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 USD 1.3 Billion in 2022 to USD 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 to 2021), resulting in a market size of USD 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) | USD 1.3 Billion |
SOAR Market Size (2032) | USD 3.8 Billion |
Don't pay for what you don't need
Customize your report by selecting specific countries or regions and save 30%!
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.
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.
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.
Get the data you need at a Fraction of the cost
Personalize your report by choosing insights you need
and save 40%!
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 USD 3.8 Billion by 2032.
Services segment leads the market with the projected CAGR of 10.4% through 2032.
Explore Technology Insights
View Reports