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 market for security orchestration, automation, and response is expected to grow at a compound annual growth rate (CAGR) of 15.7% from 2023 to 2032, when it is expected to reach USD 5.2 billion.
-market-2022-2032-(usd-billion).jpg
"The Global Security Orchestration Automation and Response (SOAR) Market 2022-2032 (USD Billion)")
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.
Security Orchestration Automation and Response (SOAR) Market Scope
| Metrics | Details |
| Base Year | 2023 |
| Historic Data | 2018-2022 |
| Forecast Period | 2024-2032 |
| Study Period | 2018-2032 |
| Forecast Unit | Value (USD) |
| Revenue forecast in 2032 | USD 5.2 billion |
| Growth Rate | CAGR of 15.7 % during 2022-2032 |
| Segment Covered | North America |
| Regions Covered | North America, Europe, Asia Pacific, South America, Middle East and Africa |
| Key Players Profiled | Analysts, researchers, educators, strategy managers, and academic institutions looking for insights into the market to determine future strategies. |
Key Segments of the Global Security Orchestration Automation and Response (SOAR) Market
Application Overview, (USD Million)
- Incident Management
- Workflow Management
- Threat Intelligence
- Compliance Management
- Network Forensics
- Others
Organization Size Overview, (USD Million)
- Large Organizations
- Small & Medium Organizations
Industry Verticals Overview, (USD Million)
- BFSI
- IT & Telecom
- Healthcare
- Retail
- Government & Defense
- Others
Regional Overview, (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.
Frequently Asked Questions (FAQ) :
The security orchestration automation and response market is growing at a CAGR of 15.7% over the forecast period.
The Global security orchestration automation and response market is Segmented on the basis of Organization Size, Application, Industry Verticals, Regional.
To get latest version of security orchestration automation and response market report can be obtained on demand from the website.
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.