SOC as a Service Market: Rising Cyber Threats and Demand for Security Drive Swift Growth

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Soaring Market Size and Evolution in the Global SOC as a Service Market

• The global SOC as a service market has been witnessing strong growth, reaching $4.33 billion in 2024 and expected to grow to a hefty $4.68 billion in 2025 at a CAGR of 8.2%.
• Growth in the historic period has been propelled by rising cybersecurity threats, lack of in-house security expertise, compliance and regulatory requirements, proliferation of APTs, and a surge in volume of security alerts.
• Predictions for future growth indicate a rapid rise in the market size, which is set to shoot up to $7.89 billion in 2029 at a compound annual growth rate (CAGR) of 14.0%.
• Escalating sophistication of cyber-attacks, integration of artificial intelligence in SOC services, expansion of cloud-based security solutions, increased adoption by small and medium enterprises, and emphasis on threat intelligence and information sharing are some factors driving the forecast period growth.

What Is Propelling the Growth in the SOC as a Service Market?

The increasing sophistication of cyber-attacks and security breaches are expected to be prominent growth drivers for the SOC as a service market. Unwanted attempts to gain unauthorized access to a computer or system, identified as cyber-attacks, can be effectively thwarted by SOC as a service. It enhances detection and remediation, utilizes automation and data science for accelerated detection, and delivers high-confidence alerts. For instance, Checkpoint, an Israel-based provider of IT security products, highlighted a 38% rise in global cyberattacks in 2022 compared to 2021, making SOC-as-a-service an essential tool in the fight against these threats.

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Who Are the Key Players Driving SOC as a Service Market Growth?

Significant companies operating in the SOC as a service market include
• 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.

What Are The Key Trends In The SOC as a Service Market?

Revealing trends in the SOC as a service market include
• Automation and orchestration in SOC operations
• Emphasis on continuous monitoring and incident response
• Adoption of zero trust security models
• Deployment of managed detection and response (MDR) services
• Focus on user and entity behavior analytics (UEBA) in SOC.

What Are The Segments Of The Global SOC as a Service Market?

Segments of the global SOC as a service market include
• By Service Type: Vulnerability Assessment And Threat Detection, and Incident Response
• By Component: Professional Services and Solution
• By Offering Type: Fully Managed and Co-Managed
• By Application: Endpoint Security, Network Security, Cloud Security, and Other Applications
• By Verticals: Banking, Financial Services And Insurance (BFSI), IT And ITeS, Manufacturing, Telecommunications, Government And Public Sector, Healthcare And Life Sciences, Transportation And Logistics, Energy And Utilities, and Other Verticals

Which Region Leads The SOC as a Service Market?

The largest region for SOC as a service market in 2024 was North America. Asia-Pacific is predicted to be the fastest-growing region in the forthcoming period. The SOC as a service market report covers the regions of Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.

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What Is Covered In The SOC as a Service Market Global Market Report?

- Market Size Analysis: Analyze the SOC as a Service Market size by key regions, countries, product types, and applications.

- Market Segmentation Analysis: Identify various subsegments within the SOC as a Service Market for effective categorization.

- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.

- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.

- Market Contribution: Evaluate contributions of different segments to the overall SOC as a Service Market growth.

- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.

- Industry Challenges: Analyze challenges and risks affecting the SOC as a Service Market.

- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.

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