Security Automation Market Research, 2032
The global security automation market was valued at $9.1 billion in 2023, and is projected to reach $26.6 billion by 2032, growing at a CAGR of 12.2% from 2024 to 2032. Security automation technologies continually monitor network traffic, system logs, and other security telemetry sources for indications of malicious activity, such as malware infections, abnormal network behavior, or unauthorized access attempts. Automated threat detection systems process massive volumes of data in real time and generate warnings or replies when security problems occur.
Market Introduction and Definition
Security automation is the use of technology to automate several cybersecurity operations, such as threat detection, incident response, vulnerability management, compliance monitoring, and policy enforcement. It entails using tools, scripts, and platforms to simplify security operations, increase efficiency, and improve an organization's overall security posture.
Key Takeaways
The security automation industry study covers 20 countries. The research includes a segment analysis of each country in terms of value ($billion) for the projected period 2024-2032.
Several product literatures, industry releases, annual reports, and other such documents of major energy storage system industry participants along with authentic industry journals, trade associations' releases, and government websites have been reviewed for generating high-value industry insights.
The study integrated high-quality data, professional opinions and analysis, and critical independent perspectives. The research approach is intended to provide a balanced view of global security automation market forecast and to assist stakeholders in making educated decisions to achieve their most ambitious growth objectives.
Industry Trends:
In August 2023, the Indian government passed the Digital Personal Data Protection Bill, 2023. This bill was passed to protect the constantly growing personal data available online owing to the adoption of several applications by individuals.
In February 2024, President Joe Biden authorized the U.S. attorney general to regulate the transfer of personal data of the large number of Americans to countries of concern.
In June 2023, the European Union announced the implementation of a bill that regulated the authority of data access and sharing of connect machines & devices across the manufacturing sector.
Key market dynamics
With surge in number of connected devices, old manual security measures are no longer viable and reliable. Security automation enables SMEs and large enterprises to handle security at scale while dealing with the complexity provided by various devices and networks. It allows organizations to continuously monitor network traffic, system activities, and device behaviour. The automation tools help in early detection of any abnormalities or suspicious activity in real time.
Moreover, during any unforeseen security related incident, the security automation tools take immediate action by isolating the attacked device, blocking unwanted traffic, and applying patches to vulnerable systems, thereby, reducing the impact of the security attack. In addition, several industries are legally bound to ensure security compliance with respect to data security and privacy. Thus, the adoption of security automation solutions also enables organizations to ensure regulatory compliance. These factors are thereby contributing to the growth of the security automation market forecast.
Parent Market Analysis
Security automation impacts and brings technological advancements in the cybersecurity market. According to Allied Market Research, the cybersecurity market is expected to reach $478.68 billion by 2030 growing at an CAGR of 9.5%. The constantly increasing pool of data across all industries and the importance of protecting the same from cyber threats to secure company and company’s customer information influence the growth of the market . Thus, the growing cybersecurity market further propels the security automation market players to develop advance solutions for automating data security processes across SMEs and large enterprises.
Market Segmentation
The security automation industry is segmented into component, deployment mode, technology, application, industry vertical, and region. By component, the market is bifurcated into solution and services. As per deployment mode, the market is segregated into on-premises and clouds. By technology, the market is classified into AI & ML, predictive analytics, RPA, and others. By application, the market is categorized into network security, endpoint security, incident response management, vulnerability management, and others. By industry vertical, the market is divided into BFSI, IT & telecommunications, healthcare, government, manufacturing, and others. Region wise, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
Regional/Country Market Outlook
The North America security automation market accounted for the largest share in 2023. The increased rivalry among North American cloud service providers has resulted in increased security for data protection, as well as rapid and easy access to their services for customers. These factors fuel the expansion of the cybersecurity market in North America. Moreover, expansion of mobile & web markets is the most important factor that contributes to the growth of cybersecurity in North America. In addition, increase in dependency on the internet and social media platforms is another major factor responsible for market growth in this region. An increase in the usage of cloud, mobile data, and digitization has created a demand for security automation solutions in the North American region.
Asia-Pacific on the other hand is expected to grow with the highest CAGR over the forecast period. the rise in the need to support secure enterprise mobility practices within organizations is anticipated to boost the demand for cybersecurity solutions. Furthermore, the ease of accessing the internet along with the launch of low-cost smartphones has encouraged organizations to implement effective security automation solutions, which is projected to contribute to the Asia-Pacific security automation market growth.
Competitive Landscape
The major players operating in the security automation market include Palo Alto Networks, Check Point, Red Hat, Cisco Systems Inc, and IBM Corporation. Other players in the security automation market include Fortinet, Microsoft Corporation, Secureworks, D3 Security, and Crowdstrike.
Recent Key Strategies and Developments
In June 2023, Checkpoint Software technologies Ltd partnered with Everphone for developing advanced threat prevention solutions for corporate smartphones. This solution is expected to detect malicious activity on real-time and reduce the impact of any unwanted attack on company data.
In April 2023, Crowdstrike announced the launch of its first threat and visibility detection solution from chrome operating system. This solution does not require an additional mobile device management solution for detecting threats.
In April 2024, February 2023, Check Point announced the launch of Infinity Spark which is a threat detection and prevention solution with AI integrated for security automation across SMEs.
Key Sources Referred
Information Systems Security Association
The Cyber Scheme
The Cyber Threat Alliance
National Cybersecurity Alliance.
Information Security Forum
Centre for Internet Security
International Association of Privacy Professionals
Key Benefits For Stakeholders
- This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the security automation market analysis from 2024 to 2032 to identify the prevailing security automation market opportunities.
- The market research is offered along with information related to key drivers, restraints, and opportunities.
- Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
- In-depth analysis of the security automation market segmentation assists to determine the prevailing market opportunities.
- Major countries in each region are mapped according to their revenue contribution to the global market.
- Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
- The report includes the analysis of the regional as well as global security automation market trends, key players, market segments, application areas, and market growth strategies.
Security Automation Market Report Highlights
| Aspects | Details |
 Market Size By 2032 | USD 26.6 Billion |
 Growth Rate | CAGR of 12.2% |
 Forecast period | 2024 - 2032 |
 Report Pages | 250 |
 By Component |
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 By Deployment Mode |
|
 By Technology |
|
 By Application |
|
 By Industry Vertical |
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 By Region |
|
 Key Market Players | SecureWorks Corp., Cisco Systems Inc., Red Hat Inc., Microsoft Corporation, Check Point Software Technologies Ltd., Fortinet, Inc., Palo Alto Networks Inc, d3 security, CrowdStrike, Inc., IBM Corporation |
AI and machine learning integration and quantum-resistant encryption are the upcoming trend of security automation market in the globe.
Some of the major applications of security automation market include intrusion detection & intrusion prevention, security information & event management, endpoint detection & response, and automated vulnerability management.
North America is the largest regional market for security automation in 2023.
The security automation market is expected to reach $26.6 billion by 2032.
The key companies in the global security automation market include Palo Alto Networks, Check Point, Red Hat, Cisco Systems Inc, IBM Corporation, Fortinet, Microsoft Corporation, Secureworks, D3 Security, and Crowdstrike.
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