Security Orchestration And Automation Market
A new market study, titled “Security Orchestration And Automation Market” has been featured on Market Research Future.
Market Research Future (MRFR), in its new “Security Orchestration Automation and Response (SOAR) Market” report, reveals that the SOAR market is expected to exhibit a CAGR of 14.6% during the forecast span of 2018 to 2025. As per MRFR, the SOAR market is likely to capitalize on the growing cases of cyber threats. MRFR estimated a valuation of USD 2,027.2 million by 2025, for the SOAR market.
Market Synopsis
SOAR is a set of distinct technologies that enables companies to gather data and security threats from different sources. Threat analysis and remediation processes for organizations are performed by SOAR software and services, by prioritizing incident response (IR) activities. The increase in application of SOAR tools by enterprises can be a defining factor for the growth of the market. SOAR services perform threat analysis in a systematic digital workflow format. This leads to the automation of various man-driven activities. SOAR deploys three technology sectors that are security orchestration and automation, incident response, and threat intelligence. This expected to increase efficacy of the technology. Hence, this is expected to propel the market.
Market Segmental Study
The SOAR market segmental study is based on component, organization size, vertical, and application.
By component, the market is divided into services and platform. The services segment is sub-segmented into managed service and professional service. The platform segment is likely to make high profit for the global SOAR market. This is because SOAR platform effectively manage security alerts and can effectively prevent cyberattacks of all kind. The service segment is also expected to gain considerable traction for the global market of SOAR in the evaluation period. This is because numerous enterprises are opting for managed service providers to keep their company secure.
By application, the market study is classified into network forensics, security operations center (SOC) optimization, compliance management, threat intelligence, and others. Threat intelligence facilitates in seamless management of cyber threat intelligence and flawless identification of threats, such as phishing, advanced persistent threat (APT), distributed denial of service, malware, botnets, ransomware, and others.
By organization size, the market is studied by small- and medium-sized enterprises and large enterprises. The large enterprise segment is likely to make high profits across the review period. The SMEs segment is anticipated to garner the higher CAGR by the assessment period.
By vertical, the market is segmented into BFSI, retail, government, IT & telecom, healthcare, energy and utilities, and others. The IT & telecom vertical is likely to garner the highest CAGR in the evaluation period. This is due to the high adoption of SOAR by a large number of MSSPs.
Detailed Regional Analysis
The regional study of SOAR market has been conducted across North America, South America, Europe, Asia Pacific, and the Middle East & Africa.
North America has the largest market share as the companies in this region are investing significantly in R&D activities, which has led to the advancement of technologies in security orchestration and automation. The US leads the market in North America due to high adoption of digital transformation to support large volumes of critical data; as a result, the need for SOAR platform is the highest in the country.
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Security Orchestration and Automation Market -OverviewThe surging need to consolidate enterprise data is likely to push the development of the SOAR market in 2020.
The software reports are produced by Market Research Future, which contains market alternatives for progress.
The growing susceptibilities in data security are forecasted to change the SOAR market in the future.Segmental AnalysisThe segmental insight into the security orchestration and automation market has been conducted based on application, organization size, vertical, component, and region.
Based on the application, the SOAR market has been segmented into network forensics, threat intelligence, compliance management, security operations center (SOC) optimization, and others.
Based on the vertical, the SOAR market has been segmented into BFSI, energy and utilities, healthcare, retail, IT & telecom, government, and others.
The North American region has the principal market stake as the businesses in this region are capitalizing considerably towards R activities, which has controlled the improvement of technologies in security orchestration and automation.
Security Orchestration And Automation Market TrendsThe global security orchestration market is likely to touch USD 2,123.5 million at a 15% CAGR over the forecast period (2017-2023), reveals the new Market Research Future (MRFR) report.
It includes the combination of technology, people, and processes to augment the security posture of an organization.The goal of SOC is in improving the efficiency of digital security and physical operations.
These factors, in accordance with the Market Research Future (MRFR) report, include rising security incidents and breaches, rapid development & deployment of cloud-based solutions, and growth in the Bring Your Own Device (BYOD) trend.On the contrary, frequent cyber-attacks on companies and concerns related to data privacy and security are factors that may hamper the security orchestration market growth over the forecast period.Market Research Future (MRFR), in its new “Security Orchestration Automation and Response (SOAR) Market” report, reveals that the SOAR market is expected to exhibit a CAGR of 14.6% during the forecast span of 2018 to 2025.
Threat analysis and remediation processes for organizations are performed by SOAR software and services, by prioritizing incident response (IR) activities.
This leads to the automation of various man-driven activities.
SOAR deploys three technology sectors that are security orchestration and automation, incident response, and threat intelligence.
The growth sectors of the Security Orchestration Automation and Response (SOAR) Market are identified with precision for a better growth perspective.Market Research Future (MRFR), in its new “Security Orchestration Automation and Response (SOAR) Market” report, reveals that the SOAR market is expected to exhibit a CAGR of 14.6% during the forecast span of 2018 to 2025.
As per MRFR, the SOAR market is likely to capitalize on the growing cases of cyber threats.
MRFR estimated a valuation of USD 2,027.2 million by 2025, for the SOAR market.FREE PDF@ https://www.marketresearchfuture.com/sample_request/8385Market SynopsisSOAR is a set of distinct technologies that enables companies to gather data and security threats from different sources.
Threat analysis and remediation processes for organizations are performed by SOAR software and services, by prioritizing incident response (IR) activities.
This leads to the automation of various man-driven activities.
The services segment is sub-segmented into managed service and professional service.
Market Analysis The global security orchestration automation & response market will touch USD 2,027.2 million at a 14.6% CAGR during the forecast period 2020- 2027, 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.Get a Free Sample @ https://www.marketresearchfuture.com/sample_request/8385Market BifurcationThe 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.
The services segment is again segmented into managed services and professional services.
