According to a new report, published by KBV research, The Global Security Automation Market size is expected to reach $21.2 billion by 2030, rising at a market growth of 13.5% CAGR during the forecast period.
The Services segment would obtain a CAGR of 15% during (2023 - 2030). Security vendors offer services to help customers utilize and upkeep security solutions efficiently. As a result of the sophistication of cyberattacks, businesses are using security services to manage the risks associated with cyber threats and to avoid them. With these services, companies may strengthen their security gateway and safeguard their computer systems from intrusion, misuse, and data theft.
The Low Code segment is generating highest revenue share in the Global Security Automation Market by Code Type in 2022; thereby, achieving a market value of $9.9 billion by 2030. Low-code platforms simplify the development and deployment of security automation workflows and processes. Organizations can create and implement security automation solutions faster than traditional development methods. Low-code security automation ensures consistent and standardized responses to security events and incidents, reducing the risk of human error and ensuring that security procedures are followed accurately.
The RPA segment is showcasing a CAGR of 13.2% during (2023 - 2030). Security automation solutions based on RPA enhance an organization's ability to respond to security incidents and threats promptly and efficiently. They provide a valuable defense against cybersecurity challenges while optimizing resource utilization and reducing operational costs. RPA bots can perform security tasks much faster than humans, reducing response times to security incidents and threats. This rapid response is critical in minimizing potential damage.
The Network Security segment is leading the Global Security Automation Market by Application in 2022; thereby, achieving a market value of $4.8 billion by 2030. A broad range of technologies, tools, and practices are included in network security. Due to the enormous threat that cyberattacks pose to these enormous businesses, there has been an upsurge in the requirement for strong network security equipment. Hackers and others who want to access their data and other initiatives commonly attack these businesses.
The BFSI segment captured a CAGR of 11.1 % during the forecast period. The unique and vital nature of the data and transactions required makes security automation of the utmost importance in the BFSI sector. To ensure proper access to the correct people, control risks, and adhere to security requirements, the BFSI sector is projected to embrace more of these solutions as e-wallets, online payments, and digital/retail banking gain popularity.
The North America region dominated the Global Security Automation Market by Region in 2022 and would continue to be a dominant market till 2030; thereby, achieving a market value of $7.4 billion by 2030. The Europe region is poised to grow at a CAGR of 13.1% during (2023 - 2030). Additionally, The Asia Pacific region would witness a CAGR of 14.3% during (2023 - 2030).
Full Report: https://www.kbvresearch.com/security-automation-market/
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 Palo Alto Networks, Inc., CyberArk Software Ltd., Check Point Software Technologies Ltd., Cisco Systems, Inc., IBM Corporation, Splunk, Inc., VMware, Inc., Crowdstrike Holdings, Inc., Fortinet, Inc. and Trellix (Symphony Technology Group)
By Offering
By Code Type
By Technology
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By Vertical
By Country
Companies Profiled
Unique Offerings 
