Security Orchestration Market is expected to Grow at a Robust CAGR of 28.8% between 2018-2027 | Leading Players CyberSponse, DFLabs, FireEye, Microsoft, Tufin and Cyberbit

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.

Europe is the leading geographic segment in the security orchestration market and also, anticipated to be the highest revenue contributor throughout the forecast period, among the other geographies. By 2020 the region’s economic growth and competitiveness are expected to spur as the penetration of smart systems in its major social and economic sectors including, energy, transportation, public service, and healthcare will approach stability in the market. Furthermore, the pertained development and operation of these smart infrastructure is expected to subsequently contribute to evolved growth and employment of cyber-security measures.

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Market Insights

Increase in number of cyber security threats coupled with stringent data security regulations by government agencies to boost the security orchestration market growth

Globally the number of number of connected devices has gained substantial volume which has led to unprecedented surge in data being generated daily. Subsequently, the cyber security threats have also risen in the past few years leading to efficient management and containment of the vulnerabilities across the entire organization. Moreover, in recent light of mass breach of data privacy coupled with growing awareness of cyber security awareness has influenced the government agencies into taking steps to ensure the cyber security compliances across different industry verticals. As a result, the global spending towards cyber security has gained significant momentum especially in the past few years.

Growing number of alerts and incident response volume

The significant surge in number of connected devices coupled with growing number of internet users and low internet prices has witnessed unprecedented volume of data being generated daily. Moreover, the presence of large scaled networks and end-points creates a room for numerous potential vulnerabilities that require the attention of the security professionals and cyber security experts. As a result, the volume of alerts and events notification has risen significantly, which can be really challenging for the individuals.

End-user Insights

The global security orchestration market by end-user was led by BFSI sector. Banking, financial services, and insurance (BFSI) industries are more exposed to cyber-attacks due to the presence of huge financial and personal data of customers. In this sector, a high amount of sensitive data is generated and exchanged every day. There is growing volume and creation of endpoints and mobile devices in banks, credit card companies, and credit reporting institutions, thus, it becomes important for these industry verticals to secure their customer data. Currently, mobile service is the fundamental of banking for their employees, agents, and customers. Many of the cyber attackers are motivated by financial gain. Hence, BFSI industries are more inclined towards the adoption of security solution for the protection from malware and integrated app protection.

Function Insights

The security orchestration market by function is segmented into network security, threat intelligence, compliance management, ticketing solution, end-point security, and others. The end-point security is anticipated to lead the security orchestration market in 2027. The end-point security in security orchestration provides pre and post analysis of attacks, prevents data breaches in real time, and automatically orchestrate incident investigations and response. It provides orchestration, detection, investigation, remediation, prevention, and management console.

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Strategic Insights

The players present in security orchestration market are mainly focusing towards product enhancements. By signing partnership, contracts, joint ventures, funding, and inaugurating new offices across the world permit the company maintain its brand name globally. Most of the initiative in security orchestration market were observed in North America and Europe regions, which have high density of orchestration related solutions. Few of the recent developments are listed below:

2019: CyberSponse announced integration of CyOPs SOAR platform with Polarity Memory Augmentation Platform. The integration is anticipated to help users to execute and escalate security orchestration and automation playbooks right from within Polarity.

2018: Oracle NetSuite announced series of new innovations to empower new business users and help the organizations to grow their revenues, expand the business with use of new commerce, financial management and analytics capabilities.

2018: Microsoft released an update for Windows Defender Advanced Threat Protection (ATP) that is expected to offer a quick response time during an attack. The new version includes features like advanced threat hunting, more powerful post-breach detection and response, and enhanced automation tools among other features.

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

Global Security Orchestration Market – By Enterprise Type

- Small & Medium Scaled
- Large Scaled

Global Security Orchestration Market – By End-user

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

Company Profiles

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

Reason to Buy

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- Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
- Scrutinize in-depth global market trends and outlook coupled with the factors driving the market, as well as those hindering it.
- Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to products, segmentation and industry verticals.

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