SOC as a Service refers to outsourcing an organization's security operations to a third-party provider. This means that organizations can leverage SOC as a service to enhance their network security capabilities, rather than building and maintaining internal SOC.
SOC as a service may include 24/7 network monitoring services, comprehensive threat detection and mitigation services, etc. The specific service content may vary depending on the supplier. Due to the fact that different suppliers may focus on different security areas, the SOC as a service they provide may also vary. Some suppliers may initially be hosting security event providers, while others may be hosting detection providers or hosting endpoint security providers.
Overview of Market Development
SOC as a Service is a flexible security solution designed to help organizations address increasingly complex network security threats and challenges. At present, SOC as a service is widely used in various industries, especially in fields that require high attention to information security, such as finance, government, telecommunications, etc. With the acceleration of digital transformation, its application scope will further expand.
In recent years, the global SOC as a service market has steadily grown. According to our research data, the estimated size of the global SOC as a service market in 2024 is $1703 million, an increase of 17.83% compared to 2023. In the future, with the increasing emphasis on information security by enterprises and the development of technologies such as cloud computing and big data, the SOC as a Service market will usher in more growth opportunities. It is expected that by 2029, the global SOC as a Service market size will increase to $3787 million. The CAGR for 2024-2029 is estimated to be 17.33%.
Segmented Market Analysis
From the perspective of types, SOC as a service can usually be divided into three categories based on the content: prevention services, detection services, and incident response services. Among them, prevention services occupy the largest market share, estimated at 43.39% in 2024.
From an application perspective, SOC as a service is applied in various aspects such as network security, endpoint security, application security, and database security. Among them, the network security sub sector occupies the largest share of the downstream application market, estimated to be 30.01% in 2024.
Global SOC as a Service Market Size Forecast and Market Segment Analysis
Source: www.globalmarketmonitor.com
Market Analysis of Major Regions/Countries
From a regional perspective, the global SOC as a Service market is mainly concentrated in North America, Europe, and the Asia Pacific region. Among them, North America is the largest revenue market. The data shows that the estimated revenue of the North American SOC as a Service market in 2024 is $546 million, with an estimated market share of 32.06%. From a national perspective, Asian countries such as China, Japan, and India are also important components of the global SOC as a Service market, holding a significant share.
Global SOC as a Service Market Revenue and Market Share by Region/Country Forecast in 2024
Regions/Countries
|
Market Revenue (Million USD)
|
Market Share
|
North America
|
546
|
32.06%
|
Europe
|
431
|
25.31%
|
China
|
196
|
11.51%
|
China
|
85
|
4.99%
|
India
|
178
|
10.45%
|
South America
|
67
|
3.93%
|
Middle East & Africa
|
61
|
3.58%
|
Source: www.globalmarketmonitor.com
For more industry information, please refer to our latest released "2023 Global SOC as a Service Market Analysis Report, Key Competitors, Market Effect Factors, Growth, And Forecast".