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15.6% Growth Rate for Security Orchestration Automation and Response (SOAR) Market by 2024 | Overview, Top Technologies, Key Insights and Company Profiles
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The Security Orchestration Automation and Response (SOAR) Market is projected to grow from US$ 868 Million in 2019 to US$ 1,791 Million by 2024, at a CAGR of 15.6% from 2019 to 2024. This spread across 124 pages, profiling 16 companies and supported with 48 tables and 29 figures is now available in this research.
Top Companies profiled Security Orchestration Automation and Response (SOAR) Market:
• IBM Corporation (US)
• FireEye (US)
• Cisco Systems Inc. (US)
• Rapid7 (US)
• Splunk Inc. (US)
• Swimlane LLC (US)
• Tufin (US)
• ThreatConnect (US)
• Demisto (Palo Alto Networks) (US)
• DFLabs (Italy)
• LogRhythm (US)
• Siemplify (US)
• Resolve Systems (US)
• CyberSponse (US)
• Exabeam (US)
SOAR technology is offered as a platform or as a tool by cyber security solution vendors. Companies of all sizes and industries are migrating to cloud due to the lower cost and features, such as enhanced security, 24/7 support and maintenance, scalability, and speed. With the entire ecosystem shiftingto the cloud from on-premises legacy methods, organizations are taking advantage of cloud security platforms, such as SOAR to visualize threats in a centralized manner and make collective efforts to remediate attacks. Organizations suffer from shortageofstaff for security operations.
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An incident signifies an unexpected occurrence of an undesirable event which may cause or has the potential to cause major damage to business operations. SOAR solutions for incident management mechanize and rationalize the incident management processes, empowering businesses to identify, supervise, and design resolution plans for security threats or incidents in real-time. Additionally, they record events, track investigations, and report on incidents.
Study Objectives:
• To determine and forecast the global Security Orchestration Automation and Response (SOAR) market by component, application, organization size, deployment mode, vertical, and region from 2019 to 2024, and analyze the various macroeconomic and microeconomic factors that affect market growth
• To forecast the size of the market segments with respect to 5 main regions, namely, North America, Europe, Asia Pacific (APAC), Middle East & Africa (MEA), and Latin America
• To analyze each submarket with respect to individual growth trends, prospects, and contributions to the overall market
• To provide detailed information about the major factors (drivers, restraints, opportunities, and challenges) influencing the growth of the market
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Competitive Landscape of Security Orchestration Automation and Response (SOAR) Market:
1 Competitive Leadership Mapping
1.1 Visionary Leaders
1.2 Innovators
1.3 Dynamic Differentiators
1.4 Emerging Companies
2 Competitive Scenario
2.1 Partnerships, Agreements, and Collaborations
2.2 New Product Launches/Product Enhancements
2.3 Mergers & Acquisitions
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