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Security Orchestration Automation and Response (SOAR) Market Share

Report ID: GMI7071
Published Date: Jul 2024
Report Format: PDF

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Security Orchestration Automation and Response Market Share

Companies such as Tines and IBM Corporation are employing growth strategies such as expanding their product offerings, forming strategic partnerships, targeting new industries, and enhancing their global presence to seize market opportunities and maintain competitive advantage.

Security Orchestration Automation and Response Market Companies

Major players operating in the security orchestration automation and response industry are:

Fortinet, Inc.
IBM Corporation
Logpoint
Palo Alto Networks
Rapid7
ServiceNow
Siemplify
Splunk Inc.
Swimlane
Tines

Authors: Preeti Wadhwani

Frequently Asked Questions (FAQ) :

The market size of security orchestration automation and response was worth USD 1.6 billion in 2023 and is estimated to register over 15% CAGR between 2024 and 2032, due to increasing incidences of cybersecurity threats worldwide.

The software segment was reached USD 1.1 billion in 2023 and is expected to grow significantly through 2032, as SOAR software is gaining widespread popularity in the cybersecurity landscape.

North America region captured around 35% share of the security orchestration automation and response industry in 2023 and will grow significantly through 2032, as the region faces a continuous and evolving threat landscape, with cyberattacks increasing in complexity.

Fortinet, Inc., IBM Corporation, Logpoint, Palo Alto Networks, Rapid7, ServiceNow, Siemplify, Splunk Inc., Swimlane, and Tines.