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Security Orchestration Market is Growing at a CAGR of 28.8% During 2018-2027 | CyberSponse, DFLabs, FireEye, Microsoft Corporation, Tufin, Phantom Cyber Corporation, and Swimlane

03-06-2019 10:56 AM CET | IT, New Media & Software

Press release from: The Insight Partners

Security Orchestration Market to 2027

Security Orchestration Market to 2027

Security orchestration are the tools for integrating security and non-security devices and automated the handling of the task in a machine-based security application. Vendors offer a wide range of security orchestration solution for organizations to detect suspicious activity and facilitate administrator with a quick and appropriate response. The nature of cyber security has changed rapidly with the rise in the cloud and mobile computing. The company's devices and data are scattered to the different endpoints as their employees work in an office as well as from different locations, on mobile devices, on personal laptops and computers. On the basis of verticals, the global security orchestration market is categorized into government, BFSI, IT & Telecom, manufacturing, healthcare & pharmaceuticals, and others.

Increasing number of cyber-attacks coupled with growing trend of internet and mobile banking has resulted in adoption of better security solutions by the BFSI sector including security orchestration

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The global security orchestration has witnessed a significant number of new companies entering the market owing to the presence of high demand and supply gap. Further, the presence of various companies with limited customer base focusing on niche market has resulted in a highly fragmented nature of the market. Currently, some of the companies operating in the market are CyberSponse, Inc., DFLabs S.p.A., FireEye, Inc., Microsoft Corporation (Hexadite), Tufin, Demisto, Inc., Siemplify Ltd., Phantom Cyber Corporation (Splunk Inc.), Cyberbit Ltd. and Swimlane LLC among others.

The global security orchestration market was valued at US$ 0.84 Bn in 2018 and is expected to reach US$ 7.7 Bn by 2027 with an attractive CAGR growth rate of 28.8% in the forecast period.

The security orchestration market by function is dominated by the ticketing solution in 2018 however, the end-point security segment is expected to gain market share during the forecast period. The end-point security in security orchestration provides pre and post incident investigation, prevents data breaches in real time, and automatically orchestrate incident investigations and response. It provides orchestration, detection, investigation, remediation, prevention, and management console. The global security orchestration market was valued at US$ 0.84 Bn in 2018 and is expected to reach US$ 7.7 Bn by 2027 with an attractive CAGR growth rate of 28.8% in the forecast period.

The report segments the global security orchestration material market as follows:

Global Security Orchestration Market - By Component

- Software
- Services
- Professional Service
- Managed Service

Global Security orchestration Market - By Deployment Type

- On-Premise
- Cloud

Global Security Orchestration Market - By Function

- Network Security
- Threat Intelligence
- Compliance Management
- Ticketing Solution
- End-point Security
- Others

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Global Security Orchestration Market - By Enterprise Type

- Small & Medium Scaled
- Large Scaled

Global Security Orchestration Market - By End-user

- Government
- IT & Telecom
- Manufacturing
- Healthcare & Pharmaceuticals
- Others

About Us:
The Insight Partners is a one stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We are a specialist in Technology, Healthcare, Manufacturing, Automotive and Defense.

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