Market Research Report
SOC as a Service
|Published by||Global Industry Analysts, Inc.||Product code||994854|
|Published||Content info||166 Pages
Delivery time: 1-2 business days
|SOC as a Service|
|Published: April 1, 2021||Content info: 166 Pages||
Global SOC as a Service Market to Reach $2.2 Billion by 2027
Amid the COVID-19 crisis, the global market for SOC as a Service estimated at US$455.2 Million in the year 2020, is projected to reach a revised size of US$2.2 Billion by 2027, growing at aCAGR of 25.5% over the period 2020-2027. Solutions, one of the segments analyzed in the report, is projected to record 22.7% CAGR and reach US$1.2 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Services segment is readjusted to a revised 30% CAGR for the next 7-year period.
The U.S. Market is Estimated at $136.2 Million, While China is Forecast to Grow at 25% CAGR
The SOC as a Service market in the U.S. is estimated at US$136.2 Million in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$390.8 Million by the year 2027 trailing a CAGR of 25% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 22.9% and 21.9% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 18% CAGR.
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