Global SOAR Market Report 2019-2021 - Shrinking Supply of Cyber Security Talent & Growing Volume of Cyber Attacks Drive an Early Adoption of SOAR Solutions in Security Operations Centers

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Dec 02, 2019, 15:15 ET

DUBLIN, Dec. 2, 2019 /PRNewswire/ -- The "Global Security Orchestration and Automation Response Market, Forecast to 2021" report has been added to ResearchAndMarkets.com's offering.

This study on the global market for SOAR solutions provides detailed insights into key market trends, risk posture, market dynamics, and vendor dynamics in this market.

The SOAR market is in the early growth stage, owing to the niche nature of these solutions. Yet, it is predicted that enterprise adoption will record double-digit growth rates during the forecast period.

The presence of large volume of sensitive data and the need for cyber resiliency drives adoption in the financial services and healthcare verticals. Large enterprises feel a greater need for real-time security posture visibility. The presence of disparate departments and processes makes security orchestration an essential concept in large enterprises.

Market Summary

Growing volume and complexity of data breaches force enterprises to invest in many point solutions to reduce vulnerability. Information security analysts often do not have the required bandwidth to handle the huge volume of data generated by each of these tools. The situation is further complicated by the widening gap between the demand and supply of cyber security talent.

The security orchestration and automation response (SOAR) platform ties together various IT and security tools to give a bird's eye view of network security events. Further, these solutions take off a huge volume of workload from security analysts by automating repetitive manual tasks.

Research Scope

Geographical Analysis

Europe, Middle East, and Africa
Asia Pacific
North America and Latin America

Market Forecasts

Total SOAR Market, Forecast to 2021
SOAR Market by Business Size, Forecast to 2021
SOAR Market by Region, Forecast to 2021
SOAR Market by Verticals, Forecast to 2021
The base year for the study is 2018 and the forecast period is from 2019 to 2021

Insights Included

Market Dynamics
Market Trends
Growth Forecasts
Competitor Analysis and Key Vendor Profiles
Insights for CISOs
Growth Opportunities

Key Issues Addressed

What is Security Orchestration & Automation Response?
What are the products/concepts/use cases available in the market today? Who are the vendors operating in this market?
What is the current addressable market size? How is it expected to change over the forecast period? What are the factors influencing market growth rates?
What are the market dynamics? What are the pricing trends, deployment models, and distribution channels prevalent in this market?
How do market dynamics differ across regions and across verticals?
What are the growth opportunities for vendors and distributors in this market?
What are the best practices to be followed by enterprises adopting SOAR?

Key Topics Covered

1. Executive Summary

Key Findings
Market State - 360-Degree Snapshot

2. Research Scope

Geographical Segmentation
Key Questions this Study will Answer

3. Market Definitions

SOC Challenges
Benefits of SOAR

4. Market Dynamics

SOAR Market - Growth Enablers
SOAR Market - Challenges
Impact Mapping of Enablers and Challenges
Distribution Channel
Pricing Models

5. Market Size and Forecast

Forecast Assumptions
Risks to Market Forecasts
Revenue Forecast
Revenue Forecast Discussion
Percent Revenue Forecast by Region
Revenue Forecast by Region
Regional Hotspots and Emerging Geographies
Revenue Forecast Discussion by Region
Percent Revenue Forecast by Vertical
Revenue Forecast by Vertical
Revenue Forecast Discussion by Vertical
Percent Revenue Forecast by Business Size
Revenue Forecast by Business Size
Revenue Forecast Discussion by Business Size

6. Competitor Analysis

Competitive Environment
Market Penetration vs. Growth Matrix
Market Penetration vs. Growth Matrix Discussion
Key Vendor Profiles - Ayehu Technologies
Key Vendor Profiles - Cisco Defense Orchestrator (CDO)
Key Vendor Profiles - Cyberbit
Key Vendor Profiles - D3 Security
Key Vendor Profiles - Demisto
Key Vendor Profiles - DFLabs
Key Vendor Profiles - IBM Resilient
Key Vendor Profiles - LogRhythm
Key Vendor Profiles - Phantom Splunk
Key Vendor Profiles - Rapid7
Key Vendor Profiles - Siemplify
Key Vendor Profiles - Swimlane
Key Vendor Profiles - Syncurity

7. Insights for CISOs

To SOAR or Not?
Measuring Effectiveness of SOC Operations
Features and Functionalities
SOAR Considerations

8. Growth Opportunities and Companies to Action

Growth Opportunity 1 - SOC Process Consulting
Growth Opportunity 2 - Use Case Expansion
Growth Opportunity 3 - SME Focus
Strategic Imperatives for Success and Growth

9. The Last Word

Appendix
Partial List of Companies Interviewed
List of Exhibits

For more information about this report visit https://www.researchandmarkets.com/r/imq63m

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