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SOC As A Service Market Outlook 2023-2032: Demand, Future Scope And Trends | AT&T Inc., IBM Corporation, NTT, Verizon Communications, ConnectWise LLC
The Business Research Company's global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032SOC As A Service Market Size, Growth Rate, And Forecast
The global SOC as a service market size grew from $3.79 billion in 2022 to $4.2 billion in 2023 at a compound annual growth rate (CAGR) of 10.9%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The SOC as a service market size is expected to grow to $6.34 billion in 2027 at a CAGR of 10.9%.
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SOC As A Service Market Drivers
The drastic growth in the sophistication of cyber-attacks and security breaches is expected to propel the growth of the SOC as a service market going forward. Cyber-attacks refer to attempts to gain unauthorized access to a computer or a system. The SOC-as-a-service helps prevent cyberattacks through faster detection and remediation and uses automation and data science to speed up detection and deliver high-confidence alerts.
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SOC As A Service Market Segments
• By Service Type: Vulnerability Assessment and Threat Detection, Incident Response.
• By Component: Professional Services, Solution.
• By Offering Type: Fully Managed, Co-Managed.
• By Application: Endpoint Security, Network Security, Cloud Security, Other Applications.
• By Verticals: Banking, Financial Services, and Insurance (BFSI), Information Technology (IT) and Information Technology Enabled Services (ITeS), Manufacturing, Telecommunications, Government and Public Sector, Healthcare and Life Sciences, Transportation and Logistics, Energy and Utilities, and Other Verticals.
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the SOC As A Service market.
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SOC As A Service Market Key Players
Major competitors in the SOC As A Service market include AT&T Inc., IBM Corporation, NTT, Verizon Communications, ConnectWise LLC, Proficio, Fortinet, Atos SE.
The Business Research Company's "Global SOC As A Service Market Report 2023" is a comprehensive report of the market, covering over 60 geographies and high level market segmentation per geography. The section on regional and country breakdowns examines the market in each geography as well as market size by region and country. Furthermore, it evaluates the market's historical and projected growth and identifies significant trends and strategies that businesses can use to expand their operations.
The Table Of Content For The SOC As A Service Market Include:
1. Executive Summary
2. SOC as a Service Market Characteristics
3. SOC as a Service Market Trends And Strategies
4. SOC as a Service Market - Macro Economic Scenario
5. SOC as a Service Market Size And Growth
……
26. Africa SOC as a Service Market
27. SOC as a Service Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The SOC as a Service Market
29. SOC as a Service Market Future Outlook and Potential Analysis
30. Appendix
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