Security orchestration enables security teams to quickly apply context by drawing relevant data from numerous sources and enriching alerts received. It also helps incident response teams to facilitate alert triage, analytics, security incident investigation, and threat intelligence for more strategic decision-making.
Statistics:
The global Security Orchestration Market is estimated to account for US$ 2539.96 Mn in terms of value by the end of 2022.
Drivers:
The rising trend of automated security operations for seamless workflow in various companies is likely to increase. This further expected to propel the growth of the security orchestration market. The velocity at which attacks transpire is also another factor that is predicted to drive the growth of the global security orchestration market.
Opportunity:
The key players’ rising investments and mergers & acquisitions to secure against cyber-attacks are increasing. This is anticipated to provide growth opportunities for the global security orchestration market during the forecast period.
Recent Development:
In February 2020, Cisco announced an IoT security orchestration architecture that offers the improved visibility over the gathering and the extraction of the data from the internet of things edge. So that companies can enhance effectiveness to make the better business decisions and elevate their digitalization projects.
Restraint:
Many companies globally are addressing the problem, such as increase in their investments in cybersecurity training for employees. It is the most crucial step in increasing cyber threat understanding among experts to incorporate and deploy appropriate products and techniques to mitigate threats. This is expected to hinder the growth of the global security orchestration market
Global Security Orchestration Market - Impact of Coronavirus (Covid-19) Pandemic
The Covid-19 outbreak had led to an adverse effect on the growth of the global security orchestration market as the security tools and the methods are being vastly adopted and the industries deploying the work availability amidst the shutdown spamming the e-mails are obstructed by the organization daily on an average basis.
To know the latest trends and insights prevalent in this market, click the link below:
https://www.coherentmarketinsights.com/market-insight/security-orchestration-market-5128
Key Takeaways:
The global security orchestration 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 CARG of 18.3% between 2022 and 2030.
Software Segment held the dominant position in the global security orchestration market in 2021, accounting for 68.12% share in terms of value, increasing approval and launch of new products is expected to propel the growth of the segment during the forecast period.
Key Trends/Takeaways:
Trend 1:
A survey also advised that the spending in the dedicated automation tools and devices integrate it with their present capabilities to develop them indoor. The possibility of growing them in houses have reduced by 5% in the year 2020. And the adoption of the dedicated automation has elevated by 12% in 2020.
Trend 2:
The security orchestration is also being utilized to advance the next cohort firewall, which is a developed version of the traditional firewall, having the vast abilities, an advantage of the NGFWs is very rapid threat identification from the days to very less seconds. Additionally it offers an integrated IPS endlessly to operate with other devices to obstruct the malware from coming into a network.
Competitive Landscape:
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.
