Security Automation Market, Opportunity, Growth Drivers, Industry Trend Analysis and Forecast, 2024-2032

Description

The Global Security Automation Market will experience a 12% CAGR from 2024 to 2032. The increasing frequency and sophistication of cyberattacks, alongside stringent regulatory mandates, are key factors fueling the demand for automated security solutions. For instance, according to a Cybersecurity Ventures report, global cybercrime costs could reach $10.5 trillion annually by 2025, a significant increase from $3 trillion in 2015. As organizations across various sectors prioritize safeguarding their digital assets and ensuring compliance, the adoption of security automation tools is becoming crucial. These tools enable faster threat detection, efficient incident response, and enhanced overall cybersecurity posture, contributing to market expansion.

The overall security automation industry is categorized based on Offering, Technology, Application, Code, Industry Vertical, Deployment Model, and Region.

The service segment of the security automation market will exhibit robust growth over the forecast period. As businesses increasingly adopt automated security solutions, the demand for professional services, including consulting, integration, and managed services, is rising. These services are essential for tailoring security automation tools to specific organizational needs, ensuring seamless integration with existing infrastructure, and maintaining optimal performance. Additionally, the complexity of modern cyber threats necessitates ongoing support and expertise, driving the continuous need for specialized services. The expanding scope of security automation services is crucial for businesses aiming to enhance their cybersecurity resilience.

Incident response management, a critical application within the security automation market, will play a pivotal role in market expansion through 2032. The growing need for rapid and effective response to cyber incidents is pushing organizations to invest in automated incident response solutions. These tools facilitate faster detection, investigation, and remediation of security threats, minimizing potential damage and reducing recovery time. Automation in incident response also aids in meeting compliance requirements by ensuring consistent and documented procedures. As the threat landscape evolves, the adoption of incident response management solutions is anticipated to drive significant growth within the security automation market.

Europe could lead Global security automation market growth throughout the forecast period, driven by stringent data protection regulations, such as the General Data Protection Regulation (GDPR), and a strong emphasis on cybersecurity. The region's well-established technology infrastructure and significant investments in cybersecurity research and development further bolster market expansion. Additionally, the increasing frequency of cyberattacks targeting critical industries, such as finance and healthcare, is prompting organizations to adopt advanced security automation tools. With government support and collaboration among key stakeholders, Europe is expected to continue its leadership in Global security automation market.

Product Code: 10548

Chapter 1 Methodology and Scope

1.1 Research design
- 1.1.1 Research approach
- 1.1.2 Data collection methods
1.2 Base estimates and calculations
- 1.2.1 Base year calculation
- 1.2.2 Key trends for market estimation
1.3 Forecast model
1.4 Primary research and validation
- 1.4.1 Primary sources
- 1.4.2 Data mining sources
1.5 Market definitions

Chapter 2 Executive Summary

2.1 Industry 360° synopsis, 2021 - 2032

Chapter 3 Industry Insights

3.1 Industry ecosystem analysis
3.2 Supplier landscape
- 3.2.1 Solution provider
- 3.2.2 Service provider
- 3.2.3 Technology provider
- 3.2.4 End-user
3.3 Pricing analysis
3.4 Profit margin analysis
3.5 Technology innovation landscape
3.6 Patent analysis
3.7 Key news and initiatives
3.8 Regulatory landscape
3.9 Global automation industry analysis
3.10 Impact forces
- 3.10.1 Growth drivers
  - 3.10.1.1 Increasing cybersecurity threats
  - 3.10.1.2 Rising advancements in technology
  - 3.10.1.3 Increasing demand for rapid detection and response
  - 3.10.1.4 Rising demand for predictive analysis
- 3.10.2 Industry pitfalls and challenges
  - 3.10.2.1 High initial investments in security automation
  - 3.10.2.2 Automated systems can generate false positive alerts
3.11 Growth potential analysis
3.12 Porter's analysis
3.13 PESTEL analysis

Chapter 4 Competitive Landscape, 2023

4.1 Introduction
4.2 Company market share
4.3 Competitive analysis of major market players
4.4 Competitive positioning matrix
4.5 Strategic outlook matrix

Chapter 5 Market Estimates and Forecast, by Offering, 2021-2032 ($Mn)

5.1 Key trends
5.2 Solution
- 5.2.1 Security orchestration, automation and response (SOAR)
- 5.2.2 Security information and event management (SIEM)
- 5.2.3 Extended detection and response (XDR)
5.3 Services
- 5.3.1 Professional services
- 5.3.2 Managed services

Chapter 6 Market Estimates and Forecast, by Deployment Model, 2021-2032 ($Mn)

6.1 Key trends
6.2 Cloud
6.3 On-premises

Chapter 7 Market Estimates and Forecast, By Code, 2021-2032 ($Mn)

7.1 Key trends
7.2 Low code
7.3 No code
7.4 Full code

Chapter 8 Market Estimates and Forecast, By Technology, 2021-2032 ($Mn)

8.1 Key trends
8.2 AI and ML
8.3 Robotic process automation
8.4 Others

Chapter 9 Market Estimates and Forecast, By Application, 2021-2032 ($Mn)

9.1 Key trends
9.2 Network security
9.3 Endpoint security
9.4 Incident response management
9.5 Vulnerability management
9.6 Identity and access management
9.7 Compliance and policy management
9.8 Data protection and encryption
9.9 Others

Chapter 10 Market Estimates and Forecast, By Industry Vertical, 2021-2032 ($Mn)

10.1 Key trends
10.2 BFSI
10.3 Media and entertainment
10.4 Manufacturing
10.5 Government and defense
10.6 Energy and utilities
10.7 Retail and e-commerce
10.8 Healthcare
10.9 IT and telecom
10.10 Others

Chapter 11 Market Estimates and Forecast, By Region, 2021-2032 ($Mn)

11.1 Key trends
11.2 North America
- 11.2.1 U.S.
- 11.2.2 Canada
11.3 Europe
- 11.3.1 UK
- 11.3.2 Germany
- 11.3.3 France
- 11.3.4 Italy
- 11.3.5 Spain
- 11.3.6 Russia
- 11.3.7 Nordics
- 11.3.8 Rest of Europe
11.4 Asia Pacific
- 11.4.1 China
- 11.4.2 India
- 11.4.3 Japan
- 11.4.4 South Korea
- 11.4.5 ANZ
- 11.4.6 Southeast Asia
- 11.4.7 Rest of APAC
11.5 Latin America
- 11.5.1 Brazil
- 11.5.2 Mexico
- 11.5.3 Argentina
- 11.5.4 Rest of LATAM
11.6 MEA
- 11.6.1 South Africa
- 11.6.2 Saudi Arabia
- 11.6.3 UAE
- 11.6.4 Rest of MEA

Chapter 12 Company Profiles

12.1 Carbon Black, Inc.
12.2 Check Point Software Technologies
12.3 Cisco Systems Inc.
12.4 Crowdstrike
12.5 Cyberark
12.6 D3 Security
12.7 Fortinet Inc.
12.8 Google LLC
12.9 IBM Corporation
12.10 Microsoft Corporation
12.11 Palo Alto Networks
12.12 Red Hat
12.13 Secureworks
12.14 Splunk
12.15 Sumo Logic
12.16 Tenable
12.17 Trellix