Security Orchestration is all about collecting and consolidating information from a variety of sources. For instance, in a suspicious file, inorder to understand the risk it poses, it is essential to know its source and whether it contains any known malware or not. This takes time to get these responses manually. The use of SOAR solution provides quick access to vital security information, it investigates more efficient and provides all essential information inorder to make the best decisions possible.
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The Security Orchestration Automation and Response (SOAR) market shows a significant demand owing to rising number of false alerts. Lack of concentrated view on threats is also a factor contributing to the growth of market. Moreover, the aspects such as lack in availability of staffs and strict regulations and compliances are also two aspects driving the demand for SOAR ecosystem. However, lack of knowledge and awareness among numerous firms may restrain the growth of SOAR market growth.
On the basis of component, Security Orchestration Automation and Response (SOAR) market is segregated into solution and services. The solution segment is predicted to record higher growth in the future as SOAR is provided in the form of a solution or a platform by the cybersecurity vendors. The platform allows firms to gather data from numerous sources and automate security operations. The SOAR platform helps different solutions to combine and simplify processes across workflows through goods while also enabling human intervention. These solutions are implemented in private or public firms to manage security alerts and prevent further cyber-attacks. As the level of sophistication in cyber-attack vectors is increasing, organizations are adopting security services to address rising risks in an ever-changing threat landscape. The security services sector is divided into two main types, namely professional services and managed services.
