Security Orchestration, Automation and Response (SOAR) Software Market size, Share, Growth, and Industry Analysis, By Type (Cloud Based, On-Premises) By Application (Large Enterprises, SMEs), and Regional Forecast to 2033

SECURITY ORCHESTRATION, AUTOMATION AND RESPONSE (SOAR) SOFTWARE MARKET OVERVIEW

The Global security orchestration, automation and response (soar) software market size was USD 579.96 million in 2024 and the market is projected to touch USD 1178.54 million by 2033, exhibiting a CAGR of 7.2% during the forecast period.

Organizations get the access of advanced cybersecurity in the wake of emerging cyber threats, thus resulting in a rising SOAR software market. Nowadays, organizations incorporate SOAR platforms into their security operations as automation of repetitive tasks, streamlining of processes related to incident responses, and generalized efficiency. Increasingly, security alerts are overwhelming the enterprises with a shortage of suitable cybersecurity skills. The industries across which SOAR software is prevalent include banking, healthcare, retail, and the government. With the seriousness that cybersecurity threats portray in such environments, this product allows security teams to rapidly and automatically discover threats, investigate the threats, and mitigate the consequences of threats as quickly as possible. Increased adoption of cloud-based security solutions, integrating artificial intelligence and machine learning with the SOAR platform, and increased regulatory compliance requirements across all industries have further accelerated expansion within the market. Organizations have pushed towards investing in SOAR solutions for compliance with the standards of security.

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COVID-19 IMPACT

"Security Orchestration, Automation and Response (Soar) Software Market Had a Positive Effect Due to Rapid Surge in Cyber Threats During COVID-19 Pandemic"

The global COVID-19 pandemic has been unprecedented and staggering, with the market experiencing higher-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden market growth reflected by the rise in CAGR is attributable to the market’s growth and demand returning to pre-pandemic levels.

The work-from-home model ushered in by the pandemic subjected security to new vulnerabilities, an unseen scale thus far. So, businesses and government organizations rushed to spend their cybersecurity budgets, spurring more-than-anticipated demand for SOAR platforms. Security alerts and cyber incidents were on the rise and played a significant role in the demand for the product. Employees were accessing corporate networks from personal devices as well as from unsecured home networks. Hackers took advantage of the situation to launch phishing attacks, ransomware campaigns, and data breaches. Security teams, who were increasingly working remotely, were overwhelmed by alerts and possible threats. This led organizations to adopt SOAR solutions for automating the detection, investigation, and response to threats in order to minimize the manual effort and improve incident response times. Due to the pandemic, businesses were driven further into adopting cloud-based SOAR solutions. Organizations had to shift their operations to cloud environments to support remote workforces, and this move introduced new security concerns, which included misconfigurations and unauthorized access. So, automated security orchestration and response became a necessity. Though this first wave resulted in some constrained budgets and slow-downs on IT investments, companies soon discovered that cybersecurity automation was no longer optional but absolutely necessary. And with this came the growth in the SOAR market, going much faster than initially projected and having organizations on board at an above-estimated rate to raise their security postures.

LATEST TREND

AI-Driven Threat Intelligence Enhancing SOAR Capabilities to Drive Market Growth

The greatest trend in SOAR software nowadays is the development of artificial intelligence and machine learning to boost its threat intelligence as well as the automation capabilities of the software. With cyber threats becoming more intelligent, rule-based security automation in the traditional mode is no longer sufficient. It is changing the security operations to real-time detection of threats through AI-powered SOAR solutions that can make a decision and adaptive response mechanisms on their own.
AI-driven SOAR platforms gather and analyze humongous security data from all sorts of feeds, such as threat intelligence feeds, user behavior analytics, and endpoint detection systems. With ML algorithms, it is possible to find patterns and anomalies that would not be picked up by a human analyst, potentially pointing out areas of future security risk. Predictive techniques will prevent incidents from happening altogether, thus making the response times nearly zero.

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SECURITY ORCHESTRATION, AUTOMATION AND RESPONSE (SOAR) SOFTWARE MARKET SEGMENTATION

By Type

Based on Type, the global market can be categorized into Cloud Based, On-Premises:

• Cloud-Based SOAR Solutions: Such scalable and flexible with cost-saving approaches make cloud-based SOAR more in demand within more companies to deploy as it scales up for operations. Growing more and more, organizations prefer shifting their whole IT infrastructure of an organization toward cloud-based environments; thus, adopting cloud-based security platforms more is becoming imperative for them to gain centralized security automation for any enterprises to ease dealing with multi-cloud environments that trigger security-related incidents. One of the greatest advantages is that cloud-based SOAR solutions are easy to deploy and also maintain. With on-premises solutions, installation is usually complex and demanding, and most require constant update, so services providers manage their cloud-based SOAR platforms and therefore, all businesses are guaranteed to have security features in current versions. This means less burden on internal IT teams while enhancing security operations. It can reach security analysts anywhere, especially in distributed teams; this is beneficial in cloud-based SOAR solutions, which allow coordination and automation of workflow from anywhere, making them ideal for hybrid or fully remote workforces, especially those that are global. Such solutions, too, feature AI and ML for advanced threat detection, meaning operations can become more proactive and streamlined. With the increasing cyber threats targeting cloud environments, business houses are looking at cloud-native security solutions. Further growth in this segment is expected with the increased adoption of Software-as-a-Service (SaaS) SOAR platforms, making cloud-based SOAR a preferred choice for modern enterprises.

• On-Premises SOAR Solutions: On-premises SOAR solutions remain a crucial choice for organizations that require total control over their security infrastructure and data. Highly sensitive data is often handled in banking, government, and healthcare, and hence these industries have strict regulatory requirements and prefer on-premises deployment for the reasons of improved data privacy and compliance. Customization is among the key strengths of on-premises SOAR solutions, as organizations may tailor security automation workflows, include proprietary security tools, and impose specific security protocols that suit operational needs. That is very essential for businesses which deal with the mission-critical security operations. The next factor that promotes the demand of on-premises SOAR solutions is the latency and dependence on the network. Since on-premises solutions are kept within an organization's own infrastructure, they usually have faster responses and less internet dependency, ideal for environments with no room for downtime. On-premises solutions, however, have the cost associated with hardware investment, maintenance, and dedicated IT personnel. However, despite this cost, security, compliance, and infrastructure control-loving organizations will still invest in on-premises SOAR platforms for full protection against cyber threats.

By Application

Based on application, the global market can be categorized into Large Enterprises, SMEs:

• Large Organizations: SOAR solutions are majorly used by large organizations since they generate high volumes of security incidents per day. Their large IT environment, numerous security tools, and the dispersed geographical locations of the employees necessitate automatic security orchestration to combat the threats at the right speed. SOAR solutions assist the large organizations in the integration of all their current security infrastructure like SIEM, endpoint security, and threat intelligence feeds into one system that offers the centralized, quicker response towards incident management. The lack of experienced cybersecurity staff in large-scale enterprises is among the most pressing factors for implementing SOAR technology. Security teams typically handle alerts that run into thousands daily. The result, of course, is alert fatigue and slower reaction times. Automated solutions like SOAR reduce pressure on security teams in terms of workload and enable better response times. The second major influencing factor is the aspect of regulatory compliance. Finance, healthcare, and government-oriented large enterprises face the need for compliance with stern security standards set by GDPR, HIPAA, and PCI-DSS. Organizations are able to maintain compliance using SOAR with its automation on audit logs, policy enforcement, and reporting features that reduce chances of regulatory non-compliance. The ability of AI to predict, detect, and respond to sophisticated cyber threats has made large enterprises invest heavily in AI-powered SOAR solutions. This is an important tool for the management of high-stakes cybersecurity operations in large-scale organizations.

• Small and Medium-Sized Enterprises (SMEs): The acceptance of more sophisticated security solutions in SMEs was slow, traditionally. However, the attacks that have been reported on small businesses are changing all this. With a lack of cybersecurity resources among many SMEs, they succumb to phishing, ransomware, and data breaches. This gap is bridged by SOAR software which offers automation-driven security capabilities, not requiring huge security teams. The primary concern for SMEs is the unavailability of sufficient budget, which restrains them from setting up full-scale cybersecurity infrastructure. However, cloud-based, subscription-based SOAR solutions have made it easier for smaller businesses to implement cost-effective security automation. Cloud platforms provide pre-configured workflows, AI-driven threat detection, and seamless integrations with existing security tools; these serve to allow SMEs to improve their cybersecurity without having to make large upfront investments. The primary concern for SMEs is the unavailability of sufficient budget, which restrains them from setting up full-scale cybersecurity infrastructure. However, cloud-based, subscription-based SOAR solutions have made it easier for smaller businesses to implement cost-effective security automation. Cloud platforms provide pre-configured workflows, AI-driven threat detection, and seamless integrations with existing security tools; these serve to allow SMEs to improve their cybersecurity without having to make large upfront investments.
  

MARKET DYNAMICS

Market dynamics include driving and restraining factors, opportunities and challenges stating the market conditions.             

Driving Factors

"Increasing Cyber Threats and Demand for Faster Incident Response to Boost the Market"

Security Orchestration, Automation and Response (Soar) Software market growth have been highly driven by increasingly complex cyber threats. Organizations receive thousands of securities alerts every single day from firewalls, endpoint security tools, and SIEM platforms. Investigating and responding to such threats manually is not only time-consuming but also error-prone for humans, and hence the vulnerabilities continue open to cyberattacks. SOAR solutions resolve the problem of security automation through orchestrating threat intelligence and increasing incident response speed. This integration within the existing tools enables SOAR solutions to ensure that organizations can detect and analyze threats in real time and mitigate them fast; hence, the dwell time for cyber incidents is significantly reduced. Automation also minimizes the workload on security teams and hence allows the focus on prioritized threats rather than working through repetitive tasks. The growing ransomware, phishing, and insider threats will require solutions that can proactively identify and neutralize threats before they cause damage. Much of the SOAR software's ability to correlate threat intelligence, automate workflows, and facilitate quicker decision-making is resulting in widespread adoption across various industries, especially in banking, healthcare, retail, and government areas that are tight on data security.

"Shortage of Skilled Cybersecurity Professionals to Expand the Market"

The global cybersecurity industry is facing a severe shortage of skilled professionals, which challenges any organization with respect to managing security operations efficiently. Cyber threats are rapidly evolving, which means the need for experienced security analysts and threat responders has surpassed supply. Consequently, most business firms are in dire straits regarding monitoring, investigating, and mitigating security incidents in an efficient manner. SOAR helps fill this gap with automation of repetitive security tasks such as alert triage, log analysis, and threat containment. SOAR using machine learning and AI enables a high volume of security incidents without requiring complete human intervention. This is not only efficient, but it also allows the security team to focus on complex investigations of threats rather than on routine security tasks. Knowledge retention and standardization are another key advantage of SOAR in addressing the talent shortage. Most security teams have very high turnover rates, which results in institutional knowledge loss and inconsistencies in threat response. With SOAR solutions, playbooks can be automated, workflows are standardized, and guided response actions ensure that security incidents are treated uniformly even under a minimal workforce.

Restraining Factor

"High Implementation Costs and Integration Challenges Limiting Adoption to Potentially Impede Market Growth"

The main limiting factor in the growth of the SOAR software market is its high implementation and integration cost. Although SOAR solutions bring enormous benefits through automation and rapid threat response, they are expensive in terms of licensing software, infrastructural up-gradation, and skilled people required for management during deployment. Many small and medium-sized enterprises (SMEs) find themselves in very tight cybersecurity budgets and, therefore, cannot justify the expenses of a full-scale SOAR platform. A prominent barrier is found in the forms of integration complications. SOAR solutions need to be integrated ideally with an organization’s existing tools in security which may include products such as SIEM, firewall, EDR, and several others. Some organizations have applied various security solution vendors that produce incompatible solutions complicated in integration thus requiring customization that should be effectively aligned. Any SOAR technology not properly fitted or aligned has the potential risk of failing on expected automation.

Besides that, SOAR platforms require frequent updating, calibration, and high-caliber staff for the automation workflow and feeds on threat intelligence to be implemented and used. Companies that lack an in-house security team will always fail in their SOAR system and end up underutilizing it.

Opportunity

"The Increasing Adoption of Cloud-Based SOAR Solutions to Create Opportunity for the Product in the Market"

Cloud-native security solutions remain one of the biggest opportunities in the SOAR software market because more and more businesses are increasingly shifting their IT infrastructure to cloud. The requirements for cloud-based security automation solutions are growing increasingly because such automation tools are being sought after so that they may be able to monitor, detect, and respond to threats from within distributed environments. Cloud-based SOAR solutions scale up, flexibility, and are cost-efficient and therefore attractive for all businesses. One of the greatest benefits of SOAR platforms from the cloud is ease of deployment. On-premises solutions require extensive setup, whereas the cloud-based SOAR can easily be integrated into an organization's existing security ecosystem without requiring extra hardware or complicated installations. Implementation costs are lower, and the problems of maintaining it are completely removed, thus making SOAR adoption more feasible, especially for SMEs that have limited IT resources. Further benefits the cloud-based SOAR offers are more superior threat intelligence features from aggregated data around the globe from real-time feeds from all possible sources. Solutions such as these rely on AI-driven analytics and automation that will offer continued monitoring, response to incidents, and compliance management to enhance businesses' security position.

Challenge

"False Positives and Alert Fatigue in Security Operations Could Be a Potential Challenge for Market"

Manpower management of false positives and alert fatigue are significant problems in the SOAR software market. Security teams are usually overwhelmed by the sheer volume of alerts generated by various security tools like SIEM, endpoint detection and intrusion prevention systems. Although the SOAR platform is designed to automate and prioritize threat responses, in a few scenarios, the escalations are of non-critical alerts, causing alert fatigue and causing inefficiency in the security analysts. An important issue here is that SOAR systems rely on the integrated data across multiple sources. If any source itself generates huge false positives, then the automation workflows may trigger inappropriate incidents, wasting time and focus elsewhere where some legitimate threat might have been found. This leads to wasted resources, increased times spent investigating, and a slower response to actual security incidents. Therefore, organizations should fine-tune SOAR automation playbooks with AI-driven analytics to differentiate real threats from benign anomalies. Unfortunately, this also calls for an extent of competence in the sphere of cybersecurity experts, which businesses are often deprived of. Consequently, overdependence on automation will, therefore lead to inefficient management of threats, thus curtailing the full implementation of SOAR solutions.

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SECURITY ORCHESTRATION, AUTOMATION AND RESPONSE (SOAR) SOFTWARE MARKET REGIONAL INSIGHTS

North America

The SOAR software market for North America will have a first-rate position primarily because of cyber-attacks, increasingly high regulatory pressures, and very high adoption levels for advanced cyber solutions. Adoptions in all types of commercial areas, banking, government healthcare, and the retail sector can be seen and, in a major way, require strict levels of security compliant frameworks such as NIST, HIPAA, and PCI-DSS. An important factor contributing to the growth of the North America market is the high-scale adoption of AI-based security automation. Organizations are embracing cloud-based SOAR solutions that improve the effectiveness of threat detection and orchestration in their security operations. Additionally, major cybersecurity vendors and innovation hubs based in the region have catalyzed the next generation of advanced SOAR platforms that provide state-of-the-art orchestration. Besides this, the inadequacy of skilled cybersecurity workers in the United States Security Orchestration, Automation and Response (Soar) Software Market has pushed companies to make threat response workflows automated and away from human interventions. With increasing cyberattacks that include ransomware and nation-state threats, North American companies put emphasis on real-time incident response and proactive security automation, ensuring the region dominates the global SOAR market.

Europe

The growing demand for SOAR software in the European market is fueled by strict data protection regulations, including GDPR, and rising cybersecurity concerns in key industries. Growing security automation among governments and enterprises in the region warrants that they invest more to ensure compliance with regulatory standards and reduce the risk of data breaches. Cloud security solutions are increasingly adopted in Europe, and these have been identified as one of the major factors driving the growth of the SOAR market. The IT infrastructure of organizations is gradually being transferred to cloud environments, and, as a result, there is an increasing need for SOAR platforms that will seamlessly integrate with cloud-based security tools. The financial institutions also embrace SOAR solutions to better detect frauds, automate compliance reporting, and respond to cyber threats in real time.

Asia

The SOAR software market in the Asia region is expected to grow at a high pace due to business digitization, growing cyber threats, and cybersecurity initiatives by governments. China, India, Japan, and South Korea are focusing on maximum effort in terms of security automation to prevent increased cyberattacks on financial institutions, government agencies, and enterprises.

The other key drivers for SOAR solution implementation arise from the advancements taking place in cloud computing and digital transformation initiatives in Asia. When many businesses shift to cloud IT infrastructure, business organizations need cloud-native SOAR solutions to ensure security of sensitive data and prevent cyber threats. In fact, accelerating market growth, with increased adoption of AI and machine learning in security operations, is happening since organizations look for intelligent automation tools that help in managing complex threat landscapes.

KEY INDUSTRY PLAYERS

"Key Industry Players Shaping the Market Through Innovation and Market Expansion"

Innovation by top players in SOAR software through advanced automation and AI-driven threat intelligence as well as strategic partners to increase presence in the marketplace. Leading organizations are now paying attention to ensuring that SOAR is integrated well with SIEM, endpoint security, and also cloud-native platforms for security in order to help ensure smooth flow of security operations. Several product vendors are integrating machine learning- and AI-driven analytics into incident response workflows that help to prevent manual intervention over threat detection errors. Scalable, SaaS-based platforms focused on cloud-based SOAR solutions are being rolled out by firms to meet this emerging demand of flexible and low-cost security automation. Industry majors are aggressively going through acquisition and mergers, apart from collaborating with security firms and cloud service providers to expand and build upon their portfolio offerings across industry segments. SOAR providers have continued to enhance their platforms by customizing playbooks, automatically providing compliance reports, and adding integrations as threats change with each passing day, alongside pressures from regulators. The improvement will aid in upgrading cybersecurity postures while making the entire process more streamlined in such areas as financial services, healthcare, retail, and government.

List Of Top Security Orchestration, Automation And Response (Soar) Software Market Companies

• Demisto (USA)
• D3 Security (Canada)
• Swimlane (USA)
• SIRP (UK)
• Siemplify (USA)
• IBM (USA)
• Intezer (Israel)
• CloudGuard (USA)
• ServiceNow (USA)
• ThreatConnect (USA)
• Tripwire (USA)
• Splunk (USA)

KEY INDUSTRY DEVELOPMENTS

January 2024: IBM announced an enhancement of its SOAR platform to integrate advanced AI-driven automation with real-time threat detection and response capabilities. According to the statement, the upgrade will enable customers to minimize their incident response time, make decisions more quickly, and streamline their security workflows with AI-powered analytics. The SOAR solution also integrates with IBM's Cloud Pak for Security in a seamless way, enabling organizations to orchestrate security operations in hybrid and multi-cloud environments. This is important because organizations are continually battling alert fatigue, not to mention the shortage of cyber security professionals. IBM's AI-powered SOAR will be far better equipped to scan complex threat investigations automatically and cut down human involvement so that an enterprise can increase its security posture against sophisticated cyber threats. Therefore, this is a new benchmark in the industry's tendency toward AI-enhanced security automation for SOAR solutions.

REPORT COVERAGE

The study encompasses a comprehensive SWOT analysis and provides insights into future developments within the market. It examines various factors that contribute to the growth of the market, exploring a wide range of market categories and potential applications that may impact its trajectory in the coming years. The analysis considers both current trends and historical turning points, providing a holistic understanding of the market's components and identifying potential areas for growth.

The research report delves into market segmentation, utilizing both qualitative and quantitative research methods to provide a thorough analysis. It also evaluates the impact of financial and strategic perspectives on the market. Furthermore, the report presents national and regional assessments, considering the dominant forces of supply and demand that influence market growth. The competitive landscape is meticulously detailed, including market shares of significant competitors. The report incorporates novel research methodologies and player strategies tailored for the anticipated timeframe. Overall, it offers valuable and comprehensive insights into the market dynamics in a formal and easily understandable manner.