Market Size of Security Orchestration Industry
| Study Period | 2019 - 2029 |
| Market Size (2024) | USD 3.54 Billion |
| Market Size (2029) | USD 7.35 Billion |
| CAGR (2024 - 2029) | 15.72 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | North America |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Security Orchestration Market Analysis
The Security Orchestration Market size is estimated at USD 3.54 billion in 2024, and is expected to reach USD 7.35 billion by 2029, growing at a CAGR of 15.72% during the forecast period (2024-2029).
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.
- Implementation of these solutions has also enabled improved adherence to audit and compliance requirements easily, with proactive policy enforcement and audit and compliance reports, such as ITIL, PCI, Health Insurance Portability and Accountability Act (HIPAA), Sarbanes-Oxley Act (SOX), and Gramm-Leach-Bliley Act. These factors have been aiding the growth of the market.
