The latest research study “Security Orchestration Market: Global Industry Trends, Share, Growth, Opportunity and Forecast 2022-2027” by IMARC Group, finds that the global security orchestration market size reached a value of US$ 2.36 Billion in 2021. Looking forward, IMARC Group expects the market to reach a value of US$ 6.02 Billion by 2027, exhibiting a CAGR of 16.30% during 2022-2027.
Security Orchestration Meaning
Security orchestration refers to the method of connecting security tools and integrating diverse security systems based on data-driven security analysis. It streamlines security processes and powers security automation, allowing organizations to respond to security alerts automatically. Security orchestration is integrated with disparate cybersecurity technologies and processes for simpler, effective security operation, and various security tools to prevent, detect, and remediate threats. It also facilitates alert triage, analytics, security incident investigation, and threat intelligence. As a result, it finds application in various industries such as banking, financial and insurance (BFSI), telecommunication, information technology (IT), energy and utilities, government, retail, and healthcare.
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Note: We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
Security Orchestration Market Trends and Drivers:
The increasing security breaches across organizations primarily drive the global security orchestration market. Besides, the growing trend of bring-your-own-device (BYOD) in medium and small businesses is propelling the demand for security orchestration.
In addition, frequent changes in network infrastructure and the availability of cost-efficient cloud-based security orchestration services, are fueling the market growth. Moreover, governments in various countries are investing in upgrading and new network infrastructure, which is creating a positive outlook for the market.
Furthermore, the rising need for cutting-edge technology that allows organizations to automatically detect and respond to security operations from a single console and protect from cyber-attacks, unauthorized access, and damage is anticipated to drive the market growth in the upcoming years.
| Security Orchestration Market Report Scope | |
| Report Coverage | Details |
| Market size value in 2021 | US$ 2.36 Billion |
| Market forecast in 2027 | US$ 6.02 Billion |
| Growth Rate | CAGR of 16.30% from 2022 to 2027 |
| Base year for estimation | 2021 |
| Historical data | 2016-2021 |
| Forecast period | 2022-2027 |
Global Security Orchestration Market 2022-2027 Analysis and Segmentation:
Competitive Landscape:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
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.
The report has segmented the market on the basis of region, type, deployment mode, organization size, application and end use industry.
Breakup by Type:
- Software
- Services
Breakup by Deployment Mode:
- Cloud-based
- On-premises
Market Breakup by Organization Size:
- Small and Medium- sized Enterprises
- Large Enterprises
Breakup by Application:
- Compliance Management
- Threat Intelligence
- Ticketing Solutions
- Network Forensics
- Others
Market Breakup by End Use Industry:
- BFSI
- IT and Telecommunication
- Government and Defense
- E-Commerce
- Others
Breakup by Region:
- 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
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Key highlights of the report:
- Market Performance (2016-2021)
- Market Outlook (2022- 2027)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
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