Security Orchestration Market Research Report- Forecast till 2027
Market Highlights
Market Research Future (MRFR) analysed the global security orchestrationrnmarket 2020 through the study period till 2023. By 2023 the global securityrnorchestration market can rise at about 15% CAGR. By end of the analysis period,rnthe value of security orchestration global market can touch USD 2,123.5rnMillion. The forces that can influence the market dynamics are discussedrnvividly in the report. The impact of novel coronavirus outbreak on market ofrnsecurity orchestration market is presented in the report. Increase in demandrnfor security orchestration solution can favor expansion of the market in thernnear future. The rise in demand to improve security operations threshold ofrndifferent enterprises can support expansion of the market. The growingrnapplication of technological integration and surge in deployment of tools thatrncan aid enterprises adopt advanced security technologies for the protection ofrnboth external resources and internal resources can favor the securityrnorchestration market in the study period.
Well-known player in the worldwide market of security orchestration canrnoffer effective solutions to minimize risk exposure, maintain a processrnconsistency in security program, and improve their response time. Thus, therngrowing need to boost security orchestration in the analysis period can favorrnmarket expansion. Security orchestration can assists in effective management ofrntheir team and operations associated with security programs can also cause thernmarket to thrive. The rise in demand for cloud-based security solution can aidrnthe market gain momentum.
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Segmentation:
The segment evaluation for the worldwide security orchestration marketrnis done by component, deployment, organization size, vertical, and application.rnThe component-based segments of the security orchestration market are servicernand solution. The service-based segments of the security orchestration marketrnare support and maintenance, consulting services, professional services,rnmanaged services, and training and education. The application-based segments ofrnthe worldwide security orchestration market are network forensics, threatrnintelligence, ticketing solutions, and compliance management among others. Therndeployment-based segments of the worldwide security orchestration market arerncloud, and on-premise among others. The organization size based segments of thernsecurity orchestration market are large enterprises and small and mediumrnenterprise. The end-user based market segments of the market are IT &rntelecommunication, energy and utilities, retail, healthcare, and government,rnBFSI among others.
Regional Analysis
In North America, the market of global security orchestration market canrnthrive owing to the emergence of regional trends for effective securityrnorchestration. In Europe and Asia Pacific, the market can surge due to thernpresence of top-notch companies in the geography. The expansion of the securityrnorchestration market can be attributed to the increase in number of toprnresearch and development centers across APAC can support expansion of thernmarket in the near future. The pressing need for cutting-edge securityrntechnology can favor APAC security orchestration market surge across thernassessment study period. The immediate need to rising combat cyber-attacks canrnpush EU security orchestration market upsurge in the near future.
The growing demand for security orchestration solution across the EU andrnrapid deployment for cloud-based solutions can favor expansion of the market inrnthe near future. The surge in security breach incidents and gradual popularityrnof BYOD trend can push the market through the assessment period. Increase inrndeployment for handling security orchestration solutions by several companiesrncan protect the market rise in the near future.
Key Player
Hexadite (U.S.), Intel Security (U.S.), FireEye, Inc. (U.S.), CiscornSystems, Inc. (U.S.), Phantom Cyber Corporation (U.S.), IBM Corporation (U.S.),rnHuawei Technologies (China), Tufin (Israel), Swimlane LLC (U.S.), andrnCyberSponse Inc. (U.S.) are some reputed marketers of security orchestrationrnthat are listed by MRFR.
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Security Orchestration Market Research Report, By Component (Solution,rnService), Application (Threat Intelligence, Network Forensic), Deploymentrn(Cloud, on-premise), Organization Size (Large Enterprise), Vertical (BFSI,rnRetail) – Global Forecast till 2023
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