SOC as a Service Market To Generate $11.8 Billion Revenue by 2030

SOC stands for the security operations center. It is software that acts as a team within the organization, authorized for detection, prevention, investigation, and response to cyber threats.

A SOC monitors the organization's network and addresses the potential threats to computing systems, sensitive data, and other digital resources of the organization.

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With the increasing threat of cyberattacks, SOC becomes crucial for an organization to sustain its operations and remain profitable while maintaining compliance with standard regulations.

An in-house SOC can be extremely expensive and time-consuming for acquiring a high level of security. Therefore, numerous organizations prefer to outsource security services, including SOC-as-a-Service.

SOC-as-a-Service

There are various factors that affect the organization's ability to operate an in-house SOC. The shortage of cybersecurity talent makes it difficult to attract and retain skilled personnel. In addition, effective cybersecurity requires investment in a wide range of security solutions developed for addressing and mitigating various potential threats.

SOC-as-a-Service enables organizations to outsource a third party and assign them the security securities. The SOC-as-a-Service provides round-the-clock monitoring of the network and defense needed for protection against advanced cyber threats.

Advantages of SOC-as-a-Service

The SOC-as-a-service enables an organization to hand off the security responsibility to a team of security specialists.

Improved Security Staffing: The shortage of cybersecurity skills results in numerous organizations struggling for attracting and retaining skilled security personnel. A SOC provider helps the organization to supplement and fill the voids in its existing security team.

Specialized Security Expertise: Organizations may occasionally or periodically require the help of specialized security experts, including malware analysts, incident responders, and cloud security architects. Such skill sets are difficult to acquire through in-house SOC. A SOC-as-a-service enables access to skilled cybersecurity specialists when required.

Lesser Cost of Ownership: The deployment, maintenance, and operations of a whole in-house SOC can be expensive. An effectively managed SOC enables organizations to share the equipment cost, payroll, and licenses with the other customers of the providers. It also lessens the operational and capital expenditures required for strong cybersecurity.

Increased Security Maturity: Developing solutions and institutional knowledge for a matured cybersecurity program is a time-consuming process. Collaborating with SOC-as-a-service provider helps in simplifying the process by providing access to the organization of the existing solution stack of the provider and security experts.

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Up-to-Date Security: It is difficult to keep up to date with the advanced SOC tools and capabilities with the limited security budget and IT support of the organization. A managed SOC provider scales up to keep the toolset up-to-date and provides cutting-edge security advantages to its customers.

Therefore, the inexpensive cybersecurity with round-the-clock network monitoring, along with access to cybersecurity experts fuels the demand for SOC-as-a-service.

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