SOC as a Service Market by Component, Service Type (Prevention, Detection, & Incident Response), Offering Type (Fully Managed & Co-managed), Application Area (Network Security & Endpoint Security), Industry Vertical, and Region – Global Forecast to 2025

2020-07-30
Price :
Published : Jul-2020
No. of Pages : 359

Increasing venture capital funding and growing investments in SOC as a Service technology to drive the overall growth of the SOC as a Service market.

The SOC as a Service market is projected to grow from USD 471 million in 2020 to USD 1,656 million by 2025, at a Compound Annual Growth Rate (CAGR) of 28.6% during the forecast period. The increasing venture capital funding and growing investments in SOC as a Service technology to drive the market growth.

By component, services segment to grow at a higher cagr during the forecast period

The services include the support offered by security vendors to assist their customers in using and maintaining SOCaaS efficiently. Vendors offer different services, such as consulting, training and education, and support and maintenance. The services segment has witnessed tremendous growth in recent years. Therefore, services segment registers the highest growth rate during the forecast period.

By service type, the detection service segment to register the highest growth rate during the forecast period

The detection service provides the ability to detect fraudulent activities across enterprise networks rapidly and responds to cyber incidents quickly and effectively. It also provides reports on security-related incidents and events, and sends alerts on analyzing any malicious activity. Therefore, detection service segment holds the highest growth rate during the forecast period.

Asia Pacific to register the highest growth rate during the forecast period

Asia Pacific (APAC) has witnessed an advanced and dynamic adoption of new technologies and is expected to record the highest CAGR in the global SOC as a Service market during the forecast period. APAC constitutes major economies, such as China, Japan, Singapore, and Australia and New Zealand, which are expected to register high growth rates in the SOC as a Service market. Industries such as financial institutions, government and public sector,healthcare, retail, manufacturing, energy and utilities,and others are expected to adopt SOC as a Service solutions at the highest rate in the region. Companies operating in APAC would benefit from the flexible economic conditions, industrialization-motivated policies of the governments, as well as from the growing digitalization, which is expected to have a significant impact on the business community.

  • By Company Type: Tier 1 – 23%, Tier 2 – 27%, and Tier 3 – 50%
  • By Designation: C-level – 48%, D-level – 31%, and Others – 21%
  • By Region: North America – 28%,Europe– 26%, Asia Pacific– 30%,MEA – 10%, Latin America- 6%

Major vendors offering SOC as a Service solutions include AlienVault (US), BlackStratus (US), Cygilant (US), Thales E-security (France), Alert Logic (US), Proficio (US), Netmagic (India), Arctic Wolf Networks (US), AqmTechnologies (India), ESDS Software Solution (India), Suma Soft (India), GA Systems (Australia), Expel (US), Radar Cyber Security (Austria), Stratozen (US), Fortinet (US), Binary Defense (US).

Research Coverage

The market study covers the SOC as a Service market size across segments. It aims at estimating the market size and the growth potential of this market across different segments by component, by service type, by offering type, industry vertical, application area, and region. The study also includes an in-depth competitive analysis of the key market players, along with their company profiles, key observations related to product and business offerings, recent developments, and key market strategies.

Key Benefits of Buying the Report

The report will help the market leaders/new entrants with information on the closest approximations of the revenue numbers for the overall SOC as a Service market and its sub segments. This report will help stakeholders understand the competitive landscape and gain more insights to better position their businesses and to plan suitable go-to-market strategies. The report will also help stakeholders understand the pulse of the market and provide them with information on key market drivers, restraints, challenges, and opportunities.

Filed in: Information Technology
Publisher : marketsandmarkets
More Reports
Title Price Buy Now

Higher Education Market by Component (Solutions and Services), Solution (Student Information Management System, Content Collaboration, Data Security and Compliance, Campus Management), Deployment Type, Vertical, and Region – Global Forecast to 2025

“The global higher education market size to grow at a CAGR of 21.1% during the forecast period” MarketsandMarkets estimates the global higher education market size would grow from USD 13.7 billion in 2020 to USD 35.8 billion by 2025, at a Compound Annual Growth Rate (CAGR) of 21.1%during the forecast period. A growing number of higher education enrollments is expected to be one of the strongest factors for higher education solutions and services adoption across regions. The cloud deployment model is expected to grow at a higher CAGR during the forecast period Several institutions are majorly moving toward the adoption of the cloud deployment due to its major benefits, such as lower costs, no manpower requirements for hardware maintenance, faster and efficient results, and comp......
$4950

Business Intelligence Market by Component (Solutions and Services), Solution (Dashboards and Scorecards, Data Integration and ETL), Business Function (Finance, Operation), Industry Vertical (BFSI, Telecom and IT), and Region – Global Forecast to 2025

“The rising need to create valuable insights from unused data and embedded business intelligence solutions are expected to shape the future of the business intelligence market.” The global Business Intelligence market size to grow from USD 23.1 billion in 2020 to USD 33.3 billion by 2025, at a Compound Annual Growth Rate (CAGR) of 7.6% during the forecast period. Various factors such as the growing focus on digital transformation, rising investments in analytics, rising demand for dashboards for data visualization, increase in adoption of cloud, and increase in data generation are expected to drive the growth of the business intelligence market.The objective of the report is to define, describe, and forecast the business intelligence market size based on component, organization size......
$4950

Road Safety Market by Solution (Red Light, Speed, Bus Lane, Section Enforcement, ALPR/ANPR), Service (Consulting and Training, System Integration and Deployment, and Support and Maintenance), and Region – Global Forecast to 2025

“Rising urban population and high demographic rates, rapid motorization, increasing number of road fatalities/accidents, and government initiatives for enhancing road safety. Are some of the factors driving the road safety market” The global road safety market size is projected to grow from USD 3.0 billion in 2020 to USD 4.9 billion by 2025, at a Compound Annual Growth Rate (CAGR) of 9.3% during the forecast period. Rising urban population and high demographic rates, rapid motorization, increasing number of road fatalities/accidents, and government initiatives for enhancing road safety are projected to drive the growth of the market across the globe. However, lack of standardization and uniformity in road safety solutions is expected to restrict the growth of the market across the g......
$7150

Real-Time Location Systems Market (RTLS) with COVID-19 Impact Analysis by Offering (Hardware, Software, Services), Technology, Vertical (Healthcare, Manufacturing, Retail, Education, Govt., Sports), Application/Use case, Geography- Global Forecast to 2025

Increasing regulations in various industries to improve safety, work flow, and security drives market growth The real-time location systems (RTLS) market is expected to grow at a CAGR of 24.8% from 2020 to 2025, to reach USD 10.3 billion by 2025 from USD 3.4 billion in 2020. Availability of cost-effective RTLS solutions;increasing regulations in various industries to improve safety, workflow, and security; and increasing popularity of ultra-wideb and technology-based RTLS solutions are few of the key driving factors for the RTLS market growth. However,concerns regarding data security and privacy, and hindrance in RTLS supply chain due to COVID-19are a few of the factors hindering the growth of the RTLS market. Healthcare vertical to dominate RTLS market, in terms of size,during the f......
$4950

EdTech and Smart Classroom Market by Hardware (Interactive Displays, Interactive Projectors), System (LMS, SIS, TMS), Technology (Gamification, Analytics, Advanced Technology), and Region – Global Forecast to 2025

Increasing adoption of cloud based EdTech solutions to drive the EdTech and smart classroom market The global EdTech and smart classroom market size is expected to grow from USD 85.8 billion in 2020 to USD 181.3 billion by 2025, at a Compound Annual Growth Rate (CAGR) of 16.1% during the forecast period. The major factors driving the growth of the EdTech and smart classroom market include growing adoption of eLearning solutions, impact of COVID-19 pandemic and growing need for online teaching-learning models to continue education system in lockdown. Learning management system segment to hold the largest market share during the forecast period The LMS applications are used for the supervision, certification, tracking, and offering of eLearning applications. These systems primarily ......
$4950

IT Operations Analytics Market by Component (Solutions and Services), Solution (Log Management, Network and Security Management, Anomaly Detection), Service, Deployment Mode, Organization Size, End User, and Region – Global Forecast to 2025

“Increasing focus on adoption of cloud-based IT operations analytics (ITOA) solutions and proliferation of huge amounts of IT operations data are set to drive the ITOA market.” The global ITOA market size is projected to grow from USD 9.3 billion in 2020 to USD 45.1 billion by 2025, at a Compound Annual Growth Rate (CAGR) of 37.2% during the forecast period. The increasing focus on adoption of cloud-based ITOA solutions and proliferation of huge amounts of IT operations data are expected to drive the market growth. However, increasing complexities and dynamic nature of the IT architecture is one of the factors hindering the market growth. The objective of the report is to define, describe, and forecast the ITOA market size based on component, solutions, services, deployment mode, or......
$4950

Cloud Analytics Market by Solution (Analytics Solutions, Hosted Data Warehouse Solutions, and Cloud BI Tools), Deployment Mode (Public Cloud, Private Cloud, and Hybrid Cloud), Organization Size, Industry Vertical, and Region – Global Forecast to 2025

Increasing data connectivity through hybrid and multi-cloud environments, the cost benefits of cloud-based analytics solutions, and growing trend of digitalization and massive rise in big data to drive the growth of cloud analytics market The global cloud analytics market size is expected to grow from USD 23.2 billion in 2020 to USD 65.4 billion by 2025, at a Compound Annual Growth Rate (CAGR) of 23.0% during the forecast period. Cloud computing environments, wherein the data is remotely stored in distributed storage systems, are making it possible to quickly scale-up or scale-down the IT infrastructure. These environments are also facilitating pay-as-you-go models. This means that organizations that want to process huge quantities of data, and have large storage and processing requirem......
$4950

Network Automation Market by Network Automation Tool, Intent-Based Networking, Network Type (Physical, Virtual, and Hybrid), Service, Deployment Mode (Cloud and On-Premises), End User, Enterprise Vertical, and Region – Global Forecast to 2025

“The growth of the network automation market can be attributed to the increasing network traffic and cloud infrastructure leading to a significant transition in data centers. The network automation market size is projected to grow from USD 2.9 billion in 2020 to USD 8.9 billion by 2025, at a Compound Annual Growth Rate (CAGR) of 24.8% during the forecast period. The major factors driving the growth of the network automation market include increasing network traffic and cloud infrastructure leading to a significant transition in data centers, increasing adoption of connected devices, increasing adoption of automation technologies such as AI and machine learning, rising adoption of virtual and software-defined infrastructure, and surge in human error rates in manual systems causing netw......
$4950

Smart City Platforms Market by Offering (Platforms (Connectivity Management Platform, Integration Platform, Device Management Platform, Security Platform, and Data Management Platform) and Services), Delivery Model, and Region – Global Forecast to 2025

Increase in demand for platform providers is one of the major factors expected to drive the growth of the smart city platforms market The global smart city platforms market size is expected to grow from USD 138.7 billion in 2020 to USD 236.0 billion by 2025, at a Compound Annual Growth Rate (CAGR) of 11.2% during the forecast period.A huge opportunity for platform provider vendors is available due to the implementation of integrated Internet of Things (IoT) solutions in a smart city. These IoT solutions have various segments, such as hardware, software, and cloud security services. Presently, platform providers have to install, manage, and maintain technological solutions provided for smart cities in an integrated platform on a regular basis. Platform providers act as intermediaries fo......
$4950

Smart Money Investing in the Technology Sector – Q2 2020

Smart Money Investing in the Technology Sector - Q2 2020 Summary GlobalData's Smart Money Investing in the Technology Sector - Q2 2020 report provides detailed analysis of investment activities in the technology sector globally during the second quarter of 2020. The report provides comprehensive coverage of investment activities including mergers, acquisitions, venture financing and private equity, both in terms of deal value and volume. It also provides a global snapshot of investment trends across sectors including hardware, software, and IT services, and information on best practices followed by market participants, in the form of case studies. Scope This technology trends tracking report provides an insights into investment activities in the technology industry across the world in......
$750
We use cookies to deliver the best possible experience on our website.
By continuing to use this site, or closing this box, you consent to our use of cookies. To learn more, visit our Privacy Policy