Security Orchestration Automation and Response Market Size & Share 2024 to 2032
Market Size by Application (Threat Intelligence, Incident Response, Compliance), by Industry Vertical (BFSI, IT & Telecom, Healthcare, Manufacturing, Education), Deployment, Component.
Report ID: GMI7071
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Published Date: July 2024
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Report Format: PDF
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Authors:
Preeti Wadhwani, Aishvarya Ambekar
Security Orchestration Automation and Response Market Size
Security Orchestration Automation and Response Market was valued at USD 1.6 billion in 2023 and projected to exhibit 15% CAGR from 2024 to 2032, propelled by the increasing incidences of cybersecurity threats worldwide. According to the latest CERT-In report, throughout 2022, the occurrence of ransomware threats maintained an upward trend, with a noteworthy 53% surge in ransomware incidents reported year-over-year. The Information Technology and IT-enabled Services (IT & ITeS) sector experienced the most significant impact, closely followed by the Finance and Manufacturing sectors. Ransomware actors strategically targeted critical infrastructure entities, deliberately disrupting essential services to compel them into making ransom payments.
Security Orchestration Automation and Response Market Key Takeaways
Market Size & Growth
Key Market Drivers
Challenges
The ever-growing and evolving landscape of cybersecurity threats, including malware, ransomware, phishing, and data breaches, has pushed the demand for more efficient and effective security solutions. SOAR platforms are seen to help organizations respond to these threats more rapidly and effectively by automating and orchestrating security processes, favoring their adoption in the long run.
Compliance with these regulations requires organizations to have robust incident response and reporting capabilities. SOAR platforms offered the automation and orchestration capabilities necessary to streamline compliance efforts and reduce the risk of non-compliance penalties. On the other hand, implementing a SOAR solution can be a complex and resource-intensive process. It often involves integrating with various existing security tools, customizing workflows, and training security teams. The complexity of deployment and integration can be a significant barrier for smaller organizations with limited resources or expertise, which may limit SOAR industry growth.
COVID-19 Impact
The COVID-19 pandemic significantly impacted the security orchestration automation and response market. With the rapid shift to remote work, the demand for cybersecurity solutions surged, prompting organizations to invest in SOAR to bolster their digital defenses. Instances of COVID-related phishing attacks and ransomware threats soared, emphasizing the need for robust incident response capabilities. Furthermore, remote operations highlighted the importance of cloud-native SOAR solutions as organizations sought flexible, scalable, and remote-accessible tools to manage and automate their cybersecurity incident response processes.
Security Orchestration Automation and Response Market Trends
Cloud-native SOAR Solutions could be an emerging trend in the SOAR market. With the growing adoption of cloud technologies and the remote work trend, there could be a shift towards cloud-native SOAR solutions. These solutions are designed to operate in cloud environments, offering greater scalability and flexibility. Cloud-native SOAR can enable organizations to manage and orchestrate security incidents from anywhere, which is particularly relevant in today's distributed and digital-first business landscape. These benefits have prompted companies operating in this space to upgrade their technological capabilities and innovate new products to cope with the growing market demand.
In September 2023, Google Cloud unveiled its most recent advancement in Chronicle Security Operations, aimed at simplifying and automating threat detection, investigation, and response (TDIR) by consolidating its various elements into one unified console. This consolidation encompasses its security information and event management (SIEM), security orchestration, automation, and response (SOAR), and attack surface management technology sourced from Mandiant. Notably, Google introduced Chronicle Security Operations last year, presenting a cloud software suite that integrates Chronicle's SIEM, Google's acquired SOAR from Siemplify, and Google Cloud's threat intelligence.
Security Orchestration Automation and Response Market Analysis
The software segment was worth USD 1.1 billion in 2023. Security Orchestration, Automation, and Response (SOAR) software are gaining widespread popularity in the cybersecurity landscape. With an ever-increasing volume of cyber threats and a shortage of skilled security professionals, organizations are turning to SOAR to streamline incident response. These platforms enable automation of routine tasks, orchestration of complex workflows and offer real-time threat intelligence, resulting in faster and more efficient security incident management. As cyber threats continue to evolve, SOAR's adaptability and efficiency make it an essential tool for organizations seeking to protect their digital assets.
The IT & telecom segment held approximately 17% market share in 2023. SOAR software and services are witnessing high demand within the IT and Telecom sector due to several compelling reasons. These industries are increasingly targeted by sophisticated cyber threats, making efficient incident response crucial. SOAR streamlines security operations, automates repetitive tasks, and orchestrates complex processes, enabling IT and telecom companies to rapidly detect and mitigate threats. The need for compliance with stringent data protection regulations further drives this demand, as SOAR solutions offer improved data security and regulatory compliance management capabilities, which are paramount in these sectors.
North America dominated around 35% share of the global security orchestration automation and response market in 2023. The region faces a continuous and evolving threat landscape, with cyberattacks increasing in complexity. SOAR solutions are being adopted to enhance incident response, streamline workflows, and optimize security operations. Furthermore, the presence of numerous large enterprises, financial institutions, and critical infrastructure in North America places a premium on cybersecurity solutions, further fueling the demand for SOAR platforms and services to fortify defenses against cyber threats.
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:
Security Orchestration Automation and Response Industry News
This security orchestration automation and response market research report includes in-depth coverage of the industry with estimates & forecast in terms of revenue (USD billion) from 2018 to 2032, for the following segments:
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Market, By Component
Market, By Deployment
Market, By Enterprise Size
Market, By Industry Vertical
Market, By Application
The above information is provided for the following regions and countries:
Research methodology, data sources & validation process
This report draws on a structured research process built around direct industry conversations, proprietary modelling, and rigorous cross-validation and not just desk research.
Our 6-step research process
1. Research design & analyst oversight
At GMI, our research methodology is built on a foundation of human expertise, rigorous validation, and complete transparency. Every insight, trend analysis, and forecast in our reports is developed by experienced analysts who understand the nuances of your market.
Our approach integrates extensive primary research through direct engagement with industry participants and experts, complemented by comprehensive secondary research from verified global sources. We apply quantified impact analysis to deliver dependable forecasts, while maintaining complete traceability from original data sources to final insights.
2. Primary research
Primary research forms the backbone of our methodology, contributing nearly 80% to overall insights. It involves direct engagement with industry participants to ensure accuracy and depth in analysis. Our structured interview program covers regional and global markets, with inputs from C-suite executives, directors, and subject matter experts. These interactions provide strategic, operational, and technical perspectives, enabling well-rounded insights and reliable market forecasts.
3. Data mining & market analysis
Data mining is a key part of our research process, contributing nearly 20% to the overall methodology. It involves analysing market structure, identifying industry trends, and assessing macroeconomic factors through revenue share analysis of major players. Relevant data is collected from both paid and unpaid sources to build a reliable database. This information is then integrated to support primary research and market sizing, with validation from key stakeholders such as distributors, manufacturers, and associations.
4. Market sizing
Our market sizing is built on a bottom-up approach, starting with company revenue data gathered directly through primary interviews, alongside production volume figures from manufacturers and installation or deployment statistics. These inputs are then pieced together across regional markets to arrive at a global estimate that stays grounded in actual industry activity.
5. Forecast model & key assumptions
Every forecast includes explicit documentation of:
✓ Key growth drivers and their assumed impact
✓ Restraining factors and mitigation scenarios
✓ Regulatory assumptions and policy change risk
✓ Technology adoption curve parameter
✓ Macroeconomic assumptions (GDP growth, inflation, currency)
✓ Competitive dynamics and market entry/exit expectations
6. Validation & quality assurance
The final stages involve human validation, where domain experts manually review filtered data to identify nuances and contextual errors that automated systems might miss. This expert review adds a critical layer of quality assurance, ensuring data aligns with research objectives and domain-specific standards.
Our triple-layer validation process ensures maximum data reliability:
✓ Statistical Validation
✓ Expert Validation
✓ Market Reality Check
Trust & credibility
Verified data sources
Trade publications
Security & defense sector journals and trade press
Industry databases
Proprietary and third-party market databases
Regulatory filings
Government procurement records and policy documents
Academic research
University studies and specialist institution reports
Company reports
Annual reports, investor presentations, and filings
Expert interviews
C-suite, procurement leads, and technical specialists
GMI archive
13,000+ published studies across 30+ industry verticals
Trade data
Import/export volumes, HS codes, and customs records
Parameters studied & evaluated
Every data point in this report is validated through primary interviews, true bottom-up modelling, and rigorous cross-checks. Read about our research process →