According to a new market research report "Security Orchestration Market by Component (Solution and Service), Application (Threat Intelligence, Network Forensics, Ticketing Solutions, and Compliance Management), Deployment Mode, End User, and Vertical, Region - Global Forecast to 2021 " published by MarketsandMarkets, the Market size is estimated to grow from USD 826.1 Million in 2016 to USD 1682.4 Million by 2021, at an estimated Compound Annual Growth Rate (CAGR) of 15.3%.

Browse 76 market data Tables and 54 Figures spread through 153 Pages and in-depth TOC on "Security Orchestration Market"

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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 Security holds largest share of security orchestration

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.

Security orchestration solutions have been deployed across various industry verticals, including BFSI, energy & utilities, government, healthcare, retail, IT & telecom, and others (education, manufacturing). The government vertical is expected to witness the highest CAGR during the forecast period. However, BFSI is estimated to have the largest market size in 2016.

North America is Expected to Grow at Highest CAGR diring Forecast-

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.

The security orchestration market faces challenges such as lack of awareness of advanced cyber threats, managing security alerts, and growing demand of cloud computing.

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Top Keyplayers in  Security Orchestration  during Forecast-

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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