In my opinion, the following is why a company would need SOAR. SOAR helps organizations to improve their responds time in mitigating cyber-attacks, especially where there is limited security administrators or technicians.  

SIEM enables you to have a birds-eye view of the security related events occurring in all your security systems. To achieve this, SIEM prevent your security systems from working in silo by collecting, correlating, and analyzing system logs from different sources (security…