Market Overview:
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 enables organizations to outsource threat detection and incident response, resulting in a world-class security operations center. The SOC as a Service model includes a co-managed model, an in-house model, and a fully managed model. Entire third-party SOC teams monitor the security network for security events, offloading internal security teams to speed detection and remediation, reduce cyber risk, and improve business agility and scalability. Provides multiple security benefits to your organization. Inexpensive. In recent years, Internet penetration has increased and the demand for connected devices has increased, increasing the risk of online attacks. Therefore, BFSI, Healthcare, IT-Telecom, and other sectors driving the market growth are in increasing demand for SOC-as-Service.
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The latest research on the SOC as a Service market provides a comprehensive overview of the market for the years 2022 to 2028. It gives a comprehensive picture of the global SOC as a Service industry, considering all significant industry trends, market dynamics, competitive landscape, and market analysis tools such as Porter's five forces analysis, Industry Value chain analysis, and PESTEL analysis of the SOC as a Service market. Moreover, the report includes significant chapters such as Patent Analysis, Regulatory Framework, Technology Roadmap, BCG Matrix, Heat Map Analysis, Price Trend Analysis, and Investment Analysis which help to understand the market direction and movement in the current and upcoming years. The report is designed to help readers find information and make decisions that will help them grow their businesses. The study is written with a specific goal in mind: to give business insights and consultancy to help customers make smart business decisions and achieve long-term success in their particular market areas.
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Market Segmentation:
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
- Others
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Regions Covered
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)
Top Key Players Covered 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
Covid-19 Impact Analysis On SOC as a Service Market
The recent outbreak of coronavirus has proven to be a bane for the market. The pandemic has led to the suspension of business activity on account of the coronavirus pandemic and has resulted in disruptions in global supply chains, border restrictions, and travel restrictions by government bodies. Mandatory containment measures and health safety compliances have put huge pressure on remote operations across a wide array of industry verticals which further derailed the market growth rate.
Key Industry Development In The SOC as a Service Market
In April 2022, in Morocco, Thales, a software company opened a new Cyber Security Operation Center (SOC). It provides real-time protection against cyberattacks around the African continent as a whole.
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