Security Orchestration Automation and Response (SOAR) Market: A Closer Look at the Projected US$ 3.8 Billion Growth by 2032

The security orchestration automation and response (SOAR) market is projected to grow steadily at a Compound Annual Growth Rate (CAGR) of 10.9% until 2032. This growth is expected to take the market from a value of US$ 1.3 billion in 2022 to US$ 3.8 billion in 2032. One of the key driving factors behind this expansion is the increasing number of false alarms or warnings. This trend is significantly influencing the future direction of the SOAR market.

Cyber security firms provide security orchestration automation and response as a platform or a solution. Organizations may use the platform to collect data and respond to security activities from a single system, thereby increasing the security orchestration automation and response market opportunities.

The security orchestration automation and response market enables diverse solutions to work together and automate tasks across products via workflows while yet allowing for human interaction. To manage security warnings and prevent additional assaults, these systems are implemented in public and private businesses.

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Organizations are embracing security services to manage mounting risks in a constantly shifting threat landscape as cyber-attack vectors get more sophisticated, hence escalating security orchestration automation and response market growth and security orchestration automation and response market opportunities.

The United States area of security orchestration automation and response market has stable and well-established economies, continent's recovery outpacing the rest of the world allowing it to invest heavily in R&D and contribute to the development of new security orchestration and automation technologies.

The presence of legacy players is projected to be a primary driver of security orchestration automation and response market expansion in United States. With the right injection of capital, we can expect legacy players to accelerate efforts to capture more of the security orchestration automation and response market.

Key Takeaways from the Security Orchestration Automation and Response (SOAR) Market Report:

In the United States, the security orchestration automation and response market is estimated to reach US$ 1.3 Billion by 2032, increasing at a CAGR of 10.7% through 2032.
The security orchestration automation and response market in the United Kingdom is expected to be worth US$ 154.2 million by 2032, with a CAGR of 9.8% through 2032.
The security orchestration automation and response market's services segment form the component category is predicted to develop at a CAGR of 10.4% through 2032.
Through 2032, Threat Intelligence in the security orchestration automation and response market's application sector will grow at a CAGR of 10.1%.
China's security orchestration automation and response market is expected to reach US$ 275.2 million by 2032, with a CAGR of 10.2% through 2032.
The market for security orchestration automation and response in Japan is expected to be valued at US$ 221.9 million by 2032, expanding at a 9.2% annual rate through 2032.
South Korea is expected to reach a market size of US$ 136.7 million in security orchestration automation and response by 2032, with a CAGR of 8.6% through 2032.

Leading Key Players:

IBM
FireEye
Cisco Systems, Inc
Rapid7
Splunk Inc.
Swimlane, LLC
Tufin
ThreatConnect
DFLabs
Exabeam

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Security Orchestration Automation and Response (SOAR) Market Segmentation:

By Component:

Solution
Services

By Organisation Size:

Small & Medium Enterprises
Large Enterprises
By Deployment Mode
Cloud
On-Premises

By Application:

Threat Intelligence
Network Forensics
Incident Management
Compliance Management
Workflow Management
Others

By Vertical:

BFSI
Government
Energy & Utilities
Healthcare
Retail
IT & Telecom
Others

By Region:

North America
Latin America
Europe
Asia Pacific
Middle East and Africa (MEA)

Nandini Singh Sawlani

Future Market Insights Inc.
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This release was published on openPR.