Security Operations Center as a Service (SOCaaS) market Report 2024 by Delvens offers comprehensive market insights, empowering businesses with a competitive edge. It includes detailed estimates for numerous segments and sub-segments, providing valuable strategic guidance.
The global Security Operations Center as a Service (SOCaaS) market size was estimated at USD 6.4 billion in 2023 and is projected to reach USD 13.4 billion in 2030 at a CAGR of 11.2% during the forecast period 2024-2030.
Get Free Sample Report: https://www.delvens.com/get-free-sample/security-operations-centre-as-a-service-socaas-market
The Security Operation Center (SOC) as a service market is witnessing significant growth, driven by the escalating frequency and sophistication of cyberattacks. Businesses worldwide are increasingly turning to SOC solutions to bolster their cybersecurity defenses, particularly in light of the rising number of data breaches and cyber threats. According to a survey by the UK Government, 40% of micro and small businesses in the UK experienced cyberattacks in 2023, with phishing being the most common, followed by more advanced threats such as malware and ransomware.
Delvens Industry Expert's Standpoint
The rise of AI-driven SOC services marks a transformative shift in the cybersecurity landscape, particularly in threat detection and response capabilities. By harnessing advanced Artificial Intelligence (AI) algorithms, these services enable real-time analysis of extensive data sets to swiftly identify and mitigate cyber threats. For example, Vectra AI's collaboration with Neutron Engineering underscores the integration of cutting-edge cyber detection tools with expert service delivery, enhancing proactive cybersecurity measures for businesses. As remote work models become increasingly prevalent, the attack surface for cyber threats has expanded significantly.
Competitive Landscape
· Ntt
· Verizon
· Lumen Technology
· Atos
· Fortinet
· Thales
· Kaseya
· Cloudflare
· At&T Cybersecurity Inc.
· Arctic Wolf
· Trustwave
· Proficio
· Airbus
· Connectwise
· Clearnetwork, Inc.
· Esec Forte
· Cybersafe Solutions
· Teceze
· Netsurion
· Foresite Cybersecurity
· Ascend Technologies and More
Get Detailed Insightful: https://www.delvens.com/report/security-operations-centre-as-a-service-socaas-market
Moreover, the proactive nature of AI-driven SOC services empowers organizations to pre-emptively address vulnerabilities and respond swiftly to emerging threats, bolstering their overall cyber resilience. This strategic approach not only enhances operational security but also aligns with regulatory compliance requirements and industry best practices. As businesses prioritize proactive cybersecurity investments, the market for AI-driven SOC services is poised for substantial growth, catering to the evolving cybersecurity needs of modern enterprises.
The Security Operations Center as a Service (SOCaaS) Market is segmented into various segments such as Threat type, Service type, offering, organization size, Application, Industry Vertical and Region:
· Based on Service type
· Prevention service
· Detection service
· Incident response service
Based on organization size
· Large enterprises
· SMEs
Based on Industry Vertical
· BFSI
· Healthcare
· Government
· Manufacturing
· Energy & utilities
· IT & telecom
· Transportation & logistics
· Others
North America to Dominate the Market
· North America maintains its leadership in the SOC as a Service (SOCaaS) market due to several key factors. It benefits from a robust presence of major industry players, frequent cyberattacks, rapid adoption of cloud technologies, and stringent regulatory requirements. This combination underscores North America's vulnerability to cyber threats, driving demand for SOCaaS to ensure vigilant monitoring and protection of critical infrastructure and sensitive data. The region's proactive approach to compliance further enhances its position as a leading market player, with organizations leveraging SOCaaS to meet rigorous security standards.
· In Asia Pacific, rapid growth in the SOCaaS market is fueled by government initiatives aimed at enhancing cybersecurity across various countries. For instance, Singapore's Cyber Security Agency (CSA) is issuing licenses to cyber security service providers to elevate service standards and protect consumer interests. This regulatory support and increasing cybersecurity awareness are driving significant revenue growth in the region's SOCaaS market, making it a dynamic growth area.
Recent Developments
In June 2023, AT&T France partnered with Vertek from the US to launch Unified Security Management (USM) Anywhere services aimed at enterprises. This collaboration integrates Vertek's advanced Security Operations Center (SOC), offering proactive and predictive threat detection and mitigation services. Leveraging AT&T Cybersecurity's platform, the SOC services include real-time intrusion detection, continuous monitoring, rapid response capabilities, vulnerability scanning, behavioral monitoring, as well as Security Information and Event Management (SIEM) and log management.
In April 2022, NTT Communications (Japan) launched "OsecT," a cloud-based security service aimed at SMEs that focuses on visualizing and identifying security risks within factory production line control systems. The service enhances risk visibility and promptly identifies anomalies, aligning closely with the objectives of Security Operations Center as a Service (SOCaaS).
Access Full Report: https://www.delvens.com/report/security-operations-centre-as-a-service-socaas-market
In addition to the market data for the Security Operations Center as a Service (SOCaaS) Market, Delvens offers client-centric reports customized according to the company’s specific demand and requirements.
More Reports from Delvens:
Digital Imaging Market size was estimated at USD 21.34 billion in 2023 and is projected to reach USD 34.86 billion in 2030 at a CAGR of 7.26% during the forecast period 2023-2030.
Electric Vehicle (EV) High-Speed Position Sensors Market size was estimated at USD 13.3 billion in 2023 and is projected to reach USD 34.9 billion in 2030 at a CAGR of 14.8% during the forecast period 2023-2030.
About Us:
Delvens is a strategic advisory and consulting company headquartered in New Delhi, India. The company holds expertise in providing syndicated research reports, customized research reports and consulting services. Delvens qualitative and quantitative data is highly utilized by each level from niche to major markets, serving more than 1K prominent companies by assuring to provide the information on country, regional and global business environment. We have a database for more than 45 industries in more than 115+ major countries globally.
Delvens database assists the clients by providing in-depth information in crucial business decisions. Delvens offers significant facts and figures across various industries namely Healthcare, IT & Telecom, Chemicals & Materials, Semiconductor & Electronics, Energy, Pharmaceutical, Consumer Goods & Services, Food & Beverages. Our company provides an exhaustive and comprehensive understanding of the business environment.
Contact us:
UNIT NO. 2126, TOWER B,
21ST FLOOR ALPHATHUM
SECTOR 90 NOIDA 201305, IN
+44-20-3290-6466
+1 214-377-1144
