How Has the Security Automation Market Size Evolved in Recent Years?
The security automation market has seen considerable growth due to a variety of factors.
• The growth in the market size for security automation has been rapid in prior years. The market, which was $10.81 billion in 2024 is projected to expand to $12.3 billion in 2025, indicating a compound annual growth rate (CAGR) of 13.8%.
This past growth trend can be linked to a surge in cyber threats, emergence of advanced persistent threats (APTs), escalating intricacy of IT environments, increased need for endpoint security, and optimization of incident response.
What Is The Forecast For The Security Automation Market Size?
The security automation market is expected to maintain its strong growth trajectory in upcoming years.
• In the upcoming years, the size of the security automation market is predicted to experience a swift increase. It is projected to expand to $20.71 billion by 2029, with a compound annual growth rate (CAGR) of 13.9%.
This growth during the forecast period can be credited to the automation of integrated risk management, the global sharing of threat intelligence, compliance with automated privacy, and data protection, as well as IoT security automation. Key trends for the forecast period encompass the integration of AI and machine learning, the establishment of zero trust architecture, an extended utilization of SOAR platforms, IoT security automation, and the collaboration between humans and machines.
What Are The Essential Drivers Behind The Growth Of The Security Automation Market?
The growth of the security automation market is predicted to escalate due to an increase in phishing attacks and cases of security breaches. Phishing attacks are generally a form of social engineering assault that helps attackers obtain users' personal details like login credentials and credit card numbers. Whereas, security breaches in data imply the leakage of confidential information to a potentially harmful external environment for profit or due to unintended errors. The driving factors for these phishing attacks and security infringements can be various, including monetary benefit, data robbery, identity theft, espionage, disruption of the system, or taking advantage of weaknesses opportunistically. Security automation technology boosts detection abilities and forms a quicker response to mitigate phishing attacks and effectively tackle security breach incidents. For example, the Identity Theft Resource Center, based in the US, reported in July 2024 that the number of data breach victims in Q2 2024 was 1,041,312,601, signifying a shocking increase of 1,170 percent from Q2 2023, which had 81,958,874 victims. Additionally, in 2022, phishing was reported to have the most victims according to the Information Commissioner's Office, a UK-based autonomous regulatory office, with a total of 300,497 reported cases. Consequently, the ascending trend of phishing attacks and security breach situations are propelling the expansion of the security automation market.
How Is The Global Security Automation Market Divided Into Key Segments?
The security automation market covered in this report is segmented –
1) By Type: Solution, Services
2) By Technology: Artificial Intelligence And Machine Learning, Predictive Analytics, Robotic Process Automation, User And Entity Behavior Analytics, Other Technologies
3) By Application: Network Security, Endpoint Security, Incident Response Management, Vulnerability Management, Identity And Access Management, Compliance And Policy Management, Data Protection And Encryption
4) By Vertical: Banking Financial Services And Insurance, Manufacturing, Media And Entertainment, Healthcare And Life Sciences, Energy And Utilities, Government And Defense, Retail And Ecommerce, Other Verticals
Subsegments:
1) By Solution: Physical Security Information Management (PSIM), Access Control Systems, Video Surveillance Systems, Intrusion Detection Systems, Incident Response and Management Systems, Threat Intelligence Solutions, Security Monitoring Systems
2) By Services: Consulting Services, Installation and Integration Services, Managed Security Services, Training and Support Services, Maintenance and Upgrades
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How Are Emerging Trends Reshaping The Dynamics Of The Security Automation Market?
Key players in the security automation market are dedicating more efforts towards crafting cutting-edge solutions, like the security automation ecosystem designed for operational technology (OT), to maintain their competitive position in the market. The security automation ecosystem system consists of a collection of tools, technologies, and procedures that collaborate to automate different cybersecurity tasks. For instance, in November 2022, Swimlane, a US-based firm specialized in security automation, released the security automation ecosystem for OT. The goal of Swimlane is to boost security operations in OT settings, offering solutions that merge security automation with OT and IoT security, cyber-physical threat response, and supervised threat detection services.
Who Are the Key Players In The Security Automation Market?
Major companies operating in the security automation market are:
• Google LLC
• Microsoft Corporation
• International Business Machines Corporation
• Cisco Systems Inc.
• VMware Inc.
• Palo Alto Networks Inc.
• Fortinet Inc.
• Splunk Inc.
• Akamai Technologies Inc.
• Crowdstrike Holdings Inc.
• McAfee LLC
• Check Point Software Technologies Ltd.
• Secureworks Inc.
• Darktrace PLC
• Sumo Logic Inc.
• Devo Technology Inc.
• Symphony Technology Group
• SentinelOne Inc.
• Tenable Inc.
• Exambeam Inc.
• LogRhythm Inc.
• ManageEngine
• Swimlane LLC
• Anvilogic Inc.
• Torq Labs Inc.
• Vanta Inc.
What Are The Regional Insights Into The Security Automation Market?
North America was the largest region in the security automation market in 2024. The regions covered in the security automation market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
