Security Orchestration Market to Reach $1.6 Billion by 2021 - Rise in Security Breaches & Incidents - Research and Markets
DUBLIN, Dec 6, 2016 /PRNewswire/ --
Research and Markets has announced the addition of the "Security Orchestration Market - Global Forecast to 2021" report to their offering.
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 major growth drivers of the 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).
The security orchestration market is segmented by component, application, deployment mode, organization type, vertical, and region. Solution segment is estimated to have the largest market size in 2016. Moreover, service segment is expected to grow at the highest CAGR during the forecast period, as the sophistication level in the cyber-attacks is increasing and creating demands for more comprehensive security orchestration solutions & services that would protect enterprises from advanced cyber threats.
Network forensics segment is expected to grow at the highest CAGR during the forecast period. However, network security threat intelligence segment holds the largest share of security orchestration market in 2016. Cloud-based deployment mode is expected to grow at the highest CAGR during the forecast period. Large enterprises segment is expected to have the highest market size in 2016. Moreover, SMEs' segment is expected to grow at the highest CAGR during the forecast period.
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 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.
Companies Mentioned:
- Cisco Systems, Inc.
- Cybersponse, Inc.
- Fireeye, Inc.
- Hexadite
- Huawei Technologies Co. Ltd.
- IBM Corporation
- Intel Security
- Phantom Cyber Corporation
- Swimlane LLC
- Tufin
Key Topics Covered:
1 Introduction
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Industry Trends
7 Security Orchestration Market Analysis, By Component
8 Security Orchestration Market Analysis, By Application Area
9 Security Orchestration Market Analysis, By Deployment Type
10 Security Orchestration Market Analysis, By End-User
11 Security Orchestration Market Analysis, By Vertical
12 Geographic Analysis
13 Competitive Landscape
14 Company Profiles
For more information about this report visit http://www.researchandmarkets.com/research/jcmnbx/security
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