PUBLISHER: MarketsandMarkets | PRODUCT CODE: 1649596
PUBLISHER: MarketsandMarkets | PRODUCT CODE: 1649596
The global SOCaaS market size is estimated to grow from USD 7.37 Billion in 2024 to USD 14.66 Billion by 2030 at a compound annual growth rate (CAGR) of 12.2% during the forecast period.
Scope of the Report | |
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Years Considered for the Study | 2018-2030 |
Base Year | 2023 |
Forecast Period | 2024-2030 |
Units Considered | USD (Billion) |
Segments | By Service Type, Offering, Security Type, Organization Size, Sector, Vertical, and Region |
Regions covered | North America, Europe, Asia Pacific, Middle East and Africa, Latin America |
The growing demand for robust, scalable, and cost-effective solutions to address vulnerabilities, identify threats, and respond to crises is propelling the SOC as a Service (SOCaaS) industry. The increased digitization of enterprises, the proliferation of cloud-based platforms, and the increasing complexity of cyberattacks have all fueled demand for sophisticated SOCaaS solutions. Challenges such as high implementation costs, integration complexities, and a shortage of skilled cybersecurity professionals are being mitigated by tailored services, automated tools, and ongoing innovations in managed security solutions. A heightened focus on threat visibility, regulatory compliance, and real-time monitoring ensures that organizations can maintain secure, efficient, and resilient security operations in an increasingly complex cyber threat landscape.
By sector, private sector accounts for a larger market size during the forecast period
The private sector segment is expected to hold the largest market size in SOCaaS market during the forecast period. This is because of the increased adoption of digital transformation programs and the sophistication of cyber threats targeting private organizations. Cyberattacks are particularly prevalent in industries such as BFSI, IT & ITeS, and telecoms, necessitating the provision of effective threat detection, response, and remediation services. Furthermore, the need to comply with regulatory standards, secure sensitive customer data, and preserve business continuity in the face of rising cyber dangers is driving private enterprises to spend extensively in SOCaaS solutions.
By region, Asia-Pacific accounts for the highest CAGR during the forecast period.
Major drivers in Asia-Pacific region in SOCaaS market are the rapid digital transformation across industries, increased adoption of cloud technologies, and a growing emphasis on cybersecurity in emerging economies such as India, China, and Southeast Asian countries. The rise in complex cyber threats, along with a dearth of in-house cybersecurity experience, is pushing firms to embrace SOCaaS solutions. Furthermore, favorable government policies and programs boosting cybersecurity awareness, as well as investments in smart city projects and digital infrastructure, are driving the region's strong market growth.
Breakdown of primaries
Major vendors in the SOCaaS market include Thales (France), Airbus Cybersecurity (France), NTT (Japan), Lumen Technologies (US), Fortinet (US), Cloudflare (US), Check Point (US), Kaseya (US), Trustwave (US), Arctic Wolf Networks (US), Proficio (US), LRQA (UK), Inspirisys (India), Eventus Security (India), Cyber Security Hive (India), eSentire (Canada), Clearnetwork (US), CyberSecOp (US), Foresite Cybersecurity (US), Stratosphere Networks (US), eSec Forte (India), Cybersafe Solutions (US), 10xDS (India), CISO Global (US), Ace Cloud Hosting (US), plusserver (Germany), SafeAeon (US), SOCWISE (Hungary), inSOC (Enhanced.io) (UK), Wizard Cyber (UK), Eventus Security (India), and Cyber Security Hive (India).
The study includes an in-depth competitive analysis of the key players in the supply chain security market, their company profiles, recent developments, and key market strategies.
Research Coverage
The report segments the SOCaaS market by service type, offering, security type, organization size, sector, vertical, and region.
It forecasts its size by Service type (Managed SIEM & Log Management, Vulnerability Scanning & Assessment, Threat Detection & Remediation, Incident Response, and GRC) Offering (Fully Managed and Co-managed), By Security type (Endpoint Security, Network Security, Cloud Security, and Application Security), By Organization Size (SMEs and Large Enterprises), By Sector (Public Sector and Private Sector), By Vertical (BFSI, Healthcare, Government, Manufacturing, Energy & Utilities, IT & ITeS, Telecommunications, Transportation & Logistics, and Other verticals), By Region ( North America, Europe, Asia Pacific, Middle East and Africa, Latin America).
The study also includes an in-depth competitive analysis of the market's key players, their company profiles, key observations related to product and business offerings, recent developments, and key market strategies.
Key Benefits of Buying the Report
The report will help the market leaders/new entrants with information on the closest approximations of the revenue numbers for the SOCaaS market and the subsegments. This report will help stakeholders understand the competitive landscape and gain more insights to position their businesses better and plan suitable go-to-market strategies. The report also helps stakeholders understand the market pulse and provides information on key market drivers, restraints, challenges, and opportunities.