SECURITY ORCHESTRATION MARKET ANALYSIS

Security Orchestration Market Size and Trends

Global security orchestration market is estimated to be valued at US$ 3.62 Bn in 2024 and is expected to reach US$ 9.87 Bn by 2031, exhibiting a compound annual growth rate (CAGR) of 15.4% from 2024 to 2031.

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Increasing cyberattacks and rising demand for centralized security operations can drive the market growth. Furthermore, rising need to automate security operations and integrate it with existing security infrastructure can boost adoption of security orchestration. Emerging technologies like artificial intelligence and machine learning are helping vendors develop more sophisticated security orchestration solutions. Integration of security orchestration platforms with IT service management solutions is a key trend in the market. Adoption across sectors like BFSI, government, and healthcare can drive the market growth during the forecast period. However, high initial investment and complexity of deployment and management of security orchestration solutions can hamper the market growth.

Increasing cyber threats prevalent across varied industry verticals

Evolving cyber landscape along with changing nature of threats has pushed organizations across all industry verticals to bolster their security posture. There has been increase in ransomware attacks, phishing campaigns, malware intrusions and other advanced cyber-attacks, causing monetary losses as well as damaged reputation.

While large enterprises have been traditionally investing sizable amounts in security, mid-market and small organizations are also recognizing the business critical need for integrating robust defense solutions. Traditional siloed point security products are unable to provide the requisite threat visibility and coordinated response capabilities needed to detect and remediate multi-staged complex attacks. There has been growing understanding among CISOs and security leaders that centralized security orchestration, automation and response play a pivotal role in weaving various infrastructure components together to detect threats across environments in a more cohesive manner. This allows enterprises to establish situational awareness, prioritize incidents based on criticality and threat level while ensuring fast and streamlined remediation actions. The continuously evolving nature of cyber risks has made security orchestration an imperative for enterprises aiming to stay ahead of cybercriminals.

Market Concentration and Competitive Landscape

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Advancements in AI and ML driving next-gen orchestration needs

The security industry has witnessed rapid technological progress, especially in the domains of artificial intelligence and machine learning. Advanced threat detection techniques powered by ML offers unprecedented visibility into the attack surface and accurate identification of both known and unknown threats. Achieving comprehensive security postures now requires assimilating data from across different sources including endpoints, network traffic, user behavior and applications logs among others. Advanced security tools are leveraging unsupervised and supervised ML in conjunction with orchestration platforms to achieve convergent detection, correlation of disparate events and coordinated response at scale.

Enterprises are keen to adopt next-generation security solutions that can abstract the complexity of combining different data sources and detection outcomes. AI/ML driven automated orchestration platforms are emerging as a key technology to harness the full potential of modern security tools.

Key Takeaways from  Analyst:

As organizations scale their security infrastructure and adopt best-of-breed point solutions, orchestration becomes critical to tie disparate products together into a coherent defense system. Compliance mandates and regulations  compel companies to automate and streamline incident response procedures.

North America currently dominates the market due to widespread digital transformation and an advanced threat landscape. However, Europe and Asia Pacific are expected to offer lucrative opportunities, owing to increasing government efforts to bolster cybersecurity. Lack of in-house skills required to implement and maintain sophisticated orchestration platforms can hamper the market growth.

Orchestration vendors are focusing on refining risk-based automation, expanding out-of-the-box integrations, and offering cloud-delivered options to boost adoption. As the attack surface multiplies across dispersed IT environments, the ability to detect anomalies, prioritize alerts, and trigger remediation at machine speeds will be critical.

Market Challenges: High investments required for deployment

High investments required for deployment can hamper the global security orchestration market growth. Setting up security orchestration solutions require heavy upfront investments for organizations as these solutions involve the integration of multiple security tools and technologies on a common platform. The integration process is complex and requires dedicated resources and experts to implement it properly. It also needs regular upgrades and maintenance to keep pace with changing security threats landscape. All these activities lead to substantial initial costs.

Market Opportunities: Integration of AI and automation capabilities

The integration of AI and automation capabilities can provide significant opportunities for innovation and growth of global security orchestration market. As cyber threats continue to emerge and evolve at a rapid pace, the ability to automate threat detection and defense across increasingly complex IT ecosystems becomes critically important. AI-powered security solutions that leverage techniques like machine learning can analyze vast amounts of network traffic and security event data at machine speeds to continuously learn patterns of normal vs. abnormal behavior. This type of advanced monitoring and analytics allows anomalies and threats to be identified much more quickly than traditional rule-based systems. It helps reduce the load on stretched security operations teams and enables them to focus on more strategic initiatives.

Centralized security orchestration powered by AI can present a unified view of an organization's security posture across this diverse digital landscape. Automated threat hunting and incident response capabilities that coordinate actions between different security tools like next-generation firewalls, endpoint detection and response solutions significantly improve security outcomes. For example, AI/ML models trained on global threat intelligence can analyze threats detected locally and recommend effective response actions without human intervention expediting the containment process. This level of orchestration and automation is essential to manage security at scale and stay ahead of the evolving tactics of sophisticated attackers.

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In terms of offering, software segment contributes the highest share of the market due to increasing adoption of advanced threat protection solutions

By offering, software segment  is estimated to contribute the highest market share of 62.4% in 2024, due to increasing adoption of advanced threat protection solutions by organizations across various industries. As cyber attacks become more sophisticated, businesses are focusing on implementing security orchestration software that offer automated detection and response capabilities. Software provides a centralized interface for security administrators to monitor threats across different security tools and coordinate response actions in real-time. This saves valuable time for security teams and improves their efficiency in mitigating damage from security breaches.

Security orchestration software helps consolidate security processes on a single platform, eliminating the need to navigate through multiple consoles. This streamlines security operations and allows enterprises to achieve enhanced visibility and control over their dispersed IT infrastructure. Various software vendors also offer regular updates and product upgrades to their solutions, allowing customers to leverage new features and capabilities as threat landscapes evolve. Increasing preference for cloud-based security tools with robust orchestration layers boosts demand for security orchestration software worldwide.

By End User Industry- IT and Telecommunication segment contributes the highest share due to need for advanced security across complex networks

By end user industry, IT and telecommunication segment is estimated to contribute the highest market share of  49.3% in 2024, due to growing need for advanced security orchestration solutions across their complex networks that span different geographies. As digital transformation initiatives gather pace in the IT and telecom sector, the attack surface for cybercriminals also widen.

Traditional security tools are unable to provide adequate protection due to dynamic nature of IT infrastructure in this industry. This has boosted investments in automated security orchestration platforms tailored for managing security policies and response measures across hybrid IT environments. The integration of security orchestration with existing security investments further enhances visibility and control for IT and security teams in these organizations. It helps streamline compliance tasks, prioritize threats based on business criticality, minimize security blind spots and reduce dwell time during breaches.

With 5G rollouts and proliferation of IoT/OT devices, the need for cross-domain threat visibility and coordination becomes even more crucial for maintaining business continuity. The IT and telecom sector's early adoption of advanced security orchestration solutions can revolutionize security operations management for this industry.

Regional Insights

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North America dominates the security orchestration market, with an estimated market share of 34.1% in 2024. This can be attributed to strong presence of key industry players as well as early adopter customers in sectors like financial services, healthcare and government in countries like the US. Majority of the leading security orchestration vendors such as Palo Alto Networks, IBM, Cisco and Arista Networks have their headquarters located in the U.S., which enables them to cater effectively to the local demand. Furthermore, regulations around data protection and cybersecurity are most stringent in North America, driving several large enterprises to incorporate advanced orchestration platforms to detect and respond to threats proactively.

Being an economic powerhouse, the region witness  heavy cross-border data flows and trade activities. This exposes the infrastructure and assets to a wide range and high frequency of attacks. Security orchestration has emerged as a crucial tool for enterprises to gain unified visibility and control over their IT and operational environments spread across multiple locations and jurisdictions.

Asia Pacific region has emerged as the fastest growing regional market for security orchestration. Rapid digitization of economies, increasing internet penetration and emergence of digital-first companies drive more reliance on technology in the region. This makes the region an attractive target for hackers and boosts the need for advanced security measures. Countries like India, China, Japan and Australia have witnessed strong economic growth over the past decade and their governments as well as enterprises are investing heavily in cybersecurity to protect their interests. Many global security vendors have been establishing R&D centers and support offices in Asia to cater to increasing local demand driven by security incidents.

Market Report Scope

Security Orchestration Industry News

• In April 2023, Cycode, a leader in software supply chain security, unveiled its new Application Security Orchestration and Correlation (ASOC) solution. This innovative platform accelerates software delivery by implementing consistent, automated, and non-disruptive security controls within development pipelines. It offers security and development teams comprehensive visibility into their tools, unifies alerts on a single platform, and consolidates all notifications to streamline threat management.
• In April 2023, D3 Security, a provider of security orchestration, automation, and response (SOAR) solutions, launched a new version of its Smart SOAR platform. This updated solution is designed to assist managed security service providers (MSSPs) and managed detection and response (MDR) providers in automatically responding to threats and remediating security incidents.
• In March 2023, IBM, a leader in cloud and AI technology, partnered with Cohesity, a prominent data security and management provider, to enhance organizations' data security and reliability in hybrid cloud environments. This collaboration is centered around the development of IBM Storage Defender, an innovative solution designed to utilize AI and event monitoring across various storage platforms. It aims to protect organizations' data layers from threats such as ransomware, human error, and cyberattacks, all through a unified interface.
• In February 2023, Morado Intelligence, a veteran-owned threat intelligence company that helps clients with their cyber threat intelligence and security operations optimization needs, partnered with Cyware, a leading provider of low-code SOAR and threat intelligence automation solutions for businesses, MSSPs/MDRs, ISACs, and ISAOs. The primary objective of this partnership is to enable Morado's impressive list of clients to effectively leverage Cyware's advanced threat intelligence and security orchestration, automation, and response (SOAR) modules. This will allow Morado's clients to efficiently ingest, enhance, analyze, and respond to threat data using Cyware's cutting-edge technology platform.

*Definition: Global Security Orchestration Market provides solutions that help enterprises detect security threats and coordinate incident response by integrating security products, processes and people into a single system. It allows organizations to automate threat detection, investigation and remediation workflows across security tools and platforms to improve overall security posture and reduce incident response time.

Market Segmentation

• Offering Insights (Revenue, US$ Bn, 2019 - 2031)
  • Software
  • Services
•  End User Industry Insights (Revenue, US$ Bn, 2019 - 2031)
  • BFSI
  • IT and Telecommunication
  • Government and Defense
  • E-commerce
  • Others
• Regional Insights (Revenue, US$ Bn, 2019 - 2031)
  • North America
    • U.S.
    • Canada
  • Latin America
    • Brazil
    • Argentina
    • Mexico
    • Rest of Latin America
  • Europe
    • Germany
    • U.K.
    • Spain
    • France
    • Italy
    • Russia
    • Rest of Europe
  • Asia Pacific
    • China
    • India
    • Japan
    • Australia
    • South Korea
    • ASEAN
    • Rest of Asia Pacific
  • Middle East & Africa
    • GCC Countries
    • Israel
    • South Africa
    • Rest of Middle East & Africa
• Key Players Insights
  • Armis
  • Attivo Networks
  • Cisco Systems, Inc.
  • CrowdStrike
  • D3 Security
  • Exabeam
  • FireEye, Inc.
  • Fortinet
  • IBM Corporation
  • Microsoft Corporation
  • Palo Alto Networks
  • Rapid7
  • Splunk
  • Swimlane
  • Tines