PUBLISHER: Allied Market Research | PRODUCT CODE: 1225076
PUBLISHER: Allied Market Research | PRODUCT CODE: 1225076
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.
By Service Type
By Enterprise Size
By Application Area
By Industry Vertical
By Region