Security Automation Market
PUBLISHED: 2024 ID: SMRC27182
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Security Automation Market

Security Automation Market Forecasts to 2030 - Global Analysis By Security Type (Network Security, Application Security, Endpoint Security, Cloud Security, Data Security and Other Security Types), Component, Deployment Mode, Organization Size, End User and By Geography

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5.0 (82 reviews)
Published: 2024 ID: SMRC27182

This report covers the impact of COVID-19 on this global market
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According to Stratistics MRC, the Global Security Automation Market is accounted for $9.24 billion in 2024 and is expected to reach $20.53 billion by 2030 growing at a CAGR of 15.2% during the forecast period. Security automation refers to the use of technology, tools, and software to perform security tasks automatically, without human intervention. It streamlines repetitive and manual processes such as threat detection, incident response, and vulnerability management, allowing organizations to respond to potential threats faster and more efficiently. Security automation minimizes the risk of human error, improves overall system reliability, and frees up security teams to focus on more complex tasks. It is often integrated with security information and event management (SIEM) systems and other cybersecurity frameworks for comprehensive defense.

According to the FBI’s Internet Crime Report, cybercrime resulted in over 4.2 billion in financial losses in 2020.

Market Dynamics: 

Driver: 

Increasing cyber threats

As cyber threats become more frequent and complex, traditional security measures are often insufficient, leading businesses to invest in automated systems that offer real-time monitoring, threat intelligence, and rapid incident response. These solutions leverage AI and machine learning to enhance threat detection and reduce response times, ensuring better protection of critical assets and data. Consequently, the growing need to counter evolving cyber threats accelerates the demand for comprehensive security automation solutions.

Restraint:

Vendor lock-in

Vendor lock-in limits organization’s flexibility and increasing their dependence on specific technology providers. This can lead to challenges in integrating new solutions or adapting to evolving security needs, as companies may be constrained by the proprietary systems and standards of a single vendor. Additionally, it can increase long-term costs due to lack of competition and higher switching expenses. Such constraints can deter potential adopters and slow down overall market adoption and innovation in security automation.

Opportunity:

Advancements in AI and machine learning

AI-driven solutions can analyze vast amounts of data in real-time, identify patterns and anomalies indicative of cyber threats, and automate responses to mitigate risks. Machine learning models continuously improve their accuracy and efficiency as they learn from new data and evolving attack vectors. This enables more proactive and adaptive security measures, reduces the reliance on manual monitoring, and accelerates incident response times. As a result, organizations achieve stronger security postures and increased operational efficiency.

Threat:

High cost of raw materials

Complexity of integration in Security Automation arises from the need to seamlessly connect disparate systems, technologies, and processes within an organization's IT infrastructure. This often involves aligning various security tools, data sources, and workflows, which can be technically challenging and resource-intensive. Such complexity can hamper market growth by increasing deployment time and costs, discouraging potential adopters.

Covid-19 Impact

The covid-19 pandemic significantly impacted the security automation market, accelerating the adoption of advanced technologies such as AI, machine learning, and cloud-based solutions. With remote work becoming the norm, organizations increased investments in cybersecurity to address rising threats and vulnerabilities. The need for automated security systems grew, leading to enhanced demand for integrated solutions that can streamline operations and improve response times. Overall, the pandemic underscored the importance of robust security measures in a rapidly changing digital landscape.

The endpoint security segment is expected to be the largest during the forecast period

The endpoint security segment is estimated to be the largest during the forecast period. Endpoint security in security automation focuses on protecting individual devices, such as laptops, desktops, and mobile devices, from cyber threats. It involves automated solutions that continuously monitor, detect, and respond to potential vulnerabilities or attacks. Automated endpoint security systems reduce the need for manual intervention, improving response times and ensuring consistent protection. This approach helps organizations safeguard endpoints from malware, ransomware, phishing, and other cyber risks efficiently.
 
The IT & telecommunications segment is expected to have the highest CAGR during the forecast period

The IT & telecommunications segment is anticipated to witness the highest CAGR growth during the forecast period. In the IT and telecommunications sector, security automation plays a crucial role in streamlining and enhancing cybersecurity operations. It automates routine security tasks like threat detection, incident response, and vulnerability management, reducing human error and increasing efficiency. By leveraging AI and machine learning, security automation ensures quicker response times to cyber threats, protecting critical infrastructure and sensitive data.

Region with largest share:

In the Asia-Pacific region, the Security Automation market has anticipated to witness the largest share driven by increasing cyber threats, digital transformation, and government regulations. The expansion of IT infrastructure, coupled with the rise of remote work and smart technologies, has fuelled demand for advanced security solutions. Countries like China, India, Japan, and South Korea are at the forefront, investing heavily in AI-driven security systems, threat intelligence, and automated response mechanisms. The market benefits from a strong focus on enhancing security protocols to protect critical infrastructure and sensitive data across diverse sectors.

Region with highest CAGR:

In North America, the security automation market isis expected to have highest CAGR due to increasing cyber threats, sophisticated attack vectors, and stringent regulatory requirements. The region's advanced technological infrastructure and high adoption rates of AI, machine learning, and automation drive the demand for integrated security solutions. The presence of major technology firms and the focus on proactive cybersecurity measures further bolster market growth, addressing evolving security challenges effectively.

Key players in the market

Some of the key players profiled in the Security Automation Market include Cisco Systems Inc., IBM Corporation, Palo Alto Networks Inc., Fortinet Inc., Check Point Software Technologies Limited, Splunk Inc., McAfee LLC, Juniper Networks Inc., Rapid7 Inc., FireEye Inc., ABB Limited, Trend Micro Incorporated, LogRhythm Inc., CyberArk Software Ltd., Swimlane LLC, RSA Security LLC, SolarWinds Corporation, Symantec Corporation and Darktrace Limited.

Key Developments:

In September 2024, ABB India has announced the launch of ABB-free@home® in India, a Smart Home automation system with enhanced interoperability. This cutting-edge and comprehensive wireless home automation solution is designed to enhance comfort, security, and energy efficiency for the residential segment. It allows users to integrate and control additional elements such as white good appliances, third party devices as well as EV chargers, through a single interface.

In May 2024, Swimlane LLC announced Swimlane Marketplace, a full-stack modular marketplace for security automation. At the core of the new offering is a pitch to make it easier and simpler than ever to automate. The new marketplace offers a dynamically expanding library of connectors, a variety of widgets, reusable components and prebuilt solutions.

Security Types Covered:
• Network Security
• Application Security
• Endpoint Security
• Cloud Security
• Data Security
• Other Security Types

Components Covered:
• Solutions
• Services

Deployment Modes Covered:
• On-Premise
• Cloud-Based

Organization Sizes Covered:
• Small & Medium-Sized Enterprises (SMEs)
• Large Enterprises

End Users Covered:
• BFSI (Banking, Financial Services, & Insurance)
• Government & Defense
• IT & Telecommunications
• Healthcare
• Retail
• Education
• Other End Users

Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan        
o China        
o India        
o Australia  
o New Zealand
o South Korea
o Rest of Asia Pacific    
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa 
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa

What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2022, 2023, 2024, 2026, and 2030 
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements

Free Customization Offerings: 
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances

Table of Contents

1 Executive Summary  
    
2 Preface   
 2.1 Abstract  
 2.2 Stake Holders 
 2.3 Research Scope 
 2.4 Research Methodology
  2.4.1 Data Mining
  2.4.2 Data Analysis
  2.4.3 Data Validation
  2.4.4 Research Approach
 2.5 Research Sources 
  2.5.1 Primary Research Sources
  2.5.2 Secondary Research Sources
  2.5.3 Assumptions
    
3 Market Trend Analysis 
 3.1 Introduction 
 3.2 Drivers  
 3.3 Restraints 
 3.4 Opportunities 
 3.5 Threats  
 3.6 End User Analysis 
 3.7 Emerging Markets 
 3.8 Impact of Covid-19 
    
4 Porters Five Force Analysis 
 4.1 Bargaining power of suppliers
 4.2 Bargaining power of buyers
 4.3 Threat of substitutes
 4.4 Threat of new entrants
 4.5 Competitive rivalry 
    
5 Global Security Automation Market, By Security Type
 5.1 Introduction 
 5.2 Network Security 
  5.2.1 Firewalls 
  5.2.2 Intrusion Prevention Systems (IPS)
  5.2.3 Virtual Private Networks (VPNs)
 5.3 Application Security
  5.3.1 Web Application Firewalls (WAF)
  5.3.2 Application Programming Interface (API) Security
 5.4 Endpoint Security 
  5.4.1 Antivirus 
  5.4.2 Device Control
 5.5 Cloud Security 
  5.5.1 Cloud Workload Protection Platforms (CWPP)
  5.5.2 Cloud Security Posture Management (CSPM)
 5.6 Data Security 
  5.6.1 Encryption
  5.6.2 Data Loss Prevention (DLP)
  5.6.3 Identity and Access Management (IAM)
 5.7 Other Security Types
    
6 Global Security Automation Market, By Component
 6.1 Introduction 
 6.2 Solutions  
  6.2.1 Security Information and Event Management (SIEM)
  6.2.2 Security Orchestration, Automation, and Response (SOAR)
  6.2.3 Threat Intelligence Platforms
  6.2.4 Incident Response Automation
 6.3 Services  
  6.3.1 Managed Security Services
  6.3.2 Professional Services
    
7 Global Security Automation Market, By Deployment Mode
 7.1 Introduction 
 7.2 On-Premise 
 7.3 Cloud-Based 
    
8 Global Security Automation Market, By Organization Size
 8.1 Introduction 
 8.2 Small & Medium-Sized Enterprises (SMEs)
 8.3 Large Enterprises 
    
9 Global Security Automation Market, By End User
 9.1 Introduction 
 9.2 BFSI (Banking, Financial Services, & Insurance)
 9.3 Government & Defense
 9.4 IT & Telecommunications
 9.5 Healthcare 
 9.6 Retail  
 9.7 Education 
 9.8 Other End Users 
    
10 Global Security Automation Market, By Geography
 10.1 Introduction 
 10.2 North America 
  10.2.1 US 
  10.2.2 Canada 
  10.2.3 Mexico 
 10.3 Europe  
  10.3.1 Germany 
  10.3.2 UK 
  10.3.3 Italy 
  10.3.4 France 
  10.3.5 Spain 
  10.3.6 Rest of Europe
 10.4 Asia Pacific 
  10.4.1 Japan 
  10.4.2 China 
  10.4.3 India 
  10.4.4 Australia 
  10.4.5 New Zealand
  10.4.6 South Korea
  10.4.7 Rest of Asia Pacific
 10.5 South America 
  10.5.1 Argentina
  10.5.2 Brazil 
  10.5.3 Chile 
  10.5.4 Rest of South America
 10.6 Middle East & Africa
  10.6.1 Saudi Arabia
  10.6.2 UAE 
  10.6.3 Qatar 
  10.6.4 South Africa
  10.6.5 Rest of Middle East & Africa
    
11 Key Developments  
 11.1 Agreements, Partnerships, Collaborations and Joint Ventures
 11.2 Acquisitions & Mergers
 11.3 New Product Launch
 11.4 Expansions 
 11.5 Other Key Strategies
    
12 Company Profiling  
 12.1 Cisco Systems Inc. 
 12.2 IBM Corporation 
 12.3 Palo Alto Networks Inc.
 12.4 Fortinet Inc. 
 12.5 Check Point Software Technologies Limited
 12.6 Splunk Inc. 
 12.7 McAfee LLC 
 12.8 Juniper Networks Inc.
 12.9 Rapid7 Inc. 
 12.10 FireEye Inc. 
 12.11 ABB Limited 
 12.12 Trend Micro Incorporated
 12.13 LogRhythm Inc. 
 12.14 CyberArk Software Ltd.
 12.15 Swimlane LLC 
 12.16 RSA Security LLC 
 12.17 SolarWinds Corporation
 12.18 Symantec Corporation
 12.19 Darktrace Limited 
    
List of Tables   
1 Global Security Automation Market Outlook, By Region (2022-2030) ($MN)
2 Global Security Automation Market Outlook, By Security Type (2022-2030) ($MN)
3 Global Security Automation Market Outlook, By Network Security (2022-2030) ($MN)
4 Global Security Automation Market Outlook, By Firewalls (2022-2030) ($MN)
5 Global Security Automation Market Outlook, By Intrusion Prevention Systems (IPS) (2022-2030) ($MN)
6 Global Security Automation Market Outlook, By Virtual Private Networks (VPNs) (2022-2030) ($MN)
7 Global Security Automation Market Outlook, By Application Security (2022-2030) ($MN)
8 Global Security Automation Market Outlook, By Web Application Firewalls (WAF) (2022-2030) ($MN)
9 Global Security Automation Market Outlook, By Application Programming Interface (API) Security (2022-2030) ($MN)
10 Global Security Automation Market Outlook, By Endpoint Security (2022-2030) ($MN)
11 Global Security Automation Market Outlook, By Antivirus (2022-2030) ($MN)
12 Global Security Automation Market Outlook, By Device Control (2022-2030) ($MN)
13 Global Security Automation Market Outlook, By Cloud Security (2022-2030) ($MN)
14 Global Security Automation Market Outlook, By Cloud Workload Protection Platforms (CWPP) (2022-2030) ($MN)
15 Global Security Automation Market Outlook, By Cloud Security Posture Management (CSPM) (2022-2030) ($MN)
16 Global Security Automation Market Outlook, By Data Security (2022-2030) ($MN)
17 Global Security Automation Market Outlook, By Encryption (2022-2030) ($MN)
18 Global Security Automation Market Outlook, By Data Loss Prevention (DLP) (2022-2030) ($MN)
19 Global Security Automation Market Outlook, By Identity and Access Management (IAM) (2022-2030) ($MN)
20 Global Security Automation Market Outlook, By Other Security Types (2022-2030) ($MN)
21 Global Security Automation Market Outlook, By Component (2022-2030) ($MN)
22 Global Security Automation Market Outlook, By Solutions (2022-2030) ($MN)
23 Global Security Automation Market Outlook, By Security Information and Event Management (SIEM) (2022-2030) ($MN)
24 Global Security Automation Market Outlook, By Security Orchestration, Automation, and Response (SOAR) (2022-2030) ($MN)
25 Global Security Automation Market Outlook, By Threat Intelligence Platforms (2022-2030) ($MN)
26 Global Security Automation Market Outlook, By Incident Response Automation (2022-2030) ($MN)
27 Global Security Automation Market Outlook, By Services (2022-2030) ($MN)
28 Global Security Automation Market Outlook, By Managed Security Services (2022-2030) ($MN)
29 Global Security Automation Market Outlook, By Professional Services (2022-2030) ($MN)
30 Global Security Automation Market Outlook, By Deployment Mode (2022-2030) ($MN)
31 Global Security Automation Market Outlook, By On-Premise (2022-2030) ($MN)
32 Global Security Automation Market Outlook, By Cloud-Based (2022-2030) ($MN)
33 Global Security Automation Market Outlook, By Organization Size (2022-2030) ($MN)
34 Global Security Automation Market Outlook, By Small & Medium-Sized Enterprises (SMEs) (2022-2030) ($MN)
35 Global Security Automation Market Outlook, By Large Enterprises (2022-2030) ($MN)
36 Global Security Automation Market Outlook, By End User (2022-2030) ($MN)
37 Global Security Automation Market Outlook, By BFSI (Banking, Financial Services, & Insurance) (2022-2030) ($MN)
38 Global Security Automation Market Outlook, By Government & Defense (2022-2030) ($MN)
39 Global Security Automation Market Outlook, By IT & Telecommunications (2022-2030) ($MN)
40 Global Security Automation Market Outlook, By Healthcare (2022-2030) ($MN)
41 Global Security Automation Market Outlook, By Retail (2022-2030) ($MN)
42 Global Security Automation Market Outlook, By Education (2022-2030) ($MN)
43 Global Security Automation Market Outlook, By Other End Users (2022-2030) ($MN)
    
Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.

List of Figures

RESEARCH METHODOLOGY


Research Methodology

We at Stratistics opt for an extensive research approach which involves data mining, data validation, and data analysis. The various research sources include in-house repository, secondary research, competitor’s sources, social media research, client internal data, and primary research.

Our team of analysts prefers the most reliable and authenticated data sources in order to perform the comprehensive literature search. With access to most of the authenticated data bases our team highly considers the best mix of information through various sources to obtain extensive and accurate analysis.

Each report takes an average time of a month and a team of 4 industry analysts. The time may vary depending on the scope and data availability of the desired market report. The various parameters used in the market assessment are standardized in order to enhance the data accuracy.

Data Mining

The data is collected from several authenticated, reliable, paid and unpaid sources and is filtered depending on the scope & objective of the research. Our reports repository acts as an added advantage in this procedure. Data gathering from the raw material suppliers, distributors and the manufacturers is performed on a regular basis, this helps in the comprehensive understanding of the products value chain. Apart from the above mentioned sources the data is also collected from the industry consultants to ensure the objective of the study is in the right direction.

Market trends such as technological advancements, regulatory affairs, market dynamics (Drivers, Restraints, Opportunities and Challenges) are obtained from scientific journals, market related national & international associations and organizations.

Data Analysis

From the data that is collected depending on the scope & objective of the research the data is subjected for the analysis. The critical steps that we follow for the data analysis include:

  • Product Lifecycle Analysis
  • Competitor analysis
  • Risk analysis
  • Porters Analysis
  • PESTEL Analysis
  • SWOT Analysis

The data engineering is performed by the core industry experts considering both the Marketing Mix Modeling and the Demand Forecasting. The marketing mix modeling makes use of multiple-regression techniques to predict the optimal mix of marketing variables. Regression factor is based on a number of variables and how they relate to an outcome such as sales or profits.


Data Validation

The data validation is performed by the exhaustive primary research from the expert interviews. This includes telephonic interviews, focus groups, face to face interviews, and questionnaires to validate our research from all aspects. The industry experts we approach come from the leading firms, involved in the supply chain ranging from the suppliers, distributors to the manufacturers and consumers so as to ensure an unbiased analysis.

We are in touch with more than 15,000 industry experts with the right mix of consultants, CEO's, presidents, vice presidents, managers, experts from both supply side and demand side, executives and so on.

The data validation involves the primary research from the industry experts belonging to:

  • Leading Companies
  • Suppliers & Distributors
  • Manufacturers
  • Consumers
  • Industry/Strategic Consultants

Apart from the data validation the primary research also helps in performing the fill gap research, i.e. providing solutions for the unmet needs of the research which helps in enhancing the reports quality.


For more details about research methodology, kindly write to us at info@strategymrc.com

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