The global security orchestration market trends suggest that the global market is likely to attain a global CAGR of 15% during the ongoing forecast period of 2017-2023. Security orchestration is being defined as the method of connecting security tools with existing security systems that offer better-operating organizations’ security operations. The technological integration along with the existing tools are known to be allowing enterprises the adoption of advanced security technologies using both internal and external resources.
The security orchestration market is highlighting the increase in the security breaches and occurrences due to dramatic growth in the BYOD trend affecting SMEs, along with the rapid deployment and development of cloud-based solutions, which has positive attributes and is fueling the application of security orchestration among various organizations during the forecast period that will be ending in 2023. There has been a steep rise in the application of network forensics that is expected to drive the market demand, as there is a growing number of prominent companies that are adopting the security orchestration platform to monitor and manage their computer network traffic.
The outbreak of the novel coronavirus pandemic has certainly had an impact on the security orchestration market owing to the rising security concern and computer networking traffic that have come tagged along with the virtual working and introduced ways of working from home. The market has been facing functional issues followed by the temporary and permanent shutting of businesses. The hackers have ample time and opportunities to hack into the systems and cause breaches followed by raising serious security questions. Hence, there is a global need for the market to return to its normal pace and scale for functioning followed by the implementation of the market services, products, and policies to benefit the market end-users. The funding and investment portfolios of the global Security Orchestration Market will help the security orchestration market propel as per the projections that have been laid down for the market during the ongoing forecast period that will be ending in 2023.
As the IT sector is witnessing a major degree of growth day by day, the network architecture and network complexity are also becoming denser, due to which, the expanded organizations are continuously undertaking frequent changes to strengthen their network architecture according to the dynamic business needs. To overcome these issues, the global organizations that are a part of the security orchestration market need a single security solution, which can easily adapt to the networking changes and the management of the network complexity through a single console. Moreover, with the proliferation of cloud computing and the data-on-demand generation across various data centers, the technological environment has become highly critical, as most organizations are creating their business plans around the propelling capabilities of IT premises. With the help of powerful security management suites, prominent IT companies can orchestrate the automated security platform across various application-centric solutions for managing complex policies across firewalls and related security infrastructure.
The security vendors across the telecom sector that is a prominent part of the security orchestration market are trying to develop their orchestration platforms, to provide an advanced security system to the critical business applications, owing to the rise in cyberattacks across the emerging market during the forecast period that ends in 2023. This market restrain is likely to hamper the market and present the market with challenges to overcome from.
Security orchestration, as a part of the security orchestration market, is the method of connecting security tools and integrating diverse security systems with the help of a connected layer, which helps and streamlines the security processes and powers security automation. It joins the disparate cybersecurity technologies and processes for simpler, more effective security operations, which are having multiple security tools in place to prevent, detect, and remediate threats while implementing the market features and advantages.
Security orchestration helps empower the organizations to automatically respond to security alerts, thereby are leveraging over deep technology integrations with existing tools. This can rapidly gather contextual alert data from various kinds of sources, lay down the analysis of the security intelligence followed by the recommendation of a course of action for the execution of the required preventative actions with automation.
The global security orchestration market has been segmented wholly owing to the rising demands of the global target audience followed by the aim of the market to expand the market size and reach the projected market revenue for the forecast period of 2017-2023. The global market has been segmented into component, application, deployment, organization size, and vertical.
The component segment consists of solution and service. The service segment has been bifurcated into professional services, consulting services, training and education, support, and maintenance amongst the rest like managed services.
The application segment of the security orchestration market is bifurcated into threat intelligence, network forensics, ticketing solutions, compliance management, and others.
The global security orchestration market has a deployment segment that consists of cloud and on-premise.
The organization size segment of the global market comprises both small and medium enterprises and large enterprises. The end-user segment of the market consists of BFSI, energy and utilities, government, healthcare, retail, IT & telecommunication, and others.
The global security orchestration market is studied based on the regional segmentation of the global market, as well. The market is functional in the North American market, Europe, the Asia Pacific region, and the Rest of the World. The North American market is expected to have the largest market share in the global security orchestration market during the ongoing forecast period that will be ending in 2023 owing to the presence of major players, well-established research & development centers, and demand for cutting-edge security technology. Following the marketing trends, the Asia Pacific region is expected to be the fastest-growing in the security orchestration market. The growth in the APAC region is attributed to the rising adoption of cloud-based security solutions and the need for advanced security solutions to combat cyber-attacks.
The security orchestration market has been studied owing to the expansion of the key players followed by the recent developments undertaken during the period that gives rise to an excellent degree of market competition. Some of the prominent players in the global security orchestration market are mentioned as follows:
The security orchestration market report helps to have a deep idea about the market functioning followed by the in-depth study of the market trends that give rise to the dynamics helpful for the expansion goals of the market during the forecast period that will be ending in 2028. The global market report helps to understand the segmentation followed by the recent developments of the period.
|Market Size||USD 1682.4 million|
|Forecast Units||Value (USD Million)|
|Report Coverage||Revenue Forecast, Competitive Landscape, Growth Factors, and Trends|
|Segments Covered||By Component, Application|
|Geographies Covered||North America, Europe, Aisa Pacific|
|Key Vendors||FireEye Inc. (U.S.) CyberSponse Inc. (U.S.) Phantom Cyber Corporation (U.S.) Cisco Systems Inc. (U.S.) Swimlane LLC (U.S.) Intel Security (U.S.)|
|Key Market Opportunities|
|Key Market Drivers||o overcome these issues, the global organizations that are a part of the security orchestration market need a single security solution|
The Asian Pacific market is likely to emerge as the fastest-growing region in the international market.
The North American region is likely to have the maximum share for contribution to the market growth.
The global market is likely to attain a global CAGR of 15% during the period.