Security Orchestration, Automation And Response (SOAR)

The global security orchestration, automation and response (SOAR) market is expected to grow from $1.54 billion in 2023 to $2.77 billion in 2027, growing at a compound annual growth rate (CAGR) of 15.8%. The market includes revenues earned through threat intelligence, network forensics, incident management, and compliance management. A rise in cyberattacks has boosted growth in this sector. The largest regional market is North America, with Asia-Pacific as the fastest-growing region. Major companies in this sector are focusing on new technologies to stay competitive.