Global Security-Orchestration Market Growth to be Propelled by Cyber Attacks, Bring Your Own Device (BYOD) Policies, Over Crowded Networks, and Security Automation by CAGR of 18% During 2022 – 2031

Kenneth Research published a report titled “Security-Orchestration Market: Global Demand Analysis & Opportunity Outlook 2031” which delivers detailed overview of the global security-orchestration market in terms of market segmentation by application, by component, by organization size, by deployment, by vertical and by region.

Further, for the in-depth analysis, the report encompasses the industry growth indicators, restraints, supply and demand risk, along with detailed discussion on current and future market trends that are associated with the growth of the market.

Full Description Here: https://www.kennethresearch.com/report-details/security-orchestration-market/10154343

The global security-orchestration market is expected to grow at a CAGR of approximately 18% from 2022-2031. The market is segmented by vertical into BFSI, energy & utilities, government & defense, healthcare, retail, e-commerce, IT & Telecom, and others. Of these, the BFSI segment is anticipated to hold the largest market share by the end of 2031, owing to the rise in cyber-attacks against the sector for reasons including technology innovations, and growth in online and mobile banking.

The global security-orchestration market is expected to hold a revenue of ~ USD 10 billion by 2031 growing from ~ USD 2 billion in 2021. The market growth can be attributed to ever increasing cyber-crimes, the increased implementation of BYOD policies by organizations due to COVID-19, vulnerabilities from over crowded network, greater adoption of cloud computing, increase in work from home jobs and implementation of IT security automation.

Geographically, the global security-orchestration market is divided into five major regions, including North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The market in North America is projected to hold the largest market share by the end of 2031, backed by large number of cyber-attacks as a result of increase in remote workforce, BYOD policies and the rise in the popularity of mobile banking.

The research is global in nature and covers detailed analysis on the market in North America (U.S., Canada), Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC [Finland, Sweden, Norway, Denmark], Poland, Turkey, Russia, Rest of Europe), Latin America (Brazil, Mexico, Argentina, Rest of Latin America), Asia-Pacific (China, India, Japan, South Korea, Indonesia, Singapore, Malaysia, Australia, New Zealand, Rest of Asia-Pacific), Middle East and Africa (Israel, GCC [Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman], North Africa, South Africa, Rest of Middle East and Africa). In addition, analysis comprising market size, Y-O-Y growth & opportunity analysis, market players’ competitive study, investment opportunities, demand for future outlook etc. has also been covered and displayed in the research report.

Organizations Increasingly Implementing BYOD to Boost the Market Growth     

COVID-19 resulted in a great shift in workspace concept with the growth in the number of work-from-home jobs. To effectively implement the new digital workspaces, many organizations introduced BYOD. Presently close to 76% of employees work on their mobile phones. It has also been observed that more than 80% of employers have introduced a BYOD policy for their employees as of 2022.

BYOD, however, increases data vulnerabilities as the devices used for jobs are put in the exclusive control of inexperienced employees. It has been estimated that only ~ 33% of businesses ask their employees to register their devices with IT to install security software. Employees using their devices for work become points for data leakage when they share data with malicious third parties while installing software and apps.

However, ignorance about cyber-attacks, inadequate knowledge about the developing cyber security services and the ever-evolving network infrastructure of organizations are expected to operate as key restraints to the growth of global security-orchestration market over the forecast period.

This report also provides the existing competitive scenario of some of the key players of the global security-orchestration market which includes company profiling of FireEye, Inc., IMB, Tufin Software Technologies Ltd., Swimlane Inc., Cisco Systems, Inc., SIRP Labs Limited., Forescout Technologies, Inc., Siemplify, Rapid7, Accenture PLC, and others. The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments. On the whole, the report depicts detailed overview of the global security-orchestration market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.     

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