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 agrowth rate (CAGR) of 16.1% during 2023-2028.
Security orchestration is a process of integrating a disparate ecosystem of security operation center (SOC) technologies and processes to automate tasks for effective security operations. It comprises several cybersecurity tools to prevent, detect, and remediate threats. It enables security teams to quickly apply context by drawing relevant data from numerous sources and enriching alerts received. It also helps incident response teams to facilitate alert triage, analytics, security incident investigation, and threat intelligence for more strategic decision-making. As a result, security orchestration finds extensive applications in energy and utilities, government, healthcare, retail, information and technology (IT), telecommunication, and banking, financial services, and insurance (BFSI) sectors.
Note: Information in the above chart consists of dummy data and is only shown here for representation purpose. Kindly contact us for the actual market size and trends.
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Security Orchestration Market Trends:
Due to the growing traction of bring your own device (BYOD) in medium and small businesses, there is a rise in security breaches across organizations of different industry verticals. This, along with the frequent changes in network infrastructures, represents one of the key factors driving the market. Moreover, the availability of cost-efficient cloud-based security orchestration across the globe is propelling the growth of the market. In addition, there is an increase in the utilization of security orchestration in the telecommunication sector to offer advanced security for critical business applications. This, coupled with the highly crucial technological environment due to increasing data-on-demand generation across data centers, is catalyzing the demand for security orchestration. Besides this, governments of several countries are extensively investing in network infrastructures and research and development (R&D) activities around the world, which is positively influencing the market. Additionally, the growing demand for cutting-edge security technology worldwide is offering lucrative growth opportunities to key market players. Furthermore, the rising employment of security orchestration to boost the security operations threshold of different enterprises is bolstering the market growth.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global security orchestration market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on type, deployment mode, organization size, application and end use industry.
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:
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Compliance Management
Threat Intelligence
Ticketing Solutions
Network Forensics
Others
Breakup by End Use Industry:
BFSI
IT and Telecommunication
Government and Defense
E-Commerce
Others
Breakup by Region:
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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
Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players being 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.
Report Coverage:
Report Features
Details
Base Year of the Analysis
2022
Historical Period
2017-2022
Forecast Period
2023-2028
Units
US$ Billion
Segment Coverage
Type, Deployment Mode, Organization Size, Application, End Use Industry, Region
Region Covered
Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Countries Covered
United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
Companies Covered
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.
Customization Scope
10% Free Customization
Report Price and Purchase Option
Single User License: US$ 2499
Five User License: US$ 3499
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Post-Sale Analyst Support
10-12 Weeks
Delivery Format
PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)
Key Questions Answered in This Report
The global security orchestration market was valued at US$ 2.8 Billion in 2022.
We expect the global security orchestration market to exhibit a CAGR of 16.1% during 2023-2028
The rising popularity of security orchestration across numerous industries, such as healthcare, retail, IT, etc., to prevent, detect, and remediate threats using cybersecurity tools is primarily driving the global security orchestration market.
The sudden outbreak of the COVID-19 pandemic has led to the escalating demand for security
orchestration process in remote working model owing to the growing security breaches and
increasing deployment of Bring Your Own Device (BYOD) across numerous organizations.
Based on the type, the global security orchestration market can be segregated into software and
services, where software represents the largest market share.
Based on the deployment mode, the global security orchestration market has been divided into
cloud-based and on-premises. Currently, cloud-based mode exhibits a clear dominance in the
market.
Based on the organization size, the global security orchestration market can be categorized into
small and medium- sized enterprises and large enterprises, where large enterprises hold the
majority of the global market share.
Based on the application, the global security orchestration market has been segmented into
compliance management, threat intelligence, ticketing solutions, network forensics, and others.
Among these, threat intelligence represents the largest market share.
Based on the end use industry, the global security orchestration market can be bifurcated into BFSI, IT and telecommunication, government and defense, e-commerce, and others. Currently, the IT and telecommunication industry accounts for the majority of the total market share.
On a regional level, the market has been classified into North America, Europe, Asia-Pacific, Middle East and Africa, and Latin America, where North America currently dominates the global market.
Some of the major players in the global security orchestration market include 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.
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