“The rise in security breaches and incidents will drive the security orchestration market”
The security orchestration market size is estimated to grow from USD 826.1 million in 2016 to USD 1682.4 million by 2021, at Compound Annual Growth Rate (CAGR) of 15.3%. The security orchestration market is driven by factors such as rise in security breaches & incidents, dramatic growth in the BYOD trend affecting Small and Medium Enterprises (SMEs), and rapid deployment & development of cloud-based solutions. Whereas, high cost of fraud detection and prevention solutions may restrict market growth and lack of awareness of advanced cyber threats may limit the growth of the security orchestration market.
“Managed services segment is expected to grow at the highest CAGR during the forecast period”
The organizations are rapidly growing their partnership networks to deploy the security solutions across the globe. Thus, the managed services segment is expected to grow at the highest CAGR during the forecast period. However, professional services segment is expected to have the largest market size in 2016.
“Network forensics segment is expected to grow at the highest CAGR during forecast period”
Network forensics segment is estimated to grow at the highest CAGR during the forecast period, as the networks are primarily being targeted by cybercriminals using advanced attacking techniques. Moreover, organizations are adopting network forensics solutions to manage and monitor their computer network traffic. Furthermore, threat intelligence will have the largest market size in 2016, as the demand for security orchestration solutions with threat intelligence capabilities have increased.
“Asia-Pacific (APAC) is expected to have the highest growth rate during the forecast period”
APAC includes emerging economies, such as China, Australia, Singapore, and India, which are rapidly deploying security orchestration solutions. APAC is expected to grow at the highest CAGR during the forecast period. This is mainly due to the rise in cyber-attacks in verticals such as BFSI, government, IT telecom, energy & utilities, healthcare, and retail with the growing volume of sensitive data and transactions. Furthermore, North America is expected to have the largest market size in 2016.
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In-depth interviews were conducted with CEOs, marketing directors, innovation & technology directors, and executives from various key organizations operating in the security orchestration market.
- By Company Type: Tier 1: 55%, Tier 2: 20%, Tier 3: 25%
- By Designation: C-Level: 60%, Director Level: 25%, Others: 15%
- By Region: North America: 10%, Europe: 20%, APAC: 40%, ROW: 30%
The report includes the study of key players offering security orchestration solutions such as 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.)
The report provides a picture on security orchestration solutions and associated services across different verticals and regions. It aims at estimating the market size and future growth potential of this market, across different segments such as components, applications, deployment modes, organization size, verticals, and regions. Furthermore, the report also includes an in-depth competitive analysis of the key players in the market along with their company profiles, SWOT analysis, recent developments, and key market strategies.
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Table of content
1 INTRODUCTION 15
1.1 OBJECTIVES OF THE STUDY 15
1.2 MARKET DEFINITION 15
1.3 MARKET SCOPE 15
1.3.1 MARKETS COVERED 16
1.3.2 YEARS CONSIDERED FOR THE STUDY 16
1.4 CURRENCY 17
1.5 LIMITATIONS 17
1.6 STAKEHOLDERS 17
2 RESEARCH METHODOLOGY 18
2.1 INTRODUCTION 18
2.2 RESEARCH DATA 19
2.2.1 SECONDARY DATA 19
188.8.131.52 Key data from secondary sources 19
2.2.2 PRIMARY DATA 20
184.108.40.206 Key data from primary sources 20
220.127.116.11 Key industry insights 21
18.104.22.168 Breakdown of primary interviews 21
2.3 MARKET SIZE ESTIMATION 22
2.3.1 BOTTOM-UP APPROACH 22
2.3.2 TOP-DOWN APPROACH 23
2.4 MARKET BREAKDOWN AND DATA TRIANGULATION 24
2.5 RESEARCH ASSUMPTIONS 25
3 EXECUTIVE SUMMARY 26
4 PREMIUM INSIGHTS 31
4.1 ATTRACTIVE MARKET OPPORTUNITIES IN THE GLOBAL SECURITY ORCHESTRATION MARKET 31
4.2 SECURITY ORCHESTRATION MARKET, BY COMPONENT 31
4.3 SECURITY ORCHESTRATION MARKET, BY INDUSTRY VERTICAL AND REGION 32
4.4 LIFECYCLE ANALYSIS, BY REGION 32
5 MARKET OVERVIEW 34
5.1 INTRODUCTION 35
5.2 MARKET EVOLUTION 35
5.3 MARKET SEGMENTATION 36
5.3.1 BY COMPONENT 36
5.3.2 BY APPLICATION 37
5.3.3 BY DEPLOYMENT MODE 37
5.3.4 BY END USER 37
5.3.5 BY INDUSTRY VERTICAL 38
5.3.6 BY REGION 38
5.4 MARKET DYNAMICS 39
5.4.1 DRIVERS 39
22.214.171.124 Rise in security breaches and incidents 39
126.96.36.199 Dramatic growth in the BYOD trend affecting SMEs 40
188.8.131.52 Increasing network complexity and frequent changes in network infrastructure 40
5.4.2 RESTRAINTS 40
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