Global SOC as a Service Market – Industry Trends and Forecast to 2026

  • ICT
  • Upcoming Report
  • Aug 2019
  • Global
  • 350 Pages
  • No of Tables: 220
  • No of Figures: 60

Global SOC as a Service Market By Component (Solution, Services), Service Type (Prevention Service, Detection Service, Incident Response Service), Offering Type (Fully Managed, Co-Managed/Hybrid), Application Area (Network Security, Endpoint Security, Application Security, Database Security, Others), Industry Vertical (BFSI, Government & Public Sector, IT & Telecom, Healthcare, Retail, Manufacturing, Energy & Utilities, Others), Geography (North America, Europe, Asia-Pacific, South America, Middle East and Africa) – Industry Trends and Forecast to 2026

 

Market Analysis: Global SOC as a Service Market

Global SOC as a service market is expected to rise to an estimated value of USD 1,745.23 million by 2026, registering a healthy CAGR in the forecast period of 2019-2026. This rise in market value can be attributed to the rising prevalence of cyber-threats coupled with better security services to prevent loss of confidential data.

Market Definition: Global SOC as a Service Market

SOC (Security Operations Center), as-a-service is a subscription type of software offering provided by various IT organizations. This service is responsible for continuously monitoring and managing the logs of devices, clouds, and all of the assets available with the consumer organization. This service provides all of the necessary knowledge and skillsets required to handle the necessary cyber-attacks.

Market Drivers:

  • ·         Increased threats for security of services as the intensity and complications of cyber-attacks is rising; this factor is expected to drive the growth of the market
  • ·         Complications in identifying the next procedure once the threats are detected which are made easier with this service; this factor is expected to drive the growth of the market
  • ·         Need for complying with the various regulatory bodies regarding the security of organizations is also expected to drive the growth of the market
  • ·         Growing awareness regarding the availability and effectiveness of this service is also expected to positively affect the growth of the market

Market Restraints:

  • ·         Increasing need to manage the lack of skilled professionals that are capable enough to handle the growing trend of cyber-threats; this factor is expected to restrict the growth of the market
  • ·         Concerns regarding the effectiveness of security solutions available with the cloud deployment offerings; this factor is expected to restrict the growth of the market

Segmentation: Global SOC as a Service Market

·         By Component

·         Solution

·         Services

o   Consulting

o   Training & Education

o   Support & Maintenance

·         By Service Type

·         Prevention Service

·         Detection Service

·         Incident Response Service

·         By Offering Type

·         Fully Managed

·         Co-Managed/Hybrid

·         By Application Area

·         Network Security

·         Endpoint Security

·         Application Security

·         Database Security

·         Others

·         By Industry Vertical

·         Banking, Financial Services & Insurance (BFSI)

·         Government & Public Sector

·         IT & Telecom

·         Healthcare

·         Retail

·         Manufacturing

·         Energy & Utilities

·         Others

·         By Geography

·         North America

o   U.S.

o   Canada

o   Mexico

·         Europe

o   Germany

o   Italy

o   U.K.

o   France

o   Spain

o   Netherlands

o   Belgium

o   Switzerland

o   Turkey

o   Russia

o   Rest of Europe

·         Asia-Pacific

o   Japan

o   China

o   India

o   South Korea

o   Australia

o   Singapore

o   Malaysia

o   Thailand

o   Indonesia

o   Philippines

o   Rest of Asia-Pacific

·         South America

o   Brazil

o   Argentina

o   Rest of South America

·         Middle East and Africa

o   Saudi Arabia

o   UAE

o   South Africa

o   Egypt

o   Israel

o   Rest of Middle East and Africa

Key Developments in the Market:

  • ·         In February 2019, AT&T Cybersecurity was established as a standalone operational division after AT&T Cybersecurity Consulting had acquired AlienVault. This acquisition will result in better security capabilities that will be provided as an automated threat detection service
  • ·         In February 2019, Arctic Wolf Networks Inc. announced that they had agreed a distribution deal with Ingram Micro Inc. This deal will result in availability of all the solutions available with Artic Wolf to the distributor’s large-scale network established in the United States region. This agreement is one of a strategic decision undertaken by the company to establish themselves as the leader of providing security solutions to different organizations, resulting in better revenue generations

Competitive Analysis

Global SOC as a service market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of SOC as a service market for global, Europe, North America, Asia-Pacific, South America and Middle East & Africa.

Major Market Competitors/Players

Few of the major competitors currently working in the global SOC as a service market are AT&T Intellectual Property; BlackStratus; Cygilant, Inc.; Thales Group; Alert Logic, Inc.; Proficio; Netmagic Solutions; Arctic Wolf Networks Inc.; ESDS Software Solution Pvt. Ltd.; Sumasoft; Expel, Inc.; RadarServices Smart IT-Security GmbH; StratoZen, Inc.; Binary Defense; OTELCO; Realdolmen; DELTA RISK and Comodo Security Solutions, Inc. among others.

Research Methodology: Global SOC as a Service Market

Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analysed and forecasted using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please request an analyst call or can drop down your enquiry.

The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, other data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Top to Bottom Analysis and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.

Key Insights in the report:

  • ·         Complete and distinct analysis of the market drivers and restraints
  • ·         Key market players involved in this industry
  • ·         Detailed analysis of the market segmentation
  • ·         Competitive analysis of the key players involved

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