According to a new report Global Security Orchestration Automation and Response (SOAR) Market, published by KBV Research, The Global Security Orchestration Automation and Response (SOAR) Market size is expected to reach $2.3 billion by 2025, rising at a market growth of 16.3% CAGR during the forecast period.
Based on organization size, the large enterprises segment is estimated to grow exponentially over the forecast period. Companies are facing more attacks, which become harder to avoid, detect and mitigate. Most companies have invested in a wide range of security solutions for tackling the increasing risk, including security information and event management (SIEM) systems, user and entity behavior analytics (UEBA) platforms, Incident response and Prevention systems (IDPS) and many others. The Small & Medium Enterprises market is expected to witness a CAGR of 18.8% during (2019 - 2025).
Based on vertical, the healthcare sector is projected to grow at the significant CAGR during the forecast period. With the increase in the number of smart devices in the network, these devices create additional entry points for hackers looking to use systems. The SOAR System Unified Threat Dashboard assimilates data from these segments- smart devices that operate in their own networks as a type of first responding to security threats- to enhance network-wide visibility and better manage BYOD, cloud and remote work space security threats to banks. The BFSI market dominated the Global Security Orchestration Automation and Response Market by End User 2018. The Government market is expected to witness a CAGR of 17.6% during (2019 - 2025). Additionally, The Energy & Utilities market is expected to witness highest CAGR of 18.2% during (2019 - 2025).
Full Report:https://www.kbvresearch.com/security-orchestration-automation-and-response-market/
Based on application, the threat intelligence segment is projected to lead the market during the forecast period. A proactive security program requires threat intelligence to be properly correlated to the end of discovering attack patterns, potential vulnerabilities and other ongoing risks to the organization. This correlation should be performed automatically and it should be immediately clear if an ongoing incident may share common factors with any previous incidents. The Incident Management market is expected to witness a CAGR of 15.2% during (2019 - 2025). Additionally, The Network Forensics market is expected to witness highest CAGR of 17.1% during (2019 - 2025).
The North America market dominated the Global Security Orchestration Automation and Response Market by Region 2018, growing at a CAGR of 14.8 % during the forecast period. The Europe market is expected to witness a CAGR of 15.4% during (2019 - 2025). Additionally, The Asia Pacific market is expected to witness a CAGR of 18.3% during (2019 - 2025).
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of 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.
By Component
By Application
By Deployment Type
By Organization Size
By End User
By Geography
Companies Profiled
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