Security automation market share
Security automation market share
The global security automation market has grown due to the rise in cyber crimes affecting industries such as BFSI and telecommunications.
WILMINGTON, Germany, USA, January 8, 2025 /EINPresswire.com/ — The cloud computing model is widely used due to its robust and scalable architecture. Many companies are turning to cloud solutions to simplify data storage because they provide remote server access over the Internet, as well as limitless computing power. Moreover, having a cloud-based architecture enables companies to monitor all their applications by providing highly challenging analytics running in the background. However, the rise in cloud adoption has led to an increase in the number of cyber attacks. This enhances the demand for real-time threat detection among organizations, thus driving the growth of the security automation market.
Allied Market Research published a report, the global security automation market size was estimated at $9.1 billion in 2023 and is expected to reach $26.6 billion by 2032, growing at a CAGR of 12.2% from 2024 to 2032.
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Security automation leverages technology to simplify cybersecurity tasks such as threat detection, incident response, vulnerability management, compliance monitoring, and policy enforcement. It uses tools, scripts, and platforms to enhance security operations, enhance efficiency, and enhance an organization's security posture.
Regulatory standards such as the General Data Protection Regulation (GDPR), CCPA, PCI DSS, and HIPAA force organizations to use robust security measures to secure and comply with sensitive data. Security automation simplifies compliance efforts by automating security controls, audits, and reporting procedures. Additionally, the threat landscape is always changing, as attackers use increasingly sophisticated methods to circumvent standard security protections. Security automation enables organizations to quickly respond to new threats by automating the detection, investigation, and response to security incidents in real time. These factors contribute to the continued growth of the global security automation market.
Likewise, the adoption of cloud computing, IoT devices, BYOD rules, and hybrid IT environments has increased the complexity of IT infrastructure management and security. Here, security automation gives organizations the scalability and agility they need to efficiently secure complex and dynamic IT systems. Moreover, it helps organizations reduce their operational costs by automating manual and repetitive tasks. This enables organizations to increase their efficiency and reduce manual errors.
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Recent developments:
1. On May 6, 2024, Swimlane LLC announced a security automation marketplace. Swimlane Marketplace is designed to enable organizations to automate security operations across business processes.
2. On March 13, 2024, Stellar Cyber and Torq announced their partnership to develop an automated security operations platform. This partnership aims to provide security teams across organizations with integrated, integrated solutions to simplify their security operations.
3. On February 27, 2024, NTT Data Group Corporation announced its partnership with Swimlane LLC for its security automation. This partnership aims to enhance NTT's capabilities in the field of Security Operations Center (SOC) solutions.
4. On June 6, 2023, Palo Alto Networks, in partnership with Cortex, announced the launch of Expander 2.2, which integrates AI capabilities to enhance the modern Security Operations Center (SOC) to transform security operations across organizations.
Depending on the type of deployment, security automation solutions are typically delivered through cloud-based and on-premises deployment models. Cloud-based solutions are gaining popularity due to their flexibility, scalability, and cost-effectiveness, making them ideal for businesses with dynamic and remote work environments. However, on-premises solutions are preferred by organizations that have stringent data privacy and security requirements.
By solution, the market is segmented into several categories of solutions, such as threat intelligence, identity and access management (IAM), security incident and event management (SIEM), endpoint protection, and vulnerability management. Threat intelligence solutions help organizations proactively detect and mitigate potential security threats, while IAM solutions focus on ensuring proper access control. SIEM systems provide real-time analysis and incident management, and endpoint protection ensures the security of devices connected to the network.
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By end user, the security automation market serves numerous industries, including BFSI (banking, financial services, and insurance), ICT, government, healthcare, retail, and manufacturing. BFSI organizations are major adopters of security automation given the need to protect sensitive financial data, while the healthcare industry is increasingly incorporating automation to secure patient data and comply with regulations. The manufacturing and retail industries are also adopting these solutions to protect against cyberattacks on supply chains and customer data.
By region, the Security Automation market is analyzed across North America, Europe, Asia Pacific and LAMEA. North America accounted for the highest share in 2023. North America has a favorable infrastructure due to the presence of major vendors in countries such as the US and Canada, leading to the continuous development of advanced security solutions that integrate technologies such as artificial intelligence, machine learning and predictive technologies. Analytics.
Major players in the industry:-
Palo Alto Networks
Checkpoint
Red hat
Cisco Systems Inc
IBM
Fortnite
Microsoft Corporation
Securorx
D3 Security
Mass strike
The report provides a detailed analysis of these key vendors in the global Security Automation market. These players have adopted various strategies such as new development, collaborations, expansion, joint ventures, agreements, etc. to increase their market share and maintain their dominant shares in different regions. The report is useful in highlighting the business performance, operating segments, portfolio and strategic moves of market vendors to highlight the competitive scenario.
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