Palo Alto Networks (US), CyberArk (US) and CrowdStrike (US) are leading players in Security Automation Market
The global security automation market is projected to register a CAGR of 13.4% during the forecast period, reaching USD 16.7 billion by 2028 from an estimated USD 8.9 billion in 2023. Major factors to boost the market growth include the rising cybersecurity threats and complexity, growing ability to detect and respond to security incidents in real-time, increasing incidents of phishing emails and ransomware, and the need to ensure consistent adherence to security policies and facilitate audit trails.
Some leading players in the security automation market include Palo Alto Networks (US), Splunk (US), CyberArk (US), Check Point (Israel), CrowdStrike (US), Red Hat (US), Cisco (US), Carbon Black (US), Trellix (US), IBM (US), Secureworks (US), Tenable (US), Microsoft (US), Swimlane (US), Tufin (US), Sumo Logic (US), Google (US), LogRhythm (US), Exabeam (US), ManageEngine (India), Fortinet (US), Devo Technology (US), D3 Security (Canada), Logsign (Netherlands), Vulcan Cyber (Israel), Cyware (US), Cyberbit (US), SIRP (US), Tines (Ireland), Veriti (Israel), Vanta (US), Drata (US), Anvilogic (US), and Torq (Oregon). These players have adopted various organic and inorganic growth strategies, such as new product launches, partnerships and collaborations, and mergers and acquisitions, to expand their presence in the security automation market.
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Palo Alto Networks
Palo Alto Networks has been at the forefront of integrating automation into its security solutions to enhance the effectiveness of its offerings. The company’s automation capabilities aim to streamline security operations, improve threat detection and response times, and reduce the burden on security teams. Their continuous investment in research & development has allowed them to introduce pioneering automation features in their products and services. The company’s cybersecurity portfolio includes STRATA for securing the enterprise, PRISMA for securing the cloud, and CORTEX for securing the future. These include various solutions and services for cybersecurity, such as endpoint security, cloud security, NGFW, Prisma SaaS, and security subscriptions. It offers a comprehensive SOAR platform, Cortex XSOAR. It unifies case management, automation, real-time collaboration, and threat intel management to serve security teams across the incident lifecycle.
CyberArk
CyberArk specializes in providing privileged access management (PAM) solutions, which focus on securing and managing privileged accounts and credentials within an organization's IT environment. CyberArk offers a range of PAM solutions that enable organizations to protect, monitor, and manage privileged accounts, including passwords, SSH keys, service accounts, and more. This helps prevent unauthorized access to critical systems and sensitive data, mitigating the risk of data breaches and cyberattacks. CyberArk's Application Identity Manager protects applications, containers, and DevOps tools by securing application credentials and preventing their exposure.
CrowdStrike
CrowdStrike has positioned itself as a leader in the security automation market by leveraging artificial intelligence (AI) and machine learning to automate threat detection, prevention, and response processes. The Falcon platform continuously monitors and analyses endpoint activities, enabling the identification of suspicious behaviour and potential threats in real-time. The company's proactive approach to cybersecurity and its ability to provide real-time response capabilities have set it apart from traditional security solutions. By automating security tasks and employing a cloud-based architecture, CrowdStrike can rapidly respond to emerging threats and provide its customers with the agility needed to stay ahead of sophisticated adversaries.
Related Reports:
Security Automation Market by Offering (Solutions, Services), Code Type, Technology (AI & ML, Predictive Analytics), Application (Network Security, IAM), Vertical (BFSI, Manufacturing, Media & Entertainment) and Region - Global Forecast to 2028
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