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Security Orchestration Automation and Response (SOAR) Market Worth USD 1,791 Million By 2024Exclusive Report by MarketsandMarkets™ Security Orchestration Automation and Response (SOAR) Market According to a research report "Security Orchestration Automation and Response (SOAR) Market by Solutions, Services (Professional Services, Managed Services), Application, Deployment Mode (On-premises, Cloud), Organization Size, Vertical, and Region - Global Forecast to 2024", published by MarketsandMarkets, the SOAR market size is projected to grow from USD 868 million in 2019 to USD 1,791 million by 2024, at a CAGR of 15.6% from 2019 to 2024. The major drivers for the market include the rising need for compliance and enable a centralized view on threats. Browse 48 market data Tables and 29 Figures spread through 124 Pages and in-depth TOC on "Security Orchestration Automation and Response (SOAR) Market by Solutions, Services (Professional Services, Managed Services), Application, Deployment Mode (On-premises, Cloud), Organization Size, Vertical, and Region Global Forecast to 2024" Request Free Sample Report @ https://www.marketsandmarkets.com/requestsampleNew.asp?id=176584778 Based on component, the services segment is projected to grow at a higher CAGR than the solutions segment during the forecast period SOAR is offered as a platform or as a solution by the cybersecurity vendors. The platform enables organizations to collect data from various sources and respond to security operations from a single system. The SOAR platform allows different solutions to integrate with each other and automate tasks across products through workflows while also allowing human intervention. The implementation of these solutions is done in public or private organizations to manage security alerts and to prevent further cyberattacks. As the sophistication level in cyberattack vectors is increasing, organizations are adopting security services to address rising risks in a continuously evolving threat landscape. The security services market is segmented into 2 major types, namely, professional services and managed services. Based on application, the threat intelligence segment is projected to lead the market during the forecast period Threat intelligence solutions collect and analyze information about existing and evolving threat vectors from multiple sources to provide actionable threat intelligence feeds and reports, which can be effectively utilized by various security control solutions. Such solutions keep organizations informed of the risks of Advanced Persistent Threats (APTs), zero-day attacks, and threats, and help protect themselves against the possibilities of data breach occurrences. With the increasing dependence of organizations on information and communication technologies to ease various business processes, they are exposed to various cybercrimes