Jul 07, 2020 (AmericaNewsHour) -- The report covers the forecast and analysis of the Security Orchestration Automation and Response (SOAR) Market on a global and regional level. The study provides historical data from 2015 to 2019 along with a forecast from 2019-2026 based on revenue (USD Million). In 2018, the worldwide GDP stood at USD 84,740.3 Billion as compared to the GDP of USD 80,144.5 Billion in 2017, marked a growth of 5.73% in 2018 over previous year according to the data quoted by International Monetary Fund. This is likely to impel the growth of Security Orchestration Automation and Response (SOAR) Market over the period 2019-2026.
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Security orchestration is all about collecting and consolidating information from a variety of sources. For instance, in a suspicious file, inorder to understand the risk it poses, it is essential to know its source and whether it contains any known malware or not. This takes time to get these responses manually. The use of SOAR solution provides quick access to vital security information, it investigates more efficient and provides all essential information inorder to make the best decisions possible.
The Security Orchestration Automation and Response (SOAR) market shows a significant demand owing to rising number of false alerts. Lack of concentrated view on threats is also a factor contributing to the growth of market. Moreover, the aspects such as lack in availability of staffs and strict regulations and compliances are also two aspects driving the demand for SOAR ecosystem. However, lack of knowledge and awareness among numerous firms may restrain the growth of SOAR market growth.*
Market growth is driven by various factors, such as increasing cyberattacks, lack in the availability of staff, stringent regulations and compliances, lack of centralized views on threats, and high number of false alerts, which are contributing a considerable share in the SOAR ecosystem.
Market growth is influenced by factors like growing cyber-attacks, absence of staff availability, strict laws and compliance, absence of centralized views on threats, and a large amount of false alerts that contribute significantly to the SOAR ecosystem.
Major vendors offering SOAR solutions include IBM Corporation (US), FireEye (US), Cisco Systems Inc. (US), Rapid7 (US), Splunk Inc. (US), Swimlane LLC (US), Tufin (US), ThreatConnect (US), Demisto (Palo Alto Networks) (US), DFLabs (Italy), LogRhythm (US), Siemplify (US), Resolve Systems (US), CyberSponse (US), and Exabeam (US). The study includes an in-depth competitive analysis of these key market players, along with their profiles, recent developments, and key market strategies.
On the basis of Component
On the basis of Organization size
On the basis of Services
On the basis of Application
On the basis of Deployment Mode
By Regional Ananlysis
*Rest of Europe
*Rest of Asia-Pacific
*Rest of LATAM
Middle East & Africa
*Rest of MEA