Security Orchestration Market Report 2023: Globally Trends, Top Key Players Growth and Forecast 2028

Mar 06, 2023

The latest research study "Security Orchestration Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028" by IMARC Group, finds that the global security orchestration market size reached US$ 2.8 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 7.0 Billion by 2028, exhibiting a growth rate (CAGR) of 16.1% during 2023-2028.

Security orchestration refers to a process that involves integrating a fragmented ecosystem of security operation center (SOC) technologies and processes to automate tasks for efficient security operations. It includes various cybersecurity tools for preventing, detecting, and addressing threats. It allows security teams to quickly apply context by collecting relevant information from multiple sources and enhancing incoming alerts. It helps incident response teams facilitate analytics, security incident investigation, threat intelligence, alert triage, and threat management for more strategic decision-making. As a result, security orchestration finds extensive applications in the energy and utilities, retail, information technology (IT), telecommunication, government, healthcare, and banking, financial services, and insurance (BFSI) sectors.

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Security Orchestration Market Trends and Drivers:

The global security orchestration market is primarily driven by the rising security breaches across numerous organizations due to the growing adoption of bring-your-own-device (BYOD) in medium and small businesses. Moreover, there is a surge in the use of security orchestration to provide advanced security for crucial business applications in the telecommunications industry.

In line with this, the highly critical technological environment owing to the increasing data-on-demand generation across data centers has augmented product demand. Additionally, the easy availability of affordable cloud-based security orchestration is positively influencing market growth. Besides this, the rising investments in network infrastructures by governments of numerous countries have catalyzed market growth.

Furthermore, the increasing use of security orchestration to boost security operations thresholds of various enterprises is contributing to market growth. Other factors, ongoing research and development (R&D) activities, frequent changes in network infrastructures, and growing network complexity, are also anticipated to drive the market further.

Global Security Orchestration Market 2023-2028 Analysis and Segmentation:

Competitive Landscape:

The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.

Acalvio Technologies Inc., Accenture plc, Amazon Web Services Inc. (Amazon.com Inc.), Cisco Systems Inc., Cyberbit (Elbit Systems), Exabeam Inc., Forescout Technologies Inc., International Business Machines Corporation, Optiv Security Inc., Palo Alto Networks Inc., Swimlane Inc. and Tufin.

The report has segmented the market on the basis of region, type, deployment mode, organization size, application and end use industry.

Breakup by Type:

Breakup by Deployment Mode:

Breakup by Organization Size:

Breakup by Application:

Breakup by End Use Industry:

Breakup by Region:

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Key highlights of the report:

If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.

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