Security Orchestration Automation And Response Market Size, Share & Trends Analysis Report By Service (Threat & Vulnerability, Incident Response, Security Operations Response), By Deployment Type, By Region, And Segment Forecasts, 2023 To 2030

Security orchestration automation and response (SOAR) is a collection of technologies, processes, and practices aimed at automating and streamlining security operations. SOAR aims to improve security teams efficiency and effectiveness by integrating diverse security tools and technologies, automating repetitive processes, and offering real-time incident response capabilities. SOAR solutions often include threat intelligence, incident management, case management, workflow automation, and reporting and analytics. These platforms use machine learning and artificial intelligence algorithms to detect and respond to security problems in real-time, as well as to constantly enhance their threat detection and response capabilities.

SOAR is becoming more important as businesses struggle to keep up with the volume of security data generated by their networks and systems in the face of a rising number of security threats and attacks. SOAR can help organizations enhance their security posture and minimize the risk of cyberattacks by allowing security professionals to automate regular operations and focus on more difficult security challenges. Some of the key factors driving the growth of the SOAR market include, increasing sophistication of cyberattacks, shortage of cybersecurity talent, growing adoption of cloud services, regulatory compliance requirements. The SOAR market is expected to continue to grow as organizations seek to improve their cybersecurity posture and respond more effectively to the evolving threat landscape.

The COVID-19 pandemic had a significant impact on the security orchestration automation and response industry. The pandemic increased demand for SOAR with many organizations shifting to remote work due to the pandemic, there has been an increased demand for SOAR solutions to help manage security incidents across a distributed workforce. The demand for the security orchestration automation and response industry is very high in the North America, Central America, and the Asia Pacific regions. According to Blackberry Limited, the U.S. experienced the greatest number of cyberattacks which is 65% followed by Brazil and Canada that is 10% and 7%, which is expected to boost the demand for SOAR solutions in these regions. 

Security Orchestration Automation and Response Market Segmentation

• By Type

  • Threat & Vulnerability

  • Incident response

  • Security operations response

• By Deployment type

  • Cloud based.

  • Premises based.

  • Others (software)

• By Region

• North America

  • U.S.

  • Canada

• Europe

  • UK

  • Germany

  • France

  • Italy

  • Spain

  • Denmark

  • Sweden

  • Norway

• Asia Pacific

  • Japan

  • China

  • India

  • Australia

  • Thailand

  • South Korea

• Latin America

  • Brazil

  • Mexico

  • Argentina

• Middle East & Africa

  • South Africa

  • Saudi Arabia

  • UAE

  • Kuwait

• Key players

  • African Rainbow Minerals

  • J and J Materials

  • Russian Platinum

  • Vale SA

  • Northam Platinum

  • Anglo American Platinum

  • Norilsk Nickel

  • Sibanye-Stillwater

  • Noah Chemical

  • Sibanye Gold Limited