Soc As A Service Market: to grow at a whopping rate of CAGR 30.24%

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The global Soc As A Service market size was valued at $485.23 Million in 2020 and is expected to reach $4068.27 Million by 2028 growing at the CAGR of 30.24% from 2021 to 2028.

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Global Soc As A Service Drivers:

The market is growing at a rapid pace due to the usability of SOC-as-a-Service solutions by various small, medium, and large scale enterprises across the globe. These solutions help track frequent cyber attacks which eventually end up compromising confidential data like debit/ credit card details, credit history history that may be used for fraudulent or harmful activities.

The increasing number of remote workers working remotely also act as one of the key factors for this growth as they are more prone to phishing scams thus creating potential risks for targeted attacks.

Covid-19 Scenario:

  • Impact on Market Size
  • End-User Trend, Preferences, and Budget Impact
  • Regulatory Framework/Government Policies
  • Key Players Strategy to Tackle Negative Impact
  • Opportunity Window

Global Soc As A Service Market Segments:

The global Soc As A Service market is further segmented into Service Type, Offering Type, Application, Industry Vertical, and geography.

●        By Service Type: Prevention Service, Detection Service, Incident Response Service

●        By Offering Type: Fully Managed, Co-Managed or Hybrid

●        By Application: Network Security, Endpoint Security, Application Security, Database Security, Others

●        By Industry Vertical: BFSI, Healthcare, Government and Public sector, IT and Telecom, Retail, Manufacturing, Energy and Utilities, Others

Key Region/ Countries Covered

  • North America (US, Canada, Mexico)
  • Europe (Germany, U.K., France, Italy, Russia, Rest of Europe)
  • Asia-Pacific (China, India, Japan, South Korea, Rest of Asia Pacific)
  • Rest of the World (the Middle East & Africa and South America)

Asia Pacific (APAC) is predicted to see high growth in the field of SOCaaS. Many large economies exist in this region, such as China and Singapore, and they will drive up the rate of technological adoption and innovation. The financial sector, health care industry, retail space, manufacturing units, and utilities providers will all be adopting solutions that help them stay connected to their digital infrastructure at a rapid pace during these next four years as well as future ones.

Key Players of Global Soc As A Service Market:

  • AlienVault
  • BlackStratus
  • Cygilant
  • Thales E-security
  • Alert Logic
  • Proficio
  • Netmagic
  • Arctic Wolf Networks
  • Suma Soft
  • GA Systems

 

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Key Questions Answered Through The Report:

  • The Impact of COVID-19 on the global market
  • What are the potential opportunities for new entrants in the global market
  • What is the market Size and Forecast from 2020 to 2028?
  • Key Players associated with the global Soc As A Service Market
  • Value Chain Analysis of Global Soc As A Service Market
  • What is the CAGR of the global Soc As A Service Market from 2021 to 2028
  • Major Growth Factor, Challenges, Trends, and Opportunities in the global market
  • Key outcomes of SWOT Analysis

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