Analyzing the Future of Security Orchestration, Automation And Response (SOAR) Market Dynamics 2025-2034: Growth Rate, Trends, and Major Opportunities
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What is the Future CAGR of the Security Orchestration, Automation And Response (SOAR) Market, and How Will It Impact Industry Expansion?
Rapid expansion has been witnessed in recent years in the market size for security orchestration, automation, and response (SOAR). The market is projected to rise from $1.66 billion in 2024 to $1.88 billion in 2025, with a compound annual growth rate (CAGR) of 13.6%. The historical growth is ascribed to the increasing amount and complexity of cybersecurity events, the requirement for swift incident response and resolution, converging with threat intelligence platforms, the scarcity of skilled cybersecurity personnel, and the focus on optimizing security operations.
The market size for security orchestration, automation and response (SOAR) is forecasted to experience significant expansion in the upcoming years, reaching $3.78 billion by 2029 with a compound annual growth rate (CAGR) of 19.0%. The expected growth during this period can be attributed to factors such as the development of threat detection and response capabilities, increasing uptake by small and medium enterprises (SMEs), rise in cloud-based SOAR solutions, and a focus on cross-platform orchestration and automation. Noteworthy trends for the forecast period consist of threat hunting and proactive incident detection, the integration of SOAR with security information and event management (SIEM), emphasis on user and entity behavior analytics (UEBA) in SOAR, the automation of routine security tasks and workflows, and the continuous enhancement and optimization of SOAR processes.
What Combination of Drivers Is Leading to Accelerated Growth in the security orchestration, automation and response (soar) Market?
The upward trend in cyberattacks is predicted to boost the expansion of the security orchestration, automation, and response market. A cyberattack is a malicious attempt by cybercriminals to infiltrate a computer, computing system, or network without permission, with the objective to harm the organization. Security orchestration significantly enhances security operations as it encompasses multiple cyber security tools adept in preventing, detecting, and resolving cyberattacks. For example, the Australian Cyber Security Centre, a cyber security institution based in Australia, reported in February 2023 that the count of cybercrime reports they received in 2022 was 76,000, marking a 13% rise from the prior year. Thus, the escalation in cyberattack incidents is propelling the surge of the security orchestration, automation, and response market.
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What Are the Top Market Players Propelling the Growth of the Security Orchestration, Automation And Response (SOAR) Industry?
Major companies operating in the security orchestration, automation and response (SOAR) market include:
• IBM Corporation._x000D_
• Cisco Systems Inc._x000D_
• FireEye Inc._x000D_
• Palo Alto Networks Inc_x000D_
• Swimlane LLC._x000D_
What Are the Key Trends to Watch in the Security Orchestration, Automation And Response (SOAR) Market Over the Coming Years?
Technological progress is being recognized as a significant trend in the security orchestration, automation, and response markets. Companies at the forefront of this industry are striving to introduce cutting-edge technologies to maintain their market standing. As an example, Revelstoke, an IT firm from the US, unveiled a state-of-the-art SOAR solution in January 2022 targeted at automatizing security operations centers. This innovative SOAR platform speeds up analysis, does away with the need for software development, enhances workflow efficiency, avoids vendor dependency, escalates operation processes, and quickly identifies the core of incidents.
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Which Segments of the Security Orchestration, Automation And Response (SOAR) Market Hold the Most Potential for Future Development?
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
What Regions Are Dominating the Security Orchestration, Automation And Response (SOAR) Market Growth?
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
How Do Experts Define the Scope of the Security Orchestration, Automation And Response (SOAR) Market?
Security orchestration automation and response (SOAR) is a collection of technologies that enable businesses to collect information and security alerts from a variety of sources. Enterprises can define response processes and perform threat analysis using security orchestration automation and response tools. The security orchestration, automation, and response (SOAR) is used to perform security threat analysis in a systematic digital workflow format without any human assistance.
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