Security orchestration is a process of connecting the security tools and then combining the disparate security processes. It is the linked layer that pipelines the security systems and then power the security automation. The sheer volume of the resulting output generated from the present security tools.
The security orchestration market was valued at US$ 2271.47 Mn in 2021 and is forecast to reach a value of US$ 9723.60 Mn by 2030 at a CAGR of 18.3% between 2022 and 2030.
Figure 1: Global Security Orchestration Market Value (US$ Mn) Analysis and Forecast, 2017 - 2030
North America held a dominant position in the Global Security Orchestration Market Share in 2021
North America held dominant position in the Global Security Orchestration Market in 2021, accounting for 34.2% share in terms of volume.
Figure 2: Global Security Orchestration Market Share (%), By Region, 2021
In March 2020, TUFIN SOFTWARE TECHNOLOGIES LTD. declared the Tufin21-1 which comprises several features that are dependent upon the request of the customer. The novel version also offers visibility into the multi-vendor user ID NGFW schemes, where it allows LDAP user groups to perform the traffic simulation queries and the set schemes.
In February 2020, Cisco declared a cloud native security platform combining the visibility over its assortment and the user infrastructure, permitting the automated security work flow and in it is inoculation managed risk hunting abilities. As per Cisco, it is the widest, and most combined cloud-native security platform in the presence.
|Base Year:||2021||Market Size in 2021:||US$ 2271.47 Mn|
|Historical Data for:||2017 to 2020||Forecast Period:||2022 to 2030|
|Forecast Period 2022 to 2030 CAGR:||18.3 %||2030 Value Projection:||US$ 9723.60 Mn|
IBM Corporation, DFLabs SpA, DXC Technology Company, SIRP Lab Ltd, Tufin Software Technologies Ltd, Forescout Technologies Inc., Cisco System Inc., FireEye Inc., Palo Alto Networks Inc., Swimlane LLC, Siemplify Ltd, RSA Security LLC, Rapid7 Inc., and Accenture PLC
|Restraints & Challenges:||
With the rising cyberspace, the security orchestration also requires to be evolved consistently to assist the quest for rising visibility in to the risks and their quick analysis. Hence, for a security orchestration, automation of the system is quite a requisite, where it can be used to various verticals such as automated workflow, incident research and the risky responses.
Furthermore, increasing need for the automated security operations is rising owing to the expanded volume, velocity and the severity of the cyberattacks. The severity of the cyberattacks is often above the reach of the human being or the security orchestration analyst to gain, visualize, calculate and then analyze and understand the links.
The absence of perception regarding the cyberattacks and the data breaches amidst the experts is one of the main reason that the organizations and the companies over the globe are still being the victims of these cyberattacks which is anticipated to hinder the growth of the global security orchestration market.
It is advocated that one of the main weakness is the preventive steps that had been the absence of the perception regarding the cyber security risks amidst the users. For example, the Riviera Beach problem that took place currently was an accidental opening of an attachment in an e-mail which caused the spread of attack.
The security orchestration market is anticipated to be driven by the creation and expenditure by the organizations during the forecast duration. Various organizations came into the strategic collaboration and acquirements to compliment the firm. For instance, in 2020, Rapid7 adopted Divvy Cloud Corporation is one of the head in the cloud security posture management for around US$ 145 million.
Californian security company sumo logic declared their acquirement of the DfLabs in a move to complement the firm’s SIEM assortment. The acquisition of the SOAR software offeror DfLabs is slated to increase Sumo Logics cloud security providing and decrease or eliminate error-prone manual tasks and then elevate threat identification, analysis, incident answers and then forensic investigation.
Market Key Takeaways/Trends:
Swimlane LLC also declared the acquirement of the Security Corporation in the year 2020, an industry aimed on the security incident response and the case management. Hence this anticipated to step up the organizations development and expand the aim on the security automation for operations teams. This permits the customer of the security to avail the industries customer experience team with the larger body to be shared data, use the incidences and deeper integration and combine the relationships.
The market survey is advocating the collaboration to leverage the rising need over the forecast period. For instance, in 2020, The Forescout technologies declared the increase of its companion to make a cohesive infrastructure for screening and then mitigating risks and rising threats over the IT and OT surroundings.
Major companies operating the global security orchestration are IBM Corporation, DFLabs SpA, DXC Technology Company, SIRP Lab Ltd, Tufin Software Technologies Ltd, Forescout Technologies Inc., Cisco System Inc., FireEye Inc., Palo Alto Networks Inc., Swimlane LLC, Siemplify Ltd, RSA Security LLC, Rapid7 Inc., and Accenture PLC.
A security orchestration solution connects the tools, processes, systems together and permitting them to leverage the automation as required and avail much value out of the people, tools and the processes. Furthermore, the security orchestrations can ignore the slow, manual processes and can also replace them.
The volume of the cyberattacks and the security events that are counter attacked everyday by the security operation centers constantly expand. All these are fueling the trend of the automation in the security operation endlessly for the workflow which is anticipated to boost the growth of the global security orchestration market.
Several industries over the globe are taking decisions for the required steps to be taken to counter this perception and are starting to rise the expenditure in the cybersecurity training for the employees as it is known as the very important step that is rising in the cyber risks perception amidst the professionals.
There are several methods being tested with the accessibility to monitor that deals with the user and the entity behavior analytics. The function of the UEBA is to identify and flag the abnormal behaviors amidst the users. It is not only to monitor the user activities however, it is also their usage applications and the networks.
Key features of the study: