Posted 9/24/2023, 11:00:00 PM

Global SOAR Market to Reach $5.1 Billion by 2032, Driven by AI Integration and Cybersecurity Demands

The global Security Orchestration Automation and Response (SOAR) market is projected to reach $5.1 billion by 2032, expanding at a 15.7% CAGR from 2023-2032.
North America held the largest share of the SOAR market in 2022 at over 34% of the total market.
Small and medium enterprises (SMEs) are forecast to see the fastest growth at a 16% CAGR from 2023-2032.
Integration of AI and machine learning is reshaping SOAR capabilities for enhanced analytics and decision making.
Key drivers include rising cyber attacks globally and the need for efficient, automated security operations.

benzinga.com

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9/30/2023

Global Cyber Security Market Booming, Expected to Top $200B by 2023 - Costs and Trends Analyzed for Key Players

The global cyber security market is projected to reach over $200.6 billion by 2023, driven by the increasing cyber threat landscape and the need for robust security measures, with a focus on balancing costs for small businesses.