Global SOC as a Service Market

SOC as a Service Market Size, Share, Growth Analysis, By Vertical (Network Security, Endpoint Security), By Service Type (Threat Detection, Managed SIEM & Log), By Application (Network Security, Cloud Security), By Region - Industry Forecast 2024-2031

Report ID: SQMIG45I2205 | Region: Global | Published Date: August, 2024
Pages: 179 | Tables: 93 | Figures: 71

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Global SOC as a Service Market size was valued at USD 6.03 Billion in 2022 poised to grow from USD 6.70 Billion in 2023 to USD 15.66 Billion by 2031, growing at a CAGR of 11.2% in the forecast period (2024-2031).

The global SOC as a service market is characterised by a wide range of competitors that provide cutting-edge solutions. Prominent global corporations such as IBM, Cisco, and Palo Alto Networks utilise cutting-edge technologies to augment security operations. Furthermore, in response to increasing demand, companies such as McAfee, Fortinet, and Secureworks are aggressively diversifying their service offerings. Additionally, suppliers are working together more frequently in the market to offer comprehensive, scalable solutions that address changing cybersecurity challenges. 'NTT (Japan)', 'Verizon (US)', 'Lumen Technology (US)', 'Atos (France)', 'Fortinet (US)', 'Thales (France)', 'Kaseya (US)', 'Cloudflare (US)', 'AT&T (US)', 'Arctic Wolf (US)', 'Trustwave (US)', 'Proficio (US)', 'Airbus (France)', 'ConnectWise (US)', 'Clearnetwork, Inc (US)'

Demand for SOCaaS is Driven by Complex Threat Response

Harnessing AI for Rise of Intelligent Threat Detection: The growing use of machine learning and artificial intelligence (AI) technologies is driving the global SOC as a service market. Organizations are leveraging AI-driven solutions to enhance overall security operations, automate incident response, and elevate threat detection. By means of such technologies, security teams can quickly and efficiently analyze vast amounts of data, identify patterns and proactively eliminate potential threats. As a result, it reduces the response time and increases the efficiency of the security measures.

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.

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Global SOC as a Service Market

Report ID: SQMIG45I2205

$5,300
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