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Security Automation Market Trends

Report ID: GMI10548
Published Date: Jul 2024
Report Format: PDF

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Security Automation Market Trends

The rising adoption of AI systems is fueling lucrative growth in the security automation industry. AI-powered solutions enhance threat detection & response by analyzing vast datasets in real-time, identifying anomalies, and automating actions to counter threats swiftly. For instance, in May 2023, Blink introduced a groundbreaking tool called Blink Copilot, which marks the debut of generative AI designed to automate security & IT operations workflows. This innovative solution empowers security operators to effortlessly create no-code workflows through a straightforward prompt.

As AI continues to develop, organizations are increasingly integrating AI-driven automation into their security strategies, creating significant market opportunities for AI-based security automation solutions.

Authors: Preeti Wadhwani, Aishvarya Ambekar

Frequently Asked Questions (FAQ) :

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.

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.

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.