SOC as a Service

SOC as a Service

Global SOC as a Service Market to Reach US$8.5 Billion by 2030

The global market for SOC as a Service estimated at US$1.7 Billion in the year 2023, is expected to reach US$8.5 Billion by 2030, growing at a CAGR of 25.7% over the analysis period 2023-2030. Solutions Component, one of the segments analyzed in the report, is expected to record a 22.5% CAGR and reach US$4.4 Billion by the end of the analysis period. Growth in the Services Component segment is estimated at 30.0% CAGR over the analysis period.

The U.S. Market is Estimated at US$492.5 Million While China is Forecast to Grow at 25.0% CAGR

The SOC as a Service market in the U.S. is estimated at US$492.5 Million in the year 2023. China, the world`s second largest economy, is forecast to reach a projected market size of US$1.3 Billion by the year 2030 trailing a CAGR of 25.0% over the analysis period 2023-2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at a CAGR of 22.3% and 21.8% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 17.8% CAGR.

Global SOC as a Service Market - Key Trends and Drivers Summarized

How Is SOC as a Service Enhancing Cybersecurity for Enterprises?

SOC as a Service (Security Operations Center as a Service) is a cloud-based solution that provides real-time threat detection, monitoring, and response for enterprises of all sizes. It combines advanced technologies like AI, machine learning, and behavioral analytics with expert security analysts to manage and mitigate cybersecurity risks. By outsourcing SOC operations to a managed service provider, organizations can enhance their security posture without investing heavily in infrastructure or in-house security teams. As cyber threats become more sophisticated, SOC as a Service offers an efficient, scalable, and cost-effective approach to protect sensitive data and IT systems.

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

Major service types include threat detection and response, compliance management, and vulnerability assessment, with threat detection and response holding the largest market share due to its critical role in identifying and addressing cyber threats in real time. Deployment modes include cloud-based and on-premises solutions, with cloud-based services leading the market as they offer greater flexibility and scalability. End-users encompass BFSI, healthcare, retail, IT and telecom, and government, with BFSI (Banking, Financial Services, and Insurance) leading the market as it prioritizes robust cybersecurity to protect sensitive financial data.

How Is SOC as a Service Integrated Across Industries?

In the BFSI sector, SOC as a Service monitors financial transactions, detects fraudulent activities, and ensures compliance with regulatory standards, protecting sensitive financial information. Healthcare institutions use SOC as a Service to protect patient data, ensure compliance with HIPAA, and manage threats related to medical devices and electronic health records. In the retail sector, SOC as a Service safeguards customer information and transaction data against breaches, supporting secure e-commerce operations. Government agencies deploy these services to monitor network traffic, protect classified data, and prevent cyber espionage. Additionally, SOC as a Service provides SMEs with affordable cybersecurity solutions, enabling them to enhance protection without significant upfront costs.

What Factors Are Driving the Growth in the SOC as a Service Market?

The growth in the SOC as a Service market is driven by several factors, including increasing cyber threats, which have heightened the demand for real-time threat detection and response solutions across industries. The shift towards remote work and digital transformation has expanded the attack surface, accelerating the need for scalable and managed cybersecurity services. Advancements in AI, machine learning, and automation have enhanced the efficiency and accuracy of SOC operations, supporting broader adoption among enterprises. The focus on compliance with data protection regulations, such as GDPR and HIPAA, has further fueled demand, as organizations seek to ensure regulatory compliance and data security. Additionally, the cost-effectiveness and flexibility of cloud-based SOC solutions have contributed to market expansion, especially among small and medium-sized enterprises (SMEs).

Select Competitors (Total 34 Featured) -

• Alert Logic
• AlienVault
• AQM Technologies
• Arctic Wolf Networks
• BlackStratus
• Cygilant
• ESDS Software Solution
• Expel
• GA Systems
• Netmagic Solutions
• Proficio
• RadarServices
• StratoZen
• Suma Soft
• Thales e-Security

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