Global Security Orchestration Market Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast to 2028

Global Security Orchestration Market Overview

“The global Security Orchestration market size is expected to be worth around US$ xx Billion by 2021 from US$ X.xx million in 2031, growing at a CAGR of X.x% during the forecast period 2021 to 2031.”

Security orchestration refers to the process of collaborating and integrating people, processes, and technology in an effective way. Security orchestration is adopted primarily to strengthen the security framework of an organization.

It powers security automation and streamlines security processes. Security orchestration is achieved by connecting disparate security tools and technologies together, streamlining the security processes in the workflow, and by maintaining a balance between human intervention and machine-powered security automation.

Global Security Orchestration Market: Dynamics

The increasing incidence of cyber-attacks across the various industry verticals is a key factor to drive the growth of the global security orchestration market owing to its ability to streamline the detection, response, and remediation of threats in an automated way.

Increasing adoption of security orchestration by banking and insurance companies in developing and developed countries is among some of the major factors to boost the growth of the target market owing to its capability to rescue complex and reactive processes.

Growing demand for BYOD is resulting in high adoption of security orchestration by small and medium scale enterprises owing to its ability to translate complex processes into streamlined workflows.

However, lack of awareness regarding security orchestration among industry verticals and rising sophisticated cyber threats are major factors that would decline the growth of the target market.

Furthermore, the proliferation of cloud computing is a challenging factor that could hamper the growth of the target market to a certain extent.

Global Security Orchestration Market: Segment Analysis

Small and medium-sized enterprises segment, among the organization size segments, is expected to dominate in the target market owing to the increasing adoption of security orchestration by these enterprises. This is attributed to its ability to respond to malicious events or activities quickly and effectively.

Global Security Orchestration Market: Region Analysis

The security orchestration market in North America is expected to dominate the global market. Increasing cyber-attacks from the recent past and the high budget of government institutes for improvising and enhancing infrastructure security are factors expected to support the growth of the target market in this region.

The security orchestration market in the Asia Pacific is expected to contribute a high revenue share in the global market.

The rising number of small and medium scale enterprises in this region and increasing digitalization activities to enhance the threat responsive systems are factors expected to support the growth of the target market in this region.

The security orchestration market in Europe is projected to contribute to significant revenue growth in the global market. Whereas, the security orchestration market in Latin America is expected to register substantial growth in the global market in the coming 10 years.

Furthermore, the security orchestration market in Middle East & Africa is expected to register lucrative growth in terms of revenue in the potential market owing to increasing urbanization and the rapidly growing information technology sector in this region.

Global Security Orchestration Market Segmentation:

Segmentation by Component:

• Solution
• Services

Segmentation by Organization Size:

• Large Enterprises
• Small and Medium-Sized Enterprises (SMEs)

Segmentation by Deployment Mode:

• Cloud
• On-Premises

Segmentation by Industry Vertical:

• Energy and Utilities
• Retail and Commerce
• Media and Entertainment
• Banking, Financial Services, and Insurance (BFSI)
• Information Technology (IT) and Telecommunications
• Others (Manufacturing, Travel and Hospitality, Transportation and Logistics, Food & Beverage, Healthcare and Life Sciences, etc.)

Segmentation by Region:

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa