This research report categorizes the security automation market based on offering, technology, application, code type, vertical, and region.
The Security Automation Market is projected to grow from USD 8.9 billion in 2023 to USD 16.7 billion by 2028, at a compound annual growth rate (CAGR) of 13.4% during the forecast period, according to new research report by MarketsandMarkets™
The security automation market is expected to grow significantly during the forecast period, owing to various business drivers like the rising cybersecurity threats and complexity, and the growing ability to detect and respond to security incidents in real-time.
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359 - Tables
83 - Figures
363 - Pages
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By services, managed services to register for the highest CAGR during the forecast period
The services segment of the security automation market is growing rapidly. The managed services are vital in properly functioning security automation solutions.
Security automation vendors require technical support and consulting services to deploy their solutions quickly and smoothly in the market. Managed services are crucial in the security automation market as they offer specialized services and support to organizations requiring security automation solutions.
Their role encompasses various aspects that help businesses leverage the full potential of these technologies effectively.
By technology, AI & ML to register for the highest market size during the forecast period
AI and ML technologies are playing a pivotal role in shaping the landscape of the security automation market. These advanced technologies are revolutionizing the way organizations detect, respond to, and mitigate cybersecurity threats.
AI and ML have become integral components of security automation, driving the growth and evolution of this market.
By region, Asia Pacific accounted for highest growth rate during forecast period
Asia Pacific is witnessing significant technological innovation in security automation. Several Asian countries, such as Japan, China, and India, are leveraging information-intensive technologies, and security automation is one of the leading technology trends.
With new growth opportunities declining in conventional, strong markets such as North America and Europe, several vendors are interested in Asia Pacific. China, Japan, and India are technology-driven countries and present major opportunities in terms of investments and revenues.
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Key Market Players
Some major players in the security automation market include Palo Alto Networks (US), Splunk (US), CyberArk (US), Check Point (Israel), CrowdStrike (US), Red Hat (US), Cisco (US), Carbon Black (US), Trellix (US), IBM (US), Secureworks (US), Tenable (US), Microsoft (US), Swimlane (US), Tufin (US), Sumo Logic (US), Google (US), LogRhythm (US), Exabeam (US), ManageEngine (India), Fortinet (US), Devo Technology (US), D3 Security (Canada), Logsign (Netherlands), Vulcan Cyber (Israel), Cyware (US), Cyberbit (US), SIRP (US), Tines (Ireland), Veriti (Israel), Vanta (US), Drata (US), Anvilogic (US), and Torq (US).
Regional Analysis for Security Automation Market
- North America: The Security Automation industry has been significantly driven by North America, especially the United States and Canada. The region is a prime market for security automation solutions due to its high enterprise density and level of cybersecurity awareness. The rising frequency of cyberattacks, strict data protection laws, and the use of cutting-edge technologies like AI and machine learning in security operations are key market growth drivers. For cybersecurity innovation and investment, major cities like New York, San Francisco, and Washington, D.C., are centres.
- Europe: Due to GDPR (General Data Protection Regulation) compliance and the rise in cyberthreats, Europe has witnessed a growing emphasis on cybersecurity. The market is now being led by nations like the UK, Germany, and France. The European Union's dedication to enhancing cybersecurity capacities and member states' cooperation has also aided market expansion. Compared to Eastern Europe, Western Europe has better developed markets for the adoption of security automation technologies and services.
- Asia-Pacific: The Security Automation market is expanding quickly in the Asia-Pacific region, which includes nations like South Korea, China, Japan, and India. Government cybersecurity measures and the growing digitization of enterprises are fueling this expansion. Particularly in China, large expenditures have been made in national cybersecurity capabilities, and the country is also the location of several burgeoning security automation firms. The need for cloud-based security automation solutions is also rising in the Asia-Pacific area.
- Latin America: Brazil and Mexico are the leaders in the expanding Latin American market for security automation. Cyber dangers are becoming more prevalent in the area, encouraging investments in cybersecurity tools. Businesses have also been driven to embrace security automation solutions by regulatory adjustments and data protection legislation in nations like Brazil.
- Middle East and Africa: The use of security automation solutions is growing, especially in the Middle East and Africa. Governments and organisations in the area are investing in cutting-edge technologies as they realise how important cybersecurity is. Particularly the United Arab Emirates (UAE) and Israel are renowned for their investments in and innovation in cybersecurity.
Factors that Drive Security Automation Market
- Rising Cybersecurity Threats: Advanced security measures are required due to the volume and level of sophistication of cyber threats, such as malware, ransomware, phishing, and insider threats. Automation is being used by businesses to proactively identify threats and take immediate action.
- Shortage of Cybersecurity Talent: It is difficult for organisations to defend against cyber threats due to the global shortage of qualified cybersecurity specialists. By automating mundane operations, security automation allows existing workers to concentrate on more intricate security concerns, bridging the skill gap.
- Increasing Complexity of IT Environments: Security management has become increasingly difficult as a result of the growth of IT infrastructure, including cloud services, IoT devices, and remote work. Organisations may effectively manage and safeguard these various settings with the aid of security automation.
- Regulatory Compliance: Organisations must implement strong security procedures in order to comply with strict data protection and privacy laws like GDPR, HIPAA, and CCPA. By automating data monitoring, reporting, and incident response, security automation aids in assuring compliance.
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