Market Study: Security Orchestration Market 2019 is Anticipated to Reach US$ 17.6% Billion by 2024 and contribute to globe | 360 Market Updates
Security Orchestration Market Report Title: “Security Orchestration Market – Growth, Trends, and Forecast (2019 – 2024)”
Security Orchestration Market (2019 – 2024) report provides the accurate CAGR with complete market overview, list of key players, scope of the report, key market trends of Security Orchestration market and main aspects about why should buy this research report.
Security Orchestration Market Overview:
The security orchestration market has registered a CAGR of 17.6% during the forecast period (2019 – 2024). The implementation of security orchestration across various organizations can help to manage security alerts and prevent severe cyber-attacks. As the sophistication level in cyber-attacks is increasing, security vendors are trying to develop better orchestration platforms to provide proactive, as well as holistic security architecture to handle critical business applications.
– Increase in the security breaches & occurrences due to dramatic growth in the BYOD trend affecting SMEs along with the rapid deployment & development of cloud-based solutions is fueling the application of security orchestration among various organizations.
– The rise in the application of network forensics is expected to drive the market demand as more and more companies are adopting the security orchestration platform to monitor and manage their computer network traffic.
– Growing adoption of various IT enabled services & solutions due to the growing popularity of connected devices has further boosted the amount of data generated daily subsequently resulting in vast scope for potential vulnerabilities that need effective management as well as containment.
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List of Key-players/Leading Manufacturers:
Scope of the Security Orchestration Market Report:
Security orchestration is the method of connecting security tools and integrating diverse security systems by the help of a connected layer that streamlines security processes and powers security automation. It joins disparate cybersecurity technologies and processes for simpler, more effective security operations, having multiple security tools in place to prevent, detect and remediate threats.Security orchestration empowers organizations to automatically respond to security alerts, thereby leveraging over deep technology integrations with existing tools, which are able to rapidly gather contextual alert data from various sources, analyze the security intelligence, and recommend a course of action to execute the required preventative actions with automation.
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Key Trends Of Security Orchestration Market:
IT & Telecommunication Sector is Projected to Record Significant Growth
– As the IT sector is growing day by day, the network architecture and network complexity are also becoming denser in nature, due to which organizations are continuously undertaking frequent changes in order to strengthen their network architecture according to business needs. To overcome these issues, organizations need a single security solution, which can easily adopt the network changes and can easily manage the network complexity through a single console.456- The security vendors across the telecom sector are trying to develop their orchestration platforms in order to provide advanced security to the critical business applications owing to the rise in the cyber attacks across the emerging market.456- Moreover, with the proliferation of cloud computing and the data-on-demand generation across data centers, the technology environment has become so critical that many organizations are creating their business plan around the capabilities of IT premises. With the help of powerful security management suites, IT companies are able to orchestrate the automated security platform across application-centric solutions for managing complex policies across firewalls and related security infrastructure.
North America Accounts for the Largest Market Share
– North America dominates the security orchestration market owing to the existence of a large number of prominent security orchestration vendors across the region, such as IBM Corporation, DXC Technology Company, Cisco System Inc., FireEye Inc. among others.456- The growing end-user industries coupled along with the government expenditure towards critical and important infrastructure along with the well-established research & development center and demand for cutting-edge security technology across the region is expected to drive the market growth. 456- Industries such as banking, healthcare, and government organizations, hold databases of sensitive information, are preferred targets for hackers, owing to huge information contained. To safeguard such critical data, there is a need for robust intrusion protection and security solutions, along with suitable network security solutions.
Reasons to Purchase Security Orchestration Market Report:
- The report analyses how the stringent emission control norms will drive the global Security Orchestration market.
- Analysing various perspectives of the market with the help of Porter’s five forces analysis.
- Study on the product type that is expected to dominate the market.
- Study on the regions that are expected to witness fastest growth during the forecast period.
- Identify the latest developments, market shares and strategies employed by the major Security Orchestration market players.
- 3 months’ analyst support along with the Market Estimate sheet (in excel).
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Overview of TOC, what it contains? –
1.1 Study Deliverables
1.2 Study Assumptions
1.3 Scope of the Study
2 RESEARCH METHODOLOGY
3 EXECUTIVE SUMMARY
3.1 Market Overview
4 MARKET DYNAMICS
4.1 Market Drivers
4.2 Market Restraints
4.3 Porter’s Five Forces Analysis
4.3.1 Threat of New Entrants
4.3.2 Bargaining Power of Buyers/Consumers
4.3.3 Bargaining Power of Suppliers
4.3.4 Threat of Substitute Products
4.3.5 Intensity of Competitive Rivalry
5 MARKET SEGMENTATION
5.1 Product Type
5.2 Distribution Channel
6 COMPETITIVE LANDSCAPE
6.1 Market Share Analysis
6.2 Most Active Companies
6.3 Most Adopted Strategy
6.4 Company Profiles
7 MARKET OPPORTUNITIES AND FUTURE TRENDS
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