SOC-as-a-Service Market is to grow at 24.3% During the Forecast Period 2022 to 2032

According to a recent study by Future Market Insights (FMI), the global SOC-as-a-Service market is expected to reach US$1.08 billion in 2021. Total revenue is predicted to increase by 24.3% CAGR and reach US$ 9.5 Bn by 2031.

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Due to global lockout constraints, remote work is becoming more and more common, which raises the risk of cybercrime and phishing.

Key Points Covered in SOC-as-a-Service Market Survey

• Market estimates and forecast 2016-2031
• Key drivers and restraints impacting market growth
• Segment-wise, Country-wise, and Region-wise Analysis
• Competition Mapping and Benchmarking
• Market Share Analysis
• Key Product Innovations and Regulatory Climate
• COVID-19 Impact on SOC-as-a-Service and how to Navigate
• Recommendation on Key Winning Strategies

Competitive Landscape

In order to meet the demand from a growing customer base, companies in the SOC-as-a-Service market are focusing on product innovation and strategic alliances with other manufacturers. For example:

• In December 2020, Alert Logic, Inc. launched automated response solution for Amazon Web Services (AWS) environments. Alert Logic MDR SOAR delivers pre-built and customized playbooks ensure security teams to protect organizations from threats.

• In December 2019, Fortinet, Inc. acquired CyberSponse. This acquisition helps the company to improve security orchestration, automation, and response addition to Fortier. Also it empowers security operations teams to achieve higher efficiencies and accelerate incident response.

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Queries Solved

• What is the size of the overall SOC-as-a-Service Market in the Technology Industry and its segments?
• What are the key segments and sub-segments in the market?
• What are the key drivers, restraints, opportunities, and challenges of the SOC-as-a-Service Market in the Technology Industry, and how they are expected to impact the market?
• What is the SOC-as-a-Service Market in the Technology Industry size at the regional and country-level?
• What are the key market players focusing on?
• What are the strategies for growth adopted by the key players in SOC-as-a-Service Market in the Technology Industry?

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Segmentation

The SOC-as-a-Service market is segmented into application, form, end use industry, source and geography.

Based on Service Type:

• Prevention Service
• Detection Service
• Incident Response Service
• Others

Based on Application:

• Network Security
• Endpoint Security
• Application Security
• Others

Based on Industry:

• BFSI
• Healthcare
• Government and Public Sector
• IT and Telecom
• Retail
• Manufacturing
• Others