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Recent research: Security orchestration market is expected to grow to 1682.5 million by 2022, at an estimated CAGR of 15.4%

Recent research: Security orchestration market is expected to grow to 1682.5 million by 2022, at an estimated CAGR of 15.4%

The global security orchestration market has been segmented on the basis of regions into North America, Europe, Asia-Pacific (APAC), Middle East & Africa (MEA), and Latin America to provide a region-specific analysis in the report. The North American region, followed by Europe, is expected to become the largest revenue generating region for security orchestration solution vendors in 2016. This is mainly because, in the developed economies of the U.S. and Canada, there is high focus on innovations obtained from the R&D, and security technology. The APAC region is expected to be the fastest growing region in the market. The growth in this region is primarily driven by the need to defend against advanced cyber-attacks and rise in adoption of cloud-based security solutions.

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The rise in security breaches and incidents will drive the security orchestration market.

The security orchestration market size is estimated to grow from USD 826.1 million in 2017 to USD 1682.5 million by 2022, at Compound Annual Growth Rate (CAGR) of 15.4%. The security orchestration market is driven by factors such as rise in security breaches & incidents, dramatic growth in the BYOD trend affecting Small and Medium Enterprises (SMEs), and rapid deployment & development of cloud-based solutions.

Whereas, high cost of fraud detection and prevention solutions may restrict market growth and lack of awareness of advanced cyber threats may limit the growth of the security orchestration market.

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The major forces driving the Security Orchestration Market are the rise in security breaches & incidents, rapid deployment & development of cloud based solutions, and growth in the BYOD trend, affecting small and Medium Enterprises (SMEs). As the businesses are growing, new and sophisticated threats are created everyday which puts the companies and individuals critical data at risk.

Therefore, enterprises are deploying security orchestration solutions to detect and respond to threats and data breaches within their networks, and endpoints.

The global security orchestration market has been segmented on the basis of regions into North America, Europe, Asia-Pacific (APAC), Middle East & Africa (MEA), and Latin America to provide a region-specific analysis in the report. The North American region, followed by Europe, is expected to become the largest revenue generating region for security orchestration solution vendors in 2016.

This is mainly because, in the developed economies of the U.S. and Canada, there is high focus on innovations obtained from the R&D, and security technology.

The APAC region is expected to be the fastest growing region in the market. The growth in this region is primarily driven by the need to defend against advanced cyber-attacks and rise in adoption of cloud-based security solutions.

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