SOC as a Service Market is anticipated to increase at a high CAGR of 24.3% from 2022 to 2032

The SOC-as-a-Service market refers to the outsourcing of a company’s security operations center (SOC) function to a third-party provider. This service provides companies with a comprehensive security solution that can help protect against cyber threats and provide real-time monitoring and incident response. The market for SOC-as-a-Service is growing as businesses of all sizes seek to improve their cybersecurity posture and reduce the complexity and costs associated with maintaining an in-house SOC.

The rise of cloud computing and the increasing number of connected devices (Internet of Things) have also fueled demand for these services. The SOC-as-a-Service market refers to the outsourcing of a company’s security operations center (SOC) function to a third-party provider. This service provides companies with a comprehensive security solution that can help protect against cyber threats and provide real-time monitoring and incident response.

The market for SOC-as-a-Service is growing as businesses of all sizes seek to improve their cybersecurity posture and reduce the complexity and costs associated with maintaining an in-house SOC. The rise of cloud computing and the increasing number of connected devices (Internet of Things) have also fueled demand for these services.

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What is the SOC as a Service Market’s Leading Segment by Enterprise Size?
The CAGR for the large enterprise’s segment is predicted to soar to 21.9%. Security operations centres (SOCs) are seen by many enterprises as an important tool for identifying security events.

The Small and Mid-Sized Enterprises (SMEs) market category is anticipated to grow at a CAGR of 27.4% and take up 40.5% of the overall market. The largest market share, representing 59.5% of the total market share, belongs to the Large Enterprises segment.

SOC-as-a-Intrusion detection systems, firewalls, virtual private networks (VPNs), endpoint detection and response (EDR), and endpoint security are all managed and monitored by the service (EPP). It reduces security incidents by analysing, locating, and responding to indicators of compromise (IoCs) and attacks.

Key Players 

• Check Point Software Technologies Ltd
• AlienVault (AT & T Cybersecurity)
• BlackStratus
• Cygilant, Inc.
• Thales e-Security, Inc.
• Alert Logic, Inc.
• Proficio
• Netmagic Solutions (NTT DATA)
• Arctic Wolf Networks Inc.
• ESDS Software Solution Pvt. Ltd.
• Suma Soft Private Limited
• Expel, Inc
• RadarServices Smart IT-Security GmbH
• Fortinet, Inc.
• Binary Defense

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Key Segments  

By Service Type:

• Prevention Service
• Detection Service
• Incident Response Service

By Offering Type:

• Fully Managed Service
• Co-Managed Service

By Enterprise Size:

• Small and Mid-Sized Enterprises (SMEs)
• Large Enterprises

By Applications Area:

• Network Security
• Application Security
• Endpoint Security
• Cloud Security
• Others

By Industry:

• BFSI
• IT & Telecom
• Healthcare
• Government & Public Sector
• Retail
• Manufacturing
• Energy & Utilities
• Others

By Region:

• North America
• Latin America
• Europe
• East Asia
• South Asia & Pacific
• Middle East and Africa (MEA)

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Table of Content

1. Executive Summary

1.1. Global Market Outlook

1.2. Demand Side Trends

1.3. Supply Side Trends

1.4. Analysis and Recommendations

2. Market Overview

2.1. Market Coverage / Taxonomy

2.2. Market Definition / Scope / Limitations

3. Key Market Trends

3.1. Key Trends Impacting Market

3.2. Service Innovation & Development Trends

3.3. Key Success Factors