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Security Orchestration Market to 2027 - CyberSponse, Inc., DFLabs S.p.A., FireEye, Inc., Microsoft Corporation (Hexadite), Tufin, Phantom Cyber Corporation (Splunk Inc.), Demisto, Inc., Siemplify Ltd., Cyberbit Ltd. and Swimlane LLC

03-29-2019 09:42 AM CET | Media & Telecommunications

Press release from: The Insight Partners

Security Orchestration Market

Security Orchestration Market

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 growing popularity of connected devices coupled with increasing scope of application of IoT enabled products and services has boosted the volume of data being generated globally. Moreover, simultaneously the number of potential vulnerabilities and large scale cyber-attacks has also risen in the past few years. As a result, the cyber security continues to gain significance among leading enterprise and subsequently driving the demand for efficient and robust cyber security solutions for their organization.

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Factors such as increasing number of large cyber security threats coupled with stringent cyber security legislation and regulations are the major factors driving the growth of cyber security based solutions. Moreover, the growing popularity of automation and adoption of AI enabled solutions especially among large enterprise owners is also expected to have profound and positive influence over the growth of the security orchestration market in the coming years. The increasing demand for automated incident response and use of AI enabled solutions is also expected to drive the market growth in the coming years. Thus, the market is poised to provide numerous profitable opportunities for the market players in the coming years.

The overall security orchestration market size has been derived using both primary and secondary source. The research process begins with exhaustive secondary research using internal and external sources to obtain qualitative and quantitative information related to the security orchestration market. It also provides the overview and forecast for the global security orchestration market based on all the segmentation provided with respect to five major reasons such as North America, Europe, Asia-Pacific, Middle East & Africa, and South America.

The global security orchestration market has witnessed substantial growth in the past few years owing to unprecedented investment focused towards minimizing enterprise exposure towards cyber threats and automation of low-level threats alerts and notification. Also, the continuous investment towards leveraging the benefits of Artificial Intelligence and Machine Learning towards facilitating efficient incident management and automated response has fueled the market growth especially among developed economies such as North America and Europe. Whereas among emerging economies in Asia-Pacific and Middle East & Africa regions the growing end-user industries coupled along with the government expenditure towards critical and important infrastructure is expected to drive the market growth in these regions.

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The participants who typically take part in such a process include industry expert such as VPs, business development managers, market intelligence managers, and national sales managers, and external consultants such as valuation experts, research analysts, and key opinion leaders specializing in the Security orchestration industry. Some of the players present in the security orchestration market are CyberSponse, Inc., DFLabs S.p.A., FireEye, Inc., Microsoft Corporation (Hexadite), Tufin, Phantom Cyber Corporation (Splunk Inc.), Demisto, Inc., Siemplify Ltd., Cyberbit Ltd. and Swimlane LLC among 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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Email: sales@theinsightpartners.com
Web: https://www.theinsightpartners.com/

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