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Security Automation Market Size

Report ID: GMI10548
   |
Published Date: July 2024
 | 
Report Format: PDF

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Security Automation Market Size

Security Automation Market size was valued at USD 10.6 billion in 2023 and is anticipated to register a CAGR of over 12.5% between 2024 and 2032. The increasing complexity and diversity of cyber threats, ranging from malware & phishing attacks to advanced persistent threats, are primary factors driving the market growth. Organizations recognize the limitations of traditional manual approaches in responding to these evolving threats. Security automation empowers them to swiftly detect & counteract threats by automating routine tasks, leveraging advanced analytics, and providing real-time threat intelligence, thereby enhancing their overall cybersecurity posture.

 

Security Automation Market

Incident response automation is a key driver of the security automation market as it significantly reduces the time taken to identify, contain, and mitigate security incidents. It streamlines incident handling processes, automates routine tasks, and ensures rapid response to cyber threats. With the increasing volume & complexity of attacks, organizations are recognizing the need for automated incident response to minimize damage & downtime. This heightened demand for efficient incident response capabilities is fueling the market growth.
 

High upfront investment costs can be a significant hindrance to the security automation market growth. Many organizations, especially smaller ones, may find it challenging to allocate the necessary budget for acquiring & implementing security automation solutions. These costs include purchasing software, hardware, training staff, and customizing systems to fit their unique needs. This financial barrier can deter adoption, limiting the market's growth potential, despite the long-term benefits of improved security & operational efficiency that automation can offer.
 

Authors: Preeti Wadhwani, Aishvarya Ambekar
Frequently Asked Question(FAQ) :
What is the value of North America security automation market?
North America market captured 36% share in 2023, attributed to its advanced technological infrastructure and high adoption rates of digital solutions.
Which leading companies are operating in the security automation industry?
Why is the demand for security automation rising in IT & telecom sector?
How large is the security automation market?
Security Automation Market Scope

Report Content

Chapter 1   Methodology & Scope

1.1    Research design

1.1.1    Research approach

1.1.2    Data collection methods

1.2    Base estimates & calculations

1.2.1    Base year calculation

1.2.2    Key trends for market estimation

1.3    Forecast model

1.4    Primary research and validation

1.4.1    Primary sources

1.4.2    Data mining sources

1.5    Market definitions

Chapter 2   Executive Summary

2.1    Industry 3600 synopsis, 2021 - 2032

Chapter 3   Industry Insights

3.1    Industry ecosystem analysis

3.2    Supplier landscape

3.2.1    Solution provider

3.2.2    Service provider

3.2.3    Technology provider

3.2.4    End-user

3.3    Pricing analysis

3.4    Profit margin analysis

3.5    Technology innovation landscape

3.6    Patent analysis

3.7    Key news & initiatives

3.8    Regulatory landscape

3.9    Global automation industry analysis

3.10   Impact forces

3.10.1    Growth drivers

3.10.1.1    Increasing cybersecurity threats

3.10.1.2    Rising advancements in technology

3.10.1.3    Increasing demand for rapid detection and response

3.10.1.4    Rising demand for predictive analysis

3.10.2    Industry pitfalls & challenges

3.10.2.1    High initial investments in security automation

3.10.2.2    Automated systems can generate false positive alerts

3.11   Growth potential analysis

3.12   Porter’s analysis

3.13   PESTEL analysis

Chapter 4   Competitive Landscape, 2023

4.1    Introduction

4.2    Company market share

4.3    Competitive analysis of major market players

4.4    Competitive positioning matrix

4.5    Strategic outlook matrix

Chapter 5   Market Estimates & Forecast, by Offering, 2021-2032 ($Mn)

5.1    Key trends

5.2    Solution

5.2.1    Security orchestration, automation and response (SOAR)

5.2.2    Security information and event management (SIEM)

5.2.3    Extended detection and response (XDR)

5.3    Services

5.3.1    Professional services

5.3.2    Managed services

Chapter 6   Market Estimates & Forecast, by Deployment Model, 2021-2032 ($Mn)

6.1    Key trends

6.2    Cloud

6.3    On-premises

Chapter 7   Market Estimates & Forecast, By Code, 2021-2032 ($Mn)

7.1    Key trends

7.2    Low code

7.3    No code

7.4    Full code

Chapter 8   Market Estimates & Forecast, By Technology, 2021-2032 ($Mn)

8.1    Key trends

8.2    AI &ML

8.3    Robotic process automation

8.4    Others

Chapter 9   Market Estimates & Forecast, By Application, 2021-2032 ($Mn)

9.1    Key trends

9.2    Network security

9.3    Endpoint security

9.4    Incident response management

9.5    Vulnerability management

9.6    Identity & access management

9.7    Compliance & policy management

9.8    Data protection & encryption

9.9    Others

Chapter 10   Market Estimates & Forecast, By Industry Vertical, 2021-2032 ($Mn)

10.1   Key trends

10.2   BFSI

10.3   Media & entertainment

10.4   Manufacturing

10.5   Government & defense

10.6   Energy & utilities

10.7   Retail & e-commerce

10.8   Healthcare

10.9   IT & telecom

10.10   Others

Chapter 11   Market Estimates & Forecast, By Region, 2021-2032 ($Mn)

11.1   Key trends

11.2   North America

11.2.1    U.S.

11.2.2    Canada

11.3   Europe

11.3.1    UK

11.3.2    Germany

11.3.3    France

11.3.4    Italy

11.3.5    Spain

11.3.6    Russia

11.3.7    Nordics

11.3.8    Rest of Europe

11.4   Asia Pacific

11.4.1    China

11.4.2    India

11.4.3    Japan

11.4.4    South Korea

11.4.5    ANZ

11.4.6    Southeast Asia

11.4.7    Rest of APAC

11.5   Latin America

11.5.1    Brazil

11.5.2    Mexico

11.5.3    Argentina

11.5.4    Rest of LATAM

11.6   MEA

11.6.1    South Africa

11.6.2    Saudi Arabia

11.6.3    UAE

11.6.4    Rest of MEA

Chapter 12   Company Profiles

12.1   Carbon Black, Inc.

12.2   Check Point Software Technologies

12.3   Cisco Systems Inc.

12.4   Crowdstrike

12.5   Cyberark

12.6   D3 Security

12.7   Fortinet Inc.

12.8   Google LLC

12.9   IBM Corporation

12.10   Microsoft Corporation

12.11   Palo Alto Networks

12.12   Red Hat

12.13   Secureworks

12.14   Splunk

12.15   Sumo Logic

12.16   Tenable

12.17   Trellix

   

Authors: Preeti Wadhwani, Aishvarya Ambekar
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Premium Report Details

Base Year: 2023

Companies covered: 17

Tables & Figures: 390

Countries covered: 25

Pages: 270

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