Security Automation Market Size Report Predicts Healthy Growth with Demand & Forecasts by 2024-2031
Security Automation Market Size Report Predicts Healthy Growth with Demand & Forecasts by 2024-2031
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Global security automation market is anticipated to grow at a CAGR of 12.8% during the forecast period. 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.
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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.
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)
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Rest of the World
- Middle East & Africa
- Latin America
Company Profiles
- Anvilogic
- Check Point Software Technologies, Ltd.
- Cisco Systems, Inc.
- CrowdStrike
- Crowdstrike Crowdstrike
- Cyberark Software, Ltd.
- CyberArk Software, Ltd.
- Cyberbit, Ltd.
- Cyware Labs, Inc.
- D3 Security Management Systems, Inc.
- Devo Technology, Inc.
- Drata, Inc.
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