What Are The Growth Projections For The Global Security Orchestration, Automation And Response (SOAR) Market?
The security orchestration, automation and response (SOAR) market has seen rapid growth in recent years and is expected to continue that trend. It was valued at $1.66 billion in 2024 and is projected to grow to $1.88 billion in 2025 at a compound annual growth rate (CAGR) of 13.6%. This healthy growth rate can be attributed to the increasing volume and complexity of cybersecurity incidents, the need for rapid incident response, integration with threat intelligence platforms, a shortage of cybersecurity talent, and emphasis on streamlining security operations. Looking forward, the SOAR market size is poised to reach up to $3.78 billion by 2029 at a CAGR of 19.0%, with growth drivers such as expansion of threat detection and response capabilities, increased adoption by SMEs, growth in cloud-based soar solutions, and emphasis on cross-platform orchestration and automation.
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What Is Driving The Growth of The Security Orchestration, Automation, And Response Market?
An increase in cyberattacks worldwide is a key driver propelling the growth of the SOAR market. Cybersecurity orchestration tools are being deployed to provide more efficient security operations to counter these threats. Notably, there was a 13% increase in cybercrime reports received in 2022, highlighting the urgency of improving cybersecurity infrastructure, thereby driving the security orchestration, automation, and response market growth.
What Are The Key Segments In The Global Security Orchestration, Automation And Response (SOAR) Market?
• By Component: Solution, Services
• By Deployment Mode: Cloud, On-Premises
• By Organization Size: Small And Medium Enterprises, Large Enterprises
• By Application: Threat Intelligence, Network Forensics, Incident Management, Compliance Management, Workflow Management, Other Applications
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Who Are The Major Players In The Security Orchestration, Automation And Response (SOAR) Market?
Key players orchestrating this 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.
How Are Technological Advancements Impacting The Global Security Orchestration, Automation And Response (SOAR) Market?
Advancements in technology are a key trend shaping the SOAR market. Companies are now introducing next-generation SOAR solutions to automate security operations, streamline workflows, prevent vendor lock-in, and provide faster incident analysis and response. The adoption of such innovations is set to enhance market growth in the coming years.
What Are The Regional Insights For The Security Orchestration, Automation And Response (SOAR) Market?
North America held the largest share in the SOAR market in 2024. However, Asia-Pacific is anticipated to be the fastest-growing region in the forecast period. The regions covered in this report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
What Does The Security Orchestration, Automation And Response (SOAR) Market Report 2025 Offer?
Security orchestration, automation, and response (SOAR) refers to a collection of technologies that allow businesses to collect and analyze security alerts from various sources. The Security Orchestration, Automation And Response (SOAR) Market research report from The Business Research Company offers global market size, growth rate, regional shares, competitor analysis, detailed segments, trends, and opportunities.
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