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SOC-as-a-Service Market by Component (Consulting, Services, Solutions), Service Type (Detection Service, Incident Response Service, Prevention Service), Offering Type, Application Area, Vertical - Global Forecast 2024-2030

Publisher 360iResearch
Published Jan 15, 2024
Length 188 Pages
SKU # IRE18452803

Description

SOC-as-a-Service Market by Component (Consulting, Services, Solutions), Service Type (Detection Service, Incident Response Service, Prevention Service), Offering Type, Application Area, Vertical - Global Forecast 2024-2030


The SOC-as-a-Service Market size was estimated at USD 1.09 billion in 2023 and expected to reach USD 1.45 billion in 2024, at a CAGR 32.71% to reach USD 7.93 billion by 2030.

Global SOC-as-a-Service Market

The SOC-as-a-Service market offers managed security services such as monitoring, detection, and response to various cyber threats, enabling businesses to outsource their security operations. This service model provides 24/7 security monitoring, threat intelligence gathering, incident response management, and vulnerability assessments. Increasing cybersecurity threats, adoption of IoT and cloud technologies, limited in-house expertise among small-to-medium enterprises (SMEs), and stringent regulatory requirements demanding enhanced solutions such as SOC-as-a-service. However, challenges such as data privacy concerns when outsourcing security operations, lack of standardization among service providers, and high costs may hinder market growth. The amalgamation of artificial intelligence (AI) and machine learning (ML) technologies can enhance threat detection capabilities, reducing false positives and allowing quicker response times to incidents. Developing cost-effective solutions tailored specifically to meet small-to-medium enterprises' unique security requirements and budget constraints is expected to expand the customer base for SOC-as-a-service providers while improving overall efficiency in managing cybersecurity risks.

Regional Insights

The SOC-as-a-service market is witnessing significant growth in the Americas due to rising cybercrime rates, stringent data protection regulations, and increased investment in research and development. In Europe, SOC-as-a-service adoption has been fueled by rising data privacy (GDPR) compliance regulations and a growing number of high-profile cyber attacks. The Middle East & Africa region has witnessed a surge in demand for SOC-as-a-Service due to an alarming rise in cyberattacks targeting critical infrastructures, including oil & gas sectors. Governments have initiated national cybersecurity strategies promoting public-private partnerships to enhance security postures. China, Japan, and India have emerged as significant economies for SOC-as-a-Service with rapid digital transformation, and the need for advanced cybersecurity measures has grown exponentially. Besides, technological advancements and integration of cutting-edge technologies are expected to encourage the adoption of SOC-as-a-Service by the end-use sectors globally.

FPNV Positioning Matrix

The FPNV Positioning Matrix is pivotal in evaluating the SOC-as-a-Service Market. It offers a comprehensive assessment of vendors, examining key metrics related to Business Strategy and Product Satisfaction. This in-depth analysis empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital (V).

Market Share Analysis

The Market Share Analysis is a comprehensive tool that provides an insightful and in-depth examination of the current state of vendors in the SOC-as-a-Service Market. By meticulously comparing and analyzing vendor contributions in terms of overall revenue, customer base, and other key metrics, we can offer companies a greater understanding of their performance and the challenges they face when competing for market share. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With this expanded level of detail, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.

Key Company Profiles

The report delves into recent significant developments in the SOC-as-a-Service Market, highlighting leading vendors and their innovative profiles. These include Alert Logic, Arctic Wolf Networks, AT&T Inc., Binary Defense, Critical Start, Inc., ESDS Software Solution, Expel, Inc., Fortinet, Inc., IARM Information Security, IBM Corporation, Netsurion LLC, Proficio, SafeAeon, SOCSoter, Inc., Tata Consultancy Services, and Thales Group.

Market Segmentation & Coverage

This research report categorizes the SOC-as-a-Service Market to forecast the revenues and analyze trends in each of the following sub-markets:

Component
Consulting
Services
Solutions
Support & Maintenance
Training & Education
Service Type
Detection Service
Incident Response Service
Prevention Service
Offering Type
Co-Managed or Hybrid
Fully Managed
Application Area
Database Security
Endpoint Security
Network Security
Vertical
Banking, Financial Services & Insurance
Energy & Utilities
Government & Public Sector
Healthcare
IT & Telecom
Manufacturing
Retail & Consumer Goods
Region
Americas
Argentina
Brazil
Canada
Mexico
United States
California
Florida
Illinois
New York
Ohio
Pennsylvania
Texas
Asia-Pacific
Australia
China
India
Indonesia
Japan
Malaysia
Philippines
Singapore
South Korea
Taiwan
Thailand
Vietnam
Europe, Middle East & Africa
Denmark
Egypt
Finland
France
Germany
Israel
Italy
Netherlands
Nigeria
Norway
Poland
Qatar
Russia
Saudi Arabia
South Africa
Spain
Sweden
Switzerland
Turkey
United Arab Emirates
United Kingdom

The report offers valuable insights on the following aspects:

1. Market Penetration: It presents comprehensive information on the market provided by key players.
2. Market Development: It delves deep into lucrative emerging markets and analyzes the penetration across mature market segments.
3. Market Diversification: It provides detailed information on new product launches, untapped geographic regions, recent developments, and investments.
4. Competitive Assessment & Intelligence: It conducts an exhaustive assessment of market shares, strategies, products, certifications, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players.
5. Product Development & Innovation: It offers intelligent insights on future technologies, R&D activities, and breakthrough product developments.

The report addresses key questions such as:

1. What is the market size and forecast of the SOC-as-a-Service Market?
2. Which products, segments, applications, and areas should one consider investing in over the forecast period in the SOC-as-a-Service Market?
3. What are the technology trends and regulatory frameworks in the SOC-as-a-Service Market?
4. What is the market share of the leading vendors in the SOC-as-a-Service Market?
5. Which modes and strategic moves are suitable for entering the SOC-as-a-Service Market?

Note: PDF & Excel + Online Access - 1 Year

Table of Contents

188 Pages
1. Preface
1.1. Objectives of the Study
1.2. Market Segmentation & Coverage
1.3. Years Considered for the Study
1.4. Currency & Pricing
1.5. Language
1.6. Limitations
1.7. Assumptions
1.8. Stakeholders
2. Research Methodology
2.1. Define: Research Objective
2.2. Determine: Research Design
2.3. Prepare: Research Instrument
2.4. Collect: Data Source
2.5. Analyze: Data Interpretation
2.6. Formulate: Data Verification
2.7. Publish: Research Report
2.8. Repeat: Report Update
3. Executive Summary
4. Market Overview
4.1. Introduction
4.2. SOC-as-a-Service Market, by Region
5. Market Insights
5.1. Market Dynamics
5.1.1. Drivers
5.1.1.1. Increasing penetration of internet and growing demand for connected devices
5.1.1.2. Rising demand for BYOD and work from home
5.1.1.3. Growing applications in the government and public sector industry verticals
5.1.2. Restraints
5.1.2.1. Dearth of skilled professionals
5.1.3. Opportunities
5.1.3.1. Deployment of modern technological solutions
5.1.3.2. Increasing adoption of cloud-based solutions across SMEs
5.1.4. Challenges
5.1.4.1. Lack of trust among enterprises
5.2. Market Segmentation Analysis
5.2.1. Components: Proliferating use of SOC-as-a-service for consulting purposes
5.2.2. Service Type: High implementation of detection services to identify potential threats and vulnerabilities
5.2.3. Application Areas: Growing use of SOC-as-a-Service for network security of IT infrastructure
5.2.4. Offering Type: Increasing use of fully managed SOC-as-a-Service for comprehensive protection against cyber threats
5.3. Market Trend Analysis
5.4. Cumulative Impact of High Inflation
5.5. Porter’s Five Forces Analysis
5.5.1. Threat of New Entrants
5.5.2. Threat of Substitutes
5.5.3. Bargaining Power of Customers
5.5.4. Bargaining Power of Suppliers
5.5.5. Industry Rivalry
5.6. Value Chain & Critical Path Analysis
5.7. Regulatory Framework
6. SOC-as-a-Service Market, by Component
6.1. Introduction
6.2. Consulting
6.3. Services
6.4. Solutions
6.5. Support & Maintenance
6.6. Training & Education
7. SOC-as-a-Service Market, by Service Type
7.1. Introduction
7.2. Detection Service
7.3. Incident Response Service
7.4. Prevention Service
8. SOC-as-a-Service Market, by Offering Type
8.1. Introduction
8.2. Co-Managed or Hybrid
8.3. Fully Managed
9. SOC-as-a-Service Market, by Application Area
9.1. Introduction
9.2. Database Security
9.3. Endpoint Security
9.4. Network Security
10. SOC-as-a-Service Market, by Vertical
10.1. Introduction
10.2. Banking, Financial Services & Insurance
10.3. Energy & Utilities
10.4. Government & Public Sector
10.5. Healthcare
10.6. IT & Telecom
10.7. Manufacturing
10.8. Retail & Consumer Goods
11. Americas SOC-as-a-Service Market
11.1. Introduction
11.2. Argentina
11.3. Brazil
11.4. Canada
11.5. Mexico
11.6. United States
12. Asia-Pacific SOC-as-a-Service Market
12.1. Introduction
12.2. Australia
12.3. China
12.4. India
12.5. Indonesia
12.6. Japan
12.7. Malaysia
12.8. Philippines
12.9. Singapore
12.10. South Korea
12.11. Taiwan
12.12. Thailand
12.13. Vietnam
13. Europe, Middle East & Africa SOC-as-a-Service Market
13.1. Introduction
13.2. Denmark
13.3. Egypt
13.4. Finland
13.5. France
13.6. Germany
13.7. Israel
13.8. Italy
13.9. Netherlands
13.10. Nigeria
13.11. Norway
13.12. Poland
13.13. Qatar
13.14. Russia
13.15. Saudi Arabia
13.16. South Africa
13.17. Spain
13.18. Sweden
13.19. Switzerland
13.20. Turkey
13.21. United Arab Emirates
13.22. United Kingdom
14. Competitive Landscape
14.1. FPNV Positioning Matrix
14.2. Market Share Analysis, By Key Player
14.3. Competitive Scenario Analysis, By Key Player
14.3.1. Agreement, Collaboration, & Partnership
14.3.1.1. L&T Technology Services joins forces with Palo Alto Networks as MSSP Partner for OT Security Offerings
14.3.1.2. Scybers partners with Netenrich and Google Cloud to deliver NextGen Security Operations Center (SOC) services to Bank, Finance and Hi-Tech Sector
14.3.1.3. Vectra AI and Neutron Engineering Launch State-of-the-Art Security Operations Center as a Service
15. Competitive Portfolio
15.1. Key Company Profiles
15.1.1. Alert Logic
15.1.2. Arctic Wolf Networks
15.1.3. AT&T Inc.
15.1.4. Binary Defense
15.1.5. Critical Start, Inc.
15.1.6. ESDS Software Solution
15.1.7. Expel, Inc.
15.1.8. Fortinet, Inc.
15.1.9. IARM Information Security
15.1.10. IBM Corporation
15.1.11. Netsurion LLC
15.1.12. Proficio
15.1.13. SafeAeon
15.1.14. SOCSoter, Inc.
15.1.15. Tata Consultancy Services
15.1.16. Thales Group
15.2. Key Product Portfolio
16. Appendix
16.1. Discussion Guide
16.2. License & Pricing
FIGURE 1. SOC-AS-A-SERVICE MARKET RESEARCH PROCESS
FIGURE 2. SOC-AS-A-SERVICE MARKET SIZE, 2023 VS 2030
FIGURE 3. SOC-AS-A-SERVICE MARKET SIZE, 2018-2030 (USD MILLION)
FIGURE 4. SOC-AS-A-SERVICE MARKET SIZE, BY REGION, 2023 VS 2030 (%)
FIGURE 5. SOC-AS-A-SERVICE MARKET SIZE, BY REGION, 2023 VS 2024 VS 2030 (USD MILLION)
FIGURE 6. SOC-AS-A-SERVICE MARKET DYNAMICS
FIGURE 7. SOC-AS-A-SERVICE MARKET SIZE, BY COMPONENT, 2023 VS 2030 (%)
FIGURE 8. SOC-AS-A-SERVICE MARKET SIZE, BY COMPONENT, 2023 VS 2024 VS 2030 (USD MILLION)
FIGURE 9. SOC-AS-A-SERVICE MARKET SIZE, BY SERVICE TYPE, 2023 VS 2030 (%)
FIGURE 10. SOC-AS-A-SERVICE MARKET SIZE, BY SERVICE TYPE, 2023 VS 2024 VS 2030 (USD MILLION)
FIGURE 11. SOC-AS-A-SERVICE MARKET SIZE, BY OFFERING TYPE, 2023 VS 2030 (%)
FIGURE 12. SOC-AS-A-SERVICE MARKET SIZE, BY OFFERING TYPE, 2023 VS 2024 VS 2030 (USD MILLION)
FIGURE 13. SOC-AS-A-SERVICE MARKET SIZE, BY APPLICATION AREA, 2023 VS 2030 (%)
FIGURE 14. SOC-AS-A-SERVICE MARKET SIZE, BY APPLICATION AREA, 2023 VS 2024 VS 2030 (USD MILLION)
FIGURE 15. SOC-AS-A-SERVICE MARKET SIZE, BY VERTICAL, 2023 VS 2030 (%)
FIGURE 16. SOC-AS-A-SERVICE MARKET SIZE, BY VERTICAL, 2023 VS 2024 VS 2030 (USD MILLION)
FIGURE 17. AMERICAS SOC-AS-A-SERVICE MARKET SIZE, BY COUNTRY, 2023 VS 2030 (%)
FIGURE 18. AMERICAS SOC-AS-A-SERVICE MARKET SIZE, BY COUNTRY, 2023 VS 2024 VS 2030 (USD MILLION)
FIGURE 19. UNITED STATES SOC-AS-A-SERVICE MARKET SIZE, BY STATE, 2023 VS 2030 (%)
FIGURE 20. UNITED STATES SOC-AS-A-SERVICE MARKET SIZE, BY STATE, 2023 VS 2024 VS 2030 (USD MILLION)
FIGURE 21. ASIA-PACIFIC SOC-AS-A-SERVICE MARKET SIZE, BY COUNTRY, 2023 VS 2030 (%)
FIGURE 22. ASIA-PACIFIC SOC-AS-A-SERVICE MARKET SIZE, BY COUNTRY, 2023 VS 2024 VS 2030 (USD MILLION)
FIGURE 23. EUROPE, MIDDLE EAST & AFRICA SOC-AS-A-SERVICE MARKET SIZE, BY COUNTRY, 2023 VS 2030 (%)
FIGURE 24. EUROPE, MIDDLE EAST & AFRICA SOC-AS-A-SERVICE MARKET SIZE, BY COUNTRY, 2023 VS 2024 VS 2030 (USD MILLION)
FIGURE 25. SOC-AS-A-SERVICE MARKET, FPNV POSITIONING MATRIX, 2023
FIGURE 26. SOC-AS-A-SERVICE MARKET SHARE, BY KEY PLAYER, 2023

Pricing

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