Thursday, July 13, 2017

Security Orchestration Market is estimated to grow 1682.4 Million USD by 2021

According to a new market research report "Security Orchestration Market by Component (Solution and Service), Application (Threat Intelligence, Network Forensics, Ticketing Solutions, and Compliance Management), Deployment Mode, End User, and Vertical, Region - Global Forecast to 2021 " published by MarketsandMarkets, the market size is estimated to grow from USD 826.1 Million in 2016 to USD 1682.4 Million by 2021, at an estimated Compound Annual Growth Rate (CAGR) of 15.3%.

Browse 76 market data Tables and 54 Figures spread through 153 Pages and in-depth TOC on "Security Orchestration Market"
Early buyers will receive 10% customization on this report.

Security orchestration is an approach to automatically respond to security incidents and protect IT systems in organizations from advanced cyber-attacks and vulnerabilities. As the sophistication level in cyber-attack is increasing, security vendors are trying to develop better orchestration platforms to provide a proactive and holistic security to critical business applications.

Rise in security breaches and incidents is driving the Security Orchestration Market  
The major forces driving the Security Orchestration Market 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 and individual's critical data at risk. Therefore, enterprises are deploying security orchestration solutions to detect and respond to threats and data breaches 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 market share and dominate the Security Orchestration Market from 2016 to 2021, as more and more companies are adopting network forensics solutions to manage and monitor computer network traffic. Threat intelligence is expected to play a key role in changing the security orchestration landscape and is projected to grow at the highest growth rate during the forecast period. The reason being, the demand for security orchestration solutions with threat intelligence capabilities have increased.

Government vertical is expected to grow the fastest in the security orchestration market 
BFSI vertical is expected to contribute the largest market share in the security orchestration market, due to the increase in online banking transactions for businesses via web and mobile devices. Government sector is expected to grow at the highest CAGR from 2016 to 2021 in the security orchestration market, as government agencies hold critical and sensitive information of citizens, which are considered as the prime target for cyber 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 dominate the Security Orchestration Market from 2016to 2021, due to the presence of large number of security orchestration vendors across this region. On the other hand, APAC offers potential growth opportunities in the security orchestration market, as there is a wide presence of SMEs that are turning towards security orchestration solutions to defend against advanced cyber threats.

The major vendors in the Security Orchestration Market include 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.).

About MarketsandMarkets™: 
MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies' revenues. Currently servicing 5000 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their pain points around revenues decisions.

Our 850-fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model - GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets's flagship competitive intelligence and market research platform, "RT" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

Mr. Rohan
701 Pike Street
Suite 2175, Seattle,
WA 98101, United States
Tel: 1-888-600-6441

Post a Comment