Press release
Security Operations Center (SOC) Market Projected to Reach USD 91.88 Billion by 2034, Growing at a CAGR of 7.9%
Security Operations Center (SOC) Market
Market Explanation
A security operations center (SOC) enhances a firm's threat detection, response, and prohibition potential by integrating and coordinating all cybersecurity technologies and operations. It consists of an in-house or outsourced team of IT security experts dedicated to monitoring a firm's complete IT infrastructure around the clock. The objective is to identify, analyze, and respond to security cases in real time.
When not managed internally, a SOC is often part of outsourced managed security services (MSS) provided by a managed security service provider (MSSP). The prominent advantage of operating or outsourcing SOC is that it unites and synchronizes a firm's security system, involving security instruments, practices, and incident response tools. This typically results in stronger preventive measures, more cohesive security policies, faster threat detection, and more efficient and cost-effective responses to cybersecurity threats.
Get Exclusive Sample Pages of This Report:
https://www.polarismarketresearch.com/industry-analysis/security-operation-center-market/request-for-sample
Company Insights
Prominent market contenders are spending significant amounts on R&D to enhance their product lines, which will assist the market to grow even more. Key companies are mentioned below:
• Airbus Cybersecurity
• Atos
• AT&T Inc.
• Binary Defense
• BitLyft Cybersecurity
• Check Point
• CyberSecOp
• eSentire Inc.
• IBM Corporation
• Kaseya Limited
• Radar Cyber Security (RadarServices Smart IT-Security GmbH)
• SecureKloud Technologies
• Tata Consultancy Services
• Verizon Communication
Security Operations Center (SOC) Market Report Highlights
• In terms of type, in 2024, the detection service segment accounted for the largest market share due to its pivotal role in real-time monitoring, threat identification, and intelligence gathering.
• Based on component, in 2024, the professional services segment held a larger share due to the rising need for specialized consulting, integration, and threat-hunting expertise across hybrid SOC environments.
• In 2024, North America held the largest market share due to the region's mature cybersecurity ecosystem, high concentration of Fortune 500 enterprises, and early adoption of next-generation SOC technologies.
• The Asia Pacific SOC market is projected to experience the highest CAGR during the forecast period due to rapid digital transformation, increasing cyberattack frequency, and heightened government initiatives focused on national cybersecurity frameworks.
Request for a Discount on this Report Before Purchase:
https://www.polarismarketresearch.com/industry-analysis/security-operation-center-market/request-for-discount-pricing
Market Drivers
Growing Cybersecurity Threats: Surging cybersecurity threats are notably causing the market to grow. As per a Cybersecurity and Infrastructure Security Agency (CISA) report issued in December 2023., threat actors continue to exploit vulnerabilities at an escalating rate, with more than 6,500 known exploited vulnerabilities in 2023 alone, marking a 45% surge as contrasted to FY 2022. These rising cybersecurity concerns are boosting the security operations center (SOC) market demand.
Regulatory Conformity Requirements: Firms are navigating an increasingly regulatory environment influenced by strict directives such as GDPR, HIPAA, CCPA, and other regional data protection legislations. Non-conformance to these frameworks causes critical retribution, legal accountabilities, and reputation damage, generating a robust business case for funding in thorough SOC solutions.
Market Segmentation
The security operations center (SOC) market is broadly segmented based on type, component, deployment type, organization size, end use, and region.
Based on type, the detection service segment accounted for the largest revenue share in 2024 due to its important part in real-time observing, cyber threat intelligence, and intelligence gathering.
Based on component, the professional services segment is anticipated to register a high CAGR during the forecast period, driven by growing requirements for specific consulting, merger, and threat-hunting prowess covering hybrid SOC ambiances.
By Type Outlook (Revenue - USD Billion, 2020-2034)
• Detection Service
• Prevention Service
• Incident Response Service
By Component Outlook (Revenue - USD Billion, 2020-2034)
• Solution
• Professional Services
By Deployment Type Outlook (Revenue - USD Billion, 2020-2034)
• On-Premises
• Cloud
By Organization Size Outlook (Revenue - USD Billion, 2020-2034)
• Small & Medium Enterprises
• Large Enterprises
By End Use Outlook (Revenue - USD Billion, 2020-2034)
• BFSI
• Public Sector
• Healthcare
• Aerospace & Defense
• Others
Explore The Complete Comprehensive Report Here:
https://www.polarismarketresearch.com/industry-analysis/security-operation-center-market
Regional Insights
• North America (U.S., Canada)
• Europe (France, Germany, UK, Italy, Netherlands, Spain, Russia)
• Asia Pacific (Japan, China, India, Malaysia, Indonesia. South Korea)
• Latin America (Brazil, Mexico, Argentina)
• Middle East & Africa (Saudi Arabia, UAE, Israel, South Africa)
More Trending Latest Reports by Polaris Market Research:
Social Platforms for Commerce Market
https://www.polarismarketresearch.com/industry-analysis/social-platforms-for-commerce-market
3D Imaging Market
https://www.polarismarketresearch.com/industry-analysis/3d-imaging-market
Data Warehouse as a Service Market
https://www.polarismarketresearch.com/industry-analysis/data-warehouse-as-a-service-market
Contact:
Likhil G
8 The Green Ste 19824,
Dover, DE 19901,
United States
Phone: +1-929 297-9727
Email: sales@polarismarketresearch.com
Web: https://www.polarismarketresearch.com
Follow Us: LinkedIn | Twitter
About Polaris Market Research & Consulting, Inc:
Polaris Market Research is a global market research and consulting company. The company specializes in providing exceptional market intelligence and in-depth business research services for PMR's clientele spread across different enterprises. We at Polaris are obliged to serve PMR's diverse customer base present across the industries of healthcare, technology, semiconductors, and chemicals among various other industries present around the world. We strive to provide PMR's customers with updated information on innovative technologies, high-growth markets, emerging business environments, and the latest business-centric applications, thereby helping them always to make informed decisions and leverage new opportunities. Adept with a highly competent, experienced, and extremely qualified team of experts comprising SMEs, analysts, and consultants, we at Polaris endeavor to deliver value-added business solutions to PMR's customers.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Security Operations Center (SOC) Market Projected to Reach USD 91.88 Billion by 2034, Growing at a CAGR of 7.9% here
News-ID: 4037985 • Views: …
More Releases from Polaris Market Research & Consulting
Granite Market Projected to Reach USD 6.63 Billion by 2034, Growing at a CAGR of …
Polaris Market Research has released new insights into the Granite market, highlighting key developments, evolving trends, and growth prospects across major regions and segments. The report delivers an in-depth analysis of market dynamics, competitive shifts, and strategic outlooks to support informed decision-making for businesses and investors.
Market at a Glance
In 2024, the market was valued at USD 3.99 billion and is anticipated to grow to USD 6.63 Billion by 2034. It…
Molecular Diagnostics for Sexually Transmitted Diseases Market to Reach USD 7.85 …
Polaris Market Research announces the release of its latest study on the Molecular Diagnostics For Sexually Transmitted Diseases market. It offers comprehensive insights into all the key market aspects, including industry trends, market dynamics, competitive landscape, and strategic developments. The report is designed to help stakeholders make strategic decisions in the rapidly evolving market landscape.
According to the findings, the market stood at 3.82 billion in 2024 and is expected to…
Higher Alpha Olefins Market Projected to Hit USD 20.01 Billion by 2034, Expandin …
Polaris Market Research announces the release of its latest study on the Higher Alpha Olefins market. It offers comprehensive insights into all the key market aspects, including industry trends, market dynamics, competitive landscape, and strategic developments. The report is designed to help stakeholders make strategic decisions in the rapidly evolving market landscape.
According to the findings, the market stood at 10.39 billion in 2024 and is expected to reach 20.01 billion…
Direct Oral Anticoagulants (DOACs) Device Market to Reach USD 64.83 Billion by 2 …
Polaris Market Research announces the release of its latest study on the Direct Oral Anticoagulants (DOACs) Device market. It offers comprehensive insights into all the key market aspects, including industry trends, market dynamics, competitive landscape, and strategic developments. The report is designed to help stakeholders make strategic decisions in the rapidly evolving market landscape.
According to the findings, the market stood at 31.67 billion in 2024 and is expected to reach…
More Releases for SOC
Global IPC SoC Chip Market Size by Application, Type, and Geography: Forecast to …
USA, New Jersey- According to Market Research Intellect, the global IPC SoC Chip market in the Internet, Communication and Technology category is projected to witness significant growth from 2025 to 2032. Market dynamics, technological advancements, and evolving consumer demand are expected to drive expansion during this period.
The market for Industrial PC System-on-Chip, or IPC SoC, is expanding rapidly as a result of growing automation in the industrial and manufacturing sectors.…
Team Engine Achieves SOC 2 Compliance
Boulder, Colorado - Team Engine, a leader in software to hire and engage frontline workers, recently achieved successful SOC 2 certification through a comprehensive audit process conducted by BD Emerson CPA. SOC 2 attestation, established by the American Institute of CPAs (AICPA), is a critical certification for organizations that manage customer data. It evaluates a company's systems and processes against strict criteria for security, availability, processing integrity, confidentiality, and privacy.
"Achieving…
Camera SoC Research:expected that by 2030, China's camera SoC market size will r …
QY Research Inc. (Global Market Report Research Publisher) announces the release of 2024 latest report "Camera SOC- Global Market Share and Ranking, Overall Sales and Demand Forecast 2024-2030". Based on current situation and impact historical analysis (2019-2023) and forecast calculations (2024-2030), this report provides a comprehensive analysis of the global Wire Drawing Dies market, including market size, share, demand, industry development status, and forecasts for the next few years.
The…
Automotive LiDAR System-on-Chip (SoC) Market Steering the Future: Automotive LiD …
Automotive LiDAR System-on-Chip (SoC) Market
Automotive LiDAR System-on-Chip (SoC) Market to reach over USD 131.75 billion by the year 2031 - Exclusive Report by InsightAce Analytic
InsightAce Analytic Pvt. Ltd. announces the release of a market assessment report on the "Global Automotive LiDAR System-on-Chip (SoC) Market Size, Share & Trends Analysis Report By Vehicle Type (Passenger Cars, Commercial Vehicles, And Robo Taxis), Level Of Autonomy
(Semi-Autonomous And Fully Autonomous), Range Type (Short-To-Medium-Range…
Security Operation Center (SOC) as a Service Market Size | SOC Market Analysis a …
Security Operation Center (SOC) as a Service Market Size By Service (Incident Response, Threat Monitoring, Detection, Analytics), Application (Database Security, Endpoint Security, Network Security), Deployment Mode (Cloud, On-Premise), Organization (Small and Medium Enterprises (SMEs), Large Enterprises), End-User (BFSI, IT & Telecommunication, Healthcare, Manufacturing, Public Sector, Others) And Region Global Market Analysis and Forecast, 2023-2030
🛡️ The Growing Demand for SOC as a Service
The global security operation center (SOC) as a…
Autonomous Driving SoC Market: NVIDIA, ORIN SoC, Hyperion, Mobileye, Qualcomm, T …
Research on autonomous driving SoC Market: driving-parking integration boosts the industry, and computing in memory (CIM) and chiplet bring technological disruption.
Autonomous Driving SoC Research Report, 2023 released highlights mainstream automakers autonomous driving SoC and system deployment strategies, and 9 overseas and 10 Chinese autonomous driving SoC vendors, and discusses the following key issues:
Get a Free Sample Report at https://www.reportsnreports.com/contacts/requestsample.aspx?name=7016200
- Analysis and outlook for autonomous driving SoC and system deployment…
