The Global Security Orchestration Automation and Response (SOAR) Market size is expected to reach $2.3 billion by 2025, rising at a market growth of 16.3% CAGR during the forecast period>
Cision PR Newswire
NEW YORK, Oct. 21, 2019 /PRNewswire/ – The Global Security Orchestration Automation and Response (SOAR) Market size is expected to reach $2.3 billion by 2025, rising at a market growth of 16.3% CAGR during the forecast period. Market growth is influenced by factors like growing cyber-attacks, absence of staff availability, strict laws and compliance, absence of centralized views on threats, and a large amount of false alerts that contribute significantly to the SOAR ecosystem. Market players are taking step-by-step approaches to leverage market possibilities. Companies focus on innovative market-space competitive strategies. For instance, in August 2019, Splunk integrated with Deloitte in order to provide automated security monitoring and response capabilities which helps in driving higher fidelity and greater consistency into security workflows and outputs for organizations. The same month, FireEye launched FireEye® Network Security 8.3 and FireEye Endpoint Security 4.8; are used for enhanced detection and investigation related to advanced attacks. Similarly, Tufin collaborated with Cisco in order to launch Tufin Orchestration Suite R19-2 for helping the customers to increase the mitigation process to Cisco ACI.
Link: https://www.prnewswire.com/news-releases/the-global-security-orchestration-automation-and-response-soar-market-size-is-expected-to-reach-2-3-billion-by-2025–rising-at-a-market-growth-of-16-3-cagr-dur