What is the Historical Analysis of the Security Orchestration, Automation And Response (SOAR) Market Size?
The security orchestration, automation and response (soar) market has seen considerable growth due to a variety of factors.
• The market size for the security orchestration, automation, and response (SOAR) sector has surged substantially in the last few years. There is projected growth from $1.66 billion in 2024 to $1.88 billion in 2025, representing a compound annual growth rate (CAGR) of 13.6%.
This exponential growth during the historic period is primarily due to the growing number and complexity of cybersecurity incidents, the demand for quick incident responses and resolutions, incorporation of threat intelligence platforms, scarce cybersecurity expertise, and the focus on optimizing security operations.
What is the Forecasted Growth of the Security Orchestration, Automation And Response (SOAR) Market Size?
The security orchestration, automation and response (soar) market is expected to maintain its strong growth trajectory in upcoming years.
• Predictions for the security orchestration, automation and response (SOAR) market size suggest a significant increase in the coming years. The market is forecasted to expand to a worth of $3.78 billion in 2029, boasting a compound annual growth rate (CAGR) of 19.0%.
The expected growth during the projection period is due to factors such as enhancement of threat detection and response capabilities, wider acceptance by small and medium enterprises (SMEs), expansion in cloud-based SOAR solutions, and a focus on cross-platform orchestration and automation. Key trends set to define the forecast period involve threat hunting and active incident detection, the integration of SOAR with security information and event management (SIEM), a focus on user and entity behavior analytics (UEBA) in SOAR, automation of mundane security tasks and workflows, and ongoing refinement and optimization of SOAR processes.
What Are The Primary Growth Drivers In The Security Orchestration, Automation And Response (SOAR) Market?
The projected rise in cyberattacks is likely to fuel the expansion of the security orchestration, automation, and response market. Cyberattacks are actions taken by hackers to illegitimately access a computer, computing system, or network with the aim of causing harm to the organization. Security orchestration significantly enhances security operations through the use of numerous cybersecurity tools that aid in preventing, identifying, and mitigating such attacks. For example, the Australian Cyber Security Centre, an Australian cybersecurity agency, reported in February 2023 that in 2022 they received 76,000 cybercrime reports, a 13% increase from the previous year. Thus, the escalating number of cyberattacks is fuelling the growth of the security orchestration, automation, and response market.
What Is The Segmentation Of The Global Security Orchestration, Automation And Response (SOAR) Market?
The security orchestration, automation and response (SOAR) market covered in this report is segmented –
1) By Component: Solution, Services
2) By Deployment Mode: Cloud, On Premises
3) By Organization Size: Small And Medium Enterprises, Large Enterprises
4) By Application: Threat Intelligence, Network Forensics, Incident Management, Compliance Management, Workflow Management, Other Applications
Subsegments:
1) By Solution: Security Orchestration Platforms, Automation Tools, Incident Response Solutions, Threat Intelligence Integration, Case Management Systems
2) By Services: Managed SOAR Services, Consulting And Implementation Services, Training And Support Services, Incident Response Planning And Execution
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What Emerging Trends Are Shaping The Security Orchestration, Automation And Response (SOAR) Market Landscape?
The rise of technological advancements is being recognized as a principal trend in the security orchestration, automation, and response markets. Big key players in this sector are paying special attention to the inception of futuristic technologies in order to maintain their industry standing. For example, Revelstoke, an IT company based in the US, rolled out an advanced SOAR solution designed to enhance automation in security operation centers in January 2022. This SOAR system automates analytical processes, removes the need for software development, streamlines workflows, avoids vendor lock-in, allows the scaling up of processes, and enables quick identification and addressing of the source of incidents.
Who Are the Key Players in the Security Orchestration, Automation And Response (SOAR) Market?
Major companies operating in the security orchestration
• automation and response (SOAR) market include:
• IBM Corporation.
• Cisco Systems Inc.
• FireEye Inc.
• Palo Alto Networks Inc
• Swimlane LLC.
• Rapid7
• LogRhythm Inc.
• Splunk Inc.
• DFLabs S. p. A
• Cyberbit
• ThreatConnect
• CyberSponse Inc.
• D3 Security Inc.
• Resolve Systems LLC.
• Exabeam Inc.
• Tufin
• Musarubra US LLC.
• Ayehu Inc.
• Anomali ThreatStream Inc.
• Fortinet Inc.
• Stellar Cyber Inc.
• Uptycs Inc.
• Zscaler Inc.
• BigPanda Inc.
• Demisto Inc.
• Niara Inc.
• LogicHub Inc.
• Lumu Technologies Inc.
What are the Regional Insights into the Security Orchestration, Automation And Response (SOAR) Market?
North America was the largest region in the security orchestration, automation and response (SOAR) market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the security orchestration, automation and response (SOAR) market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
