Security Orchestration Automation and Response (SOAR) Market Sales Revenue, Comprehensive Plans, Growth Potential & Forecast 2020-2030
Market Analysis
The
global security orchestration
automation & response market size 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.
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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.
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 Analysis
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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