The global security orchestration market is predicted to expand at a CAGR of 15% during the forecast period (2017-2023) owing to the rapid deployment of cloud-based solutions, asserts Market Research Future (MRFR). Security orchestration can be referred to as the procedure of connecting security tools with the existing security systems in order to operate organizations’ security operations in a better way. Technological integration with the existing tools enables the enterprises to adopt advanced security technologies by using internal as well as external resources. Security orchestration act as a medium that bridges the security processes and power security automation.
Security Orchestration and Automation Market has been segmented on the basis of application, component, organization size, deployment, and vertical.
By mode of component, the global security orchestration market has been segmented into service and solution.
By mode of application, the global security orchestration market has been segmented into network forensics, threat intelligence, compliance management, ticketing solutions, and others.
By mode of deployment, the global security orchestration market has been segmented into on-premise and cloud.
By mode of organization size, the global security orchestration market has been segmented into small & medium enterprise and large enterprises.
By mode of end-user, the global security orchestration market has been segmented into energy and utilities, BFSI, healthcare, government, IT & telecommunication, retail, and others.
Geographically, the security orchestration market span across regions namely, Europe, North America, Asia Pacific, and Rest-of-the-World (RoW).
Among all the regions, the North American region is considered to occupy the largest market share and is likely to retain its dominance during the assessment period. The growth is credited to the presence of major industry players, high demand for cutting-edge technology, and well-established research and development centers in this region.
The Asia Pacific region is likely to expand at the fastest rate in the security orchestration market throughout the assessment period. The growth is credited to the augmenting adoption of cloud-based security solutions coupled with the need for advanced security solutions in order to combat cyber-attacks.
The prominent players operating the global security orchestration market are CyberSponse Inc. (U.S.), Tufin (Israel), Huawei Technologies (China), Cisco Systems Inc. (U.S.), IBM Corporation (U.S.), Intel Security (U.S.), Phantom Cyber Corporation (U.S.), FireEye Inc. (U.S.), Hexadite (U.S.), Swimlane LLC (U.S.), and others.
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