The global security orchestration market size was USD 2.43 Billion in 2021 and is expected to register a revenue CAGR of 16.52% during the forecast period, according to latest analysis by Emergen Research. Increasing popularity of Bring Your Own Devices (BYOD) in organizations is a major factor driving market revenue growth. Introduction of remote working options for employees owing to COVID-19 and BYOD rules has helped many firms to adopt security orchestration successfully. It is expected that over 80% of businesses will have BYOD rules in place by 2022, while 76% of workers reportedly use their personal cell phones for work. However, despite the widespread use of BYOD policy, only about 33% of businesses have made it necessary for employees devices to be recognized with IT to install security software. Such factors are expected to drive revenue growth of the market.
Some of the key factors driving the growth of the global Security Orchestration market include expanding R&D efforts to develop novel Security Orchestration products for a variety of applications and rising demand for mercury control technology for industrial air purification. The most recent data on the COVID-19 pandemic market condition is provided in the research. The investigation indicates that COVID-19 plays a vital role in the market’s dynamically altered environment. The study carefully investigates how the pandemic has altered market dynamics and trends while also precisely analysing how the crisis has impacted the market as a whole.
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Effect of COVID-19 on the global market for Security Orchestration
The COVID-19 pandemic had a significant negative influence on the market for Security Orchestration in 2020, significantly decreasing its CAGR. In 2020, manufacturers and suppliers of Security Orchestration were significantly impacted by federal and national safety and legal orders. The majority of businesses have been impacted by the COVID-19 pandemic. Mandates for business closures, restricted municipal and state government office activities, and social conventions of distance had an impact on the production of Security Orchestration in 2020. Additionally, demand for Security Orchestration decreased across a range of end-use sectors. The pandemic epidemic also resulted in a decline in global investments in the water sector.
Security Orchestration market : Competitive Landscape
The prominent players operating in the Security Orchestration market are profiled in-depth in the report and their strategies, collaborations, and product innovations. The analysis of the key players and their strategies to fortify their presence in the market impart a better understanding of the competitive landscape of the Security Orchestration market .
Some of the prominent players operating in the market are:
IBM, Cisco System Inc., DXC Technology Company, RSA Security LLC, FireEye, Swimlane, Tufin, Palo Alto Networks, Accenture, and SIRP Labs
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The research study examines historic data from 2018 and 2020 to draw forecasts until 2028. The timeline makes the report an invaluable resource for readers, investors, and stakeholders looking for key insights in readily accessible documents with the information presented in the form of tables, charts, and graphs.
Key questions answered in the report:
What will be the development pace of Security Orchestration market ?
What are the key factors driving the Global Security Orchestration market ?
Who are the key manufacturers in the market space?
What are the openings, hazards, and outline of the market?
What is sales, revenue, and price analysis of top manufacturers of Security Orchestration market ?
Who are the distributors, traders, and dealers of Security Orchestration market ?
What are the Security Orchestration market opportunities and threats faced by the vendors in the Global Security Orchestration industries?
What are deals, incomes, and value examinations by types and utilizations of the market?
What are deals, income, and value examinations by areas of enterprises?
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Segments Covered in this report are:
-
Component Outlook (Revenue, USD Billion; 2019–2030)
- Software
- Services
- Consulting
- Training and Education
- Support and Maintenance
-
Organization Size Outlook (Revenue, USD Billion; 2019–2030)
- Large Enterprises
- Small and Medium Enterprises (SMEs)
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Deployment Outlook (Revenue, USD Billion; 2019–2030)
- Cloud
- On-Premises
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Regional Bifurcation of the Security Orchestration market Includes:
- North America (U.S., Canada)
- Europe (U.K., Italy, Germany, France, Rest of EU)
- Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
- Latin America (Chile, Brazil, Argentina, Rest of Latin America)
- Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
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