To counter this, the uptake of SOC-as-a-Service has increased, especially in the U.S., the U.K., Germany, China, and India. Future Market Insights (FMI) has forecast the demand for SOC-as-a-Service to increase by 23.9% year on year growth rate in 20
As per a recent analysis by Future Market Insights (FMI), the global SOC-as-a-Service market is projected to total US$ 1.08 Bn in 2021. Expanding at 24.3% CAGR, total revenue is anticipated to reach US$ 9.5 Bn by 2031.
Future Market Insights (FMI) has published a new market research report on social employee recognition systems. The report has been titled, Global SOC-as-a-Service Market: Global Industry Analysis, Forecast. Long-term contracts with large enterprises and private companies are likely to aid the expansion of business revenues, and innovation in the industry will enable social employee recognition system vendors to reach out to new potential customers in emerging markets. These factors are expected to help the global market for social employee recognition systems observe stellar growth in next few years.
Rising incidence of data breach and cyber-attacks in small, medium, and large scale enterprises across the globe is spurring the demand for effective SOC-as-a-Service solutions. Prevalence of remote work culture due to worldwide lockdown restrictions is resulting in high risk for cybercrimes and phishing.
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Competitive Landscape
Companies operating in the SOC-as-a-Service market are aiming at product innovation and strategic partnerships with other manufacturers to expand their product portfolios to address the demand from an expanding customer pool. Fos instance:
Key Points Covered in SOC-as-a-Service Market Survey
Competitive Landscape
Companies operating in the SOC-as-a-Service market are aiming at product innovation and strategic partnerships with other manufacturers to expand their product portfolios to address the demand from an expanding customer pool. Fos instance:
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Queries Solved
Segmentation
The SOC-as-a-Service market is segmented into application, form, end use industry, source and geography.
Based on Service Type:
Based on Application:
Based on Industry:
Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market.
Aug 17, 2022