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

Conversational AI Market by Component (Platform and Services), Type (IVA and Chatbots), Technology (ML and Deep Learning, NLP, and ASR), Application, Deployment Mode (Cloud and On-premises), Vertical, and Region – Global Forecast to 2025

Increasing demand for AI-powered customer support services, omnichannel deployment, and reduced chatbot development costto drive the growth of Conversational AI market The global Conversational Ai market size is expected to grow from 4.8 billion in 2020 to USD 13.9 billion by 2025, at a Compound Annual Growth Rate (CAGR) of 21.9% during the forecast period. The upcoming trend of customer engagement through social media platforms and increasing integration of advanced AI capabilities are the major factors adding value to the conversational AI offerings, which is expected to provide opportunities for enterprises operating in various verticals in the conversational AI market. The lack of accuracy in chat bots and virtual assistants is a major challenge in the conversational AI market. More......
$4950

Biometric-as-a-Service Market by Offering, Solution (Fingerprint Recognition, Iris Recognition, Voice Recognition, Palm & Vein Recognition), Trait (Physiological, Behavioral), Modality, Organization Size, Vertical, Region-Global Forecast to 2025

The global post-COVID-19 biometric-as-a-service market size to grow at a Compound Annual Growth Rate (CAGR) of 19.7% during the forecast period MarketsandMarkets forecasts the global pre-COVID-19 biometric-as-a-service market size to grow from USD 1.5 billion in 2020 to USD 3.7 billion by 2025, at a Compound Annual Growth Rate (CAGR) of 19.7% and post-COVID-19 market size is expected to grow from USD 1.4 billion to USD 3.6 billion at a CAGR of 19.7%during 2020–2025.The major growth drivers for the market include increasing users and data-security initiatives by government, growing usage of mobile devices, and rising demand for robust fraud detection and prevention systems.However, low cybersecurity budget of organizations and high installation costs may restrain the market growth. ......
$4950

Network Security Firewall Market by Component, Solution (Signaling Firewall (SS7 and Diameter Firewall) and SMS Firewall (A2P and P2A Messaging)), Service (Professional Services and Managed Services), Deployment, and Region – Global Forecast to 2025

The global network security firewall market size is expected to grow from USD 3.8 billion in 2020 to USD 10.5 billion by 2025, at a CAGR of 22.9% during the forecast period.Due to the growing momentum of interconnected devices, the risk of security breach increased as the fraudsters found alternatives such as SMS SPAMs and SMS fraud through grey routes to exploit personal information over the organization’s network.Real-time streaming analysis and filtering of SS7 vulnerabilities have been major components of network security firewall and firewall developers are using fraud detection techniques to monitor the traffic behavior of the network. Telecom organizations use network security firewall tools to dynamically extract traffic patterns from the packets transmitted as well as received a......
$4950

Supply Chain Analytics Market by Component, Software (Supplier Performance Analytics, Demand Analysis and Forecasting, and Inventory Analytics), Services, Deployment Model, Organization Size, Industry Vertical, and Region – Global Forecast to 2025

Increasing volume and velocity of data to drive the growth of the market MarketsandMarkets estimates the global supply chain analytics market size to grow from USD 3.5 billion in 2020 to USD 8.8 billion by 2025, at a Compound Annual Growth Rate (CAGR) of 19.8% during the forecast period. The need for precise demand forecasting and analysis tools and adequate efficiencies across the total supply chain process is propelling the growth of the supply chain and analytics industry. However, the lack of skilled personnel would limit the growth of the market. Need to analyze demand patterns, develop effective production plans, and improve forecast accuracy to drive the adoption of demand analysis and forecasting software solutions Supply chain analytics software helps business organizatio......
$4950

Asset Management System Market With Covid-19 Impact by Solution (GPS, RFID, RTLS, Barcode), Asset Type (Electronic Assets, Returnable Transport Assets, In-Transit Equipment, Manufacturing Assets, Staff), Industry, Geography – Global Forecast to 2025

“The Asset Management System Market is projected to grow at a significant rate from 2020 to 2025. The Asset Management System Market is projected to grow from USD 16.8 billion in 2020 to USD 27.4 billion by 2025; it is expected to grow at a CAGR of 10.3% from 2020 to 2025. The growth of the asset management system market is driven by reduced equipment downtime and optimum resource utilization requirements of enterprises. COVID-19 has emerged as a global pandemic that has spread across 215 countries worldwide and disrupted various industries around the world. The prominent players across industries have been affected by this pandemic. The foreseeable decline in the growth of end-user industries may have a considerable direct impact on the asset management system market.  “The ......
$4950

Digital Transformation Market by Technology (Cloud Computing, Big Data and Analytics, Mobility/Social Media, Cybersecurity, Artificial Intelligence), Deployment Type, Vertical (BFSI, Retail, Education), and Region – Global Forecast to 2025

The global digital transformation market size is projected to grow at a CAGR of 16.5% during the forecast period The global digital transformation market size is expected to grow from USD 469.8 billion in 2020 to USD 1009.8 billion by 2025, at a Compound Annual Growth Rate (CAGR) of 16.5% during the forecast period. The digital transformation industry is driven increasing penetration of IoT and adoption of cloud services.However, the increasing penetration of mobile devices and apps further contributes to the growth of the digital transformation market. AI segment to grow at a higher CAGR during the forecast period The digital transformation market based on technology is segmented into cloud computing, AI, big data and analytics, mobility/social media, cybersecurity, IoT, and othe......
$4950

IoT Middleware Market by Platform Type (Device, Application, and Connectivity Management), Organization Size (Large Enterprises and SMES), Vertical (Manufacturing, Government & Defense, Automotive & Transportation), and Region – Global Forecast to 2025

 “Increasing focus on remote monitoring for the work from home from home initiatives are sewt to drive the IoT middleware market.” The global IoT middleware market size is projected to grow from USD 10.1 billion in 2020 to USD 25.0 billion by 2025, at a Compound Annual Growth Rate (CAGR) of 19.7% during the forecast period. The increase in adoption of cloud and evolution of high-speed network technologies will lead to a broader base of individuals interested in purchasing IoT devices. Growing need for centralized monitoring, is also expected to drive the market growth. However,absence of IoT standards and lack of interoperability is one of the factors hindering the market growth. The objective of the report is to define, describe, and forecast the IoT middleware market size based o......
$7150

Data Governance Market by Component, Deployment Model, Organisation Size, Application (Risk Management, Incident Management, and Compliance Management), Vertical (Manufacturing, Healthcare and BFSI), and Region – Global Forecast to 2025

The global data governance market size is projected to grow at a CAGR of 22.3% during the forecast period The data governance market size is estimated to be USD 2.1 billion in 2020 and is expected to reach USD 5.7 billion by 2025, growing at a Compound Annual Growth Rate (CAGR) of 22.3% during the forecast period.  The rapidly increasing growth in data volumes, rising regulatory and compliance mandates, and enhancing strategic risk management and decision-making with the increasing business collaborations are expected topropel the growth of the data governance market. Compliance management application segment to grow at a higher CAGR during the forecast period Among various applications, the compliance management application segment is expected to grow at the fastest rate, due to......
$4950

Customer Experience Management Market by Component (Solutions, Services) Touchpoint, Deployment Type, Organization Size, Vertical (IT and Telecom, BFSI, Retail, Healthcare, Media and Entertainment), and Region – Global Forecast to 2025

Increasing necessity to improve customer engagement and reduce customer churn rate due to growing competition to drive the market for customer experience management The customer experience management market is projected to grow from USD 8.5 billion in 2020 to USD 14.9 billion by 2025, at a CAGR of 11.8% from 2020 to 2025.The increasing need forimproving customer engagement and reducing customer churn rates due to growing competition has led organizations to deploy advanced customer experience solutions. However, Difficulty in getting consistent CX feedback through all channels, and data security and privacy concerns are considered to pose challenges to the growth of the customer experience management market. By component, the solutions segment to account for alargermarket share durin......
$7150

Location-Based Services (LBS) and Real-Time Location Systems (RTLS) Market by Component (Platform, Services and Hardware), Location Type (Indoor and Outdoor), Application, Vertical, Region – Global Forecast to 2025

Various applications of geospatial data to drivethe LBS and RTLS market growth MarketsandMarkets projects the Location-Based Services (LBS) and Real-Time Location Systems (RTLS) market to grow from USD 17.8 billion in 2020 to USD 39.2 billion by 2025, at a Compound Annual Growth Rate (CAGR) of 17.1% from 2020 to 2025.Generally, spatial data represents the location, size and shape of objects present on Earth, such as a buildings, lakes, mountains, or townships. It is considered that spatial data and analysis is extremely essential for companies to understand changing business trends and challenges across regions, which significantly drives market growth. The processing time in decision-making is often long, leading to flawed assumptions, which limits the applicability of information. The......
$7150
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