LAMEA Security Orchestration Automation and Response (SOAR) Market By Component (Software and Services) By Application (Threat Intelligence, Incident Management, Network Forensics, Workflow Management, Compliance Management and Others) By Deployment Type (On-Premise and Cloud) By Organization Size (Large Enterprises and Small & Medium Enterprises) By End User (BFSI, Retail & Consumer Goods, Government, Energy & Utilities, Healthcare, Telecom & IT and Others)

Analysis of Market Size & Trends

The Latin America, Middle East and Africa Security Orchestration Automation and Response (SOAR) Market would witness market growth of 20.6% CAGR during the forecast period (2019-2025). Solutions for security orchestration protect healthcare apps and information from vulnerabilities. The fast adoption of SOAR alternatives in the medical industry has also been driven by increased public regulations, such as HIPAA compliance. The regulatory standards assist in the protection of sensitive information, identification protection by offering digital signatures, network portals secure and database encryption.

Multiple internal security teams carry out distinctive duties in many major companies. In some cases, access to the data collected by other internal teams may not be appropriate for some internal teams. As a force multiplier, MSSPs are also starting to turn to SOAR systems and require very strict client information segregation. In either situation, deploying one SOAR solution for every team or customer is not cost-effective. A SOAR solution must support several cases on a single host, provide precise data separation and access controls for the information of each tenant. SOAR was not designed as a platform for the management of vulnerabilities and would never replace existing robust vulnerability management systems.

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Based on Component, the market is segmented into Software and Services. Based on Application, the market is segmented into Threat Intelligence, Incident Management, Network Forensics, Workflow Management, Compliance Management and Others. Based on Deployment Type, the market is segmented into On-Premise and Cloud. Based on Organization Size, the market is segmented into Large Enterprises and Small & Medium Enterprises. Based on End User, the market is segmented into BFSI, Retail & Consumer Goods, Government, Energy & Utilities, Healthcare, Telecom & IT and Others. Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.

The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include IBM Corporation, FireEye, Inc., Cisco Systems, Inc., Palo Alto Networks, Inc. (Demisto, Inc.), Rapid7, Inc., Splunk, Inc., Swimlane LLC, ThreatConnect, Inc.,LogRhythm, Inc. and Tufin, Inc.

Scope of the Security Orchestration Automation and Response (SOAR) Market Analysis

Market Segmentation:

By Component

• Software
• Services

By Application

• Threat Intelligence
• Incident Management
• Network Forensics
• Workflow Management
• Compliance Management
• Others

By Deployment Type

• On Premise
• Cloud

By Organization Size

• Large Enterprises
• Small & Medium Enterprises

By End User

• BFSI
• Retail and Consumer Goods
• Government
• Energy & Utilities
• Healthcare
• Telecom & IT
• Others

By Country

• Brazil
• Argentina
• UAE
• Saudi Arabia
• South Africa
• Nigeria
• Rest of LAMEA

Companies Profiled

• IBM Corporation
• FireEye, Inc.
• Cisco Systems, Inc.
• Palo Alto Networks, Inc. (Demisto, Inc.)
• Rapid7, Inc.
• Splunk, Inc.
• Swimlane LLC
• ThreatConnect, Inc.
• LogRhythm, Inc.
• Tufin, Inc.