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Shrinking Supply of Cyber Security Talent and Growing Volume of Cyber Attacks Drive an Early Adoption of Security Orchestration and Automation Response Solutions in Security Operations Centers
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Growing volume and complexity of data breaches force enterprises to invest in many point solutions to reduce vulnerability. Information security analysts often do not have the required bandwidth to handle the huge volume of data generated by each of these tools. The situation is further complicated by the widening gap between the demand and supply of cyber security talent.The security orchestration and automation response (SOAR) platform ties together various IT and security tools to give a bird’s eye view of network security events. Further, these solutions take off a huge volume of workload from security analysts by automating repetitive manual tasks.This study on the global market for SOAR solutions provides detailed insights into key market trends, risk posture, market dynamics, and vendor dynamics in this market.
The SOAR market is in the early growth stage, owing to the niche nature of these solutions. Yet, Frost & Sullivan predicts that enterprise adoption will record double-digit growth rates during the forecast period.
The presence of large volume of sensitive data and the need for cyber resiliency drives adoption in the financial services and healthcare verticals. Large enterprises feel a greater need for real-time security posture visibility. The presence of disparate departments and processes makes security orchestration an essential concept in large enterprises.
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Author: Swetha Ramachandran Krishnamoorthi
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