Hyperautomation in Security Market Emerging Trends, Demand, Revenue and Forecasts Research 2032 …>
– DivakarMRFR posted
According to the provided information, the Hyperautomation in Security Market is projected to grow from USD 38.61 billion in 2023 to USD 179.01 billion by 2032, with a compound annual growth rate (CAGR) of 18.6% during the forecast period.
Hyperautomation combines artificial intelligence (AI), machine learning (ML), and robotic process automation (RPA) to enhance threat detection and mitigation in the security industry.
Key market segments in the hyperautomation in security market include technology, application, and end-users.
Technologies involved are AI-based threat detection, automated incident response, and security orchestration and automation response (SOAR) platforms.
Applications cover network security, endpoint protection, cloud security, and data loss prevention.
End-users include enterprises, government agencies, and managed security service providers.
Leading companies in the hyperautomation in security market include IBM Corporation, Palo Alto Networks, McAfee, Splunk Inc., and Rapid7.
These companies offer comprehensive hyperautomation solutions that leverage advanced analytics, automation, and security expertise to provide robust threat detection and incident response capabilities.
The market growth is driven by factors such as the increasing complexity and volume of cyber threats, the shortage of skilled cybersecurity professionals, and the growing adoption of cloud computing and the Internet of Things (IoT).
These factors necessitate the use of hyperautomation to effectively detect and mitigate risks while improving operational efficiency.
The hyperautomation in security market is witnessing significant growth globally, with North America leading the way due to its strong cybersecurity ecosystem, regulatory environment, and technological advancements.
Europe and Asia Pacific are also experiencing substantial growth driven by increasing cybersecurity concerns and regulatory compliance requirements.
Recent industry news highlights the introduction of Watson for Cyber Security by IBM Corporation, combining AI and ML to detect and respond to cyber threats, as well as the launch of Cortex XSOAR by Palo Alto Networks, a comprehensive SOAR platform automating security incident response and orchestration.
In conclusion, hyperautomation is revolutionizing the security industry by leveraging AI, ML, and automation to enhance threat detection and response capabilities.
With the market expected to grow, hyperautomation will continue to play a crucial role in securing organizations against evolving cyber threats.
Link: https://www.timessquarereporter.com/news/hyperautomation-in-security-market-emerging-trends–demand–revenue-and-forecasts-research-2032