The global demand for SOAR Market is presumed to reach the market size of nearly USD 4.22 MN by 2028 from USD 1.78 MN in 2021 with a CAGR of 13.1% under the study period 2022 - 2028.
Security Orchestration, Automation, and Response (SOAR) is known as a system wherein various software solutions and tools enable organizations to streamline security operations. The technology primarily covers three key areas: threat and vulnerability management, incident response, and security operations automation. The software is responsible for scanning for vulnerabilities or searching for logs—without human intervention. Further, they then connect security tools and integrate disparate security systems. The connection between all these tools together helps streamline security processes and powers security automation.
Market Dynamics
The SOAR industry is expanding due to an increase in phishing emails and ransomware occurrences, but a lack of current IT infrastructure could slow this expansion. The cloud is at the centre of security orchestration dynamics. They quickly go beyond data collection and retention to encompass analysis of massive amounts of cloud and IT application data. This is to determine smart responses to threats that are discovered. Due to this, security orchestration automation and response have seen an upsurge in usage on a global scale. Numerous companies globally are working hard to learn more about security orchestration automation and response technologies and their future potential.
The research report covers Porter's Five Forces Model, Market Attractiveness Analysis, and Value Chain analysis. These tools help to get a clear picture of the industry's structure and evaluate the competition attractiveness at a global level. Additionally, these tools also give an inclusive assessment of each segment in the global market of soar. The growth and trends of soar industry provide a holistic approach to this study.
Market Segmentation
This section of the soar market report provides detailed data on the segments at country and regional level, thereby assisting the strategist in identifying the target demographics for the respective product or services with the upcoming opportunities.
By Type
By Application
- Professional Services
- Managed Services
- Regional Analysis
This section covers the regional outlook, which accentuates current and future demand for the SOAR market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand, estimation, and forecast for individual application segments across all the prominent regions.
Global SOAR Market Share by Region (Representative Graph)
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the soar market include IBM, FireEye, Cisco Systems, Rapid7, Splunk, Swimlane LLC, Tufin, ThreatConnect, Demisto（Palo Alto Networks）, DFLabs, LogRhythm, Siemplify, Resolve Systems, Cyber Sponse, Exabeam. This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
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