Technological integration, in conjunction with current tools, is known to enable organisations to embrace modern security solutions using both internal and external resources.

The security orchestration market is emphasising an increase in security breaches and occurrences as a result of the dramatic growth in the BYOD trend affecting SMEs, as well as the rapid deployment and development of cloud-based solutions, all of which have positive attributes and are fueling the application of security orchestration among various organisations during the forecast period, which will end in 2023. As a rising number of prominent firms adopt the security orchestration platform to monitor and manage their computer network traffic, there has been a sharp increase in the application of network forensics, which is projected to boost market demand.

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Market Segmentation

Small and medium-sized companies are likely to lead the target market among the organisation size groups, owing to their increased adoption of security orchestration. This is due to its capacity to respond rapidly and effectively to harmful occurrences or activities.

Depending on the Market Component

The component sector is made up of two parts: solution and service. Professional services, consulting services, training and education, support and maintenance, and other services such as managed services have been subdivided into the service segment.

According to the Market Application

The security orchestration market is divided into application segments such as threat intelligence, network forensics, ticketing solutions, compliance management, and others.

Regional Classification

The North American security orchestration industry is likely to dominate the global market. Increasing cyber-attacks in recent years, as well as government institutes' high budgets for improving and expanding infrastructure security, are factors likely to drive the growth of the target market in this region.

The Asia Pacific security orchestration market is likely to contribute a significant revenue share to the worldwide industry. The increasing number of small and medium-sized organisations in this region, as well as increased digitization initiatives to improve threat-response systems, are projected to promote the growth of the target market in this region.

The European security orchestration industry is expected to contribute significantly to global revenue growth. In contrast, the Latin American security orchestration industry is predicted to grow significantly in the worldwide market during the next ten years.

Furthermore, the Middle East and Africa security orchestration market are predicted to grow at a high pace in terms of revenue due to the region's increasing urbanisation and rapidly expanding information technology sector.

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Industry News

FireEye, Inc., Cisco Technologies, Inc., Intel Security, IBM Corporation, Huawei Technologies, Hexadite, Phantom Cyber Corporation, Tufin, Swimlane LLC, and CyberSponse Inc. are some of the main competitors in the worldwide Security Orchestration industry.

Overall, the Security Orchestration software market's growth prospects are positive, since adoption across most small and medium-sized businesses is expected to improve in shortly the near future.

Key Players

The key players in the global SOAR market are Splunk Inc. (US), LogRhythm, Inc. (US), DFLabs (Italy), ThreatConnect (US), Cyberbit (Israel), D3 Security (US), Ayehu Software Technologies Ltd. (US), CyberSponse (US), Resolve Systems (US), Cisco Systems, Inc. (US), IBM Corporation (US), FireEye Inc. (US), Swimlane, LLC (US), Palo Alto Networks (US), and Rapid7 (US). The other players in the global SOAR market include ATAR Labs (Europe), EclecticIQ (Netherlands), Tufin (Israel), Siemplify (US), Exabeam (US), and Syncurity (US).

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