Global Security Orchestration Automation And Response SOAR Market Growth Rate 2024, Forecast To 2033
26 Feb, 2024
The security orchestration, automation, and response (SOAR) market has experienced rapid growth, surging from $1.48 billion in 2023 to $1.7 billion in 2024, with a 14.8% CAGR. This surge is attributed to the growing volume and complexity of cybersecurity incidents, the need for rapid incident response and resolution, integration with threat intelligence platforms, and a shortage of cybersecurity talent. The market is expected to continue its exponential growth, reaching $3.13 billion by 2028, driven by the expansion of threat detection and response capabilities, increased adoption by small and medium enterprises, growth in cloud-based SOAR solutions, and an emphasis on cross-platform orchestration and automation. Trends include threat hunting, proactive incident detection, integration with security information and event management, focus on user and entity behavior analytics, and the automation of routine security tasks and workflows.
Global Security Orchestration Automation And Response SOAR Market Key Driver
The security orchestration, automation, and response market are poised for growth due to the increasing number of cyberattacks. With cyberattacks and data breaches rising by 15.1% in the U.S. in 2021, organizations are adopting security orchestration to enhance their security operations. The integration of numerous cybersecurity tools is proving effective in preventing, detecting, and remediating cyber threats, driving the growth of the security orchestration, automation, and response market.
Get A Free Sample Of The Global Security Orchestration Automation And Response SOAR Market ReportGlobal Security Orchestration Automation And Response SOAR Market Segments
The security orchestration, automation and response (soar) market covered in this report is segmented –
1) By Component: Solution, Services
2) By Deployment Mode: Cloud, On Premises
3) By Organisation Size: Small And Medium Enterprises, Large Enterprises
4) By Application: Threat Intelligence, Network Forensics, Incident Management, Compliance Management, Workflow Management, Other Applications
5) By End User: BFSI, Retail, Healthcare, Energy And Utilities, Government, IT And Telecommunications, Other End Users
By Geography: The regions covered in the template market report are Asia-Pacific, Western Europe, Eastern Europe,North America, South America, Middle East, and Africa. Among these regions.
North America was the largest region in the security orchestration, automation and response (SOAR) market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the security orchestration, automation and response (soar) market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Major Security Orchestration Automation And Response SOAR Industry Players
IBM Corporation.; Cisco Systems Inc.; FireEye Inc.; Palo Alto Networks Inc; Swimlane LLC.; Rapid7; LogRhythm Inc.; Splunk Inc.; DFLabs S. p. A; Cyberbit; ThreatConnect; CyberSponse Inc.; D3 Security Inc.; Resolve Systems LLC.; Exabeam Inc.; Tufin; Musarubra US LLC.; Ayehu Inc.; Anomali ThreatStream Inc.; Fortinet Inc.; Stellar Cyber Inc.; Uptycs Inc.; Zscaler Inc.; BigPanda Inc.; Demisto Inc.; Niara Inc.; LogicHub Inc.; Lumu Technologies Inc.
Get The Full Global Security Orchestration Automation And Response SOAR Market Report
Security Orchestration Automation And Response SOAR Market Overview
Security orchestration automation and response (SOAR) is a collection of technologies that enable businesses to collect information and security alerts from a variety of sources. Enterprises can define response processes and perform threat analysis using security orchestration automation and response tools. The security orchestration, automation, and response (SOAR) is used to perform security threat analysis in a systematic digital workflow format without any human assistance.
Security Orchestration Automation And Response SOAR Global Market Report 2023 provides data on the global security orchestration automation and response soar market such as market size, growth forecasts, segments and geographies, competitive landscape including leading competitors’ revenues, profiles and market shares. The security orchestration automation and response soar market report identifies opportunities and strategies based on market trends and leading competitors’ approaches.