Steady Expansion Forecast for SOC as a Service Market, Projected to Reach $11.11 Billion by 2029

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SOC as a Service Market Size Valuation Forecast: What Will the Market Be Worth by 2025?
The expansion of the SOC as a service market has been quick in the last few years. It is projected to rise from $6.65 billion in 2024 to $7.33 billion in 2025, showcasing a compound annual growth rate (CAGR) of 10.3%. The historic growth rate can be linked to the surge in cybersecurity threats, insufficient internal security expertise, adherence to compliance and regulatory standards, the spread of advanced persistent threats (APTs), and the escalating plethora of security alerts.

SOC as a Service Market Size Forecast: What's the Projected Valuation by 2029?
The market size of SOC as a service is predicted to experience a significant surge in the coming years. It's projected to hit a whopping $11.11 billion in 2029 at a compound annual growth rate of 10.9%. The expansion in the forecasted period is tied to factors such as the escalating complexity of cyber-attacks, the incorporation of artificial intelligence into SOC services, the growth of cloud-based security solutions, the uptake by small and medium enterprises (SMs) and a greater focus on threat intelligence and information dissemination. Key trends forecasted for this period involve automation and orchestration in SOC operations, ongoing monitoring and incident management, zero trust security structures, managed detection and response (MDR) services, and an increased concentration on user and entity behaviour analytics (UEBA) in SOC.

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What Are the Drivers Transforming the SOC as a Service Market?
The rapid advancement in the complexity of cyber-attacks and security invasions is predicted to drive the growth of the SOC as a service market in the future. Cyber-attacks are unauthorized access attempts to a computer or system. The SOC-as-a-service aids in preventing cyberattacks by facilitating faster detection and mitigation, utilizing automation and data science to expedite detection and provide high-confidence alerts. For example, new data from Checkpoint, an Israel-based firm that offers IT security software and hardware products, revealed a 38% surge in global cyberattacks in 2022 compared to 2021, as of January 2023. Consequently, the rapid advancement in the complexity of cyber-attacks and security invasions is propelling the SOC-as-a-service market's growth.

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What Long-Term Trends Will Define the Future of the SOC as a Service Market?
One significant trend on the rise in the SOC as a service market is product innovation. Key players within the market are channeling their resources towards the development of pioneering technologies to enhance cybersecurity and address threats. For example, in April 2022, Proficio, a cybersecurity service firm based in India, rolled out a detection and response service specifically designed to confront identity-based threats. The service employs a combination of advanced technology and human-led investigation processes to detect threats directed towards an organization's identity and access management (IAM) infrastructure. The goal of this solution is to enhance visibility, speed up response times, and reduce the risk of ransomware.

Which Segments in the SOC as a Service Market Offer the Most Profit Potential?
The soc as a servicemarket 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, Healare 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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Which Firms Dominate the SOC as a Service Market by Market Share and Revenue in 2025?
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 Regions Offer the Highest Growth Potential in the SOC as a Service Market?
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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