openPR Logo
Press release

Security Orchestration Automation and Response (SOAR) Market may reach to $1,791 million by 2024

01-12-2022 10:33 AM CET | IT, New Media & Software

Press release from: MarketsandMarkets™

Security Orchestration Automation and Response (SOAR) Market

Security Orchestration Automation and Response (SOAR) Market

According to a new market research report "Security Orchestration Automation and Response (SOAR) Market by Solutions, Services (Professional Services, Managed Services), Application, Deployment Mode (On-premises, Cloud), Organization Size, Vertical, and Region - Global Forecast to 2024" published by MarketsandMarkets™, the SOAR market size projected to grow from USD 868 million in 2019 to USD 1,791 million by 2024, at a CAGR of 15.6% from 2019 to 2024. The major drivers for the market include the rising need for compliance and enable a centralized view on threats.

Browse 48 market data Tables and 29 Figures spread through 124 Pages and in-depth TOC on "Security Orchestration Automation and Response (SOAR) Market"
View detailed Table of Content here - https://www.marketsandmarkets.com/Market-Reports/security-orchestration-automation-response-market-176584778.html

Based on organization size, the large enterprises segment is estimated to lead the market in 2019.

Large enterprises are defined as business entities with over 1,000 employees. Cyber attackers steal large sums of money from large enterprises and often these attacks happen over long periods of time. In 2017, the NotPetya cyberattack spread from Ukraine and severely affected the Danish company, A.P. Møller-Mærsk, the world’s largest container shipping company, causing a loss of USD 200-300 million. Similar losses were faced by Merck & Co., one of the largest pharmaceutical companies in the world. It was estimated that NotPetya suffered damages of over USD 10 billion. As large enterprises are often spread across many countries, and across many units, they require a central approach to visualize all threats and avoid errors that might occur through manual intervention. SOAR solutions provide the required solutions which can orchestrate all the processes and solutions and offers a combined effort by man and machine to remediate threats.

Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=176584778

Based on vertical, the healthcare sector is projected to grow at the highest CAGR during the forecast period

The healthcare vertical covers information on personal health and critical data of patients. Data security is, therefore, of utmost importance to healthcare organizations. These organizations face several security challenges while maintaining the privacy of Electronic Health Records (EHR) and other related information. Moreover, due to highly proliferated digital medical devices, network management has become essential to save devices from malicious attacks. Additionally, with the adoption of technologies, such as BYOD and centralized information on patients, the healthcare vertical has become susceptible to advanced cyberattacks. Security orchestration solutions protect healthcare applications and data against vulnerabilities. Increased government regulations, such as the Health Insurance Portability and Accountability Act (HIPAA) compliance, have also resulted in the rapid adoption of SOAR solutions in the healthcare sector. The regulatory standards help in securing sensitive data, protecting identities by providing digital signatures, securing network gateways, and encrypting databases.

North America is projected to lead the market during the forecast period

The North American region has sustainable and well-established economies, which empower these to invest significantly in R&D activities, thereby contributing to the development of new technologies in SOAR. The presence of a majority of key players is expected to be the major factor driving the growth of the market in this region. Key players, such as IBM Corporation (US), FireEye (US), Cisco Systems Inc. (US), Rapid7 (US), Splunk Inc. (US), Swimlane LLC (US), and Tufin (US), along with several start-ups in the region are offering SOAR solutions & services to cater the needs of customers.

Market Players

The major vendors covered in the SOAR market include 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), and Exabeam (US).

Speak to Research Expert @ https://www.marketsandmarkets.com/speaktoanalystNew.asp?id=176584778

Contact:
Mr. Aashish Mehra
MarketsandMarkets™ INC
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA: +1-888-600-6441
Email: sales@marketsandmarkets.com
Visit Our Website: https://www.marketsandmarkets.com
Content Source: https://www.marketsandmarkets.com/PressReleases/security-orchestration-automation-response.asp

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies' revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets's flagship competitive intelligence and market research platform, "Knowledge Store" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Security Orchestration Automation and Response (SOAR) Market may reach to $1,791 million by 2024 here

News-ID: 2524549 • Views: 118

More Releases from MarketsandMarkets™

Smart Space Market predicted to gain $15.3 billion by 2025
According to a new market research report "Smart Space Market by Component (Solutions and Services (professional & managed)), Application (Energy Optimization and Management, Emergency Management, & Security Management), Premises Type (Commercial, Residential), and Region - Global Forecast to 2025" published by MarketsandMarkets™, the market size projected to grow from USD 9.4 billion in 2020 to USD 15.3 billion by 2025, at a Compound Annual Growth Rate (CAGR) of 10.2% during
Transportation Management System (TMS) Market predicted to gain $17.8 billion by …
According to a new market research report "Transportation Management System (TMS) Market by Component (Solutions and Services), Transportation Mode (Roadways, Railways, Airways, and Maritime), Deployment Type (On-premises and Cloud), Organization Size, Vertical, and Region - Global Forecast to 2025" published by MarketsandMarkets™, the market size expected to grow from USD 7.7 billion in 2020 to USD 17.8 billion by 2025, at a Compound Annual Growth Rate (CAGR) of 18.2% during
Cloud ITSM Market expected to gain $12.2 billion by 2025
According to a new market research report "Cloud ITSM Market by Components ( Solutions (Service Portfolio Management, Configuration & Change Management, Service Desk Software) And Services), Vertical (BFSI, IT & ITeS, Retail & Consumer Goods), Organization Size, and Region - Global Forecast to 2025" published by MarketsandMarkets™, the Cloud ITSM market size expected to grow from USD 4.7 billion in 2020 to USD 12.2 billion by 2025, at a Compound
Facial Recognition Market predicted to gain $8.5 billion by 2025
According to a new market research report "Facial Recognition Market by Component (Software Tools (3D Facial Recognition) and Services), Application (Law Enforcement, Access Control, Emotion Recognition), Vertical (BFSI, Government and Defense, Automotive), and Region - Global Forecast to 2025" published by MarketsandMarkets™ , the post-COVID-19 Facial recognition market size expected to grow from USD 3.8 billion in 2020 to USD 8.5 billion by 2025, at a Compound Annual Growth Rate

All 5 Releases


More Releases for SOAR

eSIM Market Estimated to Soar Higher During 2018-2027
Global eSIM Market: Overview With the constant evolution of smart connected devices in every industry vertical, the need for centralized manageable network-connected devices is rising rapidly. For managing devices, the need for remote connectivity is increasing. For sustaining this requirement, the number of manufacturers of smart devices is increasing rapidly. eSIMs are becoming increasingly popular, as they allow users to manage all connected devices, including cars, mobile phones, wearables, medical devices,
Teeth Whitening Strips Market Estimated to Soar Higher By 2027
Made out of a chemical called polyethylene, teeth whitening strips as the name suggests, are used to give whitening effect to the teeth. These strips work in the same way like bleach that whiten skin or clothes. These strips are flexible and typically coated with a gel that gives whitening effect with the help of carbamide and hydrogen peroxide which are the main contents of teeth whitening strips. The user
Fissure Sealants Market Estimated to Soar Higher By 2028
Fissure Sealants is an innovative advance process to protect teeth from various bacteria and food stuff which can be stuck in tiny grooves of teeth can cause cavity and teeth related problems. Teeth is the main part of the body for food breaking and digestion of food. The protective layer is applied on the teeth which a plastic coat which protect the teeth from cavity and other infection related to
Neurological Biomarkers Market Estimated to Soar Higher During 2017 - 2025
Biomarkers are biological markers which measure the biological states. It is used for indicating the normal biological and pathogenic process to a therapeutic intervention. These biomarkers can also be used in combination to access disease state of an individual. Scientists are exploring more about the structural and functional differences of the neurological diseases. Moreover, there has been an increase in biobanks which have help address unmet needs in oncology, neuroscience,
Acrylic Emulsions Market Estimated to Soar Higher During 2017 - 2027
Acrylic are the esters of acrylic acid and are formed from the reaction between acrylic acid and alcohol whereas emulsion are the colloidal suspension of a fluid in another fluid primarily in oil and water. Pure acrylic emulsions are broadly used in the preparation of a number of end-use products. Which includes architectural coatings, building materials, industrial coatings, glass-fiber secondary binders for tissues and veils. Water borne acrylic emulsions creates
Bamboos Market to Soar at 10.6% CAGR Through 2027
Through innovative technologies, specific species of bamboos have gained applicability in production of beverages, which include popular drinks such as beers and teas. In Latin America, demand for bamboos is rising on the account of such breakthrough applications. Bamboos are no longer restrained to the image of being key resources and raw materials in paper-making and construction & building industry. Cultivation of bamboos is easy and quite profitable, grabbing the