Market Highlights
The global Security Orchestration market is projected to witness a rapid growth during the forecast period. By application segment, network forensics segment is expected to account for the largest market share as a large number of organizations are adopting network forensic solutions to monitor internet network traffic. Threat intelligence is expected to grow at the highest CAGR during the forecast period.
The global security orchestration market is projected to reach USD 2,123.5 Million at a CAGR of over 15% by the end of the forecast period.
The global Security Orchestration Market, by geography, is segmented into North America, Europe, Asia Pacific, and Rest of the World. As compared to other regions, the security orchestration market in North America region is expected to witness significant growth during the forecast period owing to the presence of major players and demand for advanced security solutions to combat cyber-attacks.
In the global Security Orchestration market, Asia Pacific is anticipated to grow at the highest CAGR during the forecast period as compared to other regions, owing to the growing adoption of cloud service with advanced security technology implementation in IT, BFSI, and retail industry. Increasing data breach incidents are expected to be the other key driver of security orchestration market.
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Global Security Orchestration Market: Segmental Analysis
The global security orchestration market has been segmented on the basis of application, component, organization size, deployment, and vertical.
By mode of component, the global security orchestration market has been segmented into service and solution.
By mode of application, the global security orchestration market has been segmented into network forensics, threat intelligence, compliance management, ticketing solutions, and others.
By mode of deployment, the global security orchestration market has been segmented into on-premise and cloud.
By mode of organization size, the global security orchestration market has been segmented into small & medium enterprise and large enterprises.
By mode of end-user, the global security orchestration market has been segmented into energy and utilities, BFSI, healthcare, government, IT & telecommunication, retail, and others.
Regional Insights
Geographically, the security orchestration market span across regions namely, Europe, North America, Asia Pacific, and Rest-of-the-World (RoW).
Among all the regions, the North American region is considered to occupy the largest market share and is likely to retain its dominance during the assessment period. The growth is credited to the presence of major industry players, high demand for cutting-edge technology, and well-established research and development centers in this region.
The Asia Pacific region is likely to expand at the fastest rate in the security orchestration market throughout the assessment period. The growth is credited to the augmenting adoption of cloud-based security solutions coupled with the need for advanced security solutions in order to combat cyber-attacks.
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Industry Updates
January 30, 2019: The global leader in Security Orchestration Automation and Response, Cyber Sponge, Inc., has recently announced their integration with Polarity, which is the leading memory augmentation platform. The company excels in optimizing data awareness and recall.
Intended Audience
- Technology Investors
- Research/Consultancy Firms
- Software Providers
- System Integrators
- Independent software vendors
- Consulting firms
- Value-Added Resellers (VARs)
- Managed Security Service Providers (MSSPs)
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