Soc As A Service Market Growth Factors, Segmentation, Trends, Opportunities, Key Players and Forecast | Evolve Business Intelligence

As per the study initiated by Evolve Business Intelligence, the global Soc As A Service Market size accounted for USD 1,340.3 million in 2022, growing at a CAGR of 24.8% from 2023 to 2033. SOC as a Service (Security Operations Center as a Service) involves outsourcing cybersecurity monitoring, detection, and response functions to a third-party provider. This service leverages advanced technologies, such as SIEM (Security Information and Event Management) and threat intelligence, to offer real-time threat detection and response capabilities. Organizations opt for SOC as a Service to enhance their cybersecurity posture without the need for extensive in-house resources. The market is driven by the increasing demand for cost-effective and scalable cybersecurity solutions, coupled with the rising complexity of cyber threats. Leading providers include Arctic Wolf, CrowdStrike, and Secureworks.

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The SOC as a Service market is propelled by the growing demand for outsourced and scalable cybersecurity solutions. Organizations opt for SOC as a Service to enhance threat detection, response capabilities, and overall cybersecurity posture without the need for extensive in-house resources. This market's growth is fueled by the increasing complexity of cyber threats and the need for cost-effective, real-time security monitoring

Key Players
Some of the major Soc As A Service Market players holding high market shares include NTT, Verizon, Arctic Wolf Networks, Cloudflare, Inc., These players use partnership and collaboration as a key strategy to gain significant market share to compete with market leaders. Some of the other major market players include Fortinet Inc., Atos SE, AT&T, Check Point Software Technologies, Thales, IBM CORPORATION

Report Description: https://evolvebi.com/report/soc-as-a-service-market-analysis-and-global-forecast-2021-2028-with-covid-impact-analysis/

Segmental Analysis
Based on Service Type, the Soc As A Service market is segmented into Prevention Services, Detection Services and Incident Response Services. the prevention services segment dominated the SOC as a service market share in 2021 and is expected to continue this trend during the forecast period owing to the various government and industry standards that are put in place to ensure the safety of customer and user data.

Based on Enterprise Size, the Soc As A Service market is segmented into Large Enterprises and SME
Based on Application Area, the Soc As A Service market is segmented into Network Security, Endpoint Security, Application Security, Database Security and Others.
Industry Vertical, BFSI, Healthcare, Government and Public Sector, IT and Telecom, Retail, Manufacturing
Others

Key Region/ Countries Covered
• North America (US, Canada, Mexico)
• Europe (Germany, U.K., France, Italy, Spain, Russia, Nordic Countries, BeNeLux, Rest of Europe)
• Asia-Pacific (China, India, Japan, South Korea, Indonesia, Malaysia, Rest of Asia Pacific)
• Middle East and Africa (Saudi Arabia, UAE, Egypt, South Africa, Rest of MEA)
• Latin America (Mexico, Brazil, Argentina, Rest of Latin America)

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