The Business Research Company’s report on the Security Orchestration, Automation And Response (SOAR) Market provides insights into the global market size, growth rate, regional distribution, competitive landscape, key segments, emerging trends, and strategic opportunities.
Which emerging drivers are set to accelerate the growth of the security orchestration, automation and response (soar) market further?
An increase in the number of cyberattacks is expected to propel the growth of the security orchestration, automation, and response market going forward. A cyberattack refers to an attack done by hackers to gain unauthorized access to a computer, computing system, or computer network with the intent to cause damage to the organization. Security orchestration helps to provide more effective security operations. It contains dozens of cyber security tools that help to prevent, detect, and remediate cyberattacks. For instance, in February 2023, according to the Australian Cyber Security Centre, an Australia-based cyber security agency, the number of cybercrime reports received in 2022 was 76,000, up 13% from the previous year. Therefore, the increase in the number of cyberattacks is driving the security orchestration, automation, and response market growth.
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What are the key factors influencing the forecasted market size of the security orchestration, automation and response (soar) industry?
The security orchestration, automation and response (SOAR) market size has grown rapidly in recent years. It will grow from $1.66 billion in 2024 to $1.88 billion in 2025 at a compound annual growth rate (CAGR) of 13.6%. The growth in the historic period can be attributed to growing volume and complexity of cybersecurity incidents, need for rapid incident response and resolution, integration with threat intelligence platforms, shortage of cybersecurity talent, emphasis on streamlining security operations.
The security orchestration, automation and response (SOAR) market size is expected to see rapid growth in the next few years. It will grow to $3.78 billion in 2029 at a compound annual growth rate (CAGR) of 19.0%. The growth in the forecast period can be attributed to expansion of threat detection and response capabilities, increased adoption by small and medium enterprises (SMEs), growth in cloud-based soar solutions, emphasis on cross-platform orchestration and automation. Major trends in the forecast period include threat hunting and proactive incident detection, integration of soar with security information and event management (SIEM), focus on user and entity behavior analytics (UEBA) in soar, automation of routine security tasks and workflows, continuous improvement and optimization of soar processes.
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Who are the leading competitors in the security orchestration, automation and response (soar) market?
Major companies operating in the security orchestration, automation and response (SOAR) market include 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.
Which emerging trends are set to transform the security orchestration, automation and response (soar) market landscape?
Technological advancements have emerged as a key trend gaining popularity in the security orchestration, automation, and response markets. Major companies operating in the security orchestration, automation, and response sector are focused on introducing new technologies to sustain their position. For instance, in January 2022, Revelstoke, a US-based IT company, launched a next-generation SOAR solution for automating security operations centers. This SOAR platform automates analysis, eliminates software development requirements, optimizes workflows, prevents vendor lock-in, scales processes, and gets to the root of incidents quickly.
How do different geographies compare in terms of market share and growth potential in the security orchestration, automation and response (soar) market?
North America was the largest region in the security orchestration, automation and response (SOAR) market in 2024. 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
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Which major segments of the security orchestration, automation and response (soar) market are experiencing the fastest growth?
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 Organization Size: Small And Medium Enterprises, Large Enterprises
4) By Application: Threat Intelligence, Network Forensics, Incident Management, Compliance Management, Workflow Management, Other Applications
Subsegments:
1) By Solution: Security Orchestration Platforms, Automation Tools, Incident Response Solutions, Threat Intelligence Integration, Case Management Systems
2) By Services: Managed SOAR Services, Consulting And Implementation Services, Training And Support Services, Incident Response Planning And Execution
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What defines the structure and scope of the security orchestration, automation and response (soar) market?
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.
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