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Security Orchestration Market - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026)

The Security Orchestration Market is Segmented by Type (Software, Services), End-user Industry (BFSI, IT and Telecommunication, Government and Defence), and Geography.

Market Snapshot

security orchestration market
Study Period: 2018 - 2026
Base Year: 2020
Fastest Growing Market: Asia Pacific
Largest Market: North America
CAGR: 17.6 %

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Market Overview

The security orchestration market is expected to register a CAGR of 17.6% during the forecast period (2021 - 2026). The implementation of security orchestration across various organizations can help manage security alerts and prevent severe cyber-attacks. As the sophistication level in cyber-attacks is increasing, security vendors are trying to develop better orchestration platforms to provide proactive and holistic security architecture to handle critical business applications.

  • An increase in the security breaches and occurrences due to dramatic growth in the BYOD trend affecting SMEs, along with the rapid deployment and development of cloud-based solutions, is fueling the application of security orchestration among various organizations.
  • A rise in the application of network forensics is expected to drive the market demand, as a growing number of companies are adopting the security orchestration platform to monitor and manage their computer network traffic.
  • Growing adoption of various IT enabled services and solutions, due to the growing popularity of connected devices, has further boosted the amount of data generated daily, subsequently resulting in a vast scope for potential vulnerabilities that need effective management and containment.

Scope of the Report

Security orchestration is the method of connecting security tools and integrating diverse security systems with the help of a connected layer, which streamlines security processes and powers security automation. It joins disparate cybersecurity technologies and processes for simpler, more effective security operations, having multiple security tools in place to prevent, detect, and remediate threats.

Security orchestration empowers organizations to automatically respond to security alerts, thereby leveraging over deep technology integrations with existing tools, which can rapidly gather contextual alert data from various sources, analyze the security intelligence, and recommend a course of action to execute the required preventative actions with automation.

Type
Software
Services
End-user Industry
BFSI
IT and Telecommunication
Government and Defence
E-commerce
Other End-user Industries
Geography
North America
United States
Canada
Europe
United Kingdom
France
Germany
Rest of Europe
Asia-Pacific
China
Japan
Australia
Rest of Asia-Pacific
Rest of the World
Latin America
Middle-East & Africa

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Key Market Trends

IT and Telecommunication Sector is Projected to Record Significant Growth

  • As the IT sector is growing day by day, the network architecture and network complexity are also becoming denser in nature, due to which, organizations are continuously undertaking frequent changes to strengthen their network architecture according to business needs. To overcome these issues, organizations need a single security solution, which can easily adapt to the network changes and manage the network complexity through a single console.
  • The security vendors across the telecom sector are trying to develop their orchestration platforms, in order to provide advanced security to the critical business applications, owing to the rise in cyber attacks across the emerging market.
  • Moreover, with the proliferation of cloud computing and the data-on-demand generation across data centers, the technological environment has become highly critical, as many organizations are creating their business plans around the capabilities of IT premises. With the help of powerful security management suites, IT companies are able to orchestrate the automated security platform across application-centric solutions for managing complex policies across firewalls and related security infrastructure.
security orchestration market

North America Accounts for the Largest Market Share

  • North America dominates the security orchestration market, owing to the existence of a large number of prominent security orchestration vendors across the region, such as IBM Corporation, DXC Technology Company, Cisco System Inc., FireEye Inc., etc.
  • Factors, such as the growing end-user industries, government expenditure toward critical and important infrastructure, and well-established R&D center, along with the demand for cutting-edge security technology across the region, are expected to drive the market growth. 
  • Industries, such as banking, healthcare, and government organizations, which hold databases of sensitive information, are the preferred targets for hackers. To safeguard such critical data, there is a need for robust intrusion protection and security solutions, along with suitable network security solutions. 
security orchestration market

Competitive Landscape

The security orchestration market is highly competitive and consists of several major players. In terms of market share, few of the major players currently dominate the market. Moreover, due to the emergence of the cloud network segment, most of the companies are increasing their SOAR market presence, thereby tapping customers across the subsequent markets.

  • April 2019 - Swimlane announced its launch of Channel Program and Technical Alliances Program. The SOAR solution is also available on Linux with support for Docker and Kubernetes, allowing for an improved DevSecOps approach to cybersecurity.
  • March 2019 - RSA unveiled the newest version of its market-leading SIEM, RSA NetWitness Platform, which features machine learning models based on deep endpoint observations, to rapidly detect anomalies in user’s behavior to uncover evolving threats. This announcement furthers RSA’s strategy to help customers take a unified, phased approach in managing digital risk, an ever-increasing challenge faced by organizations with ambitious digital transformation initiatives.

Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Assumptions

    2. 1.2 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Market Overview

    2. 4.2 Market Drivers

      1. 4.2.1 Rising Trend of Automated Security Operation for Seamless Workflow

      2. 4.2.2 Need of Disparate Cybersecurity Technologies to Handle Network Complexity

    3. 4.3 Market Restraints

      1. 4.3.1 Lack of Awareness among Professionals

    4. 4.4 Industry Value Chain Analysis

    5. 4.5 Industry Attractiveness - Porter's Five Forces Analysis

      1. 4.5.1 Threat of New Entrants

      2. 4.5.2 Bargaining Power of Buyers/Consumers

      3. 4.5.3 Bargaining Power of Suppliers

      4. 4.5.4 Threat of Substitute Products

      5. 4.5.5 Intensity of Competitive Rivalry

    6. 4.6 Technology Snapshot

      1. 4.6.1 Security Orchestration, Automation, and Response (SOAR)

      2. 4.6.2 Playbook and Workflow Automation

      3. 4.6.3 SOC Dashboards and Reporting

  5. 5. MARKET SEGMENTATION

    1. 5.1 Type

      1. 5.1.1 Software

      2. 5.1.2 Services

    2. 5.2 End-user Industry

      1. 5.2.1 BFSI

      2. 5.2.2 IT and Telecommunication

      3. 5.2.3 Government and Defence

      4. 5.2.4 E-commerce

      5. 5.2.5 Other End-user Industries

    3. 5.3 Geography

      1. 5.3.1 North America

        1. 5.3.1.1 United States

        2. 5.3.1.2 Canada

      2. 5.3.2 Europe

        1. 5.3.2.1 United Kingdom

        2. 5.3.2.2 France

        3. 5.3.2.3 Germany

        4. 5.3.2.4 Rest of Europe

      3. 5.3.3 Asia-Pacific

        1. 5.3.3.1 China

        2. 5.3.3.2 Japan

        3. 5.3.3.3 Australia

        4. 5.3.3.4 Rest of Asia-Pacific

      4. 5.3.4 Rest of the World

        1. 5.3.4.1 Latin America

        2. 5.3.4.2 Middle-East & Africa

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Company Profiles

      1. 6.1.1 IBM Corporation

      2. 6.1.2 Tufin Software Technologies Ltd

      3. 6.1.3 DXC Technology Company

      4. 6.1.4 Cisco System Inc.

      5. 6.1.5 Swimlane LLC

      6. 6.1.6 RSA Security LLC

      7. 6.1.7 FireEye Inc.

      8. 6.1.8 DFLabs SpA

      9. 6.1.9 Palo Alto Networks Inc.

      10. 6.1.10 Siemplify Ltd

      11. 6.1.11 Accenture PLC

      12. 6.1.12 Amazon Web Services Inc.

      13. 6.1.13 Cyberbit Ltd

      14. 6.1.14 Forescout Technologies Inc.

    2. *List Not Exhaustive
  7. 7. INVESTMENT ANALYSIS

  8. 8. MARKET OPPORTUNITIES AND FUTURE TRENDS

**Subject to Availability

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Frequently Asked Questions

The Security Orchestration Market market is studied from 2018 - 2026.

The Security Orchestration Market is growing at a CAGR of 17.6% over the next 5 years.

Asia Pacific is growing at the highest CAGR over 2021- 2026.

North America holds highest share in 2020.

IBM Corporation, Tufin Software Technologies Ltd, Cisco System Inc., FireEye Inc., Amazon Web Services Inc. are the major companies operating in Security Orchestration Market.

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