Global Security Orchestration Market Size By Organization Size, By Component, By Application, By Deployment Model, By Vertical, By Geographic Scope And Forecast

Security Orchestration Market Size And Forecast

Security Orchestration Market size was valued at USD 1.45 Billion in 2020 and is projected to reach USD 4.63 Billion by 2028, growing at a CAGR of 15.60% from 2021 to 2028.

The Factors such as an increase in security breaches in security due to the rising implementation of the Bring Your Own Device system in medium or small businesses as well as the rising intricacies in the network infrastructure are driving the market for security orchestration. The Global Security Orchestration Market report provides a holistic evaluation of the market. The report offers a comprehensive analysis of key segments, trends, drivers, restraints, competitive landscape, and factors that are playing a substantial role in the market.

Global Security Orchestration Market Definition

Security orchestration is a technique of linking tools used for security as well as incorporating dissimilar security systems in order to develop a system that encompasses more features. The connected layer modernizes the security methods while the security orchestration system itself is then is able to use its platform to combine tools, methods, and systems in order to be able to maximize the efficiency of the tools at hand. Security orchestration is able to improve the overall efficiency as well as the intelligence of the security tools while simultaneously being able to lower the intricacy of the management of these systems.

Global Security Orchestration Market Overview

Factors such as the increase in security breaches in security due to the rising implementation of the Bring Your Own Device system in medium or small businesses as well as the rising intricacies in the network infrastructure are driving the market for security orchestration. Additionally, security orchestration allows organizations to automatically detect & respond to security operations from a single console and the technologies & tools provided by this platform helps to protect data, computers, programs, & networks from security breaches, cyber-attacks, unauthorized access, or damages. This is expected to fuel the market over the predicted years.

There are certain restraints and challenges faced which can hinder the market growth. Factors such as the lack of knowledge when it comes to security orchestration as well as cyber threats and poor control over cybersecurity are restraining the market for security orchestration.

Global Security Orchestration MarketSegmentation Analysis

The Global Security Orchestration Market is segmented on the basis of Organization Size, Component, Application, Deployment Model, Vertical, And Geography.

Security Orchestration Market, By Organization Size

• Large Companies• Small and Medium Businesses

Based on Organization Size, the market is bifurcated into Large Companies and Small and Medium Businesses. Small and Medium Businesses will dominate the market due to the growing adoption of security orchestration by the enterprises owing to the ability of this system to respond to malicious activities effectively.

Security Orchestration Market, By Component

• Solution• Service

Based on Component, the market is bifurcated into Solution and Service. The service component is predicted to hold the most significant CAGR in the forecasted period due to the growing market for services while the solution component is expected to have the largest market share as organizations are investing more to secure confidential applications & data from future attacks.

Security Orchestration Market, By Application

• Compliance management• Threat intelligence• Ticketing solutions• Network forensics• Others

Based on Application, the market is bifurcated into Compliance management, Threat intelligence, Ticketing solutions, Network forensics, and others. Network forensics is predicted to hold the most significant CAGR in the forecasted period due to the growing network forensics market and adoption of network forensics solutions by the companies to monitor & manage computer network traffic. Threat intelligence will have the largest share as vulnerabilities have become more sophisticated & complex thereby raising the demand for security orchestration solutions having threat intelligence capabilities.

Security Orchestration Market, By Deployment Model

• Cloud-based• On-premise

Based on the Deployment Model, the market is bifurcated into Cloud-based and On-premise. The cloud-based deployment model will hold the largest market share due to a growing need to defend against advanced cyber-attacks.

Security Orchestration Market, By Vertical

• Government• IT and Telecom• Banking, Financial Services and Insurance  (BFSI)• Others

Based on Vertical, the market is bifurcated into Government, IT and Telecom, Banking, Financial Services, & Insurance (BFSI), and Others. Banking, Financial Services, & Insurance (BFSI) are anticipated to have the highest CAGR in the forecasted period as it requires an end to end security solutions to optimize operations against external internal threats as this sector continuously upgrades its transaction and processing technologies.

Security Orchestration Market, By Geography

• North America• Europe• Asia Pacific• Rest of the World

Based on regional analysis, the Global Security Orchestration Market is classified into North America, Europe, Asia Pacific, and Rest of the world. The largest revenue in the market will be contributed by North America followed by Europe due to the availability of cost-effective cloud-based security orchestration solutions and rising instances of sophisticated cyber-attacks in these regions. Asia-Pacific is predicted to have the highest CAGR industries in the region are growing rapidly thus making infrastructure more complex which in turn will generate protection against vulnerabilities.

Key Players

The “Global Security Orchestration Market” study report will provide valuable insight with an emphasis on the global market including some of the major players are Cisco Systems, Inc., Cybersponse, Inc., Intel Security, Swimlane LLC, IBM Corporation, Phantom Cyber Corporation, Huawei Technologies Co. Ltd., Hexadite, Tufin, Fireeye, Inc.

Our market analysis also entails a section solely dedicated to such major players wherein our analysts provide an insight into the financial statements of all the major players, along with its product benchmarking and SWOT analysis. The competitive landscape section also includes key development strategies, market share, and market ranking analysis of the above-mentioned players globally.

Key Developments

Partnerships, Collaborations and Agreements

• On August 2021, BAE Systems has signed a strategic business agreement with Intel to develop next-generation defense applications based on Intel’s most advanced technology. The agreement will enable BAE Systems’ FAST Labs research and development organization to receive early access to select Intel technologies.

• On June 2021, FireEye Inc., has entered into a definitive agreement to sell the FireEye Products business, including the FireEye name, to a consortium led by Symphony Technology Group (STG) in an all-cash transaction for $1.2 billion, before taxes and transaction-related expenses.

Mergers and Acquisitions

• On December 2019, Fortinet announced the acquisition of CyberSponse, Inc., a leading provider of Security Orchestration, Automation & Response. SOAR tools significantly enhance security operations activities like threat detection and response by providing machine-powered assistance to human analysts to improve the efficiency and consistency of people and processes.

Product Launches and Product Expansions

• On March 2019, RSA unveiled the newest version of its market-leading SIEM, RSA NetWitness Platform, which features machine learning models based on profound endpoint observations to rapidly detect anomalies in user’s behavior to uncover evolving threats. This announcement furthers RSA’s strategy to help customers take a unified, phased approach in managing digital risk, an ever-increasing challenge faced by organizations with ambitious digital transformation initiatives.

• On April 2019, Swimlane announced its launch of the Channel Program and Technical Alliances Program. The SOAR solution is also available on Linux with support for Docker and Kubernetes, allowing for an improved DevSecOps approach to cybersecurity.

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• Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors• Provision of market value (USD Billion) data for each segment and sub-segment• Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market• Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region• Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions and acquisitions in the past five years of companies profiled• Extensive company profiles comprising of company overview, company insights, product benchmarking and SWOT analysis for the major market players• The current as well as the future market outlook of the industry with respect to recent developments (which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions• Includes an in-depth analysis of the market from various perspectives through Porter’s five forces analysis• Provides insight into the market through Value Chain• Market dynamics scenario, along with growth opportunities of the market in the years to come• 6-month post-sales analyst support

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