Security Orchestration Market

6/12/2017 Security Orchestration Market Worth 1682.4 Million USD by 2021 /PR Newswire India/
PUNE, India, October 26, 2016 /PRNewswire/ ­­
According to a new market research report "Security Orchestration Marketby
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%.
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Browse 76 market data Tables and54 Figures spread through 153 Pages and in­depth TOC
on "Security Orchestration Market"
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Security orchestration is an approach to automatically respond to security incidents and protect IT
systems in organizations from advanced cyber­attacks and vulnerabilities. As the sophistication level in
cyber­attack 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 theSecurity 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 theSecurity 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.
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6/12/2017 Security Orchestration Market Worth 1682.4 Million USD by 2021 /PR Newswire India/
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.).
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