Security Orchestration Automation and Response (SOAR) Market Global Trends, Key Players, Industry Analysis and Forecast to 2031

The global security orchestration automation and response (SOAR) market is anticipated to grow at a significant CAGR during the forecast period (2024-2031). SOAR is a solution offered by cybersecurity vendors. It empowers organizations to collect information from multiple sources and react to security operations from a solitary unit. The execution of these platforms is done in private or public organizations to oversee security alerts and to reduce further cyberattacks. As the refinement level in cyberattacks vector is rising at a significant rate, various organizations are implementing security services to address increasing risk in a persistently elevating threats landscape. This factor is anticipated to boost the growth of the market.

Get Free Sample link @ https://www.omrglobal.com/request-sample/security-orchestration-automation-and-response-soar-market

The substantially growing number of false alerts is the major factor that is anticipated to drive the global SOAR market during the forecast period. The rising cases of cyber-attacks and stringent regulatory bodies' compliances and regulations are some factors that elevated the demand for security orchestration automation and response (SOAR) and propel market growth. Additionally, the lack of a centralized view on threats and lack of availability of staff are some key factors that are expected to create lucrative opportunities for the growth of the market during the forecast period.

Moreover, the key players present in the global SOAR market include IBM Corp., FireEye, Cisco Systems, Inc., and others are adopting various strategies, such as product launches, mergers & acquisitions, among others to remain competitive in the market. For instance, in July 2019, FireEye announced the launch of two innovative managed detection and response (MDR) services. FireEye managed defense nights and weekends and FireEye managed defense for endpoint security are two major MDR services that offer threat protection even in the off-hours and 24*7 visibility solutions.

Full report of Security Orchestration Automation and Response (SOAR) Market available @ https://www.omrglobal.com/industry-reports/security-orchestration-automation-and-response-soar-market

Market Coverage

Segment Covered
Regions Covered- Globally
Competitive Landscape- IBM Corp., FireEye, Cisco Systems, Inc., and others.

Key questions addressed by the report

What is the market growth rate?
Which segment and region dominates the market in base year?
Which segment and region will project fastest growth in the market?
How COVID-19 impacted the market?
o Recovery Timeline

o Deviation from pre-COVID forecast

o Most affected region and segment

Who is the leader in the market?
How players are addressing challenges to sustain growth?
Where is the investment opportunity?

Global Security Orchestration Automation and Response (SOAR) Market Report Segmentation

By Component

Solutions
Services
By Application

Threat Intelligence
Network Forensics
Incident Management
Compliance Management
Workflow Management
Others

By Organization Size

SMEs
Large Enterprises

By Deployment Type

Cloud
On-Premises
By Vertical

BFSI
Retail
Healthcare
Energy & Utilities
Government
IT & Telecom
Others


Reasons to Buying From us -

1. We cover more than 15 major industries, further segmented into more than 90 sectors.
2. More than 120 countries are for analysis.
3. Over 100+ paid data sources mined for investigation.
4. Our expert research analysts answer all your questions before and after purchasing your report.

For More Customized Data, Request for Report Customization @ https://www.omrglobal.com/report-customization/security-orchestration-automation-and-response-soar-market

Media Contact:

Contact Person: Mr. Anurag Tiwari
Email: anurag@omrglobal.com
Contact no: +91 780-304-0404
Company Name: Orion Market Research

About Orion Market Research

Orion Market Research (OMR) is a market research and consulting company known for its crisp and concise reports. The company is equipped with an experienced team of analysts and consultants. OMR offers quality syndicated research reports, customized research reports, consulting and other research-based services. The company also offers Digital Marketing services through its subsidiary OMR Digital and Software development and Consulting Services through another subsidiary Encanto Technologies.

This release was published on openPR.