Major Players - Security Orchestration Industry

Jun, 2023 - by CMI

Major Players - Security Orchestration Industry

Security orchestration is a method for integrating disparate security systems and connecting security instruments. It is the connected layer that enables security automation and streamlines security processes. Security breaches and accidents will boost up the market development. BYOD's impact on SMEs is expected to drive the security orchestration industry. Security orchestration is predicted to get enhanced due to network complexity and frequent infrastructure upgrades. Security orchestration solutions protect enterprise network-connected systems and endpoints. This should boost the worldwide security orchestration market. The security orchestration market is expected to be hampered by the lack of understanding of emerging cyberattacks. It's hard to manage the company's network infrastructure, which slows market growth. Safety analytics combined with defense orchestration may challenge the market. This will slow the global security orchestration market. 

The Security Orchestration Market is forecast to reach at a CAGR of 18.3% between 2022 and 2030.

Top Companies in the Security Orchestration Industry:

1. IBM Corporation

IBM Corporation (IBM) headquartered in Armonk, N.Y., is a multinational technology business. The Computing-Tabulating-Recording Company (CTR) was founded in 1911 and renamed IBM in 1924. IBM operates in approximately 170 countries. According to the reports of the IBM Security X-Force Threat intelligence Index 2023 , which is in the 11th year, gives us the latest insights to help CISOs, security teams, and business leaders understand how to improve their organization’s cybersecurity posture to match the changing threat landscape. 

2. Accenture PLC.

Accenture PLC. is an Irish-American professional services company, founded in 1989 and headquartered in Dublin, that focuses on services and consulting related to information technology. It serves its clients in more than 120 countries. In December 2022, Experts from Accenture have released nine cybersecurity forecasts for 2023, anticipating an increase in destructive intrusions and quantum computing threats.

3. DFLabs SpA

DFLabs SpA based in Milan, Italy, was founded in 2004, provides cybersecurity threat response automation and orchestration solutions to leading companies and managed security services providers. In 2021, Sumo Logic acquired DFLabs. In Feb 2023, Francisco Partners, a global investment firm, has acquired Sumo Logic and plans to invest in the company and assist it in exploring methods to "make the world's digital experiences reliable and secure,"

4. SIRP Lab Ltd

SIRP Lab Ltd was founded in 2018 and is headquartered in United States.  It operates in In June 2021, the Business Intelligence Group announced SIRP as the winner of the 2021 Fortress Cyber Security Awards in the Incidents Response category.

5. Tufin Software Technologies Ltd

Tufin Software Technologies Ltd is an American network security company, founded in 2005, headquartered in Boston, Massachusetts, United States. It operates in six offices worldwide, and over 500 employees globally. In 2022, the company was acquired by Turn/River Capital and the agreement value of the company was $570 Million. The recent owner of the company is Turn/River Capital.

6. Forescout Technologies Inc.

Forescout Technologies Inc. was founded in 2000 and is headquartered in San Jose,California, United States. It operates in Canada, the US, the UK, the Netherlands, India, Japan, Israel and the United Arab Emirates.  Forescout provides automated protection for the whole digital landscape and managing cyber risk through automation and insights based on data is a process that never ends. In April 2023, Forescout announced it’s won of 10 awards from Cyber Defense Magazine (CDM), the industry’s leading electronic information security magazine at the 11th Annual Global InfoSec Awards at RSA 2023.

7. Cisco System Inc.

Cisco System Inc. is an American multinational corporation, founded in 1984 has its headquarters in San Jose, California. It also has major operations in Research Triangle Park, NC, and Chelmsford, MA, as well as more than 225 sales and support offices in 75 countries. In March 2023, Cisco Systems announced plans to acquire Lightspin, a cloud security software company, as the networking giant carries out its mission to unify its security portfolio.

8. FireEye Inc.

FireEye Inc. is an American computer and network security company, founded in 2004, headquartered in Milpitas, California. FireEye operates across 67 countries.

9. Palo Alto Networks Inc.

Palo Alto Networks Inc. was founded in 2005 and is headquartered Santa Clara, California, U.S. It operates in over 70,000 organizations in over 150 countries, including 85 of the Fortune 100. In April 2023, Infosys partners with Palo Alto Networks to secure complex and mission-critical environments by incorporating an evolving portfolio of solutions into managed services. Palo Alto Networks' Cortex XSIAM modernizes security procedures.

Definition: Security orchestration allows you to share information easily, enabling multiple tools to respond to incidents as a group, even when the data is spread across a large network and multiple systems or devices

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