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Major players operating in the security automation industry are Palo Alto Networks, Splunk, Cyberark, Checkpoint, IBM Corporation, Google LLC, and Fortinet which holds over 20% market share across globe. These companies focus on continuous product development and innovation which are essential to meet evolving security needs. Security automation companies invest in research and development to enhance their offerings, adding new features, capabilities, and integrations to stay ahead of the competition.
Major players operating in the security automation industry are:
North America market captured 36% share in 2023, attributed to its advanced technological infrastructure and high adoption rates of digital solutions.
Prominent players operating in the industry are Palo Alto Networks, Splunk, Cyberark, Checkpoint, IBM Corporation, Google LLC, and Fortinet, among others.
The IT & telecom segment achieved 20% of the security automation industry share in 2023, driven by its critical role in managing and protecting vast amounts of data and network infrastructure.
The market size of security automation reached USD 10.6 billion in 2023 and will grow at 12.5% CAGR between 2024 and 2032, due to the growing complexity and variety of cyber threats, including malware, phishing attacks, and advanced persistent threats.