The new solutions enhance security and governance, simplify critical processes in healthcare and finance, and accelerate talent transformation through AI. For instance, in September 2023, ServiceNow announced comprehensive new automation solutions in the Now Platform Vancouver release. Hence, security automation can help industries to automate repetitive tasks and free up security teams to focus on more strategic and value-added activities which can help in improving security. Cyber-attacks are increasing and more frequent across almost every industry, making it difficult for security teams to keep up manually. The increasing cases of cyber-attacks and data breaches globally are boosting the market.

Global security automation market is anticipated to grow at a CAGR of 12.8% during the forecast period (2023-2030).