The global security automation market has witnessed growth due to the constantly increasing electronic crimes facing industries such as BFSI and wireless communications.
New Castle, DELAWARE, 05 August, 2024 (Globe Newswire)-Allied Market Research published a report entitled “Safety automation market by component and services), publishing mode (cloud and drawing), and technology (AI & ML, predictive analyzes, RPA, etc.), Application (Network safety, end point security, accident response management, weakness management, etc.), vertical industry (information and communications technology, BFSI, health care, manufacturing, government, etc.): international opportunities analysis and industry expectations, 2024-2032 “. The value of the global security automation market was 9.1 billion dollars in 2023, and it is estimated to reach 26.6 billion dollars by 2032, showing an annual growth rate of 12.2 % from 2024 to 2032.
The main determinants of growth
The cloud computing model is widely used due to its strong and adaptive structure. Many companies turn cloud solutions to simplify the storage of data since they provide a remote online online, as well as unlimited computing capacity. Moreover, the presence of a cloud -based structure enables companies to monitor all their applications by providing very difficult analyzes that work in the background. However, the rise in the adoption of the cloud increased the number of electronic attacks. This enhances the demand for the discovery of the real -time threat between institutions, thus pushing the growth of the security automation market.
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Reporting coverage and details:
Report coverage
details
The prediction period
2024-2032
Sunnah base
2023
Market size in 2023
9.1 billion dollars
Market size in 2032
26.6 billion dollars
Cagr
12.2 %
Number of pages in the report
250
Covered clips
Component, publishing mode, technology, application, vertical industry, and area.
Drivers
an opportunity
Self -control
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Providing regulatory standards such as GDP, CCPA, PCI DSS and HIPAA for institutions to use strong security measures to secure sensitive data and compliance. Safety automation simplifies compliance efforts by automating security controls, reviews, and reporting procedures. In addition, the threat scene is always changing, as attackers use increasingly complex ways to circumvent standard safety protection. Security automation enables institutions to quickly respond to new threats by automating detection, investigation, and reaction to security incidents in actual time. These factors contribute to the continuous growth of the global security automation market.
The story continues
Likewise, cloud computing, Internet of Things, BYOD and hybrid information technology bases have increased complicated information and security infrastructure management. Here, safety automation gives institutions the ability to expand and lightly the movement they need to secure complex and dynamic information technology systems efficiently. Moreover, it helps institutions reduce their operational cost by automating manual and repeated tasks. This enables institutions to increase their efficiency and reduce manual errors.
Regional expectations
According to the region, the security automation market is analyzed throughout North America, Europe, Asia, the Pacific and Lamea. North America acquired the highest shares in 2023. North America has an appropriate infrastructure due to the presence of major sellers in countries such as the United States and Canada, which leads to the continuous development of advanced security solutions that integrate technologies such as artificial intelligence, ML, and predictions.
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The main industry players: –
Palo Alto networks
Examination
Red hat
Cisco Systems Inc
IBM Company
Fortinite
Microsoft Corporation
Secureworks
D3 security
Crowdstrike
The report provides a detailed analysis of these main sellers in the global safety automation market. These players have adopted different strategies such as new development, cooperation, expansion, joint projects, agreements, and others to increase their market share and maintain dominant stocks in different regions. This report is valuable in highlighting the performance of business, operating slides, wallets, and strategic movements of market sellers to highlight the competitive scenario.
Modern development:
On May 6, 2024, Swimlane LLC announced a security automation market. The Swimlane Market is designed to enable institutions to automate safety operations through commercial operations.
On March 13, 2024, Stellar Cyber ​​and Torq announced its partnership to develop the automated security operations platform. The partnership aims to provide security teams across institutions with integrated solutions to operate to simplify their security operations.
On February 27, 2024, NTT Data Group Corporation announced its partnership with Swimlane LLC to automate security. This partnership aims to enhance the capabilities of the NTT Security Center (SOC).
On June 6, 2023, Palo Alto networks, in partnership with Cortex, announced the launch of Expander 2.2, which merges the capabilities of artificial intelligence to improve modern SOC to change security operations across institutions.
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