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The SOC as a service market size is valued to increase USD 4.75 billion, at a CAGR of 14.5% from 2024 to 2029. Rising bring-your-own-device and work-from-home model will drive the SOC as a service market.
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The soc as a service industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in "USD million" for the period 2025-2029, as well as historical data from 2019-2023 for the following segments.
The large enterprises segment is estimated to witness significant growth during the forecast period.
In the dynamic and ever-evolving the market, various security solutions are gaining traction to fortify businesses against cyber threats. Red teaming, web application firewalls, and security awareness training are among the essential services that have seen significant adoption, with a reported 25% of organizations investing in these solutions in 2021. Furthermore, software-defined perimeters, incident response platforms, and compliance automation have experienced a 20% rise in demand. Zero trust security, network security monitoring, threat modeling, multi-factor authentication, intrusion prevention systems, security analytics, intrusion detection systems, vulnerability scanning, business continuity planning, data loss prevention, log management systems, data encryption, privileged access management, threat intelligence platforms, access control lists, risk assessment tools, disaster recovery, penetration testing, vulnerability management systems, and security automation are other vital services that businesses are increasingly adopting.
The Large enterprises segment was valued at USD 1.88 billion in 2019 and showed a gradual increase during the forecast period.
These solutions have shown a remarkable 18% increase in implementation in the past year. Looking ahead, the future of the market is promising, with large enterprises continuing to dominate the segment. By 2026, it is projected that 35% of large enterprises will have adopted SOC as a Service solutions, driven by the increasing complexity of their IT infrastructure and the need for advanced threat detection and response capabilities. Additionally, small and medium-sized businesses (SMBs) are expected to witness a 22% growth in SOC as a Service adoption by 2026, as they seek to enhance their cybersecurity posture and protect their valuable data.
North America is estimated to contribute 40% to the growth of the global market during the forecast period. Technavio's analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.
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The North American market dominates with the largest number of security operation centers due to a significant number of data breaches and cyberattacks in the region. With the increasing usage of cloud-based applications, technologies, and platforms, the demand for robust security measures is escalating, as they store sensitive consumer and business information. National governments are allocating specific budgets to promote these solutions.
According to recent reports, over 60% of North American businesses have experienced a cyberattack, and this trend is expected to continue. Furthermore, the number of cybersecurity job openings in the US alone is projected to reach 3.5 million by 2021. These statistics underscore the pressing need for SOC as a Service solutions in the region.
Our researchers analyzed the data with 2024 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.
The Soc as a Service (SOCaaS) market has experienced significant growth in recent years, with businesses increasingly turning to Managed Security Service Providers (MSSPs) for outsourced security operations center (SOC) services. SOCaaS pricing models vary, with some providers offering tiered pricing based on the number of security events or incidents, while others charge a flat fee or a percentage of an organization's security budget. When evaluating SOCaaS offerings, it's essential to consider features comparison, integration challenges, compliance certifications, automation capabilities, incident response times, threat detection accuracy, reporting and analytics, scalability and flexibility, company selection criteria, contract negotiation, cost optimization strategies, security best practices, team collaboration, technology stack, company management, risk mitigation strategies, and disaster recovery planning.
For instance, according to a recent study, the average incident response time for SOCaaS providers was 15 minutes, while in-house SOCs took an average of 30 minutes to respond. Furthermore, SOCaaS providers with advanced automation capabilities had a threat detection accuracy of 98%, compared to 85% for in-house SOCs. These statistics highlight the value that SOCaaS providers can bring to the table in terms of faster response times and higher threat detection accuracy. When selecting a SOCaaS company, it's crucial to consider their technology stack, compliance certifications, and risk mitigation strategies. For instance, a company with a robust technology stack that includes advanced threat intelligence and machine learning capabilities can provide more effective threat detection and response.
Additionally, a company with multiple compliance certifications, such as SOC 2, ISO 27001, and PCI DSS, demonstrates a commitment to security best practices and regulatory compliance. In negotiating a SOCaaS contract, it's essential to consider cost optimization strategies such as tiered pricing, volume discounts, and long-term commitments. Additionally, it's crucial to establish clear service level agreements (SLAs) for incident response times, threat detection accuracy, and reporting and analytics. By taking a strategic approach to SOCaaS company selection and contract negotiation, organizations can effectively mitigate risks and optimize their security posture.
The soc as a service market forecasting report includes the adoption lifecycle of the market, covering from the innovator's stage to the laggard's stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the soc as a service market report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their market growth analysis strategies.
Customer Landscape of SOC As A Service Industry
Companies are implementing various strategies, such as strategic alliances, SOC as a service market forecast, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the industry.
Arctic Wolf Networks Inc. - The SOC as a Service model, exemplified by Arctic Wolf, offers businesses continuous threat monitoring, advanced AI-driven detection, and personalized security services, ensuring robust cybersecurity defenses around the clock.
The industry research and growth report includes detailed analyses of the competitive landscape of the market and information about key companies, including:
Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key industry players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.
Dive into Technavio's robust research methodology, blending expert interviews, extensive data synthesis, and validated models for unparalleled SOC As A Service Market insights. See full methodology.
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Market Scope |
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Report Coverage |
Details |
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Page number |
206 |
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Base year |
2024 |
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Historic period |
2019-2023 |
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Forecast period |
2025-2029 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 14.5% |
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Market growth 2025-2029 |
USD 4749.4 million |
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Market structure |
Fragmented |
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YoY growth 2024-2025(%) |
12.5 |
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Key countries |
US, Canada, UK, China, Germany, France, India, Japan, Italy, and Spain |
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Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
What is the expected growth of the SOC As A Service Market between 2025 and 2029?
USD 4.75 billion, at a CAGR of 14.5%
What segmentation does the market report cover?
The report segmented by End-user (Large enterprises and SMEs), Service (Prevention services, Incident response services, and Detection services), Deployment (Cloud-based and On-premises), and Geography (North America, Europe, APAC, South America, and Middle East and Africa)
Which regions are analyzed in the report?
North America, Europe, APAC, South America, and Middle East and Africa
What are the key growth drivers and market challenges?
Rising bring-your-own-device and work-from-home model, Limited trust in SOC as a Service companies
Who are the major players in the SOC As A Service Market?
Key Companies Arctic Wolf Networks Inc., AT and T Inc., Atos SE, Binary Defense Systems Inc., Check Point Software Technologies Ltd., Cloudflare Inc., ConnectWise LLC, CYREBRO, eSentire Inc., Fortinet Inc., International Business Machines Corp., Kaseya Ltd., Nippon Telegraph and Telephone Corp., ProSOC Inc., SecureWorks Inc., SilverSky Inc., Suma Soft Pvt. Ltd., Tata Consultancy Services Ltd., Trustwave Holdings Inc., and Verizon Communications Inc.
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1 Executive Summary
2 Technavio Analysis
3 Market Landscape
4 Market Sizing
5 Historic Market Size
6 Qualitative Analysis
7 Five Forces Analysis
8 Market Segmentation by End-user
9 Market Segmentation by Service
10 Market Segmentation by Deployment
11 Customer Landscape
12 Geographic Landscape
13 Drivers, Challenges, and Opportunity/Restraints
14 Competitive Landscape
15 Competitive Analysis
16 Appendix
Research Framework
Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.
INFORMATION SOURCES
Primary sources
Secondary sources
DATA ANALYSIS
Data Synthesis
Data Validation
REPORT WRITING
Qualitative
Quantitative
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