Adroit Market Research - Industry Insights
Security Orchestration Automation and Response (SOAR) Market by Application (Incident Management, Workflow Management, Threat Intelligence, Compliance Management, Network Forensics, and Others), Organization Size (Large Organizations and Small & Medium Organizations), Industry Verticals (BFSI, IT & Telecom, Healthcare, Retail, Government & Defense, and Others), and by Region, Global Forecast 2018 to 2025
Jul 2020
Total Pages: 124
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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.
-Market-2018-2025-(USD-Million).png "Global Security Orchestration Automation and Response (SOAR) Market 2018-2025 (USD Million)")
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)
- Incident Management
- Workflow Management
- Threat Intelligence
- Compliance Management
- Network Forensics
- Others
Organization Size Overview, 2018-2025 (USD Million)
- Large Organizations
- Small & Medium Organizations
Industry Verticals Overview, 2018-2025 (USD Million)
- BFSI
- IT & Telecom
- Healthcare
- Retail
- Government & Defense
- Others
Regional Overview, 2018-2025 (USD Million)
North America
- U.S.
- Canada
Europe
- UK
- Germany
- France
- Rest of Europe
Asia Pacific
- China
- Japan
- India
- Rest of Asia-Pacific
Middle East and Africa
- UAE
- South Africa
- Rest of Middle East and Africa
South America
- Brazil
- Rest of South America
Reasons for the study
- The purpose of the study is to give an exhaustive outlook of the global security orchestration automation and response (SOAR) market. Benchmark yourself against the rest of the market.
- Ensure you remain competitive as innovations by existing key players to boost the market.
What does the report include?
- The study on the global security orchestration automation and response (SOAR) market includes qualitative factors such as drivers, restraints, and opportunities
- The study covers the competitive landscape of existing/prospective players in the security orchestration automation and response (SOAR) industry and their strategic initiatives for the product development
- The study covers a qualitative and quantitative analysis of the market segmented based on application, organization size, and industry verticals. Moreover, the study provides similar information for the key geographies.
- Actual market sizes and forecasts have been provided for all the above-mentioned segments.
Who should buy this report?
- This study is suitable for industry participants and stakeholders in the global security orchestration automation and response (SOAR) market. The report will benefit: Every stakeholder involved in the security orchestration automation and response (SOAR) market.
- Managers within the security orchestration automation and response (SOAR) industry looking to publish recent and forecasted statistics about the global security orchestration automation and response (SOAR) market.
- Government organizations, regulatory authorities, policymakers, and organizations looking for investments in trends of global security orchestration automation and response (SOAR) market.
- Analysts, researchers, educators, strategy managers, and academic institutions looking for insights into the market to determine future strategies.
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.
-Market-2018-2025-(USD-Million).png "North America Security Orchestration Automation and Response (SOAR) Market 2018-2025 (USD Million)")
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)
- Incident Management
- Workflow Management
- Threat Intelligence
- Compliance Management
- Network Forensics
- Others
Organization Size Overview, 2018-2025 (USD Million)
- Large Organizations
- Small & Medium Organizations
Industry Verticals Overview, 2018-2025 (USD Million)
- BFSI
- IT & Telecom
- Healthcare
- Retail
- Government & Defense
- Others
Regional Overview, 2018-2025 (USD Million)
North America
- U.S.
- Canada
Europe
- UK
- Germany
- France
- Rest of Europe
Asia Pacific
- China
- Japan
- India
- Rest of Asia-Pacific
Middle East and Africa
- UAE
- South Africa
- Rest of Middle East and Africa
South America
- Brazil
- Rest of South America
Reasons for the study
- The purpose of the study is to give an exhaustive outlook of the global security orchestration automation and response (SOAR) market. Benchmark yourself against the rest of the market.
- Ensure you remain competitive as innovations by existing key players to boost the market.
What does the report include?
- The study on the global security orchestration automation and response (SOAR) market includes qualitative factors such as drivers, restraints, and opportunities
- The study covers the competitive landscape of existing/prospective players in the security orchestration automation and response (SOAR) industry and their strategic initiatives for the product development
- The study covers a qualitative and quantitative analysis of the market segmented based on application, organization size, and industry verticals. Moreover, the study provides similar information for the key geographies.
- Actual market sizes and forecasts have been provided for all the above-mentioned segments.
Who should buy this report?
- This study is suitable for industry participants and stakeholders in the global security orchestration automation and response (SOAR) market. The report will benefit: Every stakeholder involved in the security orchestration automation and response (SOAR) market.
- Managers within the security orchestration automation and response (SOAR) industry looking to publish recent and forecasted statistics about the global security orchestration automation and response (SOAR) market.
- Government organizations, regulatory authorities, policymakers, and organizations looking for investments in trends of global security orchestration automation and response (SOAR) market.
- Analysts, researchers, educators, strategy managers, and academic institutions looking for insights into the market to determine future strategies.
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