ding to a new market research report "SecurityOrchestration Market byComponent (Solution and Service), Application (Threat Intelligence, NetworkForensics, Ticketing Solutions, and Compliance Management), Deployment Mode,End User, and Vertical, Region - Global Forecast to 2021 " published by MarketsandMarkets, themarket size is estimated to grow from USD 826.1 Million in2016 to USD1682.4 Million by 2021, atan estimated Compound Annual Growth Rate (CAGR) of 15.3%.
Browse 76 marketdata Tables and 54 Figures spread through 153 Pages and in-depth TOC on "Security Orchestration Market"
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Security orchestration is an approach to automaticallyrespond to security incidents and protect IT systems in organizations fromadvanced cyber-attacks and vulnerabilities. As the sophistication level incyber-attack is increasing, security vendors are trying to develop betterorchestration platforms to provide a proactive and holistic security to criticalbusiness applications.
Rise in security breaches and incidents is driving the Security Orchestration Market
The major forces driving the Security OrchestrationMarket are the rise in security breaches & incidents, rapid deployment& development of cloud based solutions, and growth in the BYOD trend,affecting Small and Medium Enterprises (SMEs). As the businesses are growing,new and sophisticated threats are created everyday which puts the company's andindividual's critical data at risk. Therefore, enterprises are deployingsecurity orchestration solutions to detect and respond to threats and databreaches within their networks, and endpoints.
Threat intelligence segment to play a key role in the Security Orchestration Market
Network forensics is expected to have the largest marketshare and dominate the Security Orchestration Market from 2016 to 2021, as moreand more companies are adopting network forensics solutions to manage andmonitor computer network traffic. Threat intelligence is expected to play a keyrole in changing the security orchestration landscape and is projected to growat the highest growth rate during the forecast period. The reason being, thedemand for security orchestration solutions with threat intelligencecapabilities have increased.
Government vertical is expected to grow the fastest inthe security orchestration market
BFSI vertical is expected to contribute the largestmarket share in the security orchestration market, due to the increase inonline banking transactions for businesses via web and mobile devices.Government sector is expected to grow at the highest CAGR from 2016 to 2021 inthe security orchestration market, as government agencies hold critical andsensitive information of citizens, which are considered as the prime target forcyber criminals.
North America is expected to contribute the largest market share,whereas APAC is expected to grow the fastest
North America is expected to have the largest market share and dominatethe Security Orchestration Market from 2016to 2021, due to the presence oflarge number of security orchestration vendors across this region. On the otherhand, APAC offers potential growth opportunities in the security orchestrationmarket, as there is a wide presence of SMEs that are turning towards securityorchestration solutions to defend against advanced cyber threats.
The major vendors in the Security Orchestration Marketinclude FireEye, Inc. (U.S.), Cisco Systems, Inc. (U.S.), Intel Security(U.S.), IBM Corporation (U.S.), Huawei Technologies (China),Hexadite (U.S.), Phantom Cyber Corporation (U.S.), Tufin (Israel), Swimlane LLC (U.S.), and CyberSponse Inc.(U.S.). Other noticeable vendors include Ayehu Software Technologies, Ltd (Israel), and Optiv Security Inc. (U.S.).
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