PUBLISHER: IMARC | PRODUCT CODE: 1519462
PUBLISHER: IMARC | PRODUCT CODE: 1519462
The global security orchestration market size reached US$ 3.2 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 10.8 Billion by 2032, exhibiting a growth rate (CAGR) of 14.2% during 2024-2032.
Security orchestration is a process of integrating a disparate ecosystem of security operation center (SOC) technologies and processes to automate tasks for effective security operations. It comprises several cybersecurity tools to prevent, detect, and remediate threats. It enables security teams to quickly apply context by drawing relevant data from numerous sources and enriching alerts received. It also helps incident response teams to facilitate alert triage, analytics, security incident investigation, and threat intelligence for more strategic decision-making. As a result, security orchestration finds extensive applications in energy and utilities, government, healthcare, retail, information and technology (IT), telecommunication, and banking, financial services, and insurance (BFSI) sectors.
Due to the growing traction of bring your own device (BYOD) in medium and small businesses, there is a rise in security breaches across organizations of different industry verticals. This, along with the frequent changes in network infrastructures, represents one of the key factors driving the market. Moreover, the availability of cost-efficient cloud-based security orchestration across the globe is propelling the growth of the market. In addition, there is an increase in the utilization of security orchestration in the telecommunication sector to offer advanced security for critical business applications. This, coupled with the highly crucial technological environment due to increasing data-on-demand generation across data centers, is catalyzing the demand for security orchestration. Besides this, governments of several countries are extensively investing in network infrastructures and research and development (R&D) activities around the world, which is positively influencing the market. Additionally, the growing demand for cutting-edge security technology worldwide is offering lucrative growth opportunities to key market players. Furthermore, the rising employment of security orchestration to boost the security operations threshold of different enterprises is bolstering the market growth.
IMARC Group provides an analysis of the key trends in each sub-segment of the global security orchestration market report, along with forecasts at the global, regional and country level from 2024-2032. Our report has categorized the market based on type, deployment mode, organization size, application and end use industry.
Software
Services
Cloud-based
On-premises
Small and Medium- sized Enterprises
Large Enterprises
Compliance Management
Threat Intelligence
Ticketing Solutions
Network Forensics
Others
BFSI
IT and Telecommunication
Government and Defense
E-Commerce
Others
North America
United States
Canada
Asia-Pacific
China
Japan
India
South Korea
Australia
Indonesia
Others
Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Others
Latin America
Brazil
Mexico
Others
Middle East and Africa
The competitive landscape of the industry has also been examined along with the profiles of the key players being Acalvio Technologies Inc., Accenture plc, Amazon Web Services Inc. (Amazon.com Inc.), Cisco Systems Inc., Cyberbit (Elbit Systems), Exabeam Inc., Forescout Technologies Inc., International Business Machines Corporation, Optiv Security Inc., Palo Alto Networks Inc., Swimlane Inc. and Tufin.