Security Orchestration Market Trends

Security Orchestration Market Overview

The Security Orchestration Market is projected to grow from USD 1.59 billion in 2024 to USD 4.45 billion by 2032, exhibiting a compound annual growth rate (CAGR) of 13.67% during the forecast period (2024 - 2032). Additionally, the market size for security orchestration was valued at USD 1.38 billion in 2023.

The increased popularity of automated security operations and advancements in technology are the key market drivers enhancing the growth of market.

Figure 1: Security Orchestration Market Size, 2023-2032 (USD Billion)

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

Security Orchestration Market Trends

Market CAGR for security orchestration is being driven by the rising popularity of automated security operations for seamless workflow. The ongoing evolution of cyberspace requires the SOC must be developed in order to support the desire for better visibility into dangers and fast analysis of those threats. Several manufacturers and associated gadgets are burdening the network infrastructure of today. Organizations must have an automated and coordinated response to security incident platforms owing to the rising number of sophisticated assaults.

The increased velocity, volume, and complexity of assaults are fueling the requirement for automated security operations. The ability of human/SOC analysts to visualize, observe, calculate and gasp the linkages is mostly limited by the complexity of cyberattacks; therefore, accurately anticipating risk in different scenarios is complex. The speed of the incidents of attacks is also boosting the demand for automation, and also several security solution suppliers are exploring security orchestration solutions in order to automate their procedures. With the increasing number of devices to handle, ever-rising volumes of data, and IT infrastructure, IT advancements are becoming more complex. The hackers also analyze the complexity of the system before launching an assault. Network complexity, threats, and inefficient tools are boosting the change in the cybersecurity arena, according to the poll of information and IT security professionals conducted by ESG in March 2020.

Organizations today are necessary to have an automated and coordinated response to security incident platforms owing to the rising number of sophisticated assaults. The orchestration solutions fuel incident management and computer security, offer visibility of security posture and enhance communication. These platforms, designed firstly for incident management, have now fully evolved into platforms for managing and orchestrating security operations and will continue to expand as security needs increase. The demand for automation is also being fueled by how fast attacks happen, and security operation centers cooperate with more everyday cyberattacks and security incidents. Thus, driving the Security Orchestration market revenue.

However, the absence of knowledge among professionals about these types of attacks is one of the main factors businesses throughout the world continue to be victims of cyberattacks and data breaches, being a prime factor hampering the growth of market ly. Majorly problem related to preventive measures is that the consumers are not aware of the problem of cyberattacks.

Security Orchestration Market Segment Insights

Security Orchestration Organization Size Insights

The Security Orchestration market segmentation, based on organization size, includes Large Enterprises and Small and Medium Enterprises (SMEs). The small and medium enterprises (SMEs) category dominated the market, accounting for the largest market revenue as the SMEs are largely integrating security orchestration systems, helping to manage and control corporate security remotely for handling computer and network security issues. The organizational networks are growing over time because of advancements in technology and application evolvement, making it challenging for security staff. Further, the requirement for diverse cybersecurity solutions in order to address network complexity and protect from malicious cyberattacks is fueling the growth of this segment.

Figure 2: Security Orchestration Market, by Organization Size, 2022 & 2032 (USD Billion)

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

Security Orchestration End User Insights

The Security Orchestration market segmentation, based on end users, includes BFSI, IT & Telecom, Healthcare, Media & Entertainment, Government Organizations and Others. The IT and telecom segment is anticipated to dominate the market because of increasing demand for security orchestrations to raise food security. The telecom industry is growing rapidly because of rising requirements for digitization and encouraging new and innovative providers and business models.

Security Orchestration Regional Insights

By region, the study gives market insights into the North America, Europe, Asia-Pacific and the Rest of the World. The North American Security Orchestration market area dominates the market due to the presence of many major security orchestration vendors throughout the region. The rising end-user industries, well-established R&D centers, government expenditure toward critical infrastructure and the demand for modern security technology throughout the region. The US is the largest contributor to the growth of the market in the North American region.

Further, the prime countries studied in the market report are The US, Canada, German, France, the UK, Italy, Spain, Japan, India, China, Australia, South Korea, and Brazil.

Figure 3: SECURITY ORCHESTRATION MARKET SHARE BY REGION 2022 (USD Billion)

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

The Asia-Pacific Security Orchestration Market accounts for the second-largest market revenue due to the increasing adoption of Internet of Things technologies throughout the multiple industries in this region. Moreover, China’s Security Orchestration market held the largest market share, and the Indian Security Orchestration market was the rapid-growing market in Asia-Pacific region.

Europe's Security Orchestration market is expected to grow at the rapid CAGR from 2023 to 2032. This is due to the rapid advancements and automation in IT security and growing vulnerability to cyberattacks, and growing complexities from overload in this region. Further, the German Security Orchestration market held the largest market share, and the UK Security Orchestration market was the rapid-growing market in the European region.

Security Orchestration Key Market Players & Competitive Insights

Leading market players are investing hugely in research and development in order to expand their product lines, which will help the Security Orchestration market grow even more. Market players are also undertaking a variety of strategic activities to spread their footprint, with important market developments including new product launches, mergers and acquisitions, higher investments, contractual agreements, and collaboration with other organizations. To spread and survive in a more competitive and rising market climate, the Security Orchestration industry must offer cost-effective items.

Manufacturing locally to reduce the operational costs is one of the key business tactics utilized by manufacturers in the Security Orchestration industry to benefit clients and increase the market sector. In recent years, the Security Orchestration industry has offered some of the most significant advantages to cybersecurity. Major players in the Security Orchestration market, including IBM Corporation, Cisco System Inc, Accenture, Simplify, Tufin Software Technologies Ltd, FireEye Inc., Amazon Web Series Inc., Phantom Cyber Corporation, Swimlane, Intel Security, CyberSponse Inc., and others, are trying to increase market demand by investing in the research and development operations.

IBM Corporation, founded in the year 1911, and headquartered in Armonk, New York, is a multinational technology company. The company is known for its software and hardware products, inclusive of servers, computers, networking equipment, and storage systems. The company also offers technology, consulting and business services like cloud computing, artificial intelligence, and data analytics. The R&D efforts of the company have helped various technological innovations. In March 2023, the company and Cohesity created a new partnership in order to meet the essential requirement of the organization for better security and reliability in hybrid cloud settings. IBM Storage Defender is being created to utilize AI and event monitoring throughout different storage platforms via one single window in order to help in protecting the data layer of the organization from threats, including human error, ransomware and attack.

Cisco Systems Inc, headquartered in San Jose, California, is an American-based multinational digital communications technology conglomerate corporation. The company develops, produces and markets networking hardware, telecommunication and software equipment and other high-technology services and products. The company specializes in specific tech makers like IoT, domain security, and energy management with leading products inclusive of OpenDNS, Webex, Jabber, Jasper, and Duo security. In February 2020, the company disclosed a cloud-native security platform that combines visibility throughout its portfolio and user infrastructure, automates security procedures and consists of managed threat-hunting capabilities. The company claims that it is the most extensive and complete cloud-native security platform.

Key Companies in the Security Orchestration market include

• IBM Corporation


• Cisco System Inc


• Accenture


• Simplify


• Tufin Software Technologies Ltd


• FireEye Inc.


• Amazon Web Series Inc.


• Phantom Cyber Corporation


• Swimlane


• Intel Security


• CyberSponse Inc.

Security Orchestration Industry Developments

In March 2023, IBM and Cohesity came together in a new partnership that is aimed at meeting the basic demand of organizations for improved hybrid cloud data security and reliability. To help defend organizations’ precious data layer from threats like ransomware, human error, and attacks, IBM Storage Defender will make use of AI and event monitoring across various storage platforms through one window.

In February 2023, Morado Intelligence, a threat intelligence company that helps customers with their cyber threat intelligence requirements as well as their need to optimize security operations, teamed up with Cyware, which is a provider of a technology platform for building low-code SOAR & threat intel automation powered Cyber Fusion Centres for business enterprises and MSSPs/MDRs besides providing threat intelligence sharing solutions for ISACs & ISAOs. The main objective of the agreement was to establish easier access to Cyware’s advanced TIP & SOAR modules by Morado’s expansive client base so as to effectively ingest, enrich, analyze, and act on threat information.

In April 2023, Smart SOAR, a D3 Security Orchestration Automation Response (SOAR) Solution, released an updated version. This solution seeks to enable automatic reaction towards threats and remediation of security instances by Managed Detection and Response (MDR) providers along with MSPs.

In April 2023, Cycode unveiled its New Application Security Orchestration and Correlation (ASOC) Solution on April 18th). Accelerating software delivery via consistent automated non-disruptive security controls throughout development pipelines is what Cycode Application Security Orchestration and Correlation (ASOC) does. It offers engineering teams a full view of their tooling, consolidates all alerts under one platform, and eliminates false positives or duplicates while unifying all alerts on one platform.

Expanse was acquired by Palo Alto Networks in March 2023; it is a threat intelligence firm that also provides SOAR capabilities. With this acquisition, Palo Alto Networks will be able to offer customers a more complete response regarding detection against threats.

Microsoft declared the general availability of its SOAR platform, Microsoft Sentinel, in February 2023. It is built to aid companies by automating security operations and responding faster to threats.

IBM announced its acquisition of Resilient, a leading SOAR solution provider, in January 2023. This acquisition will expand IBM’s security portfolio, offering customers a more comprehensive way of managing security threats.

Security Orchestration Market Segmentation

Security Orchestration Organization Size Outlook

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  Large Enterprises

  
  


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  Small and Medium Enterprises (SMEs)

  
  

Security Orchestration End User Outlook

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  BFSI

  
  


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  IT & Telecom

  
  


• 
  

  Healthcare

  
  


• 
  

  Media & Entertainment

  
  


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  Government Organization

  
  


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  Others

  
  

Security Orchestration Regional Outlook