SOC as a Service Market By Service Type (Prevention Services, Detection Services, Incident Response Services), By Enterprise Size (Large Enterprises, SMEs), By Application Area (Network Security, Endpoint Security, Application Security, Database Security,

SOC as a Service Market By Service Type (Prevention Services, Detection Services, Incident Response Services), By Enterprise Size (Large Enterprises, SMEs), By Application Area (Network Security, Endpoint Security, Application Security, Database Security, Others), By Industry Vertical (BFSI, Healthcare, Government and Public Sector, IT and Telecom, Retail, Manufacturing, Others): Global Opportunity Analysis and Industry Forecast, 2021-2031

A SOC, or security operations center, is a 24/7 operation with the goal of reducing cybersecurity threats. The practice of outsourcing the SOC function to a third party that already has a SOC set up and staffed is known as SOC-as-a-service. Large enterprises might have an embedded SOC, while smaller companies often have to outsource their security services because of difficulties with cost, complexity, and manpower.

The rise in demand for work-from-home and remote working policies during the period of the COVID-19 pandemic aided in propelling the demand for better security and endpoint management policies, hence empowering the growth of the SOC as a service industry. However, data privacy and customization challenges of SOC as service platforms can hamper the SOC as a service market forecast. On the contrary, the development of advanced communication technologies such as 5G communication networks and cloud technology is expected to offer remunerative opportunities for the expansion of the SOC as a service industry during the forecast period.

The SOC as a service market is segmented on the basis of service type, enterprise size, application area, industry vertical, and region. Depending on service type, the market is classified into prevention services, detection services, and incident response services. Based on enterprise size, the market is bifurcated into large enterprises and SMEs. The application area covered in the study include network security, endpoint security, application security, database security, and others. On the basis of industry vertical, the market is classified into, BFSI, healthcare, government and public sector, IT and telecom, retail, manufacturing, and others. Region wise, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

The global SOC as a service market is dominated by key players such as Atos SE, AT&T, Arctic Wolf Networks, Check Point Software Technologies, Cloudflare, Inc., Fortinet Inc., IBM CORPORATION, NTT, THALES Group, and Verizon. These players have adopted various strategies to increase their market penetration and strengthen their position in the industry.

KEY BENEFITS FOR STAKEHOLDERS

The study provides an in-depth analysis of the global SOC as a service market forecast along with the current & future trends to explain the imminent investment pockets.
Information about key drivers, restraints, & opportunities and their impact analysis on global SOC as a service market trends is provided in the report.
Porter’s five forces analysis illustrates the potency of the buyers and suppliers operating in the industry.
A quantitative analysis of the market from 2022 to 2031 is provided to determine the market potential.

Key Market Segments

By Service Type

Prevention Services
Detection Services
Incident Response Services

By Enterprise Size

Large Enterprises
SMEs

By Application Area

Network Security
Endpoint Security
Application Security
Database Security
Others

By Industry Vertical

BFSI
Healthcare
Government and Public Sector
IT and Telecom
Retail
Manufacturing
Others

By Region

North America
U.S.
Canada
Europe
UK
Germany
France
Italy
Spain
Netherlands
Rest of Europe
Asia-Pacific
China
Japan
India
Singapore
Australia
South Korea
Rest of Asia-Pacific
LAMEA
Latin America
Middle East
Africa

Key Market Players

Atos SE
AT&T
IBM CORPORATION
NTT
Cloudflare, Inc.
Fortinet Inc.
Arctic Wolf Networks
Verizon
Check Point Software Technologies
Thales

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