Security Orchestration Market Size, Share, Growth Report 2032

Security Orchestration Market Insights

According to Zion Market Research, the global Security Orchestration Market was worth USD 1.26 Billion in 2023. The market is forecast to reach USD 4.21 Billion by 2032, growing at a compound annual growth rate (CAGR) of 14.37% during the forecast period 2024-2032. The report offers a comprehensive analysis of the market, highlighting the factors that will determine growth, potential challenges, and opportunities that could emerge in the Security Orchestration Market industry over the next decade.

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Security Orchestration Market: Overview

The Global Security Orchestration Market accounted for USD 925.1 Million in 2020 and is expected to reach USD 2349.4 Million by 2028, growing at a CAGR of 13.2% from 2021 to 2028.

Security orchestration is a technique for connecting all of the security devices and coordinating the various security frameworks. In the context of information-driven security investigation, security orchestration is the ability to sanction robotized system, framework, and application changes. Implementing security orchestration across multiple organizations can aid in the management of security alerts and the prevention of serious cyber-attacks. Security vendors are working to develop better orchestration platforms to provide proactive and holistic security architecture for critical business applications as cyber-attacks become more sophisticated.

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COVID-19 Impact Analysis

The outbreak of COVID-19 positively impacted the global security orchestration market. Due to advancement in technology, healthcare segment has improved. With the increased internet usage, the e-commerce and retailing took a huge leap during the Covid. People are preferring the touchless deliveries and the safety of their data and security orchestration clears the doubt. With the increased cyber-attack the implementation of security orchestration has helped the organizations to overcome the attacks.

Security Orchestration Market: Growth Factors

The application of security orchestration is being boosted by an increase in security breaches and occurrences as a result of the dramatic growth in the BYOD trend affecting SMEs, as well as the rapid deployment and development of cloud-based solutions. As a growing number of companies adopt the security orchestration platform to monitor and manage their computer network traffic, the market demand for network forensics is expected to grow. Because of the growing popularity of connected devices, the adoption of various IT enabled services and solutions has increased the amount of data generated daily, resulting in a vast scope for potential vulnerabilities that require effective management and containment. The growth factor is also driven by the proliferating network complexity and frequent changes in the network infrastructure.

The surge in cyber-attacks in recent years pumped the development of security orchestration across the globe. People, organizations, government need their data to be secured from the hackers and cyber-attacks across the nation. Considered to be the most secured building in the world- The Pentagon has also under cyber-attack. Furthermore, as businesses grow, network architecture and network complexity become denser in nature. In addition, organizations are constantly changing their network architecture in response to changing business needs. This contributed to the development and became one of the major growth drivers for security orchestration. 

Security Orchestration Market: Report Scope

Component Segment Analysis Preview

Organizations can use Security Orchestration to automatically respond to security alerts. Using deep technology integrations with existing tools, we can quickly collect contextual alert data from a variety of sources, analyze the security intelligence, and either recommend a course of action to an analyst or automate the required preventative actions. Services holds the largest portion in this segmentation. Various services which are involved in this segment are professional services, consulting services, training and education, support and maintenance and managed service. Another type of component segment in security orchestration is Solution whose motive is to provide the solution to the organization related to business, operations, management tec. Few examples of Solution is ERP, MIS etc.

Application Segment Analysis Preview

Threat Intelligence in the cyber world is expected to grow at phenomenal rate during the forecast period. Threat intelligence systems gather and interpret data about current and evolving threat vectors from a variety of sources to provide feeds and analyses that can be accessed by a variety of safety control solutions. The ability to imbibe Threat Intelligence and implement Security Orchestration will help organizations move away from an investigative and reactionary approach to responding to threats, allowing security operations teams to react in real time, utilizing iterators from attack campaigns early in the kill chain, rather than after a breach has occurred. Network Forensics, ticketing solutions, compliance management and Others forms the application segment.

Deployment Mode Segment Analysis Preview

The cloud-based deployment model holds the largest share in market. This is attributable to the fact of growing demand of defending the organizations, countries and government against the advanced cumbersome cyber-attacks. On-premises holds the second largest portion in the segment.

Organization Size Segment Analysis Preview

The SME segment is expected to grow at the highest CAGR during the forecast period. This is attributable to the fact of increased cyber-attacks across the globe. SMEs are limited in scale but serve a wide number of customers around the world. Because of their financial limitations, SMEs do not incorporate robust and detailed security solutions. However, Large Enterprise holds the highest share of the security as a service market in 2020.

Industry Vertical Segment Analysis Preview

The Banking, Financial Services, & Insurance (BFSI) vertical is expected to grow at the highest CAGR of 24.7% during the forecast period. Because BFSI industry is constantly upgrading its transaction and processing technologies, it requires end-to-end security solutions to optimize operations against external and internal threats. IT and Telecom vertical is estimated to have the largest market size in 2020. Healthcare, Government and Defense, IT and Telecom, Energy and Utilities, Manufacturing and others form the Vertical segment.

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Security Orchestration Market: Regional Analysis Preview

North American region holds the largest revenue generation in 2020. In this region, there is a growing availability of cost-effective cloud-based security orchestration solutions, as well as an increase in sophisticated cyber-attacks. The market is expected to grow due to factors such as growing end-user industries, government spending on critical and important infrastructure, and a well-established R&D center, as well as the demand for cutting-edge security technology across the region.

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Asia Pacific is projected to grow at a CAGR of over 14.2% during the forecast period. This is attributed to presence of IBM Corporation, FireEye, Inc., Cisco Systems, Inc., Palo Alto Networks, Inc. (Demisto, Inc.), Rapid7, Inc., Splunk, Inc., Swimlane LLC, ThreatConnect, Inc.,LogRhythm, Inc. and Tufin, Inc. China, Japan, India are investing huge amount of money in order to protect themselves from the cyber-attacks. They are building IT Infrastructures, hiring cyber experts (both black hat and white hat hackers along with grey hat hackers too).

Security Orchestration Market: Key Players & Competitive Landscape

Some of key players in security orchestration market are Cisco Systems, Inc., Cybersponse, Inc., Intel Security, Swimlane LLC, IBM Corporation, Phantom Cyber Corporation, Huawei Technologies Co. Ltd., Hexadite, Tufin, Fireeye, Inc., among others.

These reputed companies provide the safety and security from the cyber-attack. There has been recent advancements in the industry. Few of them include Swimlane announcing the introduction of its Channel Program and Technical Alliances Program in April 2019. SOAR is also available on Linux, with Docker and Kubernetes support, making for a more DevSecOps-like approach to cybersecurity.

In another recent advancement happened in 2019 RSA NetWitness Platform, the latest iteration of its market-leading SIEM, features machine learning algorithms focused on deep endpoint insights to quickly spot deviations in consumer activity and discover emerging risks.

The global security Orchestration market is segmented as follows:

By Component

• Solution
• Services
• Others

By Application

• Threat intelligence
• Network Forensics
• Others

By Deployment Mode 

• Cloud
• On-premises

By Organization SIze

• SMEs
• Large Enterprises

By Industry Vertical

• BFSI
• Energy and Utilities
• Government
•  Healthcare
•  Retail
• IT and Telecom
•  Others

By Region

• North America
  • The U.S.
  • Canada
• Europe
  • France
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa