IMARC Group, a leading market research company, has recently releases report titled “Security Orchestration Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028.” The study provides a detailed analysis of the industry, including the global security orchestration market share, size, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.
How Big is the Security Orchestration Market?
The global security orchestration market size reached US$ 2.8 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 7.0 Billion by 2028, exhibiting a growth rate (CAGR) of 16.1% during 2023-2028.
What is Security Orchestration?
Security orchestration is the method of connecting a wide variety of security tools and integrating disparate security systems. It comprises security solutions working together without hindering other processes. It also includes streamlining workflows to increase the efficiency of other components and making data export easier and more organized. It enables businesses to automate various security processes and have a first line of defense in case of a cyber-attack. It assists security teams in gathering information spontaneously, fixing issues, and addressing vulnerabilities easily. It also helps prioritize remediation based on areas that pose greater risks and create better-informed plans for improvement.
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What are the growth prospects and trends in the security orchestration industry?
At present, the increasing demand for security orchestration across various organizations to manage security alerts and prevent malicious activities represents one of the primary factors propelling the growth of the market.
Besides this, the rising trend of bringing your own device (BYOD) to work flexibly and reduce the infrastructure maintenance load on the organization is contributing to the growth of the market. In addition, the growing cloud computing activities to enhance operational efficiency and store large quantities of data are offering a favorable market outlook.
Apart from this, the increasing occurrence of cyber security breaches to steal confidential information and hack systems is supporting the growth of the market.
What is included in market segmentation?
The report has segmented the market into the following categories:
Breakup by Type:
- Software
- Services
Breakup by Deployment Mode:
- Cloud-based
- On-premises
Breakup by Organization Size:
- Small and Medium- sized Enterprises
- Large Enterprises
Breakup by Application:
- Compliance Management
- Threat Intelligence
- Ticketing Solutions
- Network Forensics
- Others
Breakup by End Use Industry:
- BFSI
- IT and Telecommunication
- Government and Defense
- E-Commerce
- Others
Market Breakup by Region:
- North America (United States, Canada)
- Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
- Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa
Who are the key players operating in the industry?
The report covers the major market players including:
Acalvio Technologies Inc., Accenture plc, Amazon Web Services Inc. (Amazon.com Inc.), Cisco Systems Inc., Cyberbit (Elbit Systems), Exabeam Inc., Forescout Technologies Inc., International Business Machines Corporation, Optiv Security Inc., Palo Alto Networks Inc., Swimlane Inc. and Tufin.
If you require any specific information that is not covered currently within the scope of the report, we will provide the same as a part of the customization.
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