Product Code: ETC4385845 | Publication Date: Jul 2023 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 85 | No. of Figures: 45 | No. of Tables: 25 |
The India security orchestration, automation, and response (SOAR) market exhibited a steady growth trend over the period of 2020-2024, with a moderate CAGR. However, there was a notable decline in the growth rate from 2023 to 2024, indicating a slight slowdown in market expansion towards the end of the period.
The India Security Orchestration Automation and Response (SOAR) market has gained prominence in the cybersecurity landscape as organizations seek to enhance their incident response capabilities and reduce response times. SOAR solutions are crucial for managing and automating security operations, including threat detection, incident investigation, and response coordination. With the increasing volume and complexity of cyber threats, India enterprises are investing in SOAR platforms to streamline security processes, improve efficiency, and strengthen their cyber defense. The market is poised for further expansion as cybersecurity threats continue to evolve, requiring advanced automation and orchestration capabilities.
The India Security Orchestration Automation and Response (SOAR) market is on the ascent, driven by the growing complexity of cybersecurity threats and the need for efficient incident response. SOAR platforms are becoming indispensable in managing and responding to security incidents. With the increasing volume of alerts and security events, organizations are turning to SOAR solutions to streamline their incident response processes and reduce the manual workload of security analysts. The shortage of skilled cybersecurity professionals is also pushing organizations to adopt SOAR platforms, which can automate repetitive tasks and enhance the efficiency of security operations. As cyber threats become more sophisticated, SOAR solutions are instrumental in mitigating risks and maintaining robust security postures.
The SOAR market in India faces several challenges, despite its potential to improve incident response and security operations. A major challenge is the integration of SOAR platforms with existing security infrastructure and tools. Many organizations have diverse and often siloed security solutions, making it complex to orchestrate and automate responses seamlessly. A shortage of cybersecurity professionals with the expertise to configure and operate SOAR platforms hampers their effective implementation. The ever-evolving threat landscape requires continuous updates and customization of SOAR solutions, which can strain resources. Additionally, ensuring that automation and orchestration do not introduce vulnerabilities and false positives is a critical challenge. Lastly, regulatory compliance and data protection laws can limit the extent to which organizations can fully automate incident response processes.
The COVID-19 pandemic has accelerated the adoption of Security Orchestration, Automation, and Response (SOAR) solutions in India. With the increased volume of cyber threats, organizations have sought to automate and streamline their incident response processes. The SOAR market has experienced growth as businesses prioritize efficient and effective cybersecurity operations.
The India Security Orchestration Automation and Response (SOAR) market is evolving with the assistance of key players that specialize in streamlining cybersecurity operations. Companies such as Palo Alto Networks, Inc., IBM Corporation, FireEye, Inc., and Splunk Inc. offer advanced SOAR solutions that empower organizations to automate threat detection and response processes. These solutions enhance the efficiency of incident management and response, enabling security teams to react swiftly and effectively to emerging cyber threats in India.
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 India Security Orchestration, Automation and Response (SOAR) Market Overview |
3.1 India Country Macro Economic Indicators |
3.2 India Security Orchestration, Automation and Response (SOAR) Market Revenues & Volume, 2021 & 2031F |
3.3 India Security Orchestration, Automation and Response (SOAR) Market - Industry Life Cycle |
3.4 India Security Orchestration, Automation and Response (SOAR) Market - Porter's Five Forces |
3.5 India Security Orchestration, Automation and Response (SOAR) Market Revenues & Volume Share, By Vertical, 2021 & 2031F |
3.6 India Security Orchestration, Automation and Response (SOAR) Market Revenues & Volume Share, By Offering, 2021 & 2031F |
3.7 India Security Orchestration, Automation and Response (SOAR) Market Revenues & Volume Share, By Application, 2021 & 2031F |
3.8 India Security Orchestration, Automation and Response (SOAR) Market Revenues & Volume Share, By Deployment Mode, 2021 & 2031F |
3.9 India Security Orchestration, Automation and Response (SOAR) Market Revenues & Volume Share, By Organization Size, 2021 & 2031F |
4 India Security Orchestration, Automation and Response (SOAR) Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing cyber threats and attacks in India |
4.2.2 Growing awareness about the importance of cybersecurity |
4.2.3 Adoption of advanced technologies like AI and machine learning in security solutions |
4.3 Market Restraints |
4.3.1 Lack of skilled cybersecurity professionals in India |
4.3.2 High initial investment required for implementing SOAR solutions |
4.3.3 Concerns regarding data privacy and compliance regulations |
5 India Security Orchestration, Automation and Response (SOAR) Market Trends |
6 India Security Orchestration, Automation and Response (SOAR) Market, By Types |
6.1 India Security Orchestration, Automation and Response (SOAR) Market, By Vertical |
6.1.1 Overview and Analysis |
6.1.2 India Security Orchestration, Automation and Response (SOAR) Market Revenues & Volume, By Vertical, 2021-2031F |
6.1.3 India Security Orchestration, Automation and Response (SOAR) Market Revenues & Volume, By BFSI, 2021-2031F |
6.1.4 India Security Orchestration, Automation and Response (SOAR) Market Revenues & Volume, By Retail, 2021-2031F |
6.1.5 India Security Orchestration, Automation and Response (SOAR) Market Revenues & Volume, By Healthcare, 2021-2031F |
6.1.6 India Security Orchestration, Automation and Response (SOAR) Market Revenues & Volume, By Energy and Utilities, 2021-2031F |
6.1.7 India Security Orchestration, Automation and Response (SOAR) Market Revenues & Volume, By Government, 2021-2031F |
6.1.8 India Security Orchestration, Automation and Response (SOAR) Market Revenues & Volume, By IT and Telecom, 2021-2031F |
6.2 India Security Orchestration, Automation and Response (SOAR) Market, By Offering |
6.2.1 Overview and Analysis |
6.2.2 India Security Orchestration, Automation and Response (SOAR) Market Revenues & Volume, By Platform & Solutions, 2021-2031F |
6.2.3 India Security Orchestration, Automation and Response (SOAR) Market Revenues & Volume, By Services, 2021-2031F |
6.3 India Security Orchestration, Automation and Response (SOAR) Market, By Application |
6.3.1 Overview and Analysis |
6.3.2 India Security Orchestration, Automation and Response (SOAR) Market Revenues & Volume, By Threat Intelligence, 2021-2031F |
6.3.3 India Security Orchestration, Automation and Response (SOAR) Market Revenues & Volume, By Network Forensics, 2021-2031F |
6.3.4 India Security Orchestration, Automation and Response (SOAR) Market Revenues & Volume, By Compliance, 2021-2031F |
6.4 India Security Orchestration, Automation and Response (SOAR) Market, By Deployment Mode |
6.4.1 Overview and Analysis |
6.4.2 India Security Orchestration, Automation and Response (SOAR) Market Revenues & Volume, By Cloud, 2021-2031F |
6.4.3 India Security Orchestration, Automation and Response (SOAR) Market Revenues & Volume, By On-premises, 2021-2031F |
6.5 India Security Orchestration, Automation and Response (SOAR) Market, By Organization Size |
6.5.1 Overview and Analysis |
6.5.2 India Security Orchestration, Automation and Response (SOAR) Market Revenues & Volume, By Large Enterprises, 2021-2031F |
6.5.3 India Security Orchestration, Automation and Response (SOAR) Market Revenues & Volume, By SMEs, 2021-2031F |
7 India Security Orchestration, Automation and Response (SOAR) Market Import-Export Trade Statistics |
7.1 India Security Orchestration, Automation and Response (SOAR) Market Export to Major Countries |
7.2 India Security Orchestration, Automation and Response (SOAR) Market Imports from Major Countries |
8 India Security Orchestration, Automation and Response (SOAR) Market Key Performance Indicators |
8.1 Number of cybersecurity incidents reported in India |
8.2 Percentage increase in cybersecurity budgets of Indian organizations |
8.3 Adoption rate of AI and machine learning technologies in cybersecurity solutions |
9 India Security Orchestration, Automation and Response (SOAR) Market - Opportunity Assessment |
9.1 India Security Orchestration, Automation and Response (SOAR) Market Opportunity Assessment, By Vertical, 2021 & 2031F |
9.2 India Security Orchestration, Automation and Response (SOAR) Market Opportunity Assessment, By Offering, 2021 & 2031F |
9.3 India Security Orchestration, Automation and Response (SOAR) Market Opportunity Assessment, By Application, 2021 & 2031F |
9.4 India Security Orchestration, Automation and Response (SOAR) Market Opportunity Assessment, By Deployment Mode, 2021 & 2031F |
9.5 India Security Orchestration, Automation and Response (SOAR) Market Opportunity Assessment, By Organization Size, 2021 & 2031F |
10 India Security Orchestration, Automation and Response (SOAR) Market - Competitive Landscape |
10.1 India Security Orchestration, Automation and Response (SOAR) Market Revenue Share, By Companies, 2024 |
10.2 India Security Orchestration, Automation and Response (SOAR) Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |