Security Orchestration Market Research Report Forecast till 2023
Posted June 6,2020 in Science and Technology.
The global security orchestration market is predicted to expand at a CAGR of 15% during the forecast period (2017-2023) owing to the rapid deployment of cloud-based solutions, asserts Market Research Future (MRFR). Security orchestration can be referred to as the procedure of connecting security tools with the existing security systems in order to operate organizations’ security operations in a better way. Technological integration with the existing tools enables the enterprises to adopt advanced security technologies by using internal as well as external resources. Security orchestration act as a medium that bridges the security processes and power security automation.
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Drivers and Constraints
With the rapid deployment of cloud-based solutions, the global security orchestration market is considered to propel. The growing BYOD trend coupled with the augmenting incidents associated with security breaches is some of the major factors contributing the market growth. With threats in the global market becoming more prominent and dangerous, the growing business is being hampered to a great extent besides harming the critical data. Thus, enterprises are extensively deploying security orchestration solutions in order to protect the networks from threats and data breaches. Such factors are likely to fuel the market growth across the globe. The advantages offered by the solutions further propels the security orchestration market. The indistinguishable and immediate access to the archive data, growing application retirement processes in order to shorten the time to cost savings, and enabling critical data to survive longer than the originating databases or applications are some of the benefits offered which further influences the market growth to a great extent.
On the flips side, lack of knowledge regarding the security orchestration coupled with the lack of awareness about advanced cyber threats is some of the major concerns likely to impede the market growth. Moreover, managing security alerts and augmenting network complexity along with frequent changes in the network infrastructure are considered to dampen the market growth throughout the appraisal period.
The global Security Orchestration Market Covid 19 has been segmented on the basis of application, component, organization size, deployment, and vertical.
By mode of component, the global security orchestration market has been segmented into service and solution.
By mode of application, the global security orchestration market has been segmented into network forensics, threat intelligence, compliance management, ticketing solutions, and others.
By mode of deployment, the global security orchestration market has been segmented into on-premise and cloud.
By mode of organization size, the global security orchestration market has been segmented into small & medium enterprise and large enterprises.
By mode of end-user, the global security orchestration market has been segmented into energy and utilities, BFSI, healthcare, government, IT & telecommunication, retail, and others.
Geographically, the security orchestration market span across regions namely, Europe, North America, Asia Pacific, and Rest-of-the-World (RoW).
Among all the regions, the North American region is considered to occupy the largest market share and is likely to retain its dominance during the assessment period. The growth is credited to the presence of major industry players, high demand for cutting-edge technology, and well-established research and development centers in this region.
The Asia Pacific region is likely to expand at the fastest rate in the security orchestration market throughout the assessment period. The growth is credited to the augmenting adoption of cloud-based security solutions coupled with the need for advanced security solutions in order to combat cyber-attacks.
The prominent players operating the global security orchestration market are CyberSponse Inc. (U.S.), Tufin (Israel), Huawei Technologies (China), Cisco Systems Inc. (U.S.), IBM Corporation (U.S.), Intel Security (U.S.), Phantom Cyber Corporation (U.S.), FireEye Inc. (U.S.), Hexadite (U.S.), Swimlane LLC (U.S.), and others.
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