SOC as a Service Global Market Report 2024 To 2033 | AT&T Inc., International Business Machines Corporation., Nippon Telegraph and Telephone Corporation

The Business Research Company recently released a comprehensive report on the Global SOC as a Service Market Size and Trends Analysis with Forecast 2024-2033. This latest market research report offers a wealth of valuable insights and data, including global market size, regional shares, and competitor market share. Additionally, it covers current trends, future opportunities, and essential data for success in the industry.

Ready to Dive into Something Exciting? Get Your Free Exclusive Sample of Our Research Report @
https://www.thebusinessresearchcompany.com/sample.aspx?id=7556&type=smp

According to The Business Research Company's, The soc as a service market size has grown strongly in recent years. It will grow from $4.05 billion in 2023 to $4.43 billion in 2024 at a compound annual growth rate (CAGR) of 9.4%. The growth in the historic period can be attributed to increased cybersecurity threats, lack of in-house security expertise, compliance and regulatory requirements, proliferation of advanced persistent threats (apts), rising volume of security alerts.

The soc as a service market size is expected to see rapid growth in the next few years. It will grow to $6.83 billion in 2028 at a compound annual growth rate (CAGR) of 11.4%. The growth in the forecast period can be attributed to growing sophistication of cyber attacks, integration of artificial intelligence in soc services, expansion of cloud-based security solutions, increased adoption by small and medium enterprises (smes), emphasis on threat intelligence and information sharing. Major trends in the forecast period include automation and orchestration in soc operations, continuous monitoring and incident response, zero trust security models, managed detection and response (mdr) services, focus on user and entity behavior analytics (ueba) in soc

Get The Complete Scope Of The Report @
https://www.thebusinessresearchcompany.com/report/soc-as-a-service-global-market-report

Market Drivers and Trends:

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. For instance, in January 2023, according to the new data provided by Checkpoint, an Israel-based provider of software and hardware products for IT security global cyberattacks increased by 38% in 2022, compared to 2021. Also, according to ESET Threat Report T2 2021, researchers found a 7.3% increase in email-based attacks between May and August 2021, the majority of which were part of phishing campaigns, a created by cybercriminals to steal financial resources. Therefore, the drastic growth in the sophistication of cyber-attacks and security breaches is driving the SOC-as-a-service market growth.

Product innovations have emerged as the key trend gaining popularity in the 5G chipset market. The major players in the market are developing innovative products for market growth. For instance, in June 2021, Samsung Electronics, a South Korea-based electronics company, developed 3GPP Rel.16 compliant chipsets, a range of next-generation 5G chipsets that deliver cutting-edge 5G technologies. The new chipsets consist of a second-generation 5G modem System-on-Chip (SoC), a third-generation mmWave Radio Frequency Integrated Circuit (RFIC) chip, and a Digital Front End (DFE)-RFIC integrated chip. These are designed to increase power efficiency, boost performance, and reduce the size of 5G solutions.

Key Benefits for Stakeholders:

• Comprehensive Market Insights: Stakeholders gain access to detailed market statistics, trends, and analyses that help them understand the current and future landscape of their industry.
• Informed Decision-Making: The reports provide crucial data that support strategic decisions, reducing risks and enhancing business planning.
• Competitive Advantage: With in-depth competitor analysis and market share information, stakeholders can identify opportunities to outperform their competition.
• Tailored Solutions: The Business Research Company offers customized reports that address specific needs, ensuring stakeholders receive relevant and actionable insights.
• Global Perspective: The reports cover various regions and markets, providing a broad view that helps stakeholders expand and operate successfully on a global scale.

Major Key Players of the Market:

AT&T Inc., International Business Machines Corporation., Nippon Telegraph and Telephone Corporation., Verizon Communications Inc., ConnectWise LLC, Alert Logic Inc., Arctic Wolf Networks Inc., CrowdStrike Holdings Inc., Cybereason Inc., Darktrace Limited, Exabeam Inc., Fortinet Inc., F-Secure Corporation, McAfee Corp., Palo Alto Networks Inc., Rapid7 Inc., RSA Security LLC., Dell Technologies Company, SentinelOne Inc., Sumo Logic Inc., Trustwave Holdings Inc., Varonis Systems Inc., Zscaler Inc., Cynet Ltd., Netsurion LLC, Proficio Inc., Expel Inc., CYDERES Inc., Securonix Inc., Vectra AI Inc.

SOC as a Service Market 2024 Key Insights:

• The soc as a service market size is expected to see rapid growth in the next few years. It will grow to $6.83 billion in 2028 at a compound annual growth rate (CAGR) of 11.4%.
• The Role Of Cybersecurity Threats In Fueling The Soc-As-A-Service Market
• Innovative Product Offerings Drive Advancements In The Soc As A Service Market
• North America was the largest region in the SOC as a service market in 2023

We Offer Customized Report, Click @
https://www.thebusinessresearchcompany.com/Customise?id=7556&type=smp

Contact Us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: info@tbrc.info

Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
Facebook: https://www.facebook.com/TheBusinessResearchCompany
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Blog: https://blog.tbrc.info/
Healthcare Blog: https://healthcareresearchreports.com/
Global Market Model: https://www.thebusinessresearchcompany.com/global-market-model

Learn More About The Business Research Company

The Business Research Company (www.thebusinessresearchcompany.com) is a leading market intelligence firm renowned for its expertise in company, market, and consumer research. With a global presence, TBRC's consultants specialize in diverse industries such as manufacturing, healthcare, financial services, chemicals, and technology, providing unparalleled insights and strategic guidance to clients worldwide.

This release was published on openPR.