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SOC as a Service Market - Growth, Trends, Covid-19 Impact, and Forecast (2022 - 2028)

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Global SOC as a Service Market size was valued at USD 944.64 Million in 2021, and is projected to reach USD 4632.04 Million by 2028, growing at a CAGR of 25.5 % from 2022 to 2028.

SOC as a service is a subscription-based model that allows organizations to outsource their detection of threats and incidence response that brings a best-in-class security operations center. The models of the SOC as a Service includes co-managed models, in-house models, and fully managed models. It provides several security benefits to the company including the whole third-party SOC team to monitor security networks for security events, faster detection and remediation by reducing the burden on an in-house security team, lowering the cyber risk, improving the business agility and scalability, and it is cost-effective. In recent years, rising internet penetration and demand for connected devices is also increased which creates a high risk of online attacks. Therefore, the demand for SOC as Service solution is increasing among the BFSI, healthcare, IT Telecom, and other sectors that provide growth for the market.

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The global SOC as a Service market report provides comprehensive market information, including classifications, definitions, and market analysis. This also helps with the awareness of various item specifics, the manufacturing cycle, the supply chain, and the cost structure. Along these lines, the understanding of the project's structural squares and key drivers of development is enhanced. To estimate the market size, boundaries such as import and fare, rules in various nations, inflation, legal and political variables, financial elements, and other minor aspects inside organizations have been broken down. The research examines the competitive landscape as well as the most current positions of major rivals in the SOC as a Service industry.

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Key Industry Players in SOC as a Service Market:

·         Check Point Software Technologies Ltd

·         AlienVault (AT T Cybersecurity)

·         BlackStratus

·         Cygilant, Inc.

·         Thales e-Security, Inc.

·         Alert Logic, Inc.

·         Proficio

·         Netmagic Solutions (NTT DATA)

·         Arctic Wolf Networks Inc.

·         ESDS Software Solution Pvt. Ltd.

·         Suma Soft Private Limited

·         Expel, Inc

·         RadarServices Smart IT-Security GmbH

·         Fortinet, Inc.

·         Binary Defense

·         eSentire, Inc.

·         CYREBRO

·         Cybersafe Solutions Llc

·         Digital Hands

·         Cysiv, Inc., and other major players.

The study offers in-depth regional analysis of market scenarios, by analyzing previous trends and covering future forecast. It also offers an in-depth analysis of major driving factors, segments, regions countries and key players in the market. Moreover, the report outlines the competitive scenarios across different geographies, along with some key market strategies such as mergers and acquisitions, new product developments, RD activities and more.

Segmentation Analysis Includes,

By Service Type:

·         Prevention Service

·         Detection Service

·         Incident Response Service

By Offering Type:

·         Fully Managed Service

·         Co-Managed Service

By Enterprise Size:

·         Small and Mid-Sized Enterprises (SMEs)

·         Large Enterprises

By Application Area:

·         Network Security

·         Cloud Security

·         Application Security

·         Endpoint Security

·         Others

By Industry Vertical:

·         BFSI

·         Healthcare

·         IT Telecom

·         Retail

·         Others

By Region:

·         North America (U.S., Canada, Mexico)

·         Europe (Germany, U.K., France, Italy, Russia, Spain, Rest of Europe)

·         Asia-Pacific (China, India, Japan, Singapore, Australia, New Zealand, Rest of APAC)

·         Middle East Africa (Turkey, Saudi Arabia, Iran, UAE, Africa, Rest of MEA)

·         South America (Brazil, Argentina, Rest of SA)

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Key Reasons to Purchase:

·         To gain insightful analyses of the market and have comprehensive understanding of the global market and its commercial landscape.

·         Assess the production processes, major issues, and solutions to mitigate the development risk.

·         To understand the most affecting driving and restraining forces in the market and its impact in the global market.

·         Learn about the market strategies that are being adopted by leading respective organizations.

·         To understand the future outlook and prospects for the market.

·         Besides the standard structure reports, we also provide custom research according to specific requirements.

COVID-19 can affect the global economy in three main ways: by directly affecting production and demand, by creating supply chain and market disruption, and by its financial impact on firms and financial markets. Our analysts monitoring the situation across the globe explains that the market will generate remunerative prospects for producers post COVID-19 crisis. The report aims to provide an additional illustration of the latest scenario, economic slowdown, and COVID-19 impact on the overall industry.

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The Global SOC as a Service Market study contains information on the global industry, as well as user data and numbers. The Global Market is examined in depth in this research report, including raw material suppliers, industry chain structures, and manufacturing. The SOC as a Service Sales market investigates the market's most important segments. This insightful analysis includes historical data as well as a predicted timeframe. This report examines the whole value chain, as well as downstream and upstream fundamentals.

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