Global Security Orchestration Market Forecast to 2030
The analysis examines the factors influencing industry growth in the worldwide Security Orchestration Market and provides detailed estimates regarding the growth pattern. Drivers, restraints, opportunities, threats, risks, constraints, and other characteristics of the market are some of the study's primary subjects. The study offers a comprehensive investigation of the company profiles, product portfolio, and corporate expansion strategies in addition to a full analysis of the competitive environment.
The global security orchestration market size was USD 2.43 Billion in 2021 and is expected to register a revenue CAGR of 16.52% during the forecast period, according to latest analysis by Emergen Research. Increasing popularity of Bring Your Own Devices (BYOD) in organizations is a major factor driving market revenue growth. Introduction of remote working options for employees owing to COVID-19 and BYOD rules has helped many firms to adopt security orchestration successfully. It is expected that over 80% of businesses will have BYOD rules in place by 2022, while 76% of workers reportedly use their personal cell phones for work. However, despite the widespread use of BYOD policy, only about 33% of businesses have made it necessary for employees devices to be recognized with IT to install security software. Such factors are expected to drive revenue growth of the market.
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Competitive Terrain:
The global Security Orchestration industry is highly consolidated owing to the presence of renowned companies operating across several international and local segments of the market. These players dominate the industry in terms of their strong geographical reach and a large number of production facilities. The companies are intensely competitive against one another and excel in their individual technological capabilities, as well as product development, innovation, and product pricing strategies.
The leading market contenders listed in the report are:
IBM, Cisco System Inc., DXC Technology Company, RSA Security LLC, FireEye, Swimlane, Tufin, Palo Alto Networks, Accenture, and SIRP Labs
Research Report on the Security Orchestration Market Addresses the Following Key Questions:
- Who are the dominant players of the Security Orchestration market?
- Which regional market is anticipated to have a high growth rate over the projected period?
- What consumer trends and demands are expected to influence the operations of the market players in the Security Orchestration market?
- What are the key growth drivers and restraining factors of the Security Orchestration market?
- What are the expansion plans and strategic investment plans undertaken by the players to gain a robust footing in the market?
- What is the overall impact of the COVID-19 pandemic on the Security Orchestration market and its key segments?
Market Overview:
The report bifurcates the Security Orchestration market on the basis of different product types, applications, end-user industries, and key regions of the world where the market has already established its presence. The report accurately offers insights into the supply-demand ratio and production and consumption volume of each segment.
Segments Covered in this report are:
- Component Outlook (Revenue, USD Billion; 2019–2030)
- Software
- Services
- Consulting
- Training and Education
- Support and Maintenance
- Organization Size Outlook (Revenue, USD Billion; 2019–2030)
- Large Enterprises
- Small and Medium Enterprises (SMEs)
- Deployment Outlook (Revenue, USD Billion; 2019–2030)
- Cloud
- On-Premises
Regional Landscape section of the Security Orchestration report offers deeper insights into the regulatory framework, current and emerging market trends, production and consumption patterns, supply and demand dynamics, import/export, and presence of major players in each region.
The various regions analyzed in the report include:
- North America (U.S., Canada)
- Europe (U.K., Italy, Germany, France, Rest of EU)
- Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
- Latin America (Chile, Brazil, Argentina, Rest of Latin America)
- Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
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Some Key Highlights From the Report
- The Small and Medium Enterprises (SMEs) segment is expected to account for largest revenue share during the forecast period due to increasing technological improvements, application evolution, and organizational networks. This makes it difficult for security employees to understand the network and safety environment, which promotes cyber intrusions.
- The IT and telecom segment is expected to account for a rapid revenue share due to rising demand for security orchestrations to increase food security. The telecom industry is moving swiftly due to increasing need for digitization and push of new innovative providers and business models.
- The North America market accounted for largest revenue share in 2021 due to rising incidences of cyber-attacks. Security orchestration assists companies in improving response activities for cyber-attacks based on evaluation of their protective actions and risk posture.
The section on the competitive landscape offers valuable and actionable insights related to the business sphere of the Security Orchestration market, covering extensive profiling of the key market players. The report offers information about market share, product portfolio, pricing analysis, and strategic alliances such as mergers and acquisitions, joint ventures, collaborations, partnerships, product launches and brand promotions, among others. The report also discusses the initiatives taken by the key companies to combat the impact of the COVID-19 pandemic.
Key Points of the Geographical Analysis:
- Data and information related to the consumption rate in each region
- Estimated increase in the consumption rate
- Proposed growth of the market share of each region
- Geographical contribution to market revenue
- Expected growth rate of the regional markets
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