SOC-as-a-Service Market worth $16.87 billion by 2030, growing at a CAGR of 12.11% - Exclusive Report by 360iResearch

The "SOC-as-a-Service Market by Component (Consulting, Services, Solutions), Service Type (Detection Service, Incident Response Service, Prevention Service), Offering Type, Application Area, Vertical - Global Forecast 2024-2030" report has been added to 360iResearch.com's offering.

The Global SOC-as-a-Service Market to grow from USD 7.57 billion in 2023 to USD 16.87 billion by 2030, at a CAGR of 12.11%.

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The SOC-as-a-Service market offers managed security services such as monitoring, detection, and response to various cyber threats, enabling businesses to outsource their security operations. This service model provides 24/7 security monitoring, threat intelligence gathering, incident response management, and vulnerability assessments. Increasing cybersecurity threats, adoption of IoT and cloud technologies, limited in-house expertise among small-to-medium enterprises (SMEs), and stringent regulatory requirements demanding enhanced solutions such as SOC-as-a-service. However, challenges such as data privacy concerns when outsourcing security operations, lack of standardization among service providers, and high costs may hinder market growth. The amalgamation of artificial intelligence (AI) and machine learning (ML) technologies can enhance threat detection capabilities, reducing false positives and allowing quicker response times to incidents. Developing cost-effective solutions tailored specifically to meet small-to-medium enterprises' unique security requirements and budget constraints is expected to expand the customer base for SOC-as-a-service providers while improving overall efficiency in managing cybersecurity risks.

The SOC-as-a-service market is witnessing significant growth in the Americas due to rising cybercrime rates, stringent data protection regulations, and increased investment in research and development. In Europe, SOC-as-a-service adoption has been fueled by rising data privacy (GDPR) compliance regulations and a growing number of high-profile cyber attacks. The Middle East & Africa region has witnessed a surge in demand for SOC-as-a-Service due to an alarming rise in cyberattacks targeting critical infrastructures, including oil & gas sectors. Governments have initiated national cybersecurity strategies promoting public-private partnerships to enhance security postures. China, Japan, and India have emerged as significant economies for SOC-as-a-Service with rapid digital transformation, and the need for advanced cybersecurity measures has grown exponentially. Besides, technological advancements and integration of cutting-edge technologies are expected to encourage the adoption of SOC-as-a-Service by the end-use sectors globally.

Market Segmentation & Coverage:

This research report categorizes the SOC-as-a-Service Market in order to forecast the revenues and analyze trends in each of following sub-markets:

Based on Component, market is studied across Consulting, Services, Solutions, Support & Maintenance, and Training & Education. The Support & Maintenance is projected to witness significant market share during forecast period.

Based on Service Type, market is studied across Detection Service, Incident Response Service, and Prevention Service. The Prevention Service is projected to witness significant market share during forecast period.

Based on Offering Type, market is studied across Co-Managed or Hybrid and Fully Managed. The Fully Managed is projected to witness significant market share during forecast period.

Based on Application Area, market is studied across Database Security, Endpoint Security, and Network Security. The Network Security is projected to witness significant market share during forecast period.

Based on Vertical, market is studied across Banking, Financial Services & Insurance, Energy & Utilities, Government & Public Sector, Healthcare, IT & Telecom, Manufacturing, and Retail & Consumer Goods. The Government & Public Sector is projected to witness significant market share during forecast period.

Based on Region, market is studied across Americas, Asia-Pacific, and Europe, Middle East & Africa. The Americas is further studied across Argentina, Brazil, Canada, Mexico, and United States. The United States is further studied across California, Florida, Illinois, New York, Ohio, Pennsylvania, and Texas. The Asia-Pacific is further studied across Australia, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Taiwan, Thailand, and Vietnam. The Europe, Middle East & Africa is further studied across Denmark, Egypt, Finland, France, Germany, Israel, Italy, Netherlands, Nigeria, Norway, Poland, Qatar, Russia, Saudi Arabia, South Africa, Spain, Sweden, Switzerland, Turkey, United Arab Emirates, and United Kingdom. The Americas commanded largest market share of 40.35% in 2023, followed by Europe, Middle East & Africa.

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FPNV Positioning Matrix:

The FPNV Positioning Matrix is essential for assessing the SOC-as-a-Service Market. It provides a comprehensive evaluation of vendors by examining key metrics within Business Strategy and Product Satisfaction, allowing users to make informed decisions based on their specific needs. This advanced analysis then organizes these vendors into four distinct quadrants, which represent varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital(V).

Market Share Analysis:

The Market Share Analysis offers an insightful look at the current state of vendors in the SOC-as-a-Service Market. By comparing vendor contributions to overall revenue, customer base, and other key metrics, we can give companies a greater understanding of their performance and what they are up against when competing for market share. The analysis also sheds light on just how competitive any given sector is about accumulation, fragmentation dominance, and amalgamation traits over the base year period studied.

Key Company Profiles:

The report delves into recent significant developments in the SOC-as-a-Service Market, highlighting leading vendors and their innovative profiles. These include Alert Logic, Arctic Wolf Networks, AT&T Inc., Binary Defense, Critical Start, Inc., ESDS Software Solution, Expel, Inc., Fortinet, Inc., IARM Information Security, IBM Corporation, Netsurion LLC, Proficio, SafeAeon, SOCSoter, Inc., Tata Consultancy Services, and Thales Group.

Key Topics Covered:

1. Preface
2. Research Methodology
3. Executive Summary
4. Market Overview
5. Market Insights
6. SOC-as-a-Service Market, by Component
7. SOC-as-a-Service Market, by Service Type
8. SOC-as-a-Service Market, by Offering Type
9. SOC-as-a-Service Market, by Application Area
10. SOC-as-a-Service Market, by Vertical
11. Americas SOC-as-a-Service Market
12. Asia-Pacific SOC-as-a-Service Market
13. Europe, Middle East & Africa SOC-as-a-Service Market
14. Competitive Landscape
15. Competitive Portfolio

The report provides insights on the following pointers:
1. Market Penetration: Provides comprehensive information on the market offered by the key players
2. Market Development: Provides in-depth information about lucrative emerging markets and analyzes penetration across mature segments of the markets
3. Market Diversification: Provides detailed information about new product launches, untapped geographies, recent developments, and investments
4. Competitive Assessment & Intelligence: Provides an exhaustive assessment of market shares, strategies, products, certification, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players
5. Product Development & Innovation: Provides intelligent insights on future technologies, R&D activities, and breakthrough product developments

The report answers questions such as:
1. What is the market size and forecast of the SOC-as-a-Service Market?
2. Which are the products/segments/applications/areas to invest in over the forecast period in the SOC-as-a-Service Market?
3. What is the competitive strategic window for opportunities in the SOC-as-a-Service Market?
4. What are the technology trends and regulatory frameworks in the SOC-as-a-Service Market?
5. What is the market share of the leading vendors in the SOC-as-a-Service Market?
6. What modes and strategic moves are considered suitable for entering the SOC-as-a-Service Market?

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