SOC as a Service Market Is To Reach USD 4632.04 Million By 2028 At A CAGR Of 25.5%

Market Overview:
Global SOC as a Service Market size was valued at USD 944.64 Million in 2021, and is projected to reach USD 4632.04 Million by 2028, growing at a CAGR of 25.5 % from 2022 to 2028.

SOC as a Service is a subscription-based model that enables organizations to outsource threat detection and incident response, resulting in a world-class security operations center. The SOC as a Service model includes a co-managed model, an in-house model, and a fully managed model. Entire third-party SOC teams monitor the security network for security events, offloading internal security teams to speed detection and remediation, reduce cyber risk, and improve business agility and scalability. Provides multiple security benefits to your organization. Inexpensive. In recent years, Internet penetration has increased and the demand for connected devices has increased, increasing the risk of online attacks. Therefore, BFSI, Healthcare, IT-Telecom, and other sectors driving the market growth are in increasing demand for SOC-as-Service.

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Market Dynamics:
Driver:
Growing cases of cyber hacking among the various sectors promote the demand for SOC as a Service. This service offers various benefits such as it reduce the time of the response, minimizing the breach impact, increasing security, and they keep the business informed of the risk. Additionally, the various sectors adopt the cloud infrastructure which leads to generating a large amount of data that provides growth for SOC as a Service Market

Opportunities:
The growing launching of advanced by key players as well as the government will provide a lucrative opportunity for the SOC as a Service market. Additionally, rising merger and acquisition among the major players in SOC as a Service also fuels the market. Additionally, the growing IT sectors worldwide which generate large data thereby increasing the concern about security that creates a lucrative opportunity for the SOC as a Service market.

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Market Segmentation:
By Service Type
• Prevention Service
• Detection Service
• Incident Response Service
By Offering Type
• Fully Managed Service
• Co-Managed Service
By Enterprise Size
• Small and Mid-Sized Enterprises (SMEs)
• Large Enterprises
By Application Area
• Network Security
• Cloud Security
• Application Security
• Endpoint Security
• Others
By Industry Vertical
• BFSI
• Healthcare
• IT & Telecom
• Retail
• Others

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Regions Covered
By Region
• North America (U.S., Canada, Mexico)
• Europe (Germany, U.K., France, Italy, Russia, Spain, Rest of Europe)
• Asia-Pacific (China, India, Japan, Singapore, Australia, New Zealand, Rest of APAC)
• Middle East & Africa (Turkey, Saudi Arabia, Iran, UAE, Africa, Rest of MEA)
• South America (Brazil, Argentina, Rest of SA)

Top Key Players Covered In SOC as a Service Market
• Check Point Software Technologies Ltd
• AlienVault (AT & T Cybersecurity)
• BlackStratus
• Cygilant, Inc.
• Thales e-Security, Inc.
• Alert Logic, Inc.
• Proficio
• Netmagic Solutions (NTT DATA)
• Arctic Wolf Networks Inc.
• ESDS Software Solution Pvt. Ltd.
• Suma Soft Private Limited
• Expel, Inc
• RadarServices Smart IT-Security GmbH
• Fortinet, Inc.
• Binary Defense
• eSentire, Inc.
• CYREBRO
• Cybersafe Solutions Llc
• Digital Hands

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Key Industry Development In The SOC as a Service Market
In April 2022, in Morocco, Thales, a software company opened a new Cyber Security Operation Center (SOC). It provides real-time protection against cyberattacks around the African continent as a whole.

Key Benefits of the Report Over Competitors
• The report provides a qualitative and quantitative analysis to determine the SOC as a Service market size, share, forecast, market trends, and new opportunities.
• Porter's Five Forces analysis highlights the power of suppliers and buyers to enable stakeholders to make or run strategic business decisions and operations and determine the level of competition in the SOC as a Service industry.
• The research highlights the most impactful factors and key investment pockets in the SOC as a Service industry.
• The major countries in each region are analyzed and their consumer, manufacturing, and revenue contribution is mentioned.
• The market player positioning segment provides an understanding of the current position of the market players active in the SOC as a Service market

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