What is SOC as a Service?
SOC as a service is a subscription or software based service which monitors and manages enterprises logs, device, clouds, network, and assets for internal IT teams. The services are provided remotely by a third-party team and offer 24/7 monitoring without having to invest a lot of money in security hardware. Moreover, with SOC-as-a-service companies get the kind of protection that stand-alone hardware security systems are unable to offer. It uses the machine and human elements to analyze millions of events in real time. It also offers advanced intelligence gathering, threat assessment, planning, and awareness training.
Attributes | Details |
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Study Period | 2017-2027 |
Base Year | 2021 |
Largest Market | North America |
Unit | Value (USD Million) |
Key Companies Profiled | AlienVault (United States), BlackStratus (United States), Cygilant (United States), Thales e-Security (United States), Alert Logic (United States), Proficio (United States), Netmagic Solutions (India), Arctic Wolf Networks (United States), AQM Technologies (India) and ESDS Software Solution (India) |
CAGR | 25.1% |
The study covers a detailed analysis segmented by key business segments i.e. , by application (Network Security, Endpoint Security, Application Security, Database Security and Others) and major geographies. Research Analyst at AMA predicts that United States, Indian Players will contribute to the maximum growth of Global SOC as a Service market throughout the predicted period.
The competition is expected to become even more intense in the years to come due to the entry of several new players in the market. To help clients improve their revenue shares in the market, this research study provides an in-depth analysis of the markets competitive landscape and offers information on the products offered by various leading companies. Additionally, this SOC as a Service market report suggests strategies that Players can follow and highlights key areas they should focus on, in order to take maximum benefits of growth opportunities.
The report offers several leading Players, some of them are AlienVault (United States), BlackStratus (United States), Cygilant (United States), Thales e-Security (United States), Alert Logic (United States), Proficio (United States), Netmagic Solutions (India), Arctic Wolf Networks (United States), AQM Technologies (India) and ESDS Software Solution (India).
Market Overview:
On 12 Feb 2019, Arctic Wolf Networks, the SOC-as-a-service company, has announced a partnership with Ingram Micro. The partnership is expected to strengthen SOC-as-a-service as well as taking the company to the next level.
Influencing Trend:
Shifting To Co-Managed Operations in Partnership with MSSPs and Other Third-Party Vendors to Overcome a Global Shortage of Cybersecurity Talent and Rapidly Adopting Security Orchestration, Automation and Response (SOAR) Solutions
Market Growth Drivers:
Cumbersome Administration after Threat Detection and Exponential Rise and Sophistication of Cyber-Attacks
Challenges:
Scarcity of Skilled Cybersecurity Professionals among the Enterprises
Restraints:
Uncertainty of Organizations about Cloud-Based Security Services
Opportunities:
Increase in the Adoption of Cloud-Based Solutions across Small Medium Enterprises, A mandate to Follow Regulatory and Data Protection Directives for Cyber Defense and Leveraging Machine Learning, Artificial Intelligence and Blockchain Technologies for Cyber Defense
Key highlights of the Global SOC as a Service market Study:
CAGR of the market during the forecast period 2021-2027
In-depth information on growth factors that will accelerate the SOC as a Service market in next few years.
Detailed Insights on futuristic trends and changing consumer behavior
Forecast of the Global SOC as a Service market size and its contribution to the parent market by type, application and by country.
A broad view of customer demand
Uncover markets competitive landscape and in-depth information on various Players
Comprehensive information about factors that will challenge the growth of SOC as a Service Players
Transformation and Important Triggers:
Business transformation has taken hold across the broad corporate landscape due to the confluence of several important triggers, including:
A tipping point in globalization
A major slowdown in Western economies
Significant shifts in technology and cost structure
The challenges of regulatory compliance
New forms of competition developing
Research Methodology:
The top-down and bottom-up approaches are used to estimate and validate the size of the Global SOC as a Service market.
In order to reach an exhaustive list of functional and relevant players, various industry classification standards are closely followed such as NAICS, ICB, and SIC to penetrate deep into important geographies by players, and a thorough validation test is conducted to reach the most relevant players for survey in SOC as a Service market.
In order to make a priority list sorting is done based on revenue generated based on the latest reporting, using paid databases such as Factiva, Bloomberg, etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment> by targeting key target audience that includes SOC as a Service Providers, Technology Investors, Research & Consulting Firms, Regulatory Bodies, Government Bodies, End Users and Others.
This helps us to gather the data for the players revenue, operating cycle and expense, profit along with product or service growth, etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that include Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, Annual reports, press releases, etc.