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The security orchestration, automation, and response (SOAR) is a combination of numerous software programs that enable organizations to deal with small threats by automating the processes. From the recent past, the adoption of security orchestration, automation, and response (SOAR) solutions has increased due to the growing need to optimize security operations center (SOC), integrate incident management, decrease response times, and regulate overall processes. The security orchestration, automation, and response (SOAR) market have developed from three distinctive technologies that are security incident response platforms (SIRPs), service-oriented architecture (SOA), and threat intelligence platforms (TIPs).
The global SOAR (Security Orchestration Automation and Response) market is anticipated to reach over USD 1,817 million by 2025. This can be attributed to the increasing need to get a consolidated view on threats. Also, the lack of security operations handlers is the key factor boosting the global security orchestration automation and response (SOAR) market growth.
However, the lack of awareness about security orchestration automation and response (SOAR) technology is expected to impede the market growth. Furthermore, the growing number of wrong security alerts is anticipated to be opportunistic for the market in the forthcoming years.
Key Segments of the Global Security Orchestration Automation and Response (SOAR) Market
Application Overview, 2018-2025 (USD Million)
Organization Size Overview, 2018-2025 (USD Million)
Industry Verticals Overview, 2018-2025 (USD Million)
Regional Overview, 2018-2025 (USD Million)
North America
Europe
Asia Pacific
Middle East and Africa
South America
Reasons for the study
What does the report include?
Who should buy this report?
The adoption of machine learning and artificial intelligence is growing across various organizations and industries. Additionally, the adoption of these advanced technologies continues to rise as they can enhance human decisions across a wide set of applications. By integrating ML and AI technologies with security orchestration, automation, and response (SOAR) solution can eliminate low-level threats without any human intervention. In turn, it can further assist in business transformation. Moreover, security and risk managers should primarily concentrate on three crucial areas which are, anticipating manipulation of AI by attackers, adopting AI to boost security defense, and protecting AI-powered systems. Therefore, all such factors are driving the demand for security orchestration, automation, and response (SOAR) solutions.
Application Segment
Based on the application segment, the market is divided into incident management, workflow management, threat intelligence, compliance management, network forensics, and others. In 2019, the threat intelligence segment gathered the highest market revenue and it is anticipated to govern the security orchestration automation and response (SOAR) market throughout the forecast period. The growth of this segment is primarily accredited to the increasing need to accumulate and analyze threats arising from numerous sources.
Organization Size Segment
Based on the organization size, the market is segmented into large organizations and small & medium organizations. The large organization's segment leads the market growth in 2019 and it is expected to do so throughout the forecast period. The growth of this segment is mainly accredited to the increasing demand among large organizations for centralized security solutions. However, the small & medium organizations segment is anticipated to experience the highest market growth in the forthcoming years.
Industry Verticals Segment
In terms of industry verticals, the market is bifurcated into healthcare, retail, BFSI, government & defense, IT & telecom, and others. In 2019, the healthcare segment accumulated the major market share and it is projected to dominate the market over the forecast period. The market growth in this industry is mainly accredited to the increasing need to manage and secure network and medical devices from various threats.
The North American region dominated the overall market in 2019 and it is expected to maintain its position throughout the forecast years 2018-2025. The dominance of this region mainly attributed to the increasing investments in significant research and development activities in SOAR technology. Besides, the existence of the majority of market players is also driving the market growth in this region. However, the Asia-Pacific region is projected to experience the highest growth over the forecast period.
The major players of the global security orchestration automation and response (SOAR) market are Cisco Systems, Splunk, Palo Alto Networks, LogRhythm, FireEye, IBM, Rapid7, CyberSponse, ThreatConnect, and Swimlane. Moreover, the other potential players in the security orchestration automation and response (SOAR) market are Resolve Systems, Exabeam, Tufin, DFLabs, and Siemplify. The security orchestration automation and response (SOAR) market comprises well established local as well as global players. Also, the previously recognized market players are coming up with new and advanced strategic services to stay competitive in the global market.
The security orchestration, automation, and response (SOAR) is a combination of numerous software programs that enable organizations to deal with small threats by automating the processes. From the recent past, the adoption of security orchestration, automation, and response (SOAR) solutions has increased due to the growing need to optimize security operations center (SOC), integrate incident management, decrease response times, and regulate overall processes. The security orchestration, automation, and response (SOAR) market have developed from three distinctive technologies that are security incident response platforms (SIRPs), service-oriented architecture (SOA), and threat intelligence platforms (TIPs).
The global SOAR (Security Orchestration Automation and Response) market is anticipated to reach over USD 1,817 million by 2025. This can be attributed to the increasing need to get a consolidated view on threats. Also, the lack of security operations handlers is the key factor boosting the global security orchestration automation and response (SOAR) market growth.
However, the lack of awareness about security orchestration automation and response (SOAR) technology is expected to impede the market growth. Furthermore, the growing number of wrong security alerts is anticipated to be opportunistic for the market in the forthcoming years.
Key Segments of the Global Security Orchestration Automation and Response (SOAR) Market
Application Overview, 2018-2025 (USD Million)
Organization Size Overview, 2018-2025 (USD Million)
Industry Verticals Overview, 2018-2025 (USD Million)
Regional Overview, 2018-2025 (USD Million)
North America
Europe
Asia Pacific
Middle East and Africa
South America
Reasons for the study
What does the report include?
Who should buy this report?
Chapter 1 Introduction
1.1 Introduction to the Study
1.2 Market Definition and Scope
1.3 Units, Currency, Conversions and Years Considered
1.4 Key Stakeholders
1.5 Key Questions Answered
Chapter 2 Research Methodology
2.1 Introduction
2.2 Data Capture Sources
2.2.1 Primary Sources
2.2.2 Secondary Sources
2.3 Market Size Estimation
2.4 Market Forecast
2.5 Data Triangulation
2.6 Assumptions and Limitations
Chapter 3 Executive Summary
Chapter 4 Market Outlook
4.1 Introduction
4.2 Value Chain Analysis
4.3 Market Dynamics
4.3.1 Drivers
4.3.1.1 Increasing need to get a consolidated view on threats
4.3.1.2 Lack of security operations handlers
4.3.2 Restraints
4.3.2.1 Lack of awareness about SOAR technology
4.3.2.2 Opportunities
4.3.3.1 Growing number of wrong security alerts
4.4 Porter’s Five Forces Analysis
4.5 PEST Analysis
Chapter 5 Security Orchestration Automation and Response (SOAR) Market by Application
5.1 Introduction
5.1.1 Incident Management
5.1.2 Workflow Management
5.1.3 Threat Intelligence
5.1.4 Compliance Management
5.1.5 Network Forensics
5.1.6 Others
Chapter 6 Security Orchestration Automation and Response (SOAR) Market by Organization Size
6.1 Introduction
6.1.1 Large Organizations
6.1.2 Small & Medium Organizations
Chapter 7 Security Orchestration Automation and Response (SOAR) Market by Industry Verticals
7.1 Introduction
7.1.1 BFSI
7.1.2 IT & Telecom
7.1.3 Healthcare
7.1.4 Retail
7.1.5 Government & Defense
7.1.6 Others
Chapter 8 Security Orchestration Automation and Response (SOAR) Market By Region
8.1 Introduction
8.2 North America
8.2.1 U.S.
8.2.2 Canada
8.3 Europe
8.3.1 Germany
8.3.2 France
8.3.3 UK
8.3.4 Rest of Europe
8.4 Asia Pacific
8.4.1 China
8.4.2 Japan
8.4.3 India
8.4.4 Rest of Asia Pacific
8.5 Middle East & Africa
8.5.1 UAE
8.5.2 South Africa
8.5.3 Rest of Middle East & Africa
8.6 South America
8.6.1 Brazil
8.6.2 Rest of South America
Chapter 9 Competitive Landscape
9.1 Overview
9.2 Strategic Initiatives
9.2.1 Mergers & Acquisitions
9.2.2 New Product Launch
9.2.3 Investments
9.2.4 Expansion
9.2.5 Others
Chapter 10 Company Profiles
10.1 Cisco Systems
10.1.1 Overview
10.1.2 Products and Workflow Management Portfolio
10.1.3 Recent Initiatives
10.1.4 Company Financials
10.1.5 SWOT
10.2 Splunk
10.2.1 Overview
10.2.2 Products and Workflow Management Portfolio
10.2.3 Recent Initiatives
10.2.4 Company Financials
10.2.5 SWOT
10.3 Palo Alto Networks
10.3.1 Overview
10.3.2 Products and Workflow Management Portfolio
10.3.3 Recent Initiatives
10.3.4 Company Financials
10.3.5 SWOT
10.4 LogRhythm
10.4.1 Overview
10.4.2 Products and Workflow Management Portfolio
10.4.3 Recent Initiatives
10.4.4 Company Financials
10.4.5 SWOT
10.5 FireEye
10.5.1 Overview
10.5.2 Products and Workflow Management Portfolio
10.5.3 Recent Initiatives
10.5.4 Company Financials
10.5.5 SWOT
10.6 IBM
10.6.1 Overview
10.6.2 Products and Workflow Management Portfolio
10.6.3 Recent Initiatives
10.6.4 Company Financials
10.6.5 SWOT
10.7 Rapid7
10.7.1 Overview
10.7.2 Products and Workflow Management Portfolio
10.7.3 Recent Initiatives
10.7.4 Company Financials
10.7.5 SWOT
10.8 CyberSponse
10.8.1 Overview
10.8.2 Products and Workflow Management Portfolio
10.8.3 Recent Initiatives
10.8.4 Company Financials
10.8.5 SWOT
10.9 ThreatConnect
10.9.1 Overview
10.9.2 Products and Workflow Management Portfolio
10.9.3 Recent Initiatives
10.9.4 Company Financials
10.9.5 SWOT
10.10 Swimlane
10.10.1 Overview
10.10.2 Products and Workflow Management Portfolio
10.10.3 Recent Initiatives
10.10.4 Company Financials
10.10.5 SWOT
10.11 Other Companies