Emerging Evolution in SOC as a Service Market: Trends and Top Key Companies Profile (Proficio, BlackStratus, Thales e-Security, Cygilant) | Forecast to 2025

Global SOC as a Service Market overview:

The growing demand for SOC as a Service has provided a major boost to the Global SOC as a Service Market as more people are shifting their preferences to this growing sector. The market is expected to keep rising at a high CAGR and reach values of high millions by the end of the forecast period of 2020 up to 2024.

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SOC as a service is a cloud-based service that helps enterprises outsource the entire security operation, such as managing network, endpoints, application, server's websites, and database. It provides the necessary cybersecurity skills required to combat with sophisticated cyber-attacks. It offers advanced detection and response services for mitigating risks at an early stage. SOC as a service provider comprises a dedicated team of information security experts that are responsible for analyzing and monitoring the organization security posture 24/7. The global SOC as a Service Market is primarily segmented based on Product Type, Application, End-Use Industry and Regions.

Based on Product Type, the market is divided into:

1 Prevention

2 Detection

3 Incident Response

On the basis of End Use Industry, the market is split into:

1 BFSI

2 Healthcare

3 Education

4 Retail

5 IT and Telecom/Logistics and Transportation/Manufacturing

The BFSI industry vertical is estimated to hold the largest market size in the SOC as a service market in 2019. The BFSI is the most targeted industry vertical, as it deals with large volumes of sensitive and private financial data. The enterprises in this industry vertical are demanding for the SOC as a service solution to ensure irreversible security. Moreover, the BFSI industry vertical is the most regulated, as it has to comply with many security requirements.

Objectives of the Study

To describe and forecast the global SOC as a Service Market on the basis of Product Type, industry verticals, Channel and regions.

To forecast the SOC as a Service Market size of the five main regional segments, namely North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA), and Latin America.

To strategically analyzesubsegments with respect to individual growth trends, future prospects, and contribution to the total market.

To provide detailed information regarding the major factors influencing the growth of the SOC as a Service Market (drivers, restraints, opportunities, and challenges).

To analyze the opportunities in the market for stakeholders and to provide details of competitive landscape for major players.

To strategically profile key players and comprehensively analyze their core competencies and positioning.

To track and analyze competitive developments such as mergers and acquisitions, new product developments, and partnerships, agreements & collaborations in the SOC as a Service Market.

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Some of the SOC as a Service Market manufacturers involved in the market are Proficio, BlackStratus, Thales e-Security, Cygilant, Alert Logic, Arctic Wolf Networks, Netmagic Solutions, ESDS Software Solution, AQM Technologies, Suma Soft, Acquisitions and effective mergers are some of the strategies adopted by the SOC as a Service Market manufacturers. New product launches and continuous technological innovations are the SOC as a Service Market strategies adopted by the major players.

Latest Industry Updates:

Proficio:- created the concept of a SOC-as-a-Service, our cloud-based SOC, to give our clients a true partner and help fill a gap within IT security. We provide continuous detection, protection and response for organizations that do not have the resources for a 24/7 in-house staff. Our team provides around-the-clock event monitoring and incident management from our global network of SOCs and actionable notifications for any suspected incident. Our security experts use industry leading SIEMs and automated response capabilities so you can address critical security and compliance needs, reduce the risk of a data breach and lower your operational costs.

As your trusted cybersecurity partner, our security experts act as an extension of your team. We take on the time-consuming tasks of SIEM administration, log monitoring and compliance reporting so your team can focus on other priorities. Your organization benefits from our device experts and the most advanced SIEM technology--without the cost and complexity of owning and administering a SIEM system. In an environment where it is increasingly difficult to recruit and retain qualified specialists, Proficio's SOC-as-a-Service provides you peace of mind that your organization is protected.

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Asia Pacific was a prominent market for SOC as a Services in 2016. Among the countries in Asia Pacific, the demand was substantially high in developing countries such as China and India. These countries have been witnessing rapid increase in its population along with expansion of their overall economies, which has led to increase in disposable income. Increased spending on home interiors is fuelling the SOC as a Service market in Asia Pacific.

There are several manufacturers of SOC as a Services in Europe and North America. In North America, the demand for SOC as a Services is primarily driven by the residential sector. Improved standards of living and rising usage of SOC as a Services for flooring purpose are anticipated to drive the market in North America.

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Table of Contents:

Global SOC as a Service Market Report 2020

1 SOC as a Service Definition

2 Global SOC as a Service Market Major Player Share and Market Overview

3 Major Player SOC as a Service Business Introduction

4 Global SOC as a Service Market Segmentation (Region Level)

5 Global SOC as a Service Market Segmentation (Product Type Level)

6 Global SOC as a Service Market Segmentation (Industry Level)

7 Global SOC as a Service Market Segmentation (Channel Level)

8 SOC as a Service Market Forecast 2020-2024

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