Security Orchestration Market

[142 Pages Report] The security orchestration market size is estimated to grow from USD 826.1 million in 2016 to USD 1682.4 million by 2021, at Compound Annual Growth Rate (CAGR) of 15.3%.

The base year considered for the study is 2015 and the market size is calculated from 2016 to 2021. Security orchestration enables organizations to automatically detect and respond to security operations from a single console. The platform also helps to automatically manage, design, and provision any network security changes. This platform includes the set of security technologies & solutions, tools, policies, security concepts, guidelines, risk management approaches, and professional & managed services, which helps to protect networks, computers, programs, and data from cyber-attacks, damages, security breaches, or unauthorized access. The implementation of security orchestration, in public and private organizations, can help to manage security alerts and prevent further cyber-attacks. As the sophistication level in cyber-attacks is increasing, security vendors are trying to develop better orchestration platforms to provide proactive, holistic security to critical business applications.

Market Dynamics

Drivers

• Rise in security breaches and incidents
• Dramatic growth in the BYOD trend affecting SMEs
• Increasing network complexity and frequent changes in network infrastructure

Restraints

• Lack of knowledge about security orchestration

Opportunities

• Convergence of security analytics with security orchestration

Challenges

• Lack of awareness of advanced cyber threats
• Managing security alerts
• Growing demand for cloud computing
• Increasing network complexity and frequent changes in network infrastructure

Increasing network complexity and frequent changes in network infrastructure

Computers and networking have become inseparable by now. Various organizations have admitted that network complexity has increased over the past few years, and will continue to increase over the next five years. Therefore, there is high need for network security to stop hacking and cyber-attacks to secure industrial processes. Moreover, as businesses are growing day by day, the network architecture and network complexity is also becoming denser in nature. Along with this, organizations are continuously undertaking frequent changes in the network architecture according to business needs. To overcome these issues, organizations need a single security solution, which can easily adopt the network changes and can easily manage the network complexity though a single console.

Objectives of the study

• To define, describe, and forecast the security orchestration market by component (solution and services), application, deployment mode, organization size, industry vertical, and region.
•  To provide detailed information regarding the major factors (drivers, restraints, opportunities, and challenges) influencing the growth of security orchestration market.
• To analyze the micromarkets1 with respect to individual growth trends, prospects, and contributions to the total market.
• To analyze opportunities in the market for stakeholders by identifying high-growth segments of the security orchestration market.
• To forecast the market size of the market segments with respect to the 5 main regions, namely, North America, Europe, Asia Pacific (APAC), Middle East and Africa (MEA), and Latin America
• To profile the key players of the security orchestration market and comprehensively analyze their market size and core competencies in the market.
• To track and analyze competitive developments, such as new product launches; mergers and acquisitions; and partnerships, agreements, and collaborations in the global security orchestration market.

The research methodology used to estimate and forecast the security orchestration market begins with capturing data on key security vendors through secondary sources such as the Department of Homeland Security (DHS), Information Security Research Association (ISRA), SANS Institute, and other sources such as company financials, journals, press releases, paid databases, and annual reports. The vendor products and services offerings are also taken into consideration to determine the market segmentation. The bottom-up procedure was employed to arrive at the overall security orchestration market size from the revenue of the key players in the market. After arriving at the overall market size, the total market was split into several segments and subsegments, which were then verified through primary research by conducting extensive interviews with key people such as CEOs, VPs, directors, executives, and security orchestration technologists. The data triangulation and market breakdown procedures were employed to complete the overall market engineering process and to arrive at the exact statistics for all segments & sub-segments. The breakdown of primary profiles is depicted in the below figure.

To know about the assumptions considered for the study, download the pdf brochure

The security orchestration ecosystem comprises major vendors such as FireEye, Inc. (U.S.), Cisco Systems, Inc. (U.S.), Intel Security (U.S.), IBM Corporation (U.S.), Huawei Technologies (China), Hexadite (U.S.), Phantom Cyber Corporation (U.S.), Tufin (Israel), Swimlane LLC (U.S.), and CyberSponse Inc. (U.S.), service providers, and system integrators. Other stakeholders include security orchestration solutions providers, consulting firms, IT service providers, value added resellers, enterprise users, and security technology providers.

Major Market Developments:

• In September 2016, Intel Security partnered with Texas Pacific Group to establish one of the largest cybersecurity companies that would focus on developing endpoint and cloud as security control points, actionable threat intelligence analytics, and orchestration solutions.
• In May 2016, FireEye launched FireEye Orchestrator, a new orchestration and automation solution that helps organizations build next-generation Security Operations Center (SOC) reducing the impact of cyber-attacks. In addition, it also enhanced its Global Threat Management Platform providing greater visibility to automate security operations.
• In April 2016, IBM acquired Resilient Systems, a leading provider of incident response solutions. This acquisition would enhance incident response capabilities of IBM helping clients to defend against cyber breaches.

Key target audience of the security orchestration market report is given below:

• Government agencies
• Security orchestration vendors
• Network solution providers
• Independent software vendors
• Consulting firms
• System integrators
• Value-Added Resellers (VARs)
• Managed Security Service Providers (MSSPs)

“The study answers several questions for the stakeholders; primarily, which market segments will focus in the next two to five years for prioritizing their efforts and investments.”

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Scope of the Report

The research report segments the security orchestration market to following submarkets:

By Component:

• Solution
• Services
  • Professional services
    • Consulting services
    • Training and education
    • Support and maintenance
  • Managed services

By Application:

• Threat intelligence
• Network forensics
• Ticketing solutions
• Compliance management
• Others

By Deployment Mode:

• Cloud
• On-premises

By Organization Size:

• Small and Medium Enterprises (SMEs)
• Large enterprises

By Industry Vertical:

• BFSI
• Energy and utilities
• Government
• Healthcare
• Retail
• IT and Telecom
• Others

By Region:

• North America
  • U.S.
  • Canada
• Europe
  • U.K.
  • France
  • Germany
  • Rest of Europe (ROE)
• Asia-Pacific (APAC)
  • China
  • Australia
  • Japan
  • Rest of APAC (ROA)
• Middle East and Africa (MEA)
  • Middle East (ME)
  • Africa
  • Rest of MEA (ROMEA)
• Latin America (LA)
  • Mexico
  • Brazil
  • Rest of LA (ROLA)

Available Customizations

With the given market data, MarketsandMarkets offers customizations as per the company’s specific needs. The following customization options are available for the report:

Geographic Analysis

• Further breakdown of the North America security orchestration market
• Further breakdown of the Europe security orchestration market
• Further breakdown of the APAC security orchestration market
• Further breakdown of the MEA security orchestration market
• Further breakdown of the Latin America security orchestration market

Company Information

Detailed analysis and profiling along with vendor DIVE matrix to get detailed information regarding their competitors on the basis of their product offerings and business strategies. The report reviews the major players who offer security orchestration solutions. Additionally, the report will outline the findings and analysis on how well each security orchestration vendor performs within MarketsandMarkets criteria.

The security orchestration market size is expected to grow from USD 826.1 million in 2016 to USD 1682.4 million by 2021, at a Compound Annual Growth Rate (CAGR) of 15.3% during the forecast period.

The security orchestration market is segmented by component, application, deployment mode, organization type, vertical, and region. The major growth drivers of the security orchestration market include the rise in security breaches & incidents, rapid deployment & development of cloud based solutions, and growth in the BYOD trend affecting Small and Medium Enterprises (SMEs). With the adoption of security orchestration solutions, organizations can effectively maintain and secure their critical information from data breaches and respond to cyber incidents more efficiently. As the sophistication level in cyberattacks is increasing, security vendors are trying to develop better orchestration platforms to provide proactive, holistic security to critical business applications.

Security orchestration market by component is segmented into solution and services. Solution segment is estimated to have the largest market size in 2016. Due to the rise in advanced cyber breaches and increased usage of mobile devices, organizations in this region started investing in security orchestration solutions to secure confidential data and applications from present and future attacks; hence, the market is expected to grow with a good rate. Moreover, service segment is expected to grow at the highest CAGR during the forecast period. The market for security orchestration component is growing; consequently, the market for services associated with it is also increasing.

Among the applications, threat intelligence segment holds the largest share of security orchestration market in 2016. The growth in the threat intelligence market is associated with the rise in the number of security breaches targeting business applications, where hackers try to gain access to sensitive data. As the vulnerabilities have become more complex and sophisticated, the demand for security orchestration solutions with threat intelligence capabilities is expected to increase for countering the growing challenges posed by the threats. Network forensics is expected to grow at the highest CAGR during the forecast period. As an increasing number of companies are adopting network forensics solutions to manage and monitor computer network traffic, the market for network forensics is growing.

The global security orchestration market has been segmented on the basis of regions into North America, Europe, Asia-Pacific (APAC), Middle East & Africa (MEA), and Latin America to provide a region-specific analysis in the report. The North American region, followed by Europe, is expected to become the largest revenue generating region for security orchestration solution vendors in 2016. This is mainly because, in the developed economies of the U.S. and Canada, there is high focus on innovations obtained from the R&D, and security technology. The APAC region is expected to be the fastest growing region in the security orchestration market. The growth in this region is primarily driven by the need to defend against advanced cyber-attacks and rise in adoption of cloud-based security solutions.

Increased adoption of security orchestration solution and services in Banking, Financial services and Insurance (BFSI), government, and healthcare industry verticals drive the growth of the security orchestration market.

BFSI

Cyber threats in the BFSI industry vertical are increasing at an alarming rate. This sector is continuously upgrading its processing and transaction technologies and requires end-to-end security solutions to optimize operations against both internal and external threats. In addition, the industry frequently keeps introducing new and improved financial products and services to enhance business operations, which makes it attractive for fraudsters to target sensitive customer information. With facilities such as smart banking, internet banking, and mobile banking, the BFSI sector is required to prioritize on security. There is an increasing need for advanced security orchestration solutions in the BFSI industry to fight against the growing number of physical and cyber-attacks on critical infrastructures that are taking place due to the rapid adoption of BYOD, work from home opportunities, and other enterprise mobility trends

Government

Government agencies and institutions across the globe handle critical and sensitive information serving citizens and collecting intelligence. Cyber security has become one of the most important aspects of the government sector. The concept of e-governance has led the government to focus more on cyber security threats. Moreover, as organizations are shifting toward real-time communication, threats from web browsing, email correspondence, peer-to-peer traffic, and file exchange have considerably increased. Hence, the protection of critical information is of the utmost importance. Security orchestration vendors offer solutions to government agencies to secure their data to protect sensitive government data against insider and outsider threats.

Healthcare

Healthcare organizations face several security challenges while maintaining the privacy of Electronic Health Record (EHR) and other related information. Moreover, due to highly proliferated digital medical devices, network management has become essential to save devices from malicious attacks. Security orchestration solutions protect healthcare applications and data against vulnerabilities. In addition, increased government regulations such as HIPAA compliance have also resulted in the rapid adoption of security orchestration solutions in the healthcare sector. With the adoption of technologies such as BYOD and centralized patient information, the healthcare vertical has become susceptible to advanced cyber-attacks.

Key questions

• Which are the substitute products and how big is the threat from them?
• Which are the top use cases where security orchestration solutions and services can be implemented for revenue generation through new advancements such as artificial intelligence, IoT, and cloud computing?
• What should be your go-to-market strategy to expand the reach into developing countries across APAC, MEA, and Latin America?

Major vendors that offer security orchestration across the globe are FireEye, Inc. (U.S.), Cisco Systems, Inc. (U.S.), Intel Security (U.S.), IBM Corporation (U.S.), Huawei Technologies (China), Hexadite (U.S.), Phantom Cyber Corporation (U.S.), Tufin (Israel), Swimlane LLC (U.S.), and CyberSponse Inc. (U.S.). These vendors have adopted different types of organic and inorganic growth strategies such as new product launches, partnerships & collaborations, and mergers & acquisitions to expand their offerings in the security orchestration market.

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