Global Security Operations Center (SOC) as a Service Market, By Component (Solution, Services), Service Type (Prevention Service, Detection Service, Incident Response Service), Offering Type (Fully Managed, Co-Managed/Hybrid), Organization Size (Small and Medium Enterprises, Large Enterprises), Application (Network Security, Endpoint Security, Application Security, Database Security, Others), Industry Vertical (BFSI, Government and Public Sector, IT and Telecom, Healthcare, Retail, Manufacturing, Energy and Utilities, Others), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2028.
Market Analysis and Insights : Global Security Operations Center (SOC) as a Service Market
Security operations center (SOC) as a service market size is valued at USD 2,990.06 million by 2028 is expected to grow at a compound annual growth rate of 21.77% in the forecast period of 2021 to 2028. Data Bridge Market Research report on security operations center (SOC) as a service provides analysis and insights regarding the various factors expected to be prevalent throughout the forecasted period while providing their impacts on the market’s growth.
Security operations center (SOC), as a service is a type of a subscription type of software which offers provided by various IT organizations. This service is liable for incessantly monitoring and overseeing the logs of clouds, devices and all of the assets available with the consumer organization. This service presents all of the essential knowledge and skillsets obligatory to handle the necessary cyber-attacks.
The rapid increase in the security breaches and sophisticated cyber attacks across enterprises is expected to influence the growth of security operations center (SOC) as a service market over the forecast period of 2021 to 2028. Also the high costs accrued due to endpoint attacks and unwieldy administrations after threat detection are also anticipated to flourish the growth of the security operations center (SOC) as a service market. Furthermore, the rise in the trends such as BYOD, CYOD and WFH is also likely to positively impact the growth of the market. Moreover, the high growth of cyber security incidents across the globe during the COVID-19 pandemic and the increase in the dynamicity in business environment are also expected create a huge demand for security operations center (SOC) as a service as well as lifting the growth of the security operations center (SOC) as a service market.
However, the improbability regarding cloud-based security services among organizations and dearth of trust amongst enterprises to allow full control of system architecture to SOCaaS providers are expected to act as the major limitations for the growth of security operations center (SOC) as a service in the above mentioned forecasted period, whereas the lack of skilled cyber security professionals among enterprises and lack of standardized log format can challenge the security operations center (SOC) as a service market growth in the forecast period of 2021 to 2028.
Likewise, the rise in the adoption of cloud-based solutions across SMEs, rise in the use of AI, machine learning, and blockchain technologies to leverage benefits for cyber defense and authorization to follow regulatory and data protection directives for cyber defense are expected to create various new opportunities that will lead to the growth of the security operations center (SOC) as a service market in the above mentioned forecasted period.
This security operations center (SOC) as a service market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on security operations center (SOC) as a service market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Security Operations Center (SOC) as a Service Market Scope and Market Size
Security operations center (SOC) as a service market is segmented on the basis of component, service type, offering type, organization size, application and end user. The growth among segments helps you analyze niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- Security operations center (SOC) as a service market is segmented on the basis of component into solution and services. Services have further been segmented into consulting, training and education and support and maintenance.
- On the basis of service type, the security operations center (SOC) as a service market is segmented into prevention service, detection service and incident response service.
- Based on offering type, the security operations center (SOC) as a service market is segmented into fully managed and co-managed/hybrid.
- Based on organization size, the security operations center (SOC) as a service market is segmented into small and medium enterprises and large enterprises.
On the basis of application, the security operations center (SOC) as a service market is segmented into network security, endpoint security, application security, database security and others. Others have further been segmented into web security and cloud security.
The end user segment of the security operations center (SOC) as a service market is segmented into BFSI, government and public sector, IT and telecom, healthcare, retail, manufacturing, energy and utilities and others. Others have further been segmented into travel and hospitality, education and media and entertainment.
Security Operations Center (SOC) as a Service Market Country Level Analysis
Security operations center (SOC) as a service market is analyzed and market size, volume information is provided by country, component, service type, offering type, organization size, application and end user as referenced above.
The countries covered in the security operations center (SOC) as a service market report are U.S., Canada and Mexico in North America, Brazil, Argentina and Rest of South America as part of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA)as a part of Middle East and Africa (MEA).
North America leads the security operations center (SOC) as a service market because of the strong presence of several vendors providing and early adoption of SOC as a service. Asia-Pacific is expected to expand at a significant growth rate of over the forecast period of 2021 to 2028 owing to rise in the adoption of advanced technology and increase in the number of startups.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Security Operations Center (SOC) as a Service Market Share Analysis
Security operations center (SOC) as a service market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, regional presence, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to security operations center (SOC) as a service market.
The major players covered in the security operations center (SOC) as a service market report are AT&T Intellectual Property, Cygilant, Inc., Thales Group, Alert Logic, Inc., Proficio, NTT Global Data Centers and Cloud Infrastructure, India, Arctic Wolf Networks Inc., ESDS Software Solution Pvt. Ltd., Sumasoft, Expel, Inc., RadarServices Smart IT-Security GmbH, Stratozen, Binary Defense, OTELCO, Realdolmen, AQM Technologies Pvt Ltd., Fortinet, Inc., Secuvant, LLC, Delta Risk and Comodo Security Solutions, Inc., among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
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