Global SOC as a Service Market Report and Forecast 2024-2032
Market Report I 2024-05-02 I 190 Pages I EMR Inc.
Global SOC as a Service Market Report and Forecast 2024-2032
Market Outlook
According to the report by Expert Market Research (EMR), the global SOC as a service market reached a value of USD 5.86 billion in 2023. Aided by the escalating need for comprehensive security monitoring, threat detection, and incident response capabilities, the market is projected to further grow at a CAGR of 10.7% between 2024 and 2032 to reach a value of USD 14.88 billion by 2032.
SOC as a service offers a scalable, flexible solution for businesses seeking to enhance their cybersecurity posture without the substantial investments required to build and maintain an in-house SOC. By outsourcing security operations to specialised service providers, organisations gain access to expert knowledge, advanced technologies, and continuous monitoring, ensuring a proactive stance against cyber threats.
According to the SOC as a service market analysis, the rise in cyber-attacks, including ransomware, phishing, and advanced persistent threats (APTs), underscores the need for continuous monitoring and real-time threat detection, capabilities central to SOC as a sservice offering.
With stringent regulatory frameworks like GDPR, HIPAA, and others, organisations are mandated to uphold high security and data protection standards. SOC as a service aid in achieving compliance by providing detailed security insights and compliance reporting.
Establishing an in-house SOC involves significant capital expenditure and operational costs. SOC as a Service presents a cost-effective alternative, offering subscription-based models that reduce upfront investments and operational complexities. Innovations in machine learning, artificial intelligence, and security automation enhance the efficacy of SOC as a Service, enabling sophisticated threat detection, analysis, and response mechanisms.
The SOC as a service market growth is bolstered by the rising demand from wide range of industries, including finance, healthcare, retail, and government, each with unique security needs and challenges. Small and medium-sized enterprises (SMEs) represent a significant market segment, drawn to SOC as a Service for its scalability and the opportunity to attain enterprise-level security capabilities.
North America leads the market, attributed to its advanced IT infrastructure, robust regulatory environment, and heightened awareness of cybersecurity risks. However, Asia-Pacific is expected to witness rapid growth, driven by digital transformation initiatives, increasing cyber-attacks, and growing awareness of cybersecurity solutions.
Looking ahead, the SOC as a service market is set to surge, with emerging trends shaping its trajectory. The integration of advanced analytics, AI, and machine learning will further enhance threat detection and response capabilities. Additionally, the convergence of SOC as a service with cloud security and privacy-preserving technologies will address the complexities of securing cloud environments and sensitive data.
Market Segmentation
The market can be divided based on service type, application, enterprise size, industry vertical, and region.
Market Breakup by Type
- Threat Detection and Incident Response
- Managed SIEM and Log Management
- Vulnerability Scanning and Assessment
- GRC
Market Breakup by Application
- Application Security
- Network Security
- End Point Security
- Cloud Security
Market Breakup by Enterprise Size
- Small and Medium Enterprises
- Large Enterprises
Market Breakup by Industry Vertical
- Government and Public Sector
- BFSI
- IT and Telecom
- Healthcare
- Government
- Retail
- Others
Market Breakup by Region
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
Competitive Landscape
The EMR report looks into the market shares, plant turnarounds, capacities, investments, and mergers and acquisitions, among other major developments, of the leading companies operating in the global SOC as a service market. Some of the major players explored in the report by Expert Market Research are as follows:
- AT&T Inc.
- Thales SA
- AIRBUS SE
- Verizon Communications Inc.
- Cloudflare, Inc.
- Fortinet, Inc.
- Atos SE
- Arctic Wolf Networks, Inc.
- Check Point Software Technologies Ltd.
- ProSOC, Inc. (Proficio)
- Others
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*We at Expert Market Research always strive to provide you with the latest information. The numbers in the article are only indicative and may be different from the actual report.
1 Preface
2 Report Coverage - Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
6.1 Global
6.2 Regional
7 Opportunities and Challenges in the Market
8 Global SOC as a Service Market Analysis
8.1 Key Industry Highlights
8.2 Global SOC as a Service Historical Market (2018-2023)
8.3 Global SOC as a Service Market Forecast (2024-2032)
8.4 Global SOC as a Service Market by Service Type
8.4.1 Threat Detection and Incident Response
8.4.1.1 Historical Trend (2018-2023)
8.4.1.2 Forecast Trend (2024-2032)
8.4.2 Managed SIEM and Log Management
8.4.2.1 Historical Trend (2018-2023)
8.4.2.2 Forecast Trend (2024-2032)
8.4.3 Vulnerability Scanning and Assessment
8.4.3.1 Historical Trend (2018-2023)
8.4.3.2 Forecast Trend (2024-2032)
8.4.4 GRC
8.4.4.1 Historical Trend (2018-2023)
8.4.4.2 Forecast Trend (2024-2032)
8.5 Global SOC as a Service Market by Application
8.5.1 Application Security
8.5.1.1 Historical Trend (2018-2023)
8.5.1.2 Forecast Trend (2024-2032)
8.5.2 Network Security
8.5.2.1 Historical Trend (2018-2023)
8.5.2.2 Forecast Trend (2024-2032)
8.5.3 End Point Security
8.5.3.1 Historical Trend (2018-2023)
8.5.3.2 Forecast Trend (2024-2032)
8.5.4 Cloud Security
8.5.4.1 Historical Trend (2018-2023)
8.5.4.2 Forecast Trend (2024-2032)
8.6 Global SOC as a Service Market by Enterprise Size
8.6.1 Small and Medium Enterprises
8.6.1.1 Historical Trend (2018-2023)
8.6.1.2 Forecast Trend (2024-2032)
8.6.2 Large Enterprises
8.6.2.1 Historical Trend (2018-2023)
8.6.2.2 Forecast Trend (2024-2032)
8.7 Global SOC as a Service Market by Industry Vertical
8.7.1 Government and Public Sector
8.7.1.1 Historical Trend (2018-2023)
8.7.1.2 Forecast Trend (2024-2032)
8.7.2 BFSI
8.7.2.1 Historical Trend (2018-2023)
8.7.2.2 Forecast Trend (2024-2032)
8.7.3 IT and Telecom
8.7.3.1 Historical Trend (2018-2023)
8.7.3.2 Forecast Trend (2024-2032)
8.7.4 Healthcare
8.7.4.1 Historical Trend (2018-2023)
8.7.4.2 Forecast Trend (2024-2032)
8.7.5 Government
8.7.5.1 Historical Trend (2018-2023)
8.7.5.2 Forecast Trend (2024-2032)
8.7.6 Retail
8.7.6.1 Historical Trend (2018-2023)
8.7.6.2 Forecast Trend (2024-2032)
8.7.7 Others
8.8 Global SOC as a Service Market by Region
8.8.1 North America
8.8.1.1 Historical Trend (2018-2023)
8.8.1.2 Forecast Trend (2024-2032)
8.8.2 Europe
8.8.2.1 Historical Trend (2018-2023)
8.8.2.2 Forecast Trend (2024-2032)
8.8.3 Asia Pacific
8.8.3.1 Historical Trend (2018-2023)
8.8.3.2 Forecast Trend (2024-2032)
8.8.4 Latin America
8.8.4.1 Historical Trend (2018-2023)
8.8.4.2 Forecast Trend (2024-2032)
8.8.5 Middle East and Africa
8.8.5.1 Historical Trend (2018-2023)
8.8.5.2 Forecast Trend (2024-2032)
9 North America SOC as a Service Market Analysis
9.1 United States of America
9.1.1 Historical Trend (2018-2023)
9.1.2 Forecast Trend (2024-2032)
9.2 Canada
9.2.1 Historical Trend (2018-2023)
9.2.2 Forecast Trend (2024-2032)
10 Europe SOC as a Service Market Analysis
10.1 United Kingdom
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Germany
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.3 France
10.3.1 Historical Trend (2018-2023)
10.3.2 Forecast Trend (2024-2032)
10.4 Italy
10.4.1 Historical Trend (2018-2023)
10.4.2 Forecast Trend (2024-2032)
10.5 Others
11 Asia Pacific SOC as a Service Market Analysis
11.1 China
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Japan
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
11.3 India
11.3.1 Historical Trend (2018-2023)
11.3.2 Forecast Trend (2024-2032)
11.4 ASEAN
11.4.1 Historical Trend (2018-2023)
11.4.2 Forecast Trend (2024-2032)
11.5 Australia
11.5.1 Historical Trend (2018-2023)
11.5.2 Forecast Trend (2024-2032)
11.6 Others
12 Latin America SOC as a Service Market Analysis
12.1 Brazil
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 Argentina
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
12.3 Mexico
12.3.1 Historical Trend (2018-2023)
12.3.2 Forecast Trend (2024-2032)
12.4 Others
13 Middle East and Africa SOC as a Service Market Analysis
13.1 Saudi Arabia
13.1.1 Historical Trend (2018-2023)
13.1.2 Forecast Trend (2024-2032)
13.2 United Arab Emirates
13.2.1 Historical Trend (2018-2023)
13.2.2 Forecast Trend (2024-2032)
13.3 Nigeria
13.3.1 Historical Trend (2018-2023)
13.3.2 Forecast Trend (2024-2032)
13.4 South Africa
13.4.1 Historical Trend (2018-2023)
13.4.2 Forecast Trend (2024-2032)
13.5 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter's Five Forces Analysis
14.2.1 Supplier's Power
14.2.2 Buyer's Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Competitive Landscape
15.1 Market Structure
15.2 Company Profiles
15.2.1 AT&T Inc.
15.2.1.1 Company Overview
15.2.1.2 Product Portfolio
15.2.1.3 Demographic Reach and Achievements
15.2.1.4 Certifications
15.2.2 Thales SA
15.2.2.1 Company Overview
15.2.2.2 Product Portfolio
15.2.2.3 Demographic Reach and Achievements
15.2.2.4 Certifications
15.2.3 AIRBUS SE
15.2.3.1 Company Overview
15.2.3.2 Product Portfolio
15.2.3.3 Demographic Reach and Achievements
15.2.3.4 Certifications
15.2.4 Verizon Communications Inc.
15.2.4.1 Company Overview
15.2.4.2 Product Portfolio
15.2.4.3 Demographic Reach and Achievements
15.2.4.4 Certifications
15.2.5 Cloudflare, Inc.
15.2.5.1 Company Overview
15.2.5.2 Product Portfolio
15.2.5.3 Demographic Reach and Achievements
15.2.5.4 Certifications
15.2.6 Fortinet, Inc.
15.2.6.1 Company Overview
15.2.6.2 Product Portfolio
15.2.6.3 Demographic Reach and Achievements
15.2.6.4 Certifications
15.2.7 Atos SE
15.2.7.1 Company Overview
15.2.7.2 Product Portfolio
15.2.7.3 Demographic Reach and Achievements
15.2.7.4 Certifications
15.2.8 Arctic Wolf Networks, Inc.
15.2.8.1 Company Overview
15.2.8.2 Product Portfolio
15.2.8.3 Demographic Reach and Achievements
15.2.8.4 Certifications
15.2.9 Check Point Software Technologies Ltd.
15.2.9.1 Company Overview
15.2.9.2 Product Portfolio
15.2.9.3 Demographic Reach and Achievements
15.2.9.4 Certifications
15.2.10 ProSOC, Inc. (Proficio)
15.2.10.1 Company Overview
15.2.10.2 Product Portfolio
15.2.10.3 Demographic Reach and Achievements
15.2.10.4 Certifications
15.2.11 Others
16 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global SOC as a Service Market: Key Industry Highlights, 2018 and 2032
2. Global SOC as a Service Historical Market: Breakup by Service Type (USD Billion), 2018-2023
3. Global SOC as a Service Market Forecast: Breakup by Service Type (USD Billion), 2024-2032
4. Global SOC as a Service Historical Market: Breakup by Application (USD Billion), 2018-2023
5. Global SOC as a Service Market Forecast: Breakup by Application (USD Billion), 2024-2032
6. Global SOC as a Service Historical Market: Breakup by Enterprise Size (USD Billion), 2018-2023
7. Global SOC as a Service Market Forecast: Breakup by Enterprise Size (USD Billion), 2024-2032
8. Global SOC as a Service Historical Market: Breakup by Industry Vertical (USD Billion), 2018-2023
9. Global SOC as a Service Market Forecast: Breakup by Industry Vertical (USD Billion), 2024-2032
10. Global SOC as a Service Historical Market: Breakup by Region (USD Billion), 2018-2023
11. Global SOC as a Service Market Forecast: Breakup by Region (USD Billion), 2024-2032
12. North America SOC as a Service Historical Market: Breakup by Country (USD Billion), 2018-2023
13. North America SOC as a Service Market Forecast: Breakup by Country (USD Billion), 2024-2032
14. Europe SOC as a Service Historical Market: Breakup by Country (USD Billion), 2018-2023
15. Europe SOC as a Service Market Forecast: Breakup by Country (USD Billion), 2024-2032
16. Asia Pacific SOC as a Service Historical Market: Breakup by Country (USD Billion), 2018-2023
17. Asia Pacific SOC as a Service Market Forecast: Breakup by Country (USD Billion), 2024-2032
18. Latin America SOC as a Service Historical Market: Breakup by Country (USD Billion), 2018-2023
19. Latin America SOC as a Service Market Forecast: Breakup by Country (USD Billion), 2024-2032
20. Middle East and Africa SOC as a Service Historical Market: Breakup by Country (USD Billion), 2018-2023
21. Middle East and Africa SOC as a Service Market Forecast: Breakup by Country (USD Billion), 2024-2032
22. Global SOC as a Service Market Structure
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