Security operations center as a service market is anticipated to grow at a significant CAGR of 14.6% during the forecast period (2024-2031).Cyber threat prevention, detection, investigation, and response are the responsibilities of a security operations center. An operations center handles potential threats to computer systems and sensitive data in addition to carrying out comprehensive network supervision for a business.The number of data breaches is rising, leading to an increased focus on the cybersecurity process.
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The volume and complexity of cyberattacks are rising quickly in emerging economies, and incident response teams are straining to find timely, skilled, and resource-rich solutions to prevent these kinds of attacks. Organizations are embracing new trends and innovations through digital transformation as a result of the unprecedented amount of security threats and dangers they face from growing workforces, clientele, and partners. IBM estimates that the average cost of a data breach in all industry verticals in 2020 was $67.7 million.
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- Market Coverage
- Market number available for – 2024-2031
- Base year- 2023
- Forecast period- 2024-2031
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill
- , and others
Market Segmentation
Global Security Operations Center (SOC) as a Service Market by Security Type
- Hardware Security Modules (HSMs)
- Trusted Execution Environment (TEE)
- Security Updates and Patch Management
- Secure Communication Protocols
Global Security Operations Center (SOC) as a Service Market by Application
- Smartphones
- Automotive
- Consumer Electronics
- Healthcare
- Telecommunication
- Others
Regional Analysis
- North America
- United States
- Canada
- Europe
- UK
- Germany
- Italy
- Spain
- France
- Rest of Europe
- Asia-Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia-Pacific
- Rest of the World
- Latin America
- The Middle East & Africa
Company Profiles
- Alert Logic Inc.
- AT&T Inc.
- Atos SE
- Broadcom Inc.
- Capgemini Services SAS
- CenturyLink Inc.
- Cloudflare
- ESDS
- FireEye Inc.
- Fortinet Inc.
- Fortra
- Fujitsu Ltd.
- Lumen Technologies Inc.
- Marvell Technology, Inc.
- NTT Security Ltd.
- SecureWorks Inc.
- STMicroelectronics
- Thales
- Trustwave Holdings Inc.
- Verizon Communications Inc.
The Report Covers
- Market value data analysis of 2023 and forecast to 2031.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global security operations center as a service market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
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