The Security Orchestration, Automation And Response (SOAR) by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s Security Orchestration, Automation And Response (SOAR), The security orchestration, automation and response (soar) market size has grown rapidly in recent years. It will grow from $1.48 billion in 2023 to $1.7 billion in 2024 at a compound annual growth rate (CAGR) of 14.8%. 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 $3.13 billion in 2028 at a compound annual growth rate (CAGR) of 16.6%. 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.
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, according to Forbes, a US-based business magazine, in 2021, cyberattacks and data breaches increased by 15.1% in the US. Therefore, the increase in the number of cyberattacks is driving the security orchestration, automation, and response market growth.
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The security orchestration, automation and response (soar) market covered in this report is segmented –
security orchestration, automation and response (soar) By Component:
Solution
Services
security orchestration, automation and response (soar) By Deployment Mode:
Cloud
On Premises
security orchestration, automation and response (soar) By Organisation Size:
Small And Medium Enterprises
Large Enterprises
security orchestration, automation and response (soar) By Application:
Threat Intelligence
Network Forensics
Incident Management
Compliance Management
Workflow Management
Other Applications
security orchestration, automation and response (soar) By End User:
BFSI
Retail
Healthcare
Energy And Utilities
Government
IT And Telecommunications
Other End Users
Top Key Players:
IBM Corporation.
Cisco Systems Inc.
FireEye Inc.
Palo Alto Networks Inc
Swimlane LLC.
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.
The security orchestration, automation and response (soar) market report table of contents includes:
1. Executive Summary
2. Security Orchestration, Automation And Response (SOAR) Market Characteristics
3. Security Orchestration, Automation And Response (SOAR) Market Trends And Strategies
4. Security Orchestration, Automation And Response (SOAR) Market – Macro Economic Scenario
5. Global Security Orchestration, Automation And Response (SOAR) Market Size and Growth
….
31. Global Security Orchestration, Automation And Response (SOAR) Market Competitive Benchmarking
32. Global Security Orchestration, Automation And Response (SOAR) Market Competitive Dashboard
33. Key Mergers And Acquisitions In The Security Orchestration, Automation And Response (SOAR) Market
34. Security Orchestration, Automation And Response (SOAR) Market Future Outlook and Potential Analysis
List Of Tables
Table 1: Global Historic Market Growth, 2018-2023, $ Billion
Table 2: Global Forecast Market Growth, 2023-2028F, 2033F, $ Billion
Table 3: Global Security Orchestration, Automation And Response (SOAR) Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Table 4: Global Security Orchestration, Automation And Response (SOAR) Market, Segmentation By Deployment Mode, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Table 5: Global Security Orchestration, Automation And Response (SOAR) Market, Segmentation By Organisation Size, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
…..
Table 76: IBM Corporation. Financial Performance
Table 77: Cisco Systems Inc. Financial Performance
Table 78: FireEye Inc. Financial Performance
Table 79: Palo Alto Networks Inc Financial Performance
Table 80: Swimlane LLC. Financial Performance
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