Security Orchestration Market 2020: Opportunities, Sales Revenue, Emerging Technologies and Growth Analysis by Forecast to 2023

Overview:

Market Research Future (MRFR), its latest report on the global security orchestration market 2020, reveals forces that can impact the market dynamics. Along with the report, a concrete and reliable analysis of the influence of novel coronavirus outbreak on the security orchestration market is provided. As per MRFR study, the security orchestration market can thrive at above 15% CAGR across the forecast period. MRFR data reveals that security orchestration global market value can reach USD 2,123.5 Million on the conclusion of the assessment period.

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The high rate of adoption of security orchestration solution to boost security operations threshold of enterprises is expected to promote the expansion of the market across the assessment period. The increase in the utility of technological integration and the rise in the employment of existing tools that push enterprises to adopt latest and advanced security technologies for both internal and external resources can impel the expansion of the security orchestration market across the study period.

Notable player in the global market of security orchestration are offering highly effective solutions and services that are associated with security orchestrations. These solutions aid users to minimize risk exposure, improve their response time, and maintain a process consistency during the security program. This can support the expansion of the security orchestration throughout the assessment period in the review period. In addition, security orchestration solutions also assists enterprise to manage their network management team and operations that area related to security programs. The provision of security solutions for cloud-based application with minimal complexity can bolster the expansion of the market across the review period.

Segmentation:

The segment study of the global security orchestration market is based on deployment, component, organization size, application, and vertical. The component segments are solution and service. The service segments of the security orchestration market are training and education, consulting services, support and maintenance, professional services, and managed services. The application based segments of the security orchestration market are threat intelligence, network forensics, compliance management, ticketing solutions, and others. The deployment based segments of the security orchestration market are cloud and on-premise. The organization size based security orchestration market segments are small and medium enterprise and large enterprises. The end-user based market segments are energy and utilities, retail, IT & telecommunication, government, BFSI, healthcare, and others.

Regional Analysis:

North America global security orchestration market is expected to rise at high pace in the study period. Regional trends of the global security orchestration market is studied across Europe, Asia Pacific and the Rest of the World. The existence of top-notch companies in the market is expected to promote the regional market. In addition, the presence of top research & development centers in APAC and the pressing demand for cutting-edge security technology can bolster APAC security orchestration market through the study period. The rise in need to combat cyber-attacks can surge EU security orchestration market growth.

Another key factors that can drive the security orchestration market in EU, is the rapid deployment of cloud-based solutions. Increase in security breach incidents and growth in the BYOD trend are other causes that can push the market growth across the assessment period. However, there are certain factors that can boost the expansion of the market, such as rise in the deployment of security orchestration solutions by different companies that can protect networks from data threats and breaches.

Key Players:

Tufin (Israel), Swimlane LLC (U.S.), Hexadite (U.S.), FireEye, Inc. (U.S.), Intel Security (U.S.), Phantom Cyber Corporation (U.S.), Cisco Systems, Inc. (U.S.), IBM Corporation (U.S.), Huawei Technologies (China), and CyberSponse Inc. (U.S.) and others.

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