[342 Pages Report] The security orchestration automation and response (SOAR) market is anticipated to have a steady CAGR of 10.9% during the period 2022 to 2032.
The security orchestration automation and response market share is predicted to grow from US$ 1.3 Billion in 2022 to US$ 3.8 Billion in 2032. Previously, the demand for security orchestration automation and the response was thriving at a higher CAGR of 12.9% (2016-2021), resulting in a market size of US$ 1.2 Billion in 2021.
Many businesses around the world are putting up their best efforts to learn more about security orchestration automation and response technologies and their possibilities in the future.
The dynamics of security orchestration are centered on the cloud, and they are increasingly expanding beyond data collection and retention to include analysis of large volumes of cloud and IT application data in order to gauge sophisticated responses to threats that are detected. This has increased the adoption of security orchestration automation and response on a global level.
| Attributes | Details |
|---|---|
| SOAR Market CAGR (2022 to 2032) | 10.9% |
| SOAR Market Size (2022) | US$ 1.3 Billion |
| SOAR Market Size (2032) | US$ 3.8 Billion |
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COVID-19 had a beneficial impact on the security orchestration automation and response market. The demand for security orchestration automation and the response has exploded in response to rising IT and telecom revolutions and economies' digital transformations. The global impact of the pandemic has boosted digitization and automation in the manufacturing sector.
Supply chain and product management, sales and marketing, and other business activities have all been digitized by many companies. The automation raised the demand for better Internet connectivity, cloud-based apps, connected devices, and IoT services to transfer data files in real-time with high dependability.
The adoption of security orchestration automation and the response has been steadily growing over the last several months, and solution vendors are investing heavily in Research and Development to develop and improve SoCs. The security orchestration automation and response market outlook has changed in a positive light.
The global security orchestration automation and response market are seeing a lot of demand for emerging new technologies like IT, OT, cloud, and blockchain.
The rising quantity of security threats, their sophistication, the increasing complexity of the business environment, and the skills shortage are all contributing to the global security orchestration automation and response market. There are firms that are prioritizing safety and security while also enhancing communication in order to shape the future of security orchestration automation and response to market trends.
Organizations are attempting to figure out ways to send data in real time. Therefore the global market is likely to increase significantly. As technology advances, the security measures required to protect data are expected to evolve as well. This serves as a fundamental driver for the security orchestration automation and response market.
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The shortage of security personnel in the security orchestration automation and response market is now holding the sector back. Few people are equipped to deal with technology. There is a lack of acceptance, which would entail businesses investing heavily in the digitalization of security orchestration.
The global demand for security orchestration automation and response is benefiting immensely from digitalization, but it is also posing a difficulty because training trained employees are expected to be costly. As technology and digitalization advance, vulnerabilities are likely to grow, and the sales of security orchestration automation and response are projected to expand as well.
A major security orchestration automation and response market trend is the integration of security orchestration automation and response solutions with cyber platforms, which allows security analysts to acquire additional contextual information in the event of an incident prioritization in order to establish an attack path toward a vital asset.
Other significant reasons driving the security orchestration automation and response market size are the requirement to manage cyber risks and increase detection and response efforts across verticals.
In addition, the adoption of increasingly intelligent devices adds to security orchestration automation and response market growth by addressing bandwidth and latency challenges as well as enterprise maturation. Conversely, a lack of awareness of SOAR is a major impediment to the security orchestration automation and response market's growth. Nonetheless, the market is expected to be supported over the evaluation period by expanding cloud use, business IoT professionals, and the most trustworthy IoT network and security orchestration automation and response market future trends would be adopted successfully.
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As per security orchestration automation and response market analysis, during the projection period, the services segment is expected to develop at a faster CAGR than the solutions segment. The security orchestration automation and response platform enable diverse solutions to work together and automate tasks across products via workflows while yet allowing for human interaction.
To manage security warnings and prevent further assaults, these systems are implemented in public and private businesses. This has opened new security orchestration automation and response market opportunities and led to rapid growth.
Organizations are embracing security services to manage mounting risks in a constantly shifting threat landscape as cyberattack vectors get more sophisticated. Professional and managed security services are the two main categories of security services available.
In terms of global security orchestration automation and response market segmentation, the services segment is projected to develop faster than any other in the coming years, based on components. The threat analysis sector is predicted to lead the worldwide demand for security orchestration automation and response in terms of application.
The cloud segment of the security orchestration automation and response market is expected to account for a greater market share than the on-premises segment by deployment.
Organizations are using cloud security solutions like security orchestration automation and response to see threats in a centralized manner and make joint efforts to remediate assaults as the entire ecosystem migrates to the cloud from on-premises conventional approaches. Security personnel is in short supply in many organizations.
Cloud systems can automate the entire process, freeing security analysts from monitoring duties and allowing them to focus on more essential concerns. This has increased the adoption of security orchestration automation and response significantly.
Security vendors managed security service providers, and other vendors who offer security orchestration automation and response platforms or solutions deliver additional services, such as support and consultancy, through cloud platforms.
| Regions | CAGR (2022 to 2032) |
|---|---|
| United States | 10.7% |
| United Kingdom | 9.8% |
| China | 10.2% |
| Japan | 9.2% |
| South Korea | 8.6% |
The security orchestration automation and response market is dominated by North America. The region is seeing significant Research and Development expenditures in security orchestration and automation technology. The presence of a number of SOAR providers and cutting-edge development centers in the region also contributes to the rising demand for security orchestration automation and response.
The USA dominates the regional security orchestration automation and response market share due to its high digitalization, which allows it to support massive volumes of essential data that require SOAR systems.
Security orchestration automation and response market size are increasing in the Asia Pacific area. Key growth factors for the rise in the adoption of security orchestration automation and response include the increased adoption of SOAR for security response incidents, security orchestration, and automated threat intelligence. Furthermore, the region's security orchestration automation and response market share are increasing as 5G technology, and AI/ML acceleration is used.
Various strategic methods, including collaboration, expansion, mergers and acquisitions, and sophisticated technology integration, would be seen in the security orchestration automation and response market. Major businesses in the market make strategic investments in research and development as well as their expansion ambitions. The key players are leveraging the opportunities in the security orchestration automation and response market to create more impact and improve demand.
Some of the recent developments in the Security Orchestration Automation and Response (SOAR) market are:
XM Cyber, a pioneer in Attack-Centric Exposure Prioritization, announced a new integration with Palo Alto Network's Cortex XSOAR security orchestration automation and response (SOAR) technology on May 04, 2021. The new integration enables risk-free attack simulation in the Cortex XSOAR Marketplace with a single click.
In another case, Securonix, Inc., a leader in Next-Gen SIEM, announced on May 3, 2021, that its next-gen SIEM platform had won the Best SIEM Solution award. For cloud-first SIEM serving hybrid and multi-cloud businesses, the company was named a Trust Award Winner.
The security orchestration automation and response (SOAR) market is projected to have a CAGR of 10.9% through 2032.
North America is the leading region, with an anticipated CAGR of 10.7% through 2032.
Threat Intelligence segment in the security orchestration automation and response market is projected to lead the market with a CAGR of 10.1% through 2032.
The security orchestration automation and response (SOAR) market is predicted to grow US$ 3.8 Billion by 2032.
Services segment leads the market with the projected CAGR of 10.4% through 2032.
1. Executive Summary | Security Orchestration Automation and Response (SOAR) Market
1.1. Global Market Outlook
1.2. Summary of Statistics
1.3. Key Market Characteristics & Attributes
1.4. Analysis and Recommendations
2. Market Overview
2.1. Market Coverage / Taxonomy
2.2. Market Definition / Scope / Limitations
3. Market Risks and Trends Assessment
3.1. Risk Assessment
3.1.1. COVID-19 Crisis and Impact on Demand
3.1.2. COVID-19 Impact Benchmark with Previous Crisis
3.1.3. Impact on Market Value (US$ Million)
3.1.4. Assessment by Key Countries
3.1.5. Assessment by Key Market Segments
3.1.6. Action Points and Recommendation for Suppliers
3.2. Key Trends Impacting the Market
3.3. Formulation and Product Development Trends
4. Market Background
4.1. Market, by Key Countries
4.2. Market Opportunity Assessment (US$ Million)
4.2.1. Total Available Market
4.2.2. Serviceable Addressable Market
4.2.3. Serviceable Obtainable Market
4.3. Market Scenario Forecast
4.3.1. Demand in Optimistic Scenario
4.3.2. Demand in Likely Scenario
4.3.3. Demand in Conservative Scenario
4.4. Investment Feasibility Analysis
4.4.1. Investment in Established Markets
4.4.1.1. In Short Term
4.4.1.2. In Long Term
4.4.2. Investment in Emerging Markets
4.4.2.1. In Short Term
4.4.2.2. In Long Term
4.5. Forecast Factors - Relevance & Impact
4.5.1. Top Companies Historical Growth
4.5.2. Growth in Automation, By Country
4.5.3. Adoption Rate, By Country
4.6. Market Dynamics
4.6.1. Market Driving Factors and Impact Assessment
4.6.2. Prominent Market Challenges and Impact Assessment
4.6.3. Market Opportunities
4.6.4. Prominent Trends in the Global Market & Their Impact Assessment
5. Key Success Factors
5.1. Manufacturers’ Focus on Low Penetration High Growth Markets
5.2. Banking on with Segments High Incremental Opportunity
5.3. Peer Benchmarking
6. Global Market Demand Analysis 2015 to 2021 and Forecast, 2022 to 2032
6.1. Historical Market Analysis, 2015 to 2021
6.2. Current and Future Market Projections, 2022 to 2032
6.3. Y-o-Y Growth Trend Analysis
7. Global Market Value Analysis 2015 to 2021 and Forecast, 2022 to 2032
7.1. Historical Market Value (US$ Million) Analysis, 2015 to 2021
7.2. Current and Future Market Value (US$ Million) Projections, 2022 to 2032
7.2.1. Y-o-Y Growth Trend Analysis
7.2.2. Absolute $ Opportunity Analysis
8. Global Market Analysis 2015 to 2021 and Forecast 2022 to 2032, By Component
8.1. Introduction / Key Findings
8.2. Historical Market Value (US$ Million) and Analysis By Component, 2015 to 2021
8.3. Current and Future Market Value (US$ Million) and Analysis and Forecast By Component, 2022 to 2032
8.3.1. Solutions
8.3.2. Services
8.3.2.1. Professional Services
8.3.2.2. Managed Services
8.4. Market Attractiveness Analysis By Component
9. Global Market Analysis 2015 to 2021 and Forecast 2022 to 2032, By Organization Size
9.1. Introduction / Key Findings
9.2. Historical Market Value (US$ Million) and Analysis By Organization Size, 2015 to 2021
9.3. Current and Future Market Value (US$ Million) and Analysis and Forecast By Organization Size, 2022 to 2032
9.3.1. Small & Medium Enterprises (SMEs)
9.3.2. Large Enterprises
9.4. Market Attractiveness Analysis By Organization Size
10. Global Market Analysis 2015 to 2021 and Forecast 2022 to 2032, By Deployment Mode
10.1. Introduction / Key Findings
10.2. Historical Market Value (US$ Million) and AnalysisBy Deployment Mode, 2015 to 2021
10.3. Current and Future Market Value (US$ Million) and Analysis and ForecastBy Deployment Mode, 2022 to 2032
10.3.1. Cloud
10.3.2. On-Premises
10.4. Market Attractiveness AnalysisBy Deployment Mode
11. Global Market Analysis 2015 to 2021 and Forecast 2022 to 2032, By Application
11.1. Introduction / Key Findings
11.2. Historical Market Value (US$ Million) and Analysis By Application, 2015 to 2021
11.3. Current and Future Market Value (US$ Million) and Analysis and Forecast By Application, 2022 to 2032
11.3.1. Threat Intelligence
11.3.2. Network Forensics
11.3.3. Incident Management
11.3.4. Compliance Management
11.3.5. Workflow Management
11.3.6. Others
11.4. Market Attractiveness Analysis By Application
12. Global Market Analysis 2015 to 2021 and Forecast 2022 to 2032, By Vertical
12.1. Introduction / Key Findings
12.2. Historical Market Value (US$ Million) and Analysis By Vertical, 2015 to 2021
12.3. Current and Future Market Value (US$ Million) and Analysis and Forecast By Vertical, 2022 to 2032
12.3.1. BFSI
12.3.2. Government
12.3.3. Energy & Utilities
12.3.4. Healthcare
12.3.5. Retail
12.3.6. IT & Telecom
12.3.7. Others
12.4. Market Attractiveness Analysis By Vertical
13. Global Market Analysis 2015 to 2021 and Forecast 2022 to 2032, By Region
13.1. Introduction
13.2. Historical Market Value (US$ Million) and Analysis By Region, 2015 to 2021
13.3. Current Market Size (US$ Million) & Analysis and Forecast By Region, 2022 to 2032
13.3.1. North America
13.3.2. Latin America
13.3.3. Europe
13.3.4. Asia Pacific
13.3.5. Middle East and Africa (MEA)
13.4. Market Attractiveness Analysis By Region
14. North America Market Analysis 2015 to 2021 and Forecast 2022 to 2032
14.1. Introduction
14.2. Pricing Analysis
14.3. Historical Market Value (US$ Million) and Trend Analysis By Market Taxonomy, 2015 to 2021
14.4. Market Value (US$ Million) & Forecast By Market Taxonomy, 2022 to 2032
14.4.1. By Country
14.4.1.1. United States of America
14.4.1.2. Canada
14.4.1.3. Rest of North America
14.4.2. By Deployment Mode
14.4.3. By Component
14.4.4. By Organization Size
14.4.5. By Application
14.4.6. By Vertical
14.5. Market Attractiveness Analysis
14.5.1. By Country
14.5.2. By Deployment Mode
14.5.3. By Component
14.5.4. By Organization Size
14.5.5. By Application
14.5.6. By Vertical
15. Latin America Market Analysis 2015 to 2021 and Forecast 2022 to 2032
15.1. Introduction
15.2. Pricing Analysis
15.3. Historical Market Value (US$ Million) and Trend Analysis By Market Taxonomy, 2015 to 2021
15.4. Market Value (US$ Million) & Forecast By Market Taxonomy, 2022 to 2032
15.4.1. By Country
15.4.1.1. Brazil
15.4.1.2. Mexico
15.4.1.3. Rest of Latin America
15.4.2. By Deployment Mode
15.4.3. By Component
15.4.4. By Organization Size
15.4.5. By Application
15.4.6. By Vertical
15.5. Market Attractiveness Analysis
15.5.1. By Country
15.5.2. By Deployment Mode
15.5.3. By Component
15.5.4. By Organization Size
15.5.5. By Application
15.5.6. By Vertical
16. Europe Market Analysis 2015 to 2021 and Forecast 2022 to 2032
16.1. Introduction
16.2. Pricing Analysis
16.3. Historical Market Value (US$ Million) and Trend Analysis By Market Taxonomy, 2015 to 2021
16.4. Market Value (US$ Million) & Forecast By Market Taxonomy, 2022 to 2032
16.4.1. By Country
16.4.1.1. Germany
16.4.1.2. France
16.4.1.3. United Kingdom
16.4.1.4. Italy
16.4.1.5. Russia
16.4.1.6. Rest of Europe
16.4.2. By Deployment Mode
16.4.3. By Component
16.4.4. By Organization Size
16.4.5. By Application
16.4.6. By Vertical
16.5. Market Attractiveness Analysis
16.5.1. By Country
16.5.2. By Deployment Mode
16.5.3. By Component
16.5.4. By Organization Size
16.5.5. By Application
16.5.6. By Vertical
17. Asia Pacific Market Analysis 2015 to 2021 and Forecast 2022 to 2032
17.1. Introduction
17.2. Pricing Analysis
17.3. Historical Market Value (US$ Million) and Trend Analysis By Market Taxonomy, 2015 to 2021
17.4. Market Value (US$ Million) & Forecast By Market Taxonomy, 2022 to 2032
17.4.1. By Country
17.4.1.1. China
17.4.1.2. Japan
17.4.1.3. South Korea
17.4.1.4. Rest of Asia Pacific
17.4.2. By Deployment Mode
17.4.3. By Component
17.4.4. By Organization Size
17.4.5. By Application
17.4.6. By Vertical
17.5. Market Attractiveness Analysis
17.5.1. By Country
17.5.2. By Deployment Mode
17.5.3. By Component
17.5.4. By Organization Size
17.5.5. By Application
17.5.6. By Vertical
18. Middle East and Africa Market Analysis 2015 to 2021 and Forecast 2022 to 2032
18.1. Introduction
18.2. Pricing Analysis
18.3. Historical Market Value (US$ Million) and Trend Analysis By Market Taxonomy, 2015 to 2021
18.4. Market Value (US$ Million) & Forecast By Market Taxonomy, 2022 to 2032
18.4.1. By Country
18.4.1.1. GCC Countries
18.4.1.2. South Africa
18.4.1.3. Turkey
18.4.1.4. Rest of Middle East and Africa
18.4.2. By Deployment Mode
18.4.3. By Component
18.4.4. By Organization Size
18.4.5. By Application
18.4.6. By Vertical
18.5. Market Attractiveness Analysis
18.5.1. By Country
18.5.2. By Deployment Mode
18.5.3. By Component
18.5.4. By Organization Size
18.5.5. By Application
18.5.6. By Vertical
19. Key Countries Market Analysis 2015 to 2021 and Forecast 2022 to 2032
19.1. Introduction
19.1.1. Market Value Proportion Analysis, By Key Countries
19.1.2. Global Vs. Country Growth Comparison
19.2. US Market Analysis
19.2.1. Value Proportion Analysis by Market Taxonomy
19.2.2. Value & Analysis and Forecast by Market Taxonomy, 2015 to 2032
19.2.2.1. By Deployment Mode
19.2.2.2. By Component
19.2.2.3. By Organization Size
19.2.2.4. By Application
19.2.2.5. By Vertical
19.3. Canada Market Analysis
19.3.1. Value Proportion Analysis by Market Taxonomy
19.3.2. Value & Analysis and Forecast by Market Taxonomy, 2015 to 2032
19.3.2.1. By Deployment Mode
19.3.2.2. By Component
19.3.2.3. By Organization Size
19.3.2.4. By Application
19.3.2.5. By Vertical
19.4. Mexico Market Analysis
19.4.1. Value Proportion Analysis by Market Taxonomy
19.4.2. Value & Analysis and Forecast by Market Taxonomy, 2015 to 2032
19.4.2.1. By Deployment Mode
19.4.2.2. By Component
19.4.2.3. By Organization Size
19.4.2.4. By Application
19.4.2.5. By Vertical
19.5. Brazil Market Analysis
19.5.1. Value Proportion Analysis by Market Taxonomy
19.5.2. Value & Analysis and Forecast by Market Taxonomy, 2015 to 2032
19.5.2.1. By Deployment Mode
19.5.2.2. By Component
19.5.2.3. By Organization Size
19.5.2.4. By Application
19.5.2.5. By Vertical
19.6. Germany Market Analysis
19.6.1. Value Proportion Analysis by Market Taxonomy
19.6.2. Value & Analysis and Forecast by Market Taxonomy, 2015 to 2032
19.6.2.1. By Deployment Mode
19.6.2.2. By Component
19.6.2.3. By Organization Size
19.6.2.4. By Application
19.6.2.5. By Vertical
19.7. France Market Analysis
19.7.1. Value Proportion Analysis by Market Taxonomy
19.7.2. Value & Analysis and Forecast by Market Taxonomy, 2015 to 2032
19.7.2.1. By Deployment Mode
19.7.2.2. By Component
19.7.2.3. By Organization Size
19.7.2.4. By Application
19.7.2.5. By Vertical
19.8. Italy Market Analysis
19.8.1. Value Proportion Analysis by Market Taxonomy
19.8.2. Value & Analysis and Forecast by Market Taxonomy, 2015 to 2032
19.8.2.1. By Deployment Mode
19.8.2.2. By Component
19.8.2.3. By Organization Size
19.8.2.4. By Application
19.8.2.5. By Vertical
19.9. Russia Market Analysis
19.9.1. Value Proportion Analysis by Market Taxonomy
19.9.2. Value & Analysis and Forecast by Market Taxonomy, 2015 to 2032
19.9.2.1. By Deployment Mode
19.9.2.2. By Component
19.9.2.3. By Organization Size
19.9.2.4. By Application
19.9.2.5. By Vertical
19.10. UK Market Analysis
19.10.1. Value Proportion Analysis by Market Taxonomy
19.10.2. Value & Analysis and Forecast by Market Taxonomy, 2015 to 2032
19.10.2.1. By Deployment Mode
19.10.2.2. By Component
19.10.2.3. By Organization Size
19.10.2.4. By Application
19.10.2.5. By Vertical
19.11. China Market Analysis
19.11.1. Value Proportion Analysis by Market Taxonomy
19.11.2. Value & Analysis and Forecast by Market Taxonomy, 2015 to 2032
19.11.2.1. By Deployment Mode
19.11.2.2. By Component
19.11.2.3. By Organization Size
19.11.2.4. By Application
19.11.2.5. By Vertical
19.12. Japan Market Analysis
19.12.1. Value Proportion Analysis by Market Taxonomy
19.12.2. Value & Analysis and Forecast by Market Taxonomy, 2015 to 2032
19.12.2.1. By Deployment Mode
19.12.2.2. By Component
19.12.2.3. By Organization Size
19.12.2.4. By Application
19.12.2.5. By Vertical
19.13. South Korea Market Analysis
19.13.1. Value Proportion Analysis by Market Taxonomy
19.13.2. Value & Analysis and Forecast by Market Taxonomy, 2015 to 2032
19.13.2.1. By Deployment Mode
19.13.2.2. By Component
19.13.2.3. By Organization Size
19.13.2.4. By Application
19.13.2.5. By Vertical
19.14. GCC Countries Market Analysis
19.14.1. Value Proportion Analysis by Market Taxonomy
19.14.2. Value & Analysis and Forecast by Market Taxonomy, 2015 to 2032
19.14.2.1. By Deployment Mode
19.14.2.2. By Component
19.14.2.3. By Organization Size
19.14.2.4. By Application
19.14.2.5. By Vertical
19.15. South Africa Market Analysis
19.15.1. Value Proportion Analysis by Market Taxonomy
19.15.2. Value & Analysis and Forecast by Market Taxonomy, 2015 to 2032
19.15.2.1. By Deployment Mode
19.15.2.2. By Component
19.15.2.3. By Organization Size
19.15.2.4. By Application
19.15.2.5. By Vertical
19.16. Turkey Market Analysis
19.16.1. Value Proportion Analysis by Market Taxonomy
19.16.2. Value & Analysis and Forecast by Market Taxonomy, 2015 to 2032
19.16.2.1. By Deployment Mode
19.16.2.2. By Component
19.16.2.3. By Organization Size
19.16.2.4. By Application
19.16.2.5. By Vertical
19.16.3. Competition Landscape and Player Concentration in the Country
20. Market Structure Analysis
20.1. Market Analysis by Tier of Companies
20.2. Market Concentration
20.3. Market Share Analysis of Top Players
20.4. Market Presence Analysis
20.4.1. By Regional Footprint of Players
20.4.2. Product Footprint by Players
21. Competition Analysis
21.1. Competition Dashboard
21.2. Competition Benchmarking
21.3. Competition Deep Dive
21.3.1. IBM
21.3.1.1. Overview
21.3.1.2. Product Portfolio
21.3.1.3. Sales Footprint
21.3.1.4. Strategy Overview
21.3.2. FireEye
21.3.3. Cisco Systems, Inc
21.3.4. Rapid7
21.3.5. Splunk Inc.
21.3.6. Swimlane, LLC
21.3.7. Tufin
21.3.8. ThreatConnect
21.3.9. DFLabs
21.3.10. Exabeam
22. Assumptions and Acronyms Used
23. Research Methodology
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Security Orchestration Automation and Response (SOAR) Market
