SOC as a Service Market Size, Share, Growth Analysis, By Vertical(BFSI, Healthcare, Government, Manufacturing), By Service Type(Managed SIEM & Log, Management, Vulnerability Scanning& Assessment, Threat Detection and GRC), By Application(Network Security, Cloud Security, Endpoint Security and Application Security), By Region - Industry Forecast 2024-2031

Due to its robust technological infrastructure, high adoption rate of cutting-edge cybersecurity solutions, and substantial concentration of top security service providers, North America leads the global SOC as a service market. Laws and frameworks put in place by the government, which require companies always to consider cybersecurity spending are vital for this region. It is because of the prevalence of advanced cyberattacks and data compromises that managed security services have become more essential. Additionally, high profile sectors such as technology, healthcare, finance require integrated SOC solutions to protect personal data. North America has also remained a leader in this region as it focuses more on innovation and research.

Due in large part to growing regulatory compliance requirements like the General Data Protection Regulation (GDPR), which forces businesses to strengthen their cybersecurity safeguards, Europe is the region in the global SOC as a service market that is expanding the fastest. While cyber-attacks increase, corporations within the region are looking for better security systems that can protect their confidential information. Additionally, digitalization in various organizations has resulted to a heightened consciousness of cybersecurity issues. The surge in innovative cyber defense enterprises is another factor that boosts the market as well as collaborations between public and private sectors. Besides, SOC as a service is being adopted more due to Europe’s focus on strong and sustainable security strategies.