security-automation-market-size-trends-growth

1. Rising Cybersecurity Threats Propel the Growth of Security Automation Solution According to a research report "Security Automation Market by O?ering (Solutions, Services), Code Type, Technology (AI & ML, Predictive Analytics), Application (Network Security, IAM), Vertical (BFSI, Manufacturing, Media & Entertainment) and Region - Global Forecast to 2028" published by MarketsandMarkets, the security automation market is projected to grow from USD 8.9 billion in 2023 to USD 16.7 billion by 2028, at a compound annual growth rate (CAGR) of 13.4% during the forecast period. The security automation market is expected to grow significantly during the forecast period, owing to various business drivers like the rising cybersecurity threats and complexity, and the growing ability to detect and respond to security incidents in real- time. Market Dynamics Drivers Rise in cybersecurity threats and complexity Increase in ability to detect and respond to security incidents in real time Growth in incidents of phishing emails and ransomware Need to ensure consistent adherence to security policies and facilitate audit trails Restraints Concerns related to data privacy Uncertainty in third-party applications Opportunities Rise in advent of predictive analytics to anticipate potential threats Advancements in quantum computing to mitigate quantum-based attacks List of Top Companies in Security Automation Market: Palo Alto Networks (US) Splunk (US) CyberArk (US) Check Point (Israel) CrowdStrike (US) Red Hat (US)

2. Cisco (US) Carbon Black (US) Trellix (US) IBM (US) According to market research Download PDF for game changing business opportunities By services, managed services to register for the highest CAGR during the forecast period The services segment of the security automation market is growing rapidly. The managed services are vital in properly functioning security automation solutions. Security automation vendors require technical support and consulting services to deploy their solutions quickly and smoothly in the market. Managed services are crucial in the security automation market as they o?er specialized services and support to organizations requiring security automation solutions. Their role encompasses various aspects that help businesses leverage the full potential of these technologies e?ectively. By technology, AI & ML to register for the highest market size during the forecast period AI and ML technologies are playing a pivotal role in shaping the landscape of the security automation market. These advanced technologies are revolutionizing the way organizations detect, respond to, and mitigate cybersecurity threats. AI and ML have become integral components of security automation, driving the growth and evolution of this market. Request Sample @ https://www.marketsandmarkets.com/requestsampleNew.asp?id=266165 By region, Asia Pacific accounted for highest growth rate during forecast period Asia Pacific is witnessing significant technological innovation in security automation. Several Asian countries, such as Japan, China, and India, are leveraging information- intensive technologies, and security automation is one of the leading technology trends. With new growth opportunities declining in conventional, strong markets such as North America and Europe, several vendors are interested in Asia Pacific. China, Japan, and India are technology-driven countries and present major opportunities in terms of investments and revenues. About MarketsandMarkets™

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