The global SOC-as-a-Service Market research report, published by Value Market Research, is designed to offer various market framework such as market size, portion, trends, growth path, value and factors that impact the current market dynamics over the forecast period 2020-2027. Most importantly, this report also provides the latest significant strategies adopted by major players along with their market share.
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the soc-as-a-service market include Capgemini, Cisco Systems Inc., Secureworks Inc., Raytheon, Netmagic Solutions, Dark Matters Inc., Digital Guardian, Fortinet, Alertlogic, Rapid7 and others. This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
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Market Dynamics
The market is mainly driven by the rising adoption of cloud-based solutions across SMEs across the globe. In addition, the increasing demand for network security, cryptanalysis, and malware reverse engineering to inspect network incidence are some of the prominent factors driving the growth of the market. However, lack of knowledge of many security operations is the primary factor restraining the growth of the market. Technologies involving artificial intelligence, blockchain, and machine learning for cybersecurity have boosted the SOC as a service market growth over the forecast period.
The research report covers Porter’s Five Forces Model, Market Attractiveness Analysis, and Value Chain analysis. These tools help to get a clear picture of the industry’s structure and evaluate the competition attractiveness at a global level. Additionally, these tools also give an inclusive assessment of each segment in the global market of soc-as-a-service . The growth and trends of soc-as-a-service industry provide a holistic approach to this study.
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Market Segmentation
This section of the SOC-as-a-Service market report provides detailed data on the segments at country and regional level, thereby assisting the strategist in identifying the target demographics for the respective product or services with the upcoming opportunities.
By Service Type
- Prevention Service
- Detection Service
- Incident Response Service
- Others
By Application
- Network Security
- Endpoint Security
- Application Security
- Others
By Industry
- BFSI
- Healthcare
- Government and Public Sector
- IT and Telecom
- Retail
- Manufacturing
- Others
Regional Analysis
This section covers the regional outlook, which accentuates current and future demand for the soc-as-a-service market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand, estimation, and forecast for individual application segments across all the prominent regions.
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Global SOC as a Service Market was valued at US$ 400.79 Mn in 2019 and is expected to reach US$ 1878.7 Mn by 2027, at a CAGR of 24.7% during a forecast period.The report includes the analysis of impact of COVID-19 lock-down on the revenue of market leaders, followers, and disrupters.
Since lock down was implemented differently in different regions and countries, impact of same is also different by regions and segments.
The report has covered the current short term and long term impact on the market, same will help decision makers to prepare the outline for short term and long term strategies for companies by region.SOC as a service (security operations center as a service) provider comprises a dedicated team of information security experts that are responsible for exploring and monitoring the organization security posture 24/7.
In addition, demand for a network strategy implementing protective measures as well adds to the market growth of SOC Industry.
The major forces driving the Asia Pacific market growth are rising technology adoption, huge opportunities across government and public sector, and rise in the number of startups in the Asia Pacific economies, especially India.
In recent years, the Asia Pacific region has witnessed tremendous economic growth, political transformations, and social changes.Key development in SOC as a service market, In January 2018, SecureWorks Inc. a cyber-security company formed an alliance with Carahsoft, an IT solution supplier to deliver and protect critical data with the help of managed cyber security solutions focusing on the public sector.
SOCaaS team of cybersecurity is expert n monitors data and assets wherever they reside within your organization.
Whether your assets are stored in the cloud, on-premises, or both, comprehensive monitoring and review threats means that IT only needs to act when a real threat is identified.
