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Security Orchestration Automation And Response (soar) Market

Security Orchestration Automation and Response (SOAR) Market

By Type (Threat Intelligence, Incident Management, Network Forensics, Workflow Management, Compliance Management, and Others), Component (Software and Services), Deployment (On-premises and Cloud ), Organization Size (Small and Medium Enterprises and Large Enterprises), Industry Vertical(Retail, Healthcare, IT& Telecom, BFSI, Government, Energy & Utilities, and Others): Global Opportunity Analysis and Industry Forecast, 2021-2031

Report Code: A09525
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Mar 2023 | 1684 Views
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Pandemic disrupted the entire world and affected many industries.

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Security Orchestration Automation and Response (SOAR) Market Insight:

Security orchestration automation and response, aidsin reducing reaction times, lessen chance introduction and maintainsup process consistency over your security program. It alsoprovides the option to disentangle security tasks implies having the option to organize cautions, improve staff efficiencies and lessening reaction times. It helps in unifying security tools, enhancing security team capabilities, increase efficiency and performance. The organizations are shifting towards cloud-based platform systems and SOAR, allows them to centralized threat and deal with them efficiently. It is a tool which provide cybersecurity solutions to vendors and with the current changing pace of the security concerns, the organization are adapting cloud base systems to provide security analysts ease to monitor and focus on important things.

Security Orchestration Automation and Response (SOAR) Market Scope and Structure Analysis:

Report Metric


Market size available for years


Base year considered


Forecast period


Forecast units

Value (USD)

Segments covered

Type, Component, Deployment, Organization size, Industry Verticals, Regions, Key Players

Regions covered

North America (US and Canada), Europe (Germany, UK, France, and the Rest of Europe), Asia Pacific (China, Japan, India, and the Rest of Asia Pacific), Latin America (Brazil, Mexico, and the Rest of LATAM) and The Middle East and Africa





Key Players

  • FireEye Inc.
  • Swimlane, LLC
  •  Palo Alto Networks
  •  Rapid7
  • Splunk Inc.
  • LogRhythm, Inc.
  • DFLabs
  • Cisco Systems, Inc.
  •  IBM Corporation
  • Ayehu Software Technologies Ltd.

Impact of COVID-19 on Security Orchestration Automation and Response (SOAR) Market:

  • The world is also on the verge of imbalance, due to this pandemic, the people at large scale is compelled to work remotely, and which make them rely heavily on remote communication and digital tools.
  • The cyber attackers are capitalizing this situation and attempting to compromise the confidentiality, integrity, and availability of data by malicious E-mail attacks and attacks on credentials of remote users.
  • Due to the Corona virus pandemic (COVID-19), social interactions and information propagation are swiftly being confined to the digital means such as voice calls, video calls, and text messages.
  • A case was reported of an attack whereby a piece of malware was hidden in the map that was displaying Corona virus (COVID-19) statistics. The map was stored on the malicious application and downloading it was posing huge damage to the sensitive information such as banking details, military secrets, or social security numbers.

Top impacting factors: Market Scenario Analysis, Trends, Drivers and Impact Analysis

Some major drivers for the growth in the market are lack of skilled personsto handle security operations of organizations, concern regarding the rising to cyber threats due to digitalization of businesses, growing interest for centralized view on threats and their processing reviews, prioritizing and handling of security operations of organizations, raising alarms of high number of false security alerts. Take off fills this hole and thus, undertakings are probably going to receive these arrangements in the coming years. The developing digitization prompting expanding vulnerabilities in information security is one of the significant factor which is capable to drive the market development. The requirement for a total view to oversee digital dangers and the requirement for improving recognition and reaction exercises across verticals are other key elements which are driving the worldwide SOAR showcase.

Some restraints for the market are the absence of mindfulness with respect to SOAR is required to be a restriction for the development of this market. Other hindrance is the hole in security skills and expertise.

New launches to flourish the market

FireEye has propelled FireEye Network Security 8.3 and FireEye Endpoint Security 4.8 two new programming which is utilized for improved discovery and examination identified with cutting edge assaults. FireEye discharged The FireEye Market so as to address security challenges. FireEyelaunchedFireEye® Helix™ for robotizing security activities by incorporating security data and occasion the executives (SIEM) capacities with cutting edge security arrangement. Furthermore, surge in usage of contactless payment systems has also raised the demand for market.

Surge in the usage of cybersecurity software

Due to rising need among undertakings across verticals and oversaw security specialist organizations to agree to the guidelines forced by governments organizations are adapting the cybersecurity software’s which gives the ascent in the appropriation of SOAR for security episode and reaction, security arrangement and mechanization and danger insight for the development of the market.

Key Segments Covered:

By Type

  • Threat Intelligence
  • Incident Management
  • Network Forensics
  • Workflow Management
  • Compliance Management
  • Others

By Component

  • Software
  • Services

By Deployment

  • On-premises
  • Cloud

By Organization Size

  • Small and Medium Enterprises
  • Large Enterprises

Industry Verticals

  • Retail
  • Energy and Utilities
  • Healthcare
  • IT & Telecom
  • Government
  • BFSI
  • Others

Key benefits of the report:

  • This study presents the analytical depiction of the Point of Security Orchestration Automation and Response (SOAR) Market along with the current trends and future estimations to determine the imminent investment pockets.
  • The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the Security Orchestration Automation and Response (SOAR) Market share.
  • The current market is quantitatively analyzed from 2020 to 2027 to highlight the Security Orchestration Automation and Response (SOAR) Market growth scenario.
  • Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.
  • The report provides a detailed Security Orchestration Automation and Response (SOAR) Market analysis based on competitive intensity and how the competition will take shape in coming years.
  • Key players and their key developments in the recent years are listed in the report.

Security Orchestration Automation and Response (SOAR) Market Report Highlights

Aspects Details
By Component
  • Solution
  • Service
By Application
  • Threat Intelligence
  • Network Forensics
  • Incident Management
  • Compliance Management
  • Workflow Management
  • Others
By Deployment Mode
  • On-Premise
  • Cloud
By Enterprise Size
  • Large Enterprises
  • Small and Medium-Sized Enterprises (SMEs)
By Industry Vertical
  • BFSI
  • Government
  • Energy & Utilities
  • Healthcare
  • Retail
  • IT & Telecom
  • Others
By Region
  • North America  (U.S., Canada)
  • Europe  (France, Germany, Italy, Spain, UK, Rest of Europe)
  • Asia-Pacific  (China, Japan, India, South Korea, Australia, Rest of Asia-Pacific)
  • LAMEA  (Latin Ammerica, Middle East, Africa)
Key Market Players IBM Corporation, FireEye, Cisco Systems, Inc., Rapid7, Splunk Inc., Swimlane, LLC, Tufin, ThreatConnect, Palo Alto Networks, DFLabs

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