Security Orchestration, Automation And Response (SOAR)

The global Security Orchestration, Automation and Response (SOAR) market’s worth increased from $1.32 billion in 2022 to $1.54 billion in 2023, with a compound annual growth rate of 16.4%. This rise is projected to reach $2.77 billion by 2027. Though affected by the Russia-Ukraine war, growth is being driven by a rise in cyberattacks and sector-specific technological advancements. North America was 2022’s largest market, but the fastest growth is expected in Asia-Pacific.