What is Security Orchestration Automation and Response (SOAR)?
Security Orchestration Automation and Response (SOAR) is a technological mechanism which is quick to respond back to any cyber-attacks and optimize cyber infrastructure of a company by improving coordination, and execution between different departments within same organisation. SOAR tools comprise of mechanism to improve workflows and automate work to respond to any cyber threats. Geographically, North America is the biggest market, with Europe and Asia Pacific having huge potential to grow.
The market study is broken down, by Application (Network Forensics, Threat Intelligence, Workflow Management, Incident Management and Others) and major geographies with country level break-up.
With rising cyber security threats, and popularity of digitisation in work has opened huge prospect for cyber security solutions providers. One of such specific market is Security Optimization Automation and Response. SOAR reduces the firm’s liability of hiring a Cyber Team instead SOAR technology responds to cyber threats on its own through automated procedure without human intervention. The Market is moderately consolidated. North America is expected to remain the biggest market Analysts at AMA Research estimates that Players from North America will contribute to the maximum growth of Global Security Orchestration Automation and Response (SOAR) market throughout the predicted period. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
IBM Corporation (United States), Cisco Systems (United States), Amazon Web Services (United States), FireEye Inc. (United States), Tufin Software Technologies Ltd. (United States), DXC Technology (United States), Accenture PLC (Ireland), Cyberbit Ltd. (Israel), Siemplify Ltd (United States), Swimlane LLC (United States), Palo Alto Networks Inc. (United States), RSA Security LLC (United States) and Forescout Technologies Inc. (United States) are some of the key players that are part of study coverage.
Segmentation Overview
AdvanceMarketAnalytics has segmented the market of Global Security Orchestration Automation and Response (SOAR) market by Type, Application and Region.
On the basis of geography, the market of Security Orchestration Automation and Response (SOAR) has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
If we see Market by , the sub-segment i.e. will boost the Security Orchestration Automation and Response (SOAR) market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.In 2020, IBM, Global Computing Giant has announced completion of acquisition of Spanugo which is a cloud cyber security solutions provider based in United States. IBM looks to integrate Spanugo’s solutions with its Public Cloud Offerings to improve customer experience. The acquisition will also improve IBM’s Cyber Security Solutions.
Market Trend
- Growing Adoption of Security Orchestration Automation to Prevent Ransomware attacks
Market Drivers
- Increasing Digitisation of Businesses
- Rising Number of Cyber Attacks on Businesses leads to Security Orchestration Automation
- Growing Culture of Work from Home
Opportunities
- Integration of Cyber Security with Artificial Intelligence
Restraints
- Poor IT Infrastructure & Less Awareness about Cyber Security Solutions in Developing Countries
Challenges
- High Initial Cost of Setup for IT Infrastructure
Key Target Audience
Security Orchestration Automation and Response (SOAR) Manufacturers, Suppliers and Distributors, Venture Capitalists and Private Equity Firms, New Entrants/Investors, Analysts and Strategic Business Planners, Government Regulatory and Research Organizations and End-Use Industries
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have the better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with purpose to understand companys positioning regarding market value, volume and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders etc. and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, analyst team keeps preparing set of questionnaires and after getting appointee list; the target audience are then tapped and segregated with various mediums and channels that are feasible for making connection that includes email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey etc.