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Security Operations Centers Market Growth Trends 2027: Key players are include Cisco Systems Inc., Capgemini SE, Secureworks Inc, Raytheon Company, Symantec Corporation , Netmagic Solutions , Digital Guardian, Dark Matters Inc

01-13-2022 06:39 AM CET | IT, New Media & Software

Press release from: Market Research Future

Security Operations Centers Market

Security Operations Centers Market

Security Operations Centers Market are important for the effective detection and identification of cyber threats and the existing vulnerabilities in the system. Therefore enterprises need SOCs to advance their detection capabilities to respond appropriately. Moreover, corporate policies such as BYOD and bring-your-own-access (BYOA) to increase employee satisfaction and productivity influence the market growth, increasing the risks of cyberattacks.

The global security operations center market is growing vigorously. Security operations center (SOC) technologies offer an embedded architecture that resists hacking & tampering, protects against intrusion by malware, and avoids the vulnerabilities that PC-based wall processor systems risk. Increasing cyber-attacks and the need for threat management solutions is a major driving force behind the market growth.

With the rising need to secure enterprise communications, the market is projected to witness significant growth in the years to come. According to Market Research Future (MRFR), the global security operations center market is poised to garner exponential traction by 2027, registering an impressive CAGR throughout the assessment period (2020–2027).

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On the other hand, the lack of reliability of third-party vendors is a major factor projected to impede the market growth. Also, growing data security issues pose a major challenge hampering the growth of the market. However, increasing government initiatives to protect data and increase the adoption of cloud-based services would support market growth throughout the estimated period.

Global Security Operations Center Market - Segmentation

The report is segmented into service, model, organization size, vertical, and region. The service segment is sub-segmented into security monitoring service, information security incident response service, threat & vulnerability identification, digital forensics & malware analysis service, risk reporting & analytics service, and others.

The model segment is sub-segmented into in-house SOC and outsourced SOC. The organization size segment is sub-segmented into large enterprises and SMEs. The vertical segment is sub-segmented into IT & telecom, government, BFSI, oil & gas, aerospace & defense, healthcare, retail, travel & tourism, and others.

Global Security Operations Center Market -

Regional Analysis

North America dominates the global security operations center market. The region witnesses massive adoption of advanced security solutions. The key market share attributes to the increasing need to detect, investigate, monitor, and respond to cyber threats. Besides, the presence of several notable players and continuous investment and demand for SOC services drive the growth of the market.

Europe stands second in the global security operations center market. The market is driven by the growing need to improve security operations. Additionally, the increasing adoption of on-cloud services in the region creates vast market demand. The UK accounts for a larger market share, followed by Germany and France. The European SOC market security is predicted to show immense growth over the assessment period.

The Asia Pacific security operations center market is also growing promisingly. Factors such as the rising implementation of cloud-based technologies across various verticals and increased adoption of digital technologies influence market growth. Moreover, burgeoning industries, such as IT & telecom, foster the market share of the region.

Global Security Operations Center Market -
Competitive Analysis

The well-established security operations center market appears fragmented due to the strong presence of key players. To gain a larger competitive share, players incorporate strategic initiatives such as mergers & acquisitions, collaboration, expansion, and product launch. SOC providers focus on innovations and new solutions, fueling the already intensified market competition.

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Major Players:

Players leading the security operations center market include Cisco Systems Inc. (US), Capgemini SE (France), Secureworks Inc. (US), Raytheon Company (US), Symantec Corporation (US), Netmagic Solutions (India), Digital Guardian (US), Dark Matters Inc. (UAE), Fortinet Inc. (US), Alertlogic (US), AT&T (US), F5 Networks Inc. (US), Rapid7 (US), and Netdatavault (India).

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About Market Research Future:

Market Research Future (MRFR) has created a niche in the world of market research. It is counted among the top market research companies that offer well-researched and updated market research reports and insights to businesses of all sizes. What sets us apart is our super-responsive team that offers quality work keeping clients abridged of the prospective challenges and opportunities in various markets. Our team is adept in their space as well as patiently listens to every client.

The best part is they know their work inside out and possess the expertise to guide the client in the right direction and achieve results on a tight deadline. We are a one-stop solution for all your data research needs. Our team does not believe in the “one size fits all” approach to creating a report that is detailed and concise. We handle 13 industry verticals including Healthcare, Chemicals and Materials, Information and Communications Technology, Semiconductor and Electronics, Energy and Power, Food, Beverages & Nutrition, Automobile, Consumer and Retail, Aerospace and Defense, Industrial Automation and Equipment, Packaging & Transport, Construction, and Agriculture. With our unique approach for every market report, we aim to reach the zenith in qualitative business intelligence and syndicated market research.

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