Security Operation Center Market 2019 Global Key Players: Capgemini SE, Cisco Systems, Secure Works by Forecast to 2023
The security operation center market is expanding at a rapid pace in tandem with the call for an overhauling change in organizational infrastructure to maximize security. The change has been triggered by recent cybercrime that have endangered the prospect of multiple organizations. The system is gaining more prominence in the corporate sector. But its advantage in providing aster response, collaborative work, and know-how about the entire organization are giving it credibility that is difficult to ignore now.
The global Security Operation Center Market is set to achieve robust growth during the forecast period of 2018-2023. Market Research Future (MRFR) claims in a report that it can possibly exceed its estimated valuation by 2023 as well. The report also includes detail segmental analysis, and covers factors that can impact the security operation center market in the coming years.
As the market’s main motivator, security concerns regarding crime attacks is pivotal. This can breach confidentiality and release data of soft nature to hamper company’s market prospect. At the same time, centralized system provides better functional capability using which organizations can use their optimum potential. It brings down the cost considerably by providing safeguard against cybercrimes. But the market is yet to overcome its drawbacks as initial setup cost is quite high which deters many from initiating such elaborate program. However, with advanced technologies, this problem can be tackled.
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Players to impact the global security operations center market the most are SecureWorks Inc. (US), Symantec Corporation (US), Capgemini SE (France), Cisco Systems Inc. (US), Digital Guardian (US), F5 Networks Inc. (US), Raytheon Company (US), Treo (Turkey), Fortinet, Inc. (US), and AT&T (US).
In November 2018, Capgemini launched their security operation center in their Advanced Technology and Development Centre in Columbia, South Carolina. The aim is to strengthen their setup and provide their client with potential for transformation, business differentiation, innovation, and operational efficiency across their organizations. At the same time, Capgemini will protect data, assets, identities and maintain customer trust.
In October 2018, IBM launched their and industry’s first mobile security operation center that is capable of carrying equipment and unit to train and respond to security threats.
For a comprehensive rating of the security operation center market, the report can be segmented by technology, function, service and model.
• Based on the function, the security operation center market can be segmented into control, monitoring and operational. Security operation center monitors has better prospect as it can analyze and activity on networks, servers, endpoints, databases, applications, websites, and other systems.
• Based on the technology, the security operation center market can be segmented into security information management and security event management.
• Based on the service, the security operation center market includes security device management, vulnerability assessment, fault management, reporting, security alert, configuration management, security assessment, proactive analysis & systems management, and others.
• Model-wise, the security operation center market includes in-house SOC, outsourced SOC, and hybrid SOC.
The regional analysis of security operation center market can be based on the regions namely Asia Pacific (APAC), North America, Europe and Rest-of-the-World (RoW).
North America is accounted for the maximum share of the market and it be attributed to its ability to implement technologies of the highest grade into systems across verticals. This is possible owing to the capability of the populace in spending significant amount. The region is also blessed with superior technological infrastructure.
Europe, on the other hand, is generating substantial revenue to hold on to their second position. Organizations across the continent are showing tendency to integrate security operations center into the system to protect them from cybercrimes. The APAC is anticipating the fastest growth as emerging economies are seeking help from this sector to maximize their potential.
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• Technology investors
• Integrated device manufacturers (IDMs)
• Original equipment manufacturers (OEMs)
• Research/Consultancy firms
• Government agencies
• Network solution providers
• Managed Security Service Providers
Table of Contents
1 Market Introduction
1.2 Scope of Study
1.2.1 Research Objective
1.3 Market Structure
2 Research Methodology
2.1 Research Type
2.2 Primary Research
2.3 Secondary Research
2.4 Forecast Model
2.4.1 Market Data Collection, Analysis & Forecast
2.4.2 Market Size Estimation
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List of Tables
Table 1 Security Operation Center Market, By Technology
Table 2 Security Operation Center Market, By Function
Table 3 Security Operation Center Market, By Service
List of Figures
Figure 1 Research Type
Figure 2 Security Operation Center Market, By Technology (%)
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