SOC as a Service Market Overview - Forecast Market Size, Top Segments And Largest Region

The Business Research Company's global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

The Business Research Company's SOC as a Service Global Market Report 2023 identifies drastic growth in the sophistication of cyber-attacks and security breaches as the major driver for the SOC as a Service market's growth in the forecast period. 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

The global SOC as a service market size will grow 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 market size of the SOC as a service is expected to grow to $6.34 billion in 2027 at a CAGR of 10.9%.

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Major competitors in the SOC as a Service market are AT&T Inc., IBM Corporation, NTT, Verizon Communications, ConnectWise LLC, Proficio, Fortinet, Atos SE, Arctic Wolf Networks, ESDS Software Solutions, Suma Soft Pvt Ltd., Expel Inc., Cyrebro, SilverSky and Thales E-Security

A key trend in the SOC as a Service market includes Product innovations. Major market players are concentrating their efforts on creating innovative technologies for improving cybersecurity and tackling threats.

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The SOC as a Service market is segmented -
1) By Service Type: Vulnerability Assessment and Threat Detection, Incident Response
2) By Component: Professional Services, Solution
3) By Offering Type: Fully Managed, Co-Managed
4) By Application: Endpoint Security, Network Security, Cloud Security, Other Applications
5) 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.

The Business Research Company's "Global SOC as a Service Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.

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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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