The security operation center (SOC) as a service market is expected to grow at a CAGR of 15.7% over the forecast period from 2020 to 2025. As cyberattacks are becoming common and increasingly costlier (according to IBM’s recent estimates, the average cost of data breaches was pegged at around USD 3.86 million), the need for continuous monitoring and analysis of data becomes necessary. Further, the attacker’s dwell time (the time between initial attack and discovery of the incident) is still too long, despite the investments in security monitoring tools. According to the IBM Security report 2019, operation technology attacks surged 2000% year over year in 2019.
A full report of SOC as a Service Market is available at: https://www.orionmarketreports.com/electronic-toll-collection-market/33455/
Scope of the Report
A security operation center is a centralized unit which deals with an organization’s security issues on a technical level. Security is gaining importance in the corporate structure. A security operation center can help to secure and enable the business about attackers. It allows information security functions to respond faster, work more collaboratively, and share knowledge more effectively.
SOC as a Service Market Segments
By Subsystem
• Automated Vehicle Identification
• Automated Vehicle Classification
• Violation Enforcement System
• Transaction Processing
By Technology
• Radio-frequency Identification (RFID)
• Dedicated Short-range Communication (DSRC)
• Infrared
• GNSS & GPS
• Video Analytics
By Application
• Urban
• Highways
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Recent Developments
o Market Overview and growth analysis
o Import and Export Overview
o Volume Analysis
o Current Market Trends and Future Outlook
o Market Opportunistic and Attractive Investment Segment
