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
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
- Professional Service
- Managed Service
Global Security orchestration Market - By Deployment Type
Global Security Orchestration Market - By Function
- Network Security
- Threat Intelligence
- Compliance Management
- Ticketing Solution
- End-point Security
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Global Security Orchestration Market - By Enterprise Type
- Small & Medium Scaled
- Large Scaled
Global Security Orchestration Market - By End-user
- IT & Telecom
- Healthcare & Pharmaceuticals
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