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How Large Will the SOC as a Service Market Size By 2025?

The market size of SOC as a service has seen robust expansion in the past few years. It is projected to increase from $4.33 billion in 2024 to $4.68 billion in 2025, with a compounded annual growth rate (CAGR) of 8.2%. The past growth can be connected to growing cybersecurity threats, the shortage of internal security skills, regulations and compliance requirements, the surge of advanced persistent threats (APTS), and an escalating number of security alerts.

How Big Is the SOC as a Service Market Size Expected to Grow by 2029?

The market size for SOC as a service is projected to experience a rapid surge in the upcoming years, escalating to $7.89 billion by 2029 with a CAGR of 14.0%. This growth during the forecast period can be credited to the increasing sophistication of cyber-attacks, the incorporation of artificial intelligence into SOC services, the proliferation of cloud-based security solutions, heightened usage by small to medium-sized enterprises, and the focus on threat intelligence and shared information. Rushing trends that will define the forecast period include the implementation of automation and orchestration in SOC operations, the patient monitoring and response to incidents, zero trust security frameworks, managed detection & response services, as well as the spotlight on user and entity behavior analytics within SOC.

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Which Key Market Drivers Powering SOC as a Service Market Expansion and Growth?

The escalating complexity of cyber-attacks and security infringements is anticipated to boost the SOC as a service market's expansion in the future. Cyber-attacks are unauthorised attempts to access a computer or system. The Service Operation Center, or SOC-as-a-service, aids in thwarting these attacks by ensuring quicker detection and remediation. It leverages automation and data science to hasten identification and issue high-confidence alerts. For example, new data from Checkpoint, a software and hardware products provider for IT security based in Israel, showed a 38% rise in global cyber-attacks in 2022, compared to 2021. Consequently, the significant surge in the complexity of cyber-attacks and security violations is fuelling the growth of the SOC-as-a-service market.

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Which Fast-Growing Trends Are Poised to Disrupt the SOC as a Service Market?

A primary trend gaining traction in the SOC as a service market is the development of new products. Prominent market participants are focusing on devising innovative technologies to enhance cybersecurity measures and handle threats effectively. To exemplify, Proficio, a cybersecurity service provider headquartered in India, launched a novel detection and response service in April 2022. This service uses avant-garde technology coupled with human-led probes to detect potential threats to an organization's identity and access management (IAM) infrastructure. Designed to increase visibility, expedite responses, and mitigate ransomware risks, this innovation is a testament to the increasing emphasis on product innovations in the market.

What Are the Emerging Segments in the SOC as a Service Market?

The soc as a service market covered in this report is segmented -

1) By Service Type: Vulnerability Assessment And Threat Detection, Incident Response

2) By Component: Professional Services, Solution

3) By Offering Type: Fully Managed, Co-Managed

4) By Application: Endpoint Security, Network Security, Cloud Security, Other Applications

5) By Verticals: Banking, Financial Services And Insurance (BFSI), Information Technology (IT) And Information Technology Enabled Services (ITeS), Manufacturing, Telecommunications, Government And Public Sector, Healthcare And Life Sciences, Transportation And Logistics, Energy And Utilities, Other Verticals

Subsegments:

1) By Vulnerability Assessment And Threat Detection: Network Vulnerability Scanning, Web Application Vulnerability Assessment, Threat Intelligence Analysis, Continuous Monitoring Services

2) By Incident Response: Incident Detection And Analysis, Containment And Eradication Services, Recovery And Remediation Support, Post-Incident Review And Reporting

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Who Are the Global Leaders in the SOC as a Service Market?

Major 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.

Which are the Top Profitable Regional Markets for the SOC as a Service Industry?

North America was the largest region in the SOC as a service market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the soc as a service market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

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