Security Orchestration Automation and Response Market Set for Rapid Growth

1. Downloaded from: justpaste.it/758lm Security Orchestration Automation and Response (SOAR) Market Worth USD 1,791 Million By 2024- Exclusive Report by MarketsandMarkets™ Security Orchestration Automation and Response (SOAR) Market According to a research report "Security Orchestration Automation and Response (SOAR) Market by Solutions, Services (Professional Services, Managed Services), Application, Deployment Mode (On-premises, Cloud), Organization Size, Vertical, and Region - Global Forecast to 2024", published by MarketsandMarkets, the SOAR market size is projected to grow from USD 868 million in 2019 to USD 1,791 million by 2024, at a CAGR of 15.6% from 2019 to 2024. The major drivers for the market include the rising need for compliance and enable a centralized view on threats. Browse 48 market data Tables and 29 Figures spread through 124 Pages and in-depth TOC on "Security Orchestration Automation and Response (SOAR) Market by Solutions, Services (Professional Services, Managed Services), Application, Deployment Mode (On-premises, Cloud), Organization Size, Vertical, and Region - Global Forecast to 2024" Request Free Sample Report @ https://www.marketsandmarkets.com/requestsampleNew.asp?id=176584778 Based on component, the services segment is projected to grow at a higher CAGR than the solutions segment during the forecast period SOAR is offered as a platform or as a solution by the cybersecurity vendors. The platform enables organizations to collect data from various sources and respond to security operations from a single system. The SOAR platform allows different solutions to integrate with each other and automate tasks across products through workflows while also allowing human intervention. The implementation of these solutions is done in public or private organizations to manage security alerts and to prevent further cyberattacks. As the sophistication level in cyberattack vectors is increasing, organizations are adopting security services to address rising risks in a continuously evolving threat landscape. The security services market is segmented into 2 major types, namely, professional services and managed services. Based on application, the threat intelligence segment is projected to lead the market during the forecast period Threat intelligence solutions collect and analyze information about existing and evolving threat vectors from multiple sources to provide actionable threat intelligence feeds and reports, which can be effectively utilized by various security control solutions. Such solutions keep organizations informed of the risks of Advanced Persistent Threats (APTs), zero-day attacks, and threats, and help protect themselves against the possibilities of data breach occurrences. With the increasing dependence of organizations on information and communication technologies to ease various business processes, they are exposed to various cybercrimes

2. and security vulnerabilities. Threat intelligence solutions provide effective and reliable threat detection to alleviate cyber threats based on security events and security intelligence feeds, manage business risks, reduce potential damage, and improve organizations’ entire security infrastructure. Security Orchestration Automation and Response Market Players: Key market players profiled in this report include IBM Corporation (US), FireEye (US), Cisco Systems Inc. (US), Rapid7 (US), Splunk Inc. (US), Swimlane LLC (US), Tufin (US), ThreatConnect (US), Demisto (Palo Alto Networks) (US), DFLabs (Italy), LogRhythm (US), Siemplify (US), Resolve Systems (US), CyberSponse (US), and Exabeam (US). These players offer SOAR solutions to cater to the demands and needs of the market. The major growth strategies adopted by these players include partnerships, collaborations & agreements, and new product launches/product enhancements. About MarketsandMarkets™ MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions. Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the “Growth Engagement Model —GEM”. The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write “Attack, avoid and defend” strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve. MarketsandMarkets’s flagship competitive intelligence and market research platform, “Knowledgestore” connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets. Contact: Mr. Aashish Mehra MarketsandMarkets™ INC. 630 Dundee Road Suite 430

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