Hyperautomation in Security Market Analysis

Hyperautomation in Security Market Overview

Hyperautomation in Security Market Size was valued at USD 33.69 billion in 2022. The Hyperautomation in Security Market industry is projected to grow from USD 38.61 billion in 2023 to USD 179.01 billion by 2032, exhibiting a compound annual growth rate (CAGR) of 18.6% during the forecast period (2023 - 2032).

Security hyperautomation refers to an advanced strategy to protecting digital assets and sensitive information by combining a diverse range of technologies, tools, and processes with the goal of producing highly efficient, adaptable, and proactive cybersecurity solutions. To revolutionize existing security processes, this approach leverages the potential of automation, artificial intelligence (AI), machine learning (ML), and orchestration. AI and ML algorithms play a critical role in continually monitoring and analyzing enormous volumes of data to detect and predict security threats in a hyperautomated security environment. These algorithms excel in detecting patterns and anomalies, allowing for the quick identification of possible threats. Incident response automation is a critical Organization Size of hyperautomation. Predefined reaction actions are automatically initiated when a security breach or anomaly is identified. This can involve isolating compromised systems, blocking malicious network traffic, and even executing countermeasures against threat actors, all with little human participation.

FIGURE 1: HYPERAUTOMATION IN SECURITY MARKET SIZE 2018-2032 (USD BILLION)

Source: Secondary Research, Primary Research, MRFR Database, and Analyst Review

Hyperautomation in Security Market Trends

The Security Orchestration, Automation, and Response (SOAR) platform is used to create hyperautomation in security. SOAR platforms enable security professionals to automate many mundane incident response duties while also offering a structure for collaboration and communication among many stakeholders. SOAR platforms commonly offer capabilities such as automation processes, orchestration tools, and incident response playbooks, all of which can be utilized to streamline security operations and enhance efficiency. Security hyperautomation demands careful planning and implementation. Organizations must first identify the jobs and processes that are best suited for automation, and then create workflows and playbooks to automate these operations. They must also ensure that the SOAR platform seamlessly connects with other security tools and systems, such as SIEMs and endpoint detection and response (EDR) platforms.

Hyperautomation in Security Market Segment Insights

Hyperautomation in Security Market Offering Insight

The Hyperautomation in Security Market, in this report, has been segmented based on Offering into Offering (solutions, services {professional services, security consulting services, integration & deployment services}, managed security services).

The segment- Solutions holds the largest share of the total market share while. The solutions sector often includes a diverse set of hyperautomation technologies, software, and platforms aimed at improving cybersecurity. These solutions may include advanced threat detection systems, incident response automation platforms, orchestration tools, and other technological products that assist enterprises in strengthening their security procedures. Because of the increasing need for hyperautomation solutions in response to the increasing complexity of cyber threats, this segment is considered a leader.

Hyperautomation in Security Market Technology Insights

The Hyperautomation in Security Market, in this report, has been segmented on the basis of Technology into artificial intelligence (AI), machine learning (ML), robotic process automation (RPA), process analytics, ingestion engines, and others.

Artificial intelligence (AI) holds the largest share of the total share. Artificial intelligence (AI) is crucial in security hyperautomation, considerably improving the efficiency and effectiveness of cybersecurity procedures.AI-powered user and entity behavior analytics (UEBA) solutions examine the behavior of users and devices on a network. These systems are capable of detecting odd or suspicious activity, which could suggest insider threats or hacked accounts.

Hyperautomation in Security Market Deployment Insights

The Hyperautomation in Security market in this report has been segmented on the basis of Deployment into on premise, cloud, and hybrid.

The Cloud segment holds 44% of the total share. Cloud is a prevalent Deployment in the Hyperautomation in Security market, because cloud-based solutions are more scalable and cost-effective than on-premise systems, they are becoming increasingly popular. Cloud-based solutions are also easier to deploy and manage, which is critical for firms with limited IT personnel. This model is more scalable and cost-effective than on-premise, but enterprises may have less control over the solution.

Hyperautomation in Security Market Organization Size Insights

The Hyperautomation in Security market in this report has been segmented on the basis of Organization Size into SMEs and large enterprise.

The large enterprise segment holds the largest share of the total market share.

This is due to the fact that large organizations require more security automation than SMEs. huge organizations frequently have complicated IT infrastructures and a huge number of users, making manual security management onerous. Large companies can benefit from hyperautomation by automating security tasks such as vulnerability scanning and patch management, freeing up security professionals to focus on more vital responsibilities.

Hyperautomation in Security Market Application Insights

The Hyperautomation in Security market in this report has been segmented on the basis of Application into identity access management (IAM), application security operations, continuous vulnerability management, cloud security posture management (CSPM), threat hunting (XDR, EDR, and SIEM Response), email security management, chatbots, abnormal system behavior detection, transaction fraud detection, document security system, and others.

The continuous vulnerability management segment holds 27% of the total market share.

Continuous vulnerability management (CVMM) is a technique for detecting and correcting vulnerabilities in systems and applications. CVMM tasks such as vulnerability scanning and patching can be automated via hyperautomation. This can help to improve system and application security and reduce the risk of data breaches. This is due to the growing amount of vulnerabilities in systems and applications, and enterprises must discover ways to automate the process of identifying and addressing these vulnerabilities. Organizations can benefit from hyperautomation by automating operations like as vulnerability screening and patching.

Hyperautomation in Security Market Industry Vertical Insights

The Hyperautomation in Security market in this report has been segmented on the basis of Industry Vertical into BFSI, healthcare, manufacturing, legal, government, logistics, IT & telecommunication, retail & e-commerce, and others.

The BFSI segment holds the largest share of the total market share.

Because they handle sensitive financial information, the BFSI industry is a prime target for cyber assaults. Tasks such as fraud detection, vulnerability scanning, and patch management can be automated via hyperautomation. This can assist BFSI firms strengthen their security and lower the risk of data breaches. This is due to the fact that the BFSI industry is a key target for cyber assaults and has a large amount of sensitive data to safeguard. Hyperautomation can assist BFSI firms in automating operations such as fraud detection, vulnerability scanning, and patch management, hence improving their security posture and lowering the risk of data breaches.

Hyperautomation in Security Market Regional Insights

Based on Region, the global Hyperautomation in Security is segmented into North America, Europe, Asia-Pacific, Middle East & Africa, and South America. Further, the major countries studied in the market report are the U.S., Canada, Germany, UK, Italy, Spain, China, Japan, India, Australia, UAE, and Brazil.

North America is a prominent target for cyber-attacks since it is home to many huge enterprises with important data. The increasing sophistication of cyber threats is generating demand for hyperautomation solutions that can assist enterprises in automating security processes and improving their security posture. North America has a number of stringent data security standards, such as the General Data Protection Regulation (GDPR) and the California Consumer Privacy Act (CCPA). Organizations in North America must follow these standards to avoid fines and penalties. Hyperautomation technologies can assist firms in automating compliance tasks and lowering the risk of noncompliance.

In recent years, the Asia Pacific area has seen a considerable growth in cybersecurity threats and attacks. Nation-state-sponsored assaults, ransomware operations, and data breaches are among the threats. Because of the increase in cyber threats, firms are investing more in advanced security solutions, such as hyperautomation, to secure their digital assets. Asia Pacific has a thriving IT industry, which includes software development, e-commerce, and cloud services. These businesses are especially appealing targets for cyberattacks. Hyperautomation solutions are being used to strengthen these firms' security infrastructure.

Hyperautomation in Security Market- Key Market Players and Competitive Insights

The Hyperautomation in Security market is a highly competitive industry, as numerous companies offer wide variety of services. The market is characterized by the presence of established and large Hyperautomation in Security companies, as well as many smaller and emerging players. These companies are focused on developing innovative technologies and processes to improve efficiency, reduce costs, and enhance the quality of services for customers across the world.

The competition in the Hyperautomation in Security market is driven by various factors, including pricing, quality, delivery time, and the ability to offer customized solutions to customers. Moreover, partnerships and collaborations with other players in the industry, such as OEMs and suppliers, are crucial for companies to remain competitive in the market. Mergers and acquisitions are also common in the Hyperautomation in Security market, as companies seek to expand their reach and capabilities. Additionally, companies are investing heavily in research and development to develop new deployments and technologies that can improve the market share.

Hyperautomation in Security Market- Key Companies Include

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  SIRP Labs Limited

  
  


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  Mindflow

  
  


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  Wipro

  
  


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  Torq

  
  


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  D3 Security

  
  


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  Cloud4C

  
  


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  Sonrai Security

  
  


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  Zoho Corporation Pvt. Ltd.

  
  


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  UiPath

  
  


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  Ivanti

  
  

Hyperautomation in Security Market- Industry Developments

July 2022 saw Wipro PARI acquiring Hochrainer, a German automation technology company. This acquisition helped Wipro to expand its footprint in Europe and enhance its global leadership position. Also, the acquisition will enable Hochrainer to develop and obtain access to advanced technology resources as well as future technologies.

June 2022 – Low-code automation and integration player Tray.io has announced new capabilities that are aimed at speeding up enterprise hyper-automation implementations. Tray.io provides end-to-end connectivity for all user profiles through the Connector Builder, making it possible for low-code developers to build reusable connectors quickly and on-demand in a visual manner. Moreover, a new Connectivity API experience for developers simplifies combining hundreds of underlying endpoints into just three API calls.

May 2022 – Visa, a worldwide digital payments player, and Phrasee, specializing in brand language optimization, have agreed on a European exclusive deal. It is a three-year agreement that is part of Visa’s investment strategy involving their customers, such as leading B2B financial services companies in Europe. Through its reseller program, Phrasee makes visa clients available with advanced machine learning and natural language generation capabilities.

September 2022 witnessed the launch of e.IQ 5.0 – Nile Edition enhances platform features for building automated business applications at scale. These include process orchestration, data & event processing, AI/ML, enterprise connectors, and front-end application development under an easy-to-use interface with no coding or low code involved. The release also introduces a taxonomy builder for multi-level taxonomy management across business domains; it continues expanding the hyper-automation enablement platform’s unified data experience offer started from release 4.0, which is how it makes data actionable at run-time to power simple decision automation.

September 2022 - UiPath Business Automation Platform partner OutSystems has joined forces with high-performance low-code provider OutSystems to leverage both companies’ strengths. Consequently, they will be able to help their customers automate the most critical business processes and applications intelligently and securely, which will save them hours of tedious work, increase their productivity, and revolutionize their application experience.

Hyperautomation in Security Market - Market Segmentation

Hyperautomation in Security Market - Offering Outlook

• Solutions


• Services


• Professional Services


• Security Consulting Services


• Integration & Deployment Services


• Managed Security Services

Hyperautomation in Security Market - Technology Outlook

• Artificial Intelligence (AI)


• Machine Learning (ML)


• Robotic Process Automation (RPA)


• Process Analytics


• Ingestion Engines


• Others

Hyperautomation in Security Market - Deployment Outlook

• On Premise


• Cloud


• Hybrid

Hyperautomation in Security Market - Organization Size Outlook

• SMEs


• Large Enterprises

Hyperautomation in Security Market - Application Outlook

• Identity Access Management (IAM)


• Application Security Operations


• Continuous Vulnerability Management


• Cloud Security Posture Management (CSPM)


• Threat Hunting (XDR, EDR, and SIEM Response)


• Email Security Management


• Chatbots


• Abnormal System Behaviour Detection


• Transaction Fraud Detection


• Document Security System


• Others

Hyperautomation in Security Market - Industry Vertical Outlook

• BFSI


• Healthcare


• Manufacturing


• Legal


• Government


• Logistics


• IT & Telecommunication


• Retail & E-Commerce


• Others

Hyperautomation in Security Market - Regional Outlook

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  North America

  
  
  
  
  • US
  
  
  • Canada
  
  
  • Mexico
  
  
  
  


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  Europe

  
  
  
  
  • Germany
  
  
  • France
  
  
  • UK
  
  
  • Italy
  
  
  • Spain
  
  
  • Rest of Europe
  
  
  
  


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  Asia-Pacific

  
  
  
  
  • China
  
  
  • Japan
  
  
  • India
  
  
  • South Korea
  
  
  • Australia
  
  
  • Rest of Asia-Pacific
  
  
  
  


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  Middle East & Africa

  
  
  
  
  • Saudi Arabia
  
  
  • UAE
  
  
  • South Africa
  
  
  • Rest of the Middle East & Africa
  
  
  
  


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  South America

  
  
  
  
  • Brazil
  
  
  • Argentina
  
  
  • Chile
  
  
  • Rest of South America