USD 1.27 billion
Security Orchestration Automation and Response Market Size, Share, Growth Analysis, By Type(Threat & Vulnerability, Incident response), By Deployment type(Cloud based, Premises based) - Industry Forecast 2024-2031
Report ID:
SQMIG45A2142 |
Region:
Global |
Published Date: March, 2024
Pages:
197
|
Tables:
63 |
Figures:
75
Security Orchestration Automation and Response Market Insights
Global Security Orchestration Automation and Response Market size was valued at USD 1.27 billion in 2022 and is poised to grow from USD 1.47 billion in 2023 to USD 4.76 billion by 2031, growing at a CAGR of 15.8% during the forecast period (2024-2031).
The global security orchestration automation and response market is experiencing substantial growth and is driven by the increasing need for organizations to effectively manage and respond to cybersecurity threats. SOAR solutions combine security orchestration, automation, and response capabilities, empowering organizations to streamline their security operations, improve incident response times, and enhance overall cybersecurity posture. The purpose of the SOAR market is to address the evolving challenges faced by organizations in dealing with sophisticated cyber threats. Traditional security approaches often suffer from manual processes, disparate tools, and inefficient incident response workflows, making it difficult for organizations to detect, respond to, and remediate security incidents in a timely manner. SOAR solutions aim to bridge these gaps by automating routine security tasks, integrating security tools, and providing comprehensive incident response capabilities. One of the key driving factors for the growth of the SOAR market is the escalating frequency and complexity of cyber-attacks.
With the rapid digital transformation and increasing reliance on interconnected systems, organizations are exposed to a wide range of cyber threats. The need to effectively detect, respond to, and mitigate these threats is propelling the demand for SOAR solutions. Despite the growth opportunities, there are certain restraining factors that may impact the SOAR market. One such factor is the shortage of skilled cybersecurity professionals. The complexity of cyber threats requires expertise in incident response, threat analysis, and security operations. However, there is a shortage of qualified professionals in the field, which can hinder the effective implementation and utilization of SOAR solutions. The SOAR market also faces certain challenges. Integration complexity is one such challenge, as organizations often have a diverse range of security tools and systems in place. Ensuring seamless integration and interoperability between these tools and the SOAR platform can be a complex task, requiring expertise and resources. The SOAR market presents significant opportunities for growth.
As organizations across industries recognize the need for efficient security operations and incident response capabilities, the demand for SOAR solutions is expected to rise. Furthermore, advancements in technologies such as artificial intelligence and machine learning are enhancing the capabilities of SOAR solutions, enabling more intelligent and automated threat detection and response. the Global SOAR market is driven by the need for organizations to effectively manage and respond to cybersecurity threats. The market is fueled by factors such as the escalating frequency of cyber-attacks and regulatory compliance requirements. However, challenges such as skill shortages and budget constraints exist. Despite these challenges, the SOAR market presents significant opportunities for growth, particularly through advancements in technologies and the adoption of cloud-based solutions.
US Security Orchestration Automation and Response Market is poised to grow at a sustainable CAGR for the next forecast year.
Market snapshot - 2024-2031
Global Market Size
Largest Segment
Threat & Vulnerability
Fastest Growth
Threat & Vulnerability
Growth Rate
15.8% CAGR
Global Security Orchestration Automation and response Market ($ Bn)
Country Share for North America Region (%)
Global Security orchestration automation and response Market By Type ($ Bn)
Global Security orchestration automation and response Market By Type (%)
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Security Orchestration Automation and Response Market Segmental Analysis
The global security orchestration automation and response market is segmented on the basis of type, deployment type, and region. By type, the market is segmented into threat & vulnerability, incident response, and security operations response. By deployment type, the market is segmented into Cloud based, Premises based, and Others (software). By region, the market is segmented into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.
Security Orchestration Automation and Response Market Analysis by Type
The largest segment is Threat & Vulnerability Management, which holds a significant market share and plays a vital role in ensuring the security of organizations. Threat & Vulnerability Management solutions provide proactive measures to identify, assess, and mitigate potential threats and vulnerabilities in real-time. These solutions offer comprehensive scanning capabilities, vulnerability assessments, and risk management functionalities. They enable organizations to detect and prioritize vulnerabilities, ensuring that they are promptly addressed before they can be exploited by malicious actors.
The fastest-growing segment within the SOAR market is Incident Response. As cyber-attacks become more frequent and sophisticated, organizations are realizing the necessity of having a robust and efficient incident response capability. Incident Response solutions provide organizations with the necessary tools and workflows to detect, investigate, and respond to security incidents in a timely and effective manner. The growing number of high-profile cyber-attacks, data breaches, and regulatory requirements have driven the adoption of Incident Response solutions across various industries. Organizations understand that an effective incident response capability is not only crucial for minimizing the impact of security incidents but also for maintaining customer trust and brand reputation.
Security Orchestration Automation and Response Market Analysis by Deployment type
The largest segment is Cloud-based solutions, which have gained immense popularity and dominance in the market. Cloud-based deployments provide organizations with numerous advantages, including flexibility, scalability, and cost-efficiency. By leveraging cloud infrastructure, organizations can access SOAR capabilities without the need for extensive on-premises infrastructure investments. Cloud-based solutions offer seamless integration, enabling organizations to quickly adopt and scale their security operations as needed.
The fastest-growing segment within the SOAR market is the Others (Software) category. This segment encompasses on-premises software deployments, which are still prevalent in certain industries that require strict control over their data and infrastructure. While cloud-based deployment is rapidly gaining momentum, on-premises solutions continue to serve organizations with specific compliance requirements, regulatory restrictions, or data sovereignty concerns. The overall market share of on-premises deployments might be smaller compared to cloud-based deployment, the Others (Software) segment is witnessing steady growth due to the demand from industries such as government, healthcare, and financial services. These sectors often have stringent data protection and privacy regulations, necessitating the need for localized control over security operations.
Global Security orchestration automation and response Market By Type, 2023 (%)
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Security Orchestration Automation and Response Market Regional Insights
North America currently stands as the dominating region in the global SOAR market. This can be attributed to several factors. Firstly, North America is home to numerous major technology companies, financial institutions, and healthcare organizations that face significant cybersecurity challenges due to their scale and prominence. These industries are early adopters of advanced cybersecurity solutions, including SOAR, to bolster their security operations and incident response capabilities. Moreover, the APAC region is witnessing substantial investments in cybersecurity infrastructure by governments and organizations. Countries like China, Japan, and India are making significant efforts to strengthen their cybersecurity frameworks, which includes the adoption of advanced technologies like SOAR.
The Asia-Pacific (APAC) region is experiencing the fastest growth in the Global SOAR market. Several factors contribute to this rapid growth. Firstly, APAC is witnessing a significant rise in cyber threats due to the increasing digitalization and connectivity across various industries. As a result, organizations in the region are increasingly recognizing the importance of robust security operations and incident response capabilities, fueling the demand for SOAR solutions. Furthermore, the increasing awareness of compliance requirements, along with rising concerns about data breaches and privacy, is propelling the adoption of SOAR solutions in APAC.
Global Security OIrchestration Automation and Response Market By Geography, 2024-2031
- Largest
- Fastest
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Security Orchestration Automation and Response Market Dynamics
Security Orchestration Automation and Response Market Drivers
Increasing Frequency and Sophistication of Cyber Attacks
- In 2022, the frequency and sophistication of cyber-attacks continued to rise, posing significant challenges for organizations worldwide. This increased threat landscape propelled the demand for SOAR solutions, as businesses sought to enhance their incident response capabilities and automate security operations. For example, organizations faced numerous high-profile ransomware attacks, such as the Colonial Pipeline incident, which highlighted the critical need for robust cybersecurity measures.
Regulatory Compliance and Data Privacy Requirements
- Regulatory compliance requirements, such as the General Data Protection Regulation (GDPR) in the European Union and the California Consumer Privacy Act (CCPA) in the United States, remained a driving force behind the adoption of SOAR solutions. Organizations needed to demonstrate robust incident response capabilities and ensure compliance with data protection and privacy regulations. Failure to meet these requirements could result in significant penalties and reputational damage. As a result, organizations turned to SOAR solutions to streamline their incident response processes and demonstrate compliance.
Security Orchestration Automation and Response Market Restraints
Lack of Skilled Cybersecurity Professionals
- The shortage of skilled cybersecurity professionals continued to hinder the growth of the SOAR market in 2022. As the demand for effective incident response and security operations management increased, organizations faced challenges in finding and retaining qualified personnel. The complex nature of cyber threats requires expertise in threat analysis, incident response, and security automation. The scarcity of skilled professionals limited the efficient implementation and utilization of SOAR solutions for some organizations.
Budget Constraints and Cost Considerations
- Budget constraints remained a significant restraint for organizations considering the adoption of SOAR solutions. Implementing and maintaining a robust SOAR platform can involve substantial upfront costs, including licensing fees, infrastructure investments, and ongoing operational expenses. Organizations, particularly small and medium-sized enterprises (SMEs) with limited resources, may find it challenging to allocate adequate budgets for SOAR implementation. Cost considerations, including the total cost of ownership and return on investment, influenced the adoption decisions of many organizations.
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Security Orchestration Automation and Response Market Competitive Landscape
The global security orchestration automation and response market is characterized by the presence of numerous established players as well as emerging vendors. These companies strive to offer comprehensive SOAR solutions that effectively address the evolving cybersecurity challenges faced by organizations. The competition in the market is intense, with companies focusing on innovation, strategic partnerships, and expanding their customer base to gain a competitive edge. The competitive landscape is further shaped by the increasing demand for cloud-based SOAR solutions. Vendors are investing in cloud-native architectures, scalability, and ease of deployment to meet the evolving needs of organizations. This trend opens up opportunities for new entrants and smaller players who can offer flexible and cost-effective cloud-based SOAR solutions to organizations of all sizes.
Security Orchestration Automation and Response Market Top Player’s Company Profiles
- McAfee, LLC (US)
- Palo Alto Networks, Inc. (US)
- Rapid7, Inc. (US)
- Cyberbit Ltd. (Israel)
- DFLabs S.p.A. (Italy)
- Siemplify Ltd. (Israel)
- Swimlane LLC (US)
- LogRhythm, Inc. (US)
- Exabeam, Inc. (US)
- Resolve Systems (US)
- Demisto, Inc. (US)
- ServiceNow, Inc. (US)
- Fortinet, Inc. (US)
- ThreatConnect, Inc. (US)
- Anomali, Inc. (US)
- Tufin Software Technologies Ltd. (Israel)
- Cybereason Inc. (US)
Security Orchestration Automation and Response Market Recent Developments
- In March 2023, Palo Alto Networks announced the acquisition of Expanse, a provider of threat intelligence and SOAR capabilities. The acquisition will allow Palo Alto Networks to offer customers a more comprehensive solution for threat detection and response.
- In February 2023, Microsoft announced the general availability of Microsoft Sentinel, its SOAR platform. Microsoft Sentinel is designed to help organizations automate security operations and respond to threats more quickly.
- In January 2023, IBM announced the acquisition of Resilient, a leading SOAR provider. The acquisition will allow IBM to expand its security portfolio and offer customers a more comprehensive solution for managing security threats.
Security Orchestration Automation and Response Key Market Trends
- Integration of Artificial Intelligence (AI) and Machine Learning (ML): The integration of AI and ML technologies within SOAR solutions gained traction in 2022. These technologies enable advanced threat detection, automated decision-making, and the ability to learn from historical incident data, enhancing the overall effectiveness of security operations.
- Collaboration and Information Sharing: In 2022, there was an increasing emphasis on collaboration and information sharing within the SOAR ecosystem. Integration with threat intelligence platforms and sharing of playbooks and best practices among security teams improved incident response coordination and enabled collective defense against evolving cyber threats.
Security Orchestration Automation and Response Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyzes the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
According to our global security orchestration automation and response market analysis is expected to experience significant growth during the forecast period from 2023 to 2030. The market is experiencing significant growth and is driven by the increasing need for organizations to effectively manage and respond to cybersecurity threats. SOAR solutions combine automation, orchestration, and response capabilities to streamline security operations and enhance incident response. These solutions automate routine tasks, integrate security tools, and provide comprehensive incident response capabilities, helping organizations detect, investigate, and mitigate security incidents more efficiently. The market analysis reveals that the demand for SOAR solutions is fuelled by the escalating frequency and complexity of cyber-attacks. Organizations recognize the importance of proactive threat management and quick incident response to minimize the impact of security breaches. Additionally, regulatory compliance requirements play a crucial role in driving the adoption of SOAR solutions, especially in industries such as finance and healthcare that face stringent data protection regulations. While the market presents growth opportunities, there are certain challenges to consider. Skill shortages in the cybersecurity field pose a hurdle for organizations seeking to implement and utilize SOAR solutions effectively. Additionally, budget constraints can limit the adoption of these solutions, especially for smaller organizations with limited resources. On the other hand, the market analysis highlights key trends in the SOAR market. Integration with advanced technologies like artificial intelligence and machine learning is gaining traction, enhancing threat detection and automated decision-making capabilities. Collaboration and information sharing within the SOAR ecosystem are also emerging trends, facilitating coordinated incident response efforts and collective defense against evolving threats. The global SOAR market is driven by the need for efficient security operations and incident response capabilities. The market analysis emphasizes the growing demand for proactive threat management, compliance requirements, as well as the challenges of skill shortages and budget constraints. The adoption of advanced technologies and the importance of collaboration are also key trends shaping the market.
| Report Metric | Details |
|---|---|
| Market size value in 2023 | USD 1.27 billion |
| Market size value in 2031 | USD 4.76 billion |
| Growth Rate | 15.8% |
| Forecast period | 2024-2031 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
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| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
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| Customization scope | Free report customization with purchase. Customization includes:-
|
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Security Orchestration Automation and Response Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Security Orchestration Automation and Response Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Security Orchestration Automation and Response Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Security Orchestration Automation and Response Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Security Orchestration Automation and Response Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Security Orchestration Automation and Response Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
Security Orchestration Automation and Response Market Report Snapshots
- Global Security Orchestration Automation and Response Companies
- Global Security Orchestration Automation and Response Market Size
- Global Security Orchestration Automation and Response Market Analysis
- Global Security Orchestration Automation and Response Geographic Analysis
- Global Security Orchestration Automation and Response Market News
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