Increasing Cases of Cyber-Attack and Data Breaches Globally to Bolster the Growth of the Market

Published: Oct 2023

Global security automation market is anticipated to grow at a CAGR of 12.8% during the forecast period (2023-2030). The increasing cases of cyber-attacks and data breaches globally are boosting the market. Cyber-attacks are increasing and more frequent across almost every industry, making it difficult for security teams to keep up manually. Hence, security automation can help industries to automate repetitive tasks and free up security teams to focus on more strategic and value-added activities which can help in improving security. For instance, in September 2023, ServiceNow announced comprehensive new automation solutions in the Now Platform Vancouver release. The new solutions enhance security and governance, simplify critical processes in healthcare and finance, and accelerate talent transformation through AI. As businesses across all industries face increased pressure to adapt to technological disruption and show immediate value from digital investments, they are turning to trusted partners to help them drive growth, reduce cost, and mitigate risk

Browse the full report description of “Security Automation Market Size, Share & Trends Analysis Report by Deployment (Cloud-Based and On-Premises), by Technology (AI & ML, Predictive Analytics, RPA, and Other), and by End-user (IT and Telecommunication, BFSI, Healthcare, Manufacturing, Government and Defense, and Other) Forecast Period (2023-2030)” at https://www.omrglobal.com/industry-reports/security-automation-market

Also, the lack of infrastructure and capital in small and midsized industries contributes to the increasing demand for third-party security services. Innovations include automated inherent risk questionnaires and out-of-the-box due-diligence workflows to drive greater response time and IT team productivity, as well as enhanced executive reporting for improved board-level visibility and organizational agility. Hence, companies are introducing affordable security services and increasing the prevalence of third-party service providers. For instance, in April 2023, Cisco unveiled the latest progress toward its vision of the Cisco Security Cloud, a unified, AI-driven, cross-domain security platform. Cisco’s new XDR solution and the release of advanced features for Duo MFA will help organizations better protect the integrity of their entire IT ecosystem.

Market Coverage

The market number available for – 2022-2030

Base year- 2022

Forecast period- 2023-2030

Segment Covered- 

o By Deployment

o By Technology

o By End User

Regions Covered-

o North America

o Europe

o Asia-Pacific

o Rest of the World

Competitive Landscape - Google LLC, IBM Corp., Microsoft Corp., Exabeam, Inc., Fortinet, Inc., Splunk Inc., VMware, and others. 

Key questions addressed by the report

What is the market growth rate?

Which segment and region dominate the market in the base year?

Which segment and region will project the fastest growth in the market?

Who is the leader in the market?

How are players addressing challenges to sustain growth?

Where is the investment opportunity?

Global Security Automation Market Report Segment

By deployment:

  • Cloud-based
  • On-premises

By Technology:

  • AI & ML
  • Predictive Analytics
  • RPA
  • Other

By End-user:

  • IT and Telecommunication
  • BFSI
  • Healthcare
  • Manufacturing
  • Government and Defense 
  • other (Retail, Education, Energy and Utilities, and Other)

Global Security Automation Market Report Segment by Region

North America

United States

Canada

Europe

UK

Germany

Italy

Spain

France

Rest of Europe 

Asia-Pacific

China

India

Japan

South Korea

Rest of Asia-Pacific 

Rest of the World

Latin America 

Middle East & Africa


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