Global Security Operations Centre as a Service Market - By Component (Solutions and Services); By Service Type (Prevention Service, Detection Service and Incident Response Service); By Offering (Fully Managed and Co-managed/Hybrid); By Application Area (Network Security, End-point Security, Application Security, Database Security and Others); By End-users (BFSI, Government & Public Sector, IT & Telecom, Healthcare, Retail, Manufacturing, Energy & Utilities and Others); and Region – Analysis of Market Size, Shares & Trends for 2016-2019 and Forecasts to 2030
- Report Code : FAT1980329
- Published On: Aug, 2020
- Category : IT & Telecom
- Pages : 150
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Market Overview
Global SOC as a service market is anticipated to exceed USD 1,765 million by 2030 from USD 731 million in 2019 at a CAGR of 19.15% throughout the forecast period i.e. 2020-2030. The market is anticipated to grow on the back of rising trends such as BYOD, CYOD, and WFH. Growing comprehension of internet and rising need for linked devices raises possibilities of being pounced on online. With substantial growth in high-level cyber-attacks, the need for SOC as a service (Security Operations Centre) has amplified immensely.
Global SOC as a Service Market: Segments
The Solutions segment to grow with the fastest CAGR of xx% during 2020-2030
Global SOC as a service market is segmented by Component into Solutions and Services. Among these, the solutions segment is estimated to hold the largest market share of xx% in 2019. SOC as a service trader assists industries in offering the required knowledge, awareness, and hazard contextual to comprehend risks to its surrounding and respond suitably. The solution assists organizations in recognizing the ongoing security bearing of their information programs and infrastructure, and fight against cybersecurity threats. Thus, industries are implementing SOC as a service solution to achieve their business sensitive applications.
Global SOC as a Service Market: Drivers and Restraints
Driver: Rise in Trends such as BYOD< CYOD, and WFH
Initially, industries had complete power over restricting the utilization of technology among the workforce. Consequently, industries used to offer them modified laptops and cell phones strictly Set-up with custom alignments that convene company strategies. By adopting this method, industries were fruitful in upholding data reliability and also the complete security position of industries. With the introduction of digitalization and swift changes in technology, industries globally are implementing modern trends such as Bring Your Device (BYOD) and Choose Your Device (CYOD) (laptops, tablets, and smartphones) for their workforce.
Restraint
Lack of Trust among Organizations to let Full Control of System Structure to SOC as a Service Suppliers
Organizations doubt that if things go absurd between SOC as a service and institutions, SOC as a service having full power over system structure can turn out to be inconvenient for enterprises. This is one of the explanations of why enterprises are reluctant in handing complete power over their program structure to SOC as a service supplier.
Global SOC as a Service Market: Regions
Asia Pacific to surge at the highest CAGR of xx% during 2020-2030
Region-wise, the market for SOC as a service across the globe is segmented into North America, Latin America, Europe, Middle East & Africa and Asia Pacific. Among these, Asia Pacific is witnessed to constitute xx% of the total market share in the year 2019. Asia Pacific comprises of key economies, like China, Japan, Singapore, Australia and New Zealand, which are anticipated to record high growth rates in the SOC as a service market. Enterprises like financial organizations, government and public sector, healthcare, retail, manufacturing, energy and utilities, and others are estimated to implement SOC as a service solution at the maximum rate in the region. Industries functioning in Asia Pacific would gain from the supple economic circumstances, industrialization-enthused strategies of the governments, and also from the emerging digitalization, which is portrayed to have a significant impact on the business community.
Global SOC as a Service Market: Key Players
• Radar Cyber Security
o Company Overview
o Business Strategy
o Key Product Offerings
o Financial Performance
o Key Performance Indicators
o Risk Analysis
o Recent Development
o Regional Presence
o SWOT Analysis
• Thales E-Security
• Arctic Wolf Networks
• Binary Defense
• Alert Logic
• Aqm Technologies
• ESDS Software Solution
• Suma Soft
• GA Systems
• Black Stratus
The market report on global SOC as a service also contains the following in-depth analysis:
• SOC as a Service Market Segments:
o By Component
Solutions
Services
o By Service Type
Prevention Services
Detection Services
Information Response Services
o By Offering
Fully Managed
Co-managed/Hybrid
o By Application Area
Network Security
Endpoint Security
Application Security
Database Security
Others
o By End-users
BFSI
Government & Public Sector
IT & Telecom
Healthcare
Retail
Manufacturing
Energy & Utilities
Others
o By Region
North America
Latin America
Europe
Middle East & Africa
Asia Pacific
• SOC as a Service Market Dynamics
• SOC as a Service Market Size
• Supply & Demand
• Current Trends/Issues/Challenges
• Competition & Companies Involved in the Market
• Value Chain of the Market
• Market Drivers and Restraints
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With tables and figures helping analyze worldwide Global Security Operations Centre as a Service market, this research provides key statistics on the state of the industry and is a valuable source of guidance and direction for companies and individuals interested in the market.
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The Global Security Operations Centre as a Service Market has been segregated into various crucial divisions including applications, types, and regions. Each market segment is intensively studied in the report contemplating its market acceptance, worthiness, demand, and growth prospects. The segmentation analysis will help the client to customize their marketing approach to have a better command of each segment and to identify the most prospective customer base.
Report Objectives / Segmentation Covered :
By Companies / players:
By Regions:
By Type:
By Application:
Frequently asked questions(FAQ's):
It is expected that the Global Security Operations Centre as a Service Market will reach USD XX million by 2029.
The convergence of various vital triggers, including a major slowdown in Western economies, and some critical points in globalization, leads to the transformation of business in the Global Security Operations Centre as a Service Market across the extensive corporate landscape.
In this highly competitive and rapidly evolving Global Security Operations Centre as a Service Industry, top strategic priorities such as innovation, diversification, and M&A would remain consistent.
