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Security Orchestration Market by Component, Application, Deployment Mode, End User, and Vertical, Region - Global Forecast to 2021

Security Orchestration Market: Global Forecast until 2021

  • October 2016
  • 145 pages
  • ID: 4284028
In this report:
The APAC region is expected to grow at the highest CAGR of ##.##% from 2016 to 2021, since consultation services provide security confidence and assurance for businesses, governments, and critical infrastructures of growing economies, thereby helping in offering protection against APTs, ransomwares, and other threats.

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"The increase in security breaches and incidents will drive the security orchestration market"

The security orchestration market size is forecasted to grow from $826.10M in 2016 to $1682.40M by 2021, at Compound Annual Rise rate of 15.30 percent. The security orchestration market is influenced by Elements such as growth in security breaches & incidents, dramatic increase in the BYOD trend affecting Small and Medium Enterprises, and quick deployment & development of cloud-based solutions. Because, high cost of fraud detection and prevention solutions may restrict industry growth and lack of awareness of advanced cyber threats may limit the increase of the security orchestration market.

"Managed services segment is anticipated to grow at the maximal CAGR during the outlook period"

The institutions are quickly increasing their partnership networks to deploy the security solutions across the world. Therefore, the managed services segment is anticipated to increase at the maximal CAGR (Compound annual growth rate) during the estimate period. Nevertheless, professional services segment is planned to have the most important industry size in 2016.

"Network forensics segment is anticipated to rise at the maximal compound annual growth rate (CAGR) during projection period"

Network forensics segment is forecasted to grow at the highest CAGR (Compound annual growth rate) during the outlook period, as the networks are primarily being targeted by cybercriminals using advanced attacking techniques. Furthermore, institutions are adopting network forensics solutions to manage and monitor their computer network traffic.

As well, threat intelligence will have the biggest sector size in 2016, as the industry demand for security orchestration solutions with threat intelligence capabilities have increased.

"Asia Pacific (APAC) is intended to have the maximum growth rate during the estimate period"

Asia-Pacific includes emerging economies, such as china (CN), Australia (AU), Singapore (SG), and India (IN), which are quickly deploying security orchestration solutions. Asia-Pac is anticipated to grow at the highest compound annual growth rate (CAGR) during the outlook period. This is primarily due to the increase in cyber-attacks in verticals including BFSI, government, IT telecom, energy & utilities, healthcare, and retail with the increasing volume of sensitive data and transactions. Additionally, North America continent is forecasted to have the biggest industry size in 2016.

Comprehensive interviews were managed with CEOs, marketing directors, innovative products & technology directors, and executives from numerous main institutions operating in the security orchestration market.

- By Company Type: Tier 1: 55.0 percent, Tier 2: 20.0 percent, Tier 3: 25.0 percent

- By Designation: C-Level: 60.0 percent, Director Level: 25.0 percent, Others: 15.0 percent

- By area: North america (NA): 10.0 percent, Europe: 20.0 percent, APAC: 40.0 percent, ROW: 30.0 percent

The market research includes the study of top players offering security orchestration solutions including FireEye, Incorporated, Cisco Systems (NASDAQ:CSCO), Intel Security, IBM (NYSE:IBM), Huawei Technologies, Hexadite, Phantom Cyber Corporation, Tufin, Swimlane LLC, and CyberSponse Inc.

Segment Research

The industry report offers a picture on security orchestration solutions and associated services across several verticals and territories. It aims at evaluating the market value and upcoming growth potential of this market, across distinct segments including components, applications, deployment modes, organization size, verticals, and localities. Moreover, the study also comprises a detailed competitive analysis of the top players in the sector together with their company descriptions, SWOT study, recent evolutions, and key industries strategies.

Main highlights

The analysis will facilitate the market top players/new sector entrants in this sector with data on closest approximations of the revenue numbers for the global security orchestration market and the sub-segments. This industry report will facilitate partners distinguish the competitor overview and obtain additional insights to better option their businesses, and to plan suitable go-to-market approaches. The market research also benefits partners comprehend the pulse of the sector and offers them with info on main market drivers, market restraints, opportunities, and alternatives.

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