Security orchestration refers to software allowing enterprises to collect data examined by security operations. By combining human and machine capacity to conduct event analysis and evaluation, signals from the SIEM system and other security technologies, for example, can help define, prioritize, and drive standardized incident response activities. In a digital workflow structure, security orchestration technologies can define issue analysis and response plans.
The requirement for automated security operations grows as the volume, velocity, and complexity of attacks increase. Cyber-attack intricacy limits the human/SOC analyst's ability to observe, understand, calculate, and grasp the links. As a result, predicting risk in multiple scenarios with precision is difficult.
The increasing frequency of cyber-attacks is driving up demand for automation. According to the Microsoft Global Incident Response and Recovery Team, attackers can proceed from phishing email-based endpoint infection to complete domain control in less than 24 hours. Similarly, the amount of cyberattacks and security events that security operation centers have to deal with daily is growing. This is driving market growth by boosting the demand for security operations automation for a smoother workflow.
Many manufacturers and connected devices tax today's network infrastructure. Due to overcrowded networks, many businesses are unaware of the procedures for establishing network security. The web becomes increasingly complex as connecting points to enterprise networks grow. Businesses face security concerns from hybrid networks, cloud networks, physical networks, and end-device connectivity, including mobile phones.
Secondly, IT infrastructure is becoming more complex as the number of devices to manage grows, as does the volume of data produced. Before initiating an attack, hackers assess the system's complexity. According to a study of IT and information security professionals done by Enterprise Strategy Group (ESG) in March 2020, threats, network complexity, and ineffective tools drive change in the cybersecurity sector.
On the other hand, most corporate networks have evolved due to numerous rounds of technology upgrades and application evolutions, making it impossible for the security team to completely understand the network and security environment, resulting in cyber invasions. As a result, companies are increasingly deploying security orchestration solutions, which help enterprises handle network security challenges by centrally managing and regulating enterprise security.
Security orchestration links numerous SOC tools and processes to automate tasks for more accessible and more effective security operations. The market is expected to increase during the forecast period due to the need for varied cybersecurity solutions to combat network complexity.
Intelligent automation is making a difference in the IT business. Due to significant labor shortage, cybersecurity automation has become crucial. Employing unskilled labor who juggle dozens of tools simultaneously is common. As a result, businesses are looking for security automation and response solutions, also known as the SOAR (Security Orchestration, Automation, and Response) platform, to help them bridge the gap between unskilled employees and growing security requirements.
As a result, leading key companies are increasing their investments and mergers and acquisitions to safeguard against cyber-attacks, which is expected to provide attractive growth possibilities for the global security orchestration market throughout the forecast period.
For example, check Point Software Technologies, a leading global cybersecurity solutions provider, announced a new deal with Siemplify in 2020 to make the Siemplify Security Operations Platform available to its global client base. The Siemplify platform integrates with Check Point systems to provide a unified workbench for security operations center (SOC) staff to swiftly recognize, triage, and stop threats.
Despite the country-wide lockdowns, the security orchestration market flourished dramatically during the COVID-19 outbreak, as security technology and solutions were gradually adopted, and enterprises exploited remote work access. During the early pandemic of the virus, schools were shuttered, and individuals were encouraged to stay at home. Many companies were looking for ways to allow their employees to work from home. As a result, more people were employing video communication techniques. New domain registrations on different video communication services, including Zoom, soared four months following the virus outbreak.
According to Checkpoint Security, over 1,700 new domains have been registered since January 2020, with 25% reported in the first week of March 2020. As a result, cybercriminals started to target these sites, which uplifted the demand for security orchestration across the globe. Thus, the security orchestration industry has grown significantly. Many firms rely on these solutions to integrate their existing security platforms and automate the entire process, considered as the number of cybersecurity-related incidents has increased during pandemic times.
The post-pandemic stage will be essential for the global security orchestration market. Lower demand as the pandemic fades may hinder the recovery. Still, increased cyber-attacks and the risk of data loss will surge the market growth during the forecast period. The global security orchestration market will swiftly recover.
North America, Europe, Asia-Pacific, Latin America, and the Middle East and Africa make up the market's five regions. North America and Asia-Pacific are the two most important markets for security orchestration. Ransomware detections have been more common in countries with a more significant internet user population. The United States leads the pack with 18.20% of all ransomware assaults. Hackers are constantly working to make their cyberattacks more elusive and destructive.
According to the Identity Theft Resource Center, the United States experienced 1001 data breaches in 2020. In addition, in 2020, significant cyberattacks backed by a foreign government infiltrated hundreds of companies worldwide, including multiple sections of the US federal government, culminating in a series of data breaches. Cyber-attacks of this nature are likely to become more common in the country across domains, driving up demand for security orchestration in the North American market.
Asia-Pacific is expected to be the second-largest market for security orchestration, with an expected market value of USD 2,610 million by 2030. Over the forecast period, the rising number of connected devices and the increasing adoption of internet of things technologies across multiple industries in the Asian countries like India, China, and Malaysia are expected to fuel the adoption of security orchestration solutions to monitor these devices' cyber threats constantly.
In Europe, the government responds successfully to escalating cyberattacks in the defense industry, where the UK must use all of its national power instruments. The UK's entire government approach to coordinating national security capabilities, from economic levers to cutting-edge military resources to wider diplomatic and cultural influence, to achieve its intended national security objectives is known as the Fusion Doctrine, which is driving the need for security orchestration across the EU.
Data has been compromised due to an increase in cyberattacks in the region. According to Akamai Technologies, Brazil had the highest number of web application assaults in June 2019, with over 392 thousand directed at websites in the high technology industry. As a result of these occurrences, orchestration solutions are expected to see higher acceptance over the forecast period.