Market Research Future (MRFR) analysed the global security orchestration market 2020 through the study period till 2023. By 2023 the global security orchestration market can rise at about 15% CAGR. By end of the analysis period, the value of security orchestration global market can touch USD 2,123.5 Million.
Key Player of Security Orchestration Market are:
Hexadite (U.S.), Intel Security (U.S.), FireEye, Inc. (U.S.), Cisco Systems, Inc. (U.S.), Phantom Cyber Corporation (U.S.), IBM Corporation (U.S.), Huawei Technologies (China), Tufin (Israel), Swimlane LLC (U.S.), and CyberSponse Inc. (U.S.) are some reputed marketers of security orchestration that are listed by MRFR.
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The forces that can influence the market dynamics are discussed vividly in the report. The impact of novel coronavirus outbreak on market of security orchestration market is presented in the report. Increase in demand for security orchestration solution can favor expansion of the market in the near future. The rise in demand to improve security operations threshold of different enterprises can support expansion of the market. The growing application of technological integration and surge in deployment of tools that can aid enterprises adopt advanced security technologies for the protection of both external resources and internal resources can favor the security orchestration market in the study period.
Well-known player in the worldwide market of security orchestration can offer effective solutions to minimize risk exposure, maintain a process consistency in security program, and improve their response time. Thus, the growing need to boost security orchestration in the analysis period can favor market expansion. Security orchestration can assists in effective management of their team and operations associated with security programs can also cause the market to thrive. The rise in demand for cloud-based security solution can aid the market gain momentum.
The segment evaluation for the worldwide security orchestration market is done by component, deployment, organization size, vertical, and application. The component-based segments of the security orchestration market are service and solution. The service-based segments of the security orchestration market are support and maintenance, consulting services, professional services, managed services, and training and education. The application-based segments of the worldwide security orchestration market are network forensics, threat intelligence, ticketing solutions, and compliance management among others. The deployment-based segments of the worldwide security orchestration market are cloud, and on-premise among others. The organization size based segments of the security orchestration market are large enterprises and small and medium enterprise. The end-user based market segments of the market are IT & telecommunication, energy and utilities, retail, healthcare, and government, BFSI among others.
In North America, the market of global security orchestration market can thrive owing to the emergence of regional trends for effective security orchestration. In Europe and Asia Pacific, the market can surge due to the presence of top-notch companies in the geography. The expansion of the security orchestration market can be attributed to the increase in number of top research and development centers across APAC can support expansion of the market in the near future. The pressing need for cutting-edge security technology can favor APAC security orchestration market surge across the assessment study period. The immediate need to rising combat cyber-attacks can push EU security orchestration market upsurge in the near future.
The growing demand for security orchestration solution across the EU and rapid deployment for cloud-based solutions can favor expansion of the market in the near future. The surge in security breach incidents and gradual popularity of BYOD trend can push the market through the assessment period. Increase in deployment for handling security orchestration solutions by several companies can protect the market rise in the near future.
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