Press release
SOC as a Service Market to reach USD 4626.9 Mn by 2029, Technological Advancements and Growth Opportunities
SOC as a Service Market
SOC as a Service Market Report Scope and Research Methodology
The report provides an overview of the SOC as a Service market, which is aimed at identifying, investigating, and resolving targeted cyber threats. The market is supported by both technology and people and offers services like Prevention, Detection, and Incident Response. It finds applications in various sectors like Banking, Financial Services, and Insurance (BFSI), Government and Public Sector, IT and Telecom, Healthcare, Retail, Manufacturing, and Energy and Utilities.
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The report uses a research methodology that includes primary and secondary research, data triangulation, and statistical analysis to provide insights into the market dynamics. It notes that the rapid promotion of digital transformation and cloud services has increased the attack surface of most organizations, while the workforce becoming more mobile and remote has further exacerbated risks. Therefore, SOC as a service solutions have gained popularity as they provide a comprehensive and harmonized threat detection and response capacity, indicating a concentrated effort to address all cybersecurity concerns.
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SOC as a Service Market Dynamics
The key drivers for the growth of the SOC as a Service market are the efforts to promote digital transformation and cloud services, the increase in remote and mobile workforces, and the rapid adoption of new technologies. The market provides a comprehensive and harmonized threat detection and response capacity, enabling organizations to address all cybersecurity concerns. Additionally, the scarcity of cybersecurity capabilities has affected businesses of all sizes, and SOC as a Service allows organizations to take advantage of the benefits of a security operations center (SOC) or additional SOC resources without having to worry about hiring and retaining qualified personnel.
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However, the hidden costs, the quality of SOC as a Service provided, and the lack of trust in SOC as a Service providers are major restraining factors that may hamper the growth of the global SOC as a Service market during the forecast period.
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SOC as a Service Market Regional Insights
Geographically, Asia Pacific dominates the SOC as a Service market and is expected to hold the largest market share by 2029. The region has seen advanced and rapid adoption of new technologies, and significant markets like China, Japan, Singapore, Australia, and New Zealand are expected to grow rapidly in the SOC as a Service market.
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SOC as a Service Market Segmentation
By Component:
• Solution
• Services
By Service Type:
• Prevention Service
• Detection Service
• Incident Response Service
By Application:
• Fully Managed
• Co-Managed or Hybrid
By Offering Type:
• Network Security
• Endpoint Security
• Application Security
• Database Security
• Others
By Industry Vertical:
• Banking, Financial Services, and Insurance
• Government and Public Sector
• IT and Telecom
• Healthcare
• Retail
• Manufacturing
• Energy and Utilities
• Others
SOC as a Service Market Key Competitors include:
• AlienVault
• BlackStratus
• Cygilant
• Thales e-Security
• Alert Logic
• Proficio
• Netmagic Solutions
• Arctic Wolf Networks
• AQM Technologies
• ESDS Software Solution
• Suma Soft
• GA Systems
• Expel
• RadarServices
• StratoZen
Table of Content for SOC as a Service Market
Global SOC as a Service Market: Research Methodology
Global SOC as a Service Market: Executive Summary
Market Overview and Definitions
Introduction to Global Market
Summary
Key Findings
Recommendations for Investors
Recommendations for Market Leaders
Recommendations for New Market Entry
Global SOC as a Service Market: Competitive Analysis
MMR Competition Matrix
Market Structure by region
Competitive Benchmarking of Key Players
Consolidation in the Market
M&A by region
Key Developments by Companies
Market Drivers
Market Restraints
Market Opportunities
Market Challenges
Market Dynamics
PORTERS Five Forces Analysis
PESTLE
Regulatory Landscape by region
North America
Europe
Asia Pacific
Middle East and Africa
South America
COVID-19 Impact
Global SOC as a Service Market Segmentation
Global Market, by Component (2021-2029)
Global Market, by Service Type (2021-2029)
Global Market, by Application (2021-2029)
Global Market, by Offering Type (2021-2029)
Global Market, by Industry Vertical (2021-2029)
Regional SOC as a Service Market (2021-2029)
Regional Market, by Component (2021-2029)
Regional Market, by Service Type (2021-2029)
Regional Market, by Application (2021-2029)
Regional Market, by Offering Type (2021-2029)
Regional Market, by Industry Vertical (2021-2029)
Regional Market, by Country (2021-2029)
Company Profile: Key players
Company Overview
Financial Overview
Global Presence
Capacity Portfolio
Business Strategy
Recent Developments
Key Offerings:
Past Market Size and Competitive Landscape (2018 to 2021)
Past Pricing and price curve by region (2018 to 2021)
Market Size, Share, Size & Forecast by different segment | 2022-2029
Market Dynamics - Growth Drivers, Restraints, Opportunities, and Key Trends by region
Market Segmentation - A detailed analysis by Component, Service Type, Application, Offering Type and Industry Vertical
Competitive Landscape - Profiles of selected key players by region from a strategic perspective
Competitive landscape - Market Leaders, Market Followers, Regional player
Competitive benchmarking of key players by region
PESTLE Analysis
PORTER's analysis
Value chain and supply chain analysis
Legal Aspects of business by region
Lucrative business opportunities with SWOT analysis
Recommendations
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