Security Orchestration Automation and Response (SOAR) Market Global Trends, Size, Segments and Growth by Forecast to 2030
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Market Analysis
The global security
orchestration automation & response market will touch $4.4
Billion at a 12.10% CAGR during the forecast period 2022- 2030, states the
latest Market Research Future (MRFR) analysis. Security orchestration
automation and response (SOAR) allows organizations in collecting data from
different sources and responding to safe operations from one single system sans
human assistance to deal with the changing threat environment. SOAR allows
various solutions in integrating with one another and automating tasks in
production with the help of workflows for managing security threats and
preventing further network attacks.
Various factors are fuelling the global security orchestration
automation and response market growth. As per the recent MRFR market estimates,
such factors include the growing digitization resulting in rising
vulnerabilities in data security, the need to improve detection and response
activities across verticals, growing demand from various verticals like IT and
telecommunications and BFSI, rising number of false alerts, and the rising
digitization. The additional factors propelling market growth include the
necessity to manage cyber threats, the need for improving detection and
response activities, and technological advances.
On the contrary, the impact of the COVID-19 impact, lack of
awareness regarding SOAR and lack of security operation handlers may limit the
security orchestration automation & response market growth over the
forecast period.
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Key Players
The
key players profiled in the global security orchestration automation and
response market report include Security (US), EclecticIQ (Netherlands), ATAR
Labs (Europe), Siemplify (US), Exabeam (US), Tufin (Israel), Resolve Systems
(US), Ayehu Software Technologies Ltd. (US), D3 Security (US), CyberSponse
(US), Cyberbit (Israel), ThreatConnect (US), DFLabs (Italy), LogRhythm, Inc.
(US), Splunk Inc. (US), Rapid7 (US), Palo Alto Networks (US), Swimlane, LLC
(US), FireEye Inc. (US), IBM Corporation (US), and Cisco Systems, Inc. (US),
among others.
Market Bifurcation
The Market Research Future report
throws light on an inclusive segmental analysis of the global security
orchestration automation and response market based on vertical, organization
size, application, and component.
By component, the global security orchestration automation and
response market is segmented into services and platform. The services segment
is again segmented into managed services and professional services. Of these,
the service segment will lead the market over the forecast period.
By application, the global security orchestration automation and
response market is segmented into compliance management, threat intelligence,
network forensics, security operations center (SOC) optimization, and others.
Of these, the threat intelligence segment will dominate the market over the
forecast period.
By organization size, the global security orchestration automation
and response market is segmented into large enterprise and small and medium
sized enterprise (SME).
By vertical, the global security orchestration automation and
response market is segmented into retail, healthcare, energy and utilities,
government, IT and telecom, BFSI, and others.
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Regional Analysis
By region, the global security
orchestration automation and response market covers the recent trends and
growth opportunity across Europe, the Asia Pacific (APAC), North America, South
America, and the Middle East and Africa (MEA). Of these, North America will
rule the market over the forecast period. Companies making heavy investments in
research and development activities, technological advances in security
orchestration and automation, increasing adoption of digital transformation to
support large volumes of critical data, the presence of well-established and
sustainable economies, and the presence of key players are adding to the global
security orchestration automation and response market growth in the region.
In Europe, the global security orchestration automation and
response market is predicted to hold the second-largest share over the forecast
period. Rising need among enterprises across verticals coupled with the managed
security service providers to comply with the government imposed regulations
are adding to the global security orchestration automation and response market
growth in the region.
In the APAC region, the global security orchestration automation
and response market is likely to have admirable growth in the forecast period
for the rising adoption of SOAR for security incident and response, security
orchestration and automation, and threat intelligence.
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