Security Orchestration Market Analysis 2022 | Industry Report, Growth and Forecast 2027

The latest research study “Security Orchestration Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027” by IMARC Group, finds that the global security orchestration market 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 refers to a process that involves integrating a fragmented ecosystem of security operation center (SOC) technologies and processes to automate tasks for efficient security operations. It includes various cybersecurity tools for preventing, detecting, and addressing threats. It allows security teams to quickly apply context by collecting relevant information from multiple sources and enhancing incoming alerts. It helps incident response teams facilitate analytics, security incident investigation, threat intelligence, alert triage, and threat management for more strategic decision-making. As a result, security orchestration finds extensive applications in the energy and utilities, retail, information technology (IT), telecommunication, government, healthcare, and banking, financial services, and insurance (BFSI) sectors.

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Security Orchestration Market Trends and Drivers:

The global security orchestration market is primarily driven by the rising security breaches across numerous organizations due to the growing adoption of bring-your-own-device (BYOD) in medium and small businesses. Moreover, there is a surge in the use of security orchestration to provide advanced security for crucial business applications in the telecommunications industry.

In line with this, the highly critical technological environment owing to the increasing data-on-demand generation across data centers has augmented product demand. Additionally, the easy availability of affordable cloud-based security orchestration is positively influencing market growth. Besides this, the rising investments in network infrastructures by governments of numerous countries have catalyzed market growth.

Furthermore, the increasing use of security orchestration to boost security operations thresholds of various enterprises is contributing to market growth. Other factors, ongoing research and development (R&D) activities, frequent changes in network infrastructures, and growing network complexity, are also anticipated to drive the market further.

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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. ( 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

Breakup by Organization Size:

  • Small and Medium- sized Enterprises
  • Large Enterprises

Breakup by Application:

  • Compliance Management
  • Threat Intelligence
  • Ticketing Solutions
  • Network Forensics
  • Others

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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