Question 1

Who are the major security orchestration automation and response industry players?

Accepted Answer

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

Question 2

How big is the security orchestration automation and response market?

Accepted Answer

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.

Question 3

Why is software segment gaining traction in the security orchestration automation and response market?

Accepted Answer

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.

Question 4

What are the factors influencing the North America SOAR market growth?

Accepted Answer

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.

Security Orchestration Automation and Response Market Share

Security Orchestration Automation and Response Market Share

Security Orchestration Automation and Response Market Companies

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