SOC as a Service (SOCaaS) Market Size & Share Analysis - Trends, Drivers, Competitive Landscape, and Forecasts (2024

Description

The global SOC as a Service (SOCaaS) market is projected to grow from $5.5 billion in 2024 to $11.8 billion by 2030, registering a compound annual growth rate (CAGR) of 13.6%. This growth is driven by the rising frequency and sophistication of cyberattacks, as well as the increasing adoption of remote work and bring-your-own-device (BYOD) policies. Organizations are prioritizing robust security operations center (SOC) solutions to protect sensitive data, detect threats proactively, and ensure compliance with stringent regulatory requirements.

Key Insights

The increasing prevalence of cyber threats, including data breaches, ransomware, phishing attacks, and DDoS incidents, is compelling organizations to adopt SOCaaS solutions to safeguard their digital infrastructure.

The rise in remote work models and BYOD policies has expanded the attack surface, necessitating advanced SOCaaS tools to secure organizational networks and endpoints.

The COVID-19 pandemic amplified the threat of cybercrimes, with a reported 600% increase in cyber incidents, driving the adoption of SOCaaS solutions across industries.

The Banking, Financial Services, and Insurance (BFSI) sector is the largest end-user of SOCaaS, owing to the high sensitivity of financial data and the sector's vulnerability to cyberattacks.

The healthcare sector is expected to experience significant growth, driven by the need to protect large volumes of patient data and payment-related information from cyber threats.

North America holds the largest market share, supported by advanced technological infrastructure and the high incidence of cyber threats in the region.

The Asia-Pacific region is anticipated to witness the fastest growth, fueled by increasing digital transformation initiatives, technological adoption, and rising cybersecurity concerns in emerging economies.

Detection and prevention services dominate the SOCaaS market, as organizations seek to identify and mitigate cyber threats before critical data is compromised.

The market is fragmented, with numerous players focusing on innovation, strategic collaborations, and service diversification to meet the evolving needs of end-users.

Regulatory compliance requirements across industries are driving the adoption of SOCaaS solutions, helping organizations avoid legal repercussions and enhance their security posture.

Product Code: 12378

Chapter 1. Research Scope

1.1. Research Objectives
1.2. Market Definition
1.3. Analysis Period
1.4. Market Size Breakdown by Segments
- 1.4.1. Market size breakdown, by component
- 1.4.2. Market size breakdown, by offering
- 1.4.3. Market size breakdown, by service type
- 1.4.4. Market size breakdown, by enterprise size
- 1.4.5. Market size breakdown, by application
- 1.4.6. Market size breakdown, by end user
- 1.4.7. Market size breakdown, by region
- 1.4.8. Market size breakdown, by country
1.5. Market Data Reporting Unit
- 1.5.1. Value
1.6. Key Stakeholders

Chapter 2. Research Methodology

2.1. Secondary Research
- 2.1.1. Paid
- 2.1.2. Unpaid
- 2.1.3. P&S Intelligence database
2.2. Primary Research
2.3. Market Size Estimation
2.4. Data Triangulation
2.5. Currency Conversion Rates
2.6. Assumptions for the Study
2.7. Notes and Caveats

Chapter 3. Executive Summary

Chapter 4. Market Indicators

Chapter 5. Industry Outlook

5.1. Market Dynamics
- 5.1.1. Trends
- 5.1.2. Drivers
- 5.1.3. Restraints/challenges
- 5.1.4. Impact analysis of drivers/restraints
5.2. Impact of COVID-19
5.3. Porter's Five Forces Analysis
- 5.3.1. Bargaining power of buyers
- 5.3.2. Bargaining power of suppliers
- 5.3.3. Threat of new entrants
- 5.3.4. Intensity of rivalry
- 5.3.5. Threat of substitutes

Chapter 6. Competitive Landscape

6.1. List of Market Players and their Offerings
6.2. Competitive Benchmarking of Key Players
6.3. Product Benchmarking of Key Players
6.4. Recent Strategic Developments by Key Players

Chapter 7. Global Market

7.1. Overview
7.2. Market Revenue, by Component (2019-2030)
7.3. Market Revenue, by Offering (2019-2030)
7.4. Market Revenue, by Service Type (2019-2030)
7.5. Market Revenue, by Enterprise Size (2019-2030)
7.6. Market Revenue, by Application (2019-2030)
7.7. Market Revenue, by End User (2019-2030)
7.8. Market Revenue, by Region (2019-2030)

Chapter 8. North America Market

8.1. Overview
8.2. Market Revenue, by Component (2019-2030)
8.3. Market Revenue, by Offering (2019-2030)
8.4. Market Revenue, by Service Type (2019-2030)
8.5. Market Revenue, by Enterprise Size (2019-2030)
8.6. Market Revenue, by Application (2019-2030)
8.7. Market Revenue, by End User (2019-2030)
8.8. Market Revenue, by Country (2019-2030)

Chapter 9. Europe Market

9.1. Overview
9.2. Market Revenue, by Component (2019-2030)
9.3. Market Revenue, by Offering (2019-2030)
9.4. Market Revenue, by Service Type (2019-2030)
9.5. Market Revenue, by Enterprise Size (2019-2030)
9.6. Market Revenue, by Application (2019-2030)
9.7. Market Revenue, by End User (2019-2030)
9.8. Market Revenue, by Country (2019-2030)

Chapter 10. APAC Market

10.1. Overview
10.2. Market Revenue, by Component (2019-2030)
10.3. Market Revenue, by Offering (2019-2030)
10.4. Market Revenue, by Service Type (2019-2030)
10.5. Market Revenue, by Enterprise Size (2019-2030)
10.6. Market Revenue, by Application (2019-2030)
10.7. Market Revenue, by End User (2019-2030)
10.8. Market Revenue, by Country (2019-2030)

Chapter 11. LATAM Market

11.1. Overview
11.2. Market Revenue, by Component (2019-2030)
11.3. Market Revenue, by Offering (2019-2030)
11.4. Market Revenue, by Service Type (2019-2030)
11.5. Market Revenue, by Enterprise Size (2019-2030)
11.6. Market Revenue, by Application (2019-2030)
11.7. Market Revenue, by End User (2019-2030)
11.8. Market Revenue, by Country (2019-2030)

Chapter 12. MEA Market

12.1. Overview
12.2. Market Revenue, by Component (2019-2030)
12.3. Market Revenue, by Offering (2019-2030)
12.4. Market Revenue, by Service Type (2019-2030)
12.5. Market Revenue, by Enterprise Size (2019-2030)
12.6. Market Revenue, by Application (2019-2030)
12.7. Market Revenue, by End User (2019-2030)
12.8. Market Revenue, by Country (2019-2030)

Chapter 13. U.S. Market

13.1. Overview
13.2. Market Revenue, by Component (2019-2030)
13.3. Market Revenue, by Offering (2019-2030)
13.4. Market Revenue, by Service Type (2019-2030)
13.5. Market Revenue, by Enterprise Size (2019-2030)
13.6. Market Revenue, by Application (2019-2030)
13.7. Market Revenue, by End User (2019-2030)

Chapter 14. Canada Market

14.1. Overview
14.2. Market Revenue, by Component (2019-2030)
14.3. Market Revenue, by Offering (2019-2030)
14.4. Market Revenue, by Service Type (2019-2030)
14.5. Market Revenue, by Enterprise Size (2019-2030)
14.6. Market Revenue, by Application (2019-2030)
14.7. Market Revenue, by End User (2019-2030)

Chapter 15. Germany Market

15.1. Overview
15.2. Market Revenue, by Component (2019-2030)
15.3. Market Revenue, by Offering (2019-2030)
15.4. Market Revenue, by Service Type (2019-2030)
15.5. Market Revenue, by Enterprise Size (2019-2030)
15.6. Market Revenue, by Application (2019-2030)
15.7. Market Revenue, by End User (2019-2030)

Chapter 16. France Market

16.1. Overview
16.2. Market Revenue, by Component (2019-2030)
16.3. Market Revenue, by Offering (2019-2030)
16.4. Market Revenue, by Service Type (2019-2030)
16.5. Market Revenue, by Enterprise Size (2019-2030)
16.6. Market Revenue, by Application (2019-2030)
16.7. Market Revenue, by End User (2019-2030)

Chapter 17. U.K. Market

17.1. Overview
17.2. Market Revenue, by Component (2019-2030)
17.3. Market Revenue, by Offering (2019-2030)
17.4. Market Revenue, by Service Type (2019-2030)
17.5. Market Revenue, by Enterprise Size (2019-2030)
17.6. Market Revenue, by Application (2019-2030)
17.7. Market Revenue, by End User (2019-2030)

Chapter 18. Italy Market

18.1. Overview
18.2. Market Revenue, by Component (2019-2030)
18.3. Market Revenue, by Offering (2019-2030)
18.4. Market Revenue, by Service Type (2019-2030)
18.5. Market Revenue, by Enterprise Size (2019-2030)
18.6. Market Revenue, by Application (2019-2030)
18.7. Market Revenue, by End User (2019-2030)

Chapter 19. Spain Market

19.1. Overview
19.2. Market Revenue, by Component (2019-2030)
19.3. Market Revenue, by Offering (2019-2030)
19.4. Market Revenue, by Service Type (2019-2030)
19.5. Market Revenue, by Enterprise Size (2019-2030)
19.6. Market Revenue, by Application (2019-2030)
19.7. Market Revenue, by End User (2019-2030)

Chapter 20. Japan Market

20.1. Overview
20.2. Market Revenue, by Component (2019-2030)
20.3. Market Revenue, by Offering (2019-2030)
20.4. Market Revenue, by Service Type (2019-2030)
20.5. Market Revenue, by Enterprise Size (2019-2030)
20.6. Market Revenue, by Application (2019-2030)
20.7. Market Revenue, by End User (2019-2030)

Chapter 21. China Market

21.1. Overview
21.2. Market Revenue, by Component (2019-2030)
21.3. Market Revenue, by Offering (2019-2030)
21.4. Market Revenue, by Service Type (2019-2030)
21.5. Market Revenue, by Enterprise Size (2019-2030)
21.6. Market Revenue, by Application (2019-2030)
21.7. Market Revenue, by End User (2019-2030)

Chapter 22. India Market

22.1. Overview
22.2. Market Revenue, by Component (2019-2030)
22.3. Market Revenue, by Offering (2019-2030)
22.4. Market Revenue, by Service Type (2019-2030)
22.5. Market Revenue, by Enterprise Size (2019-2030)
22.6. Market Revenue, by Application (2019-2030)
22.7. Market Revenue, by End User (2019-2030)

Chapter 23. Australia Market

23.1. Overview
23.2. Market Revenue, by Component (2019-2030)
23.3. Market Revenue, by Offering (2019-2030)
23.4. Market Revenue, by Service Type (2019-2030)
23.5. Market Revenue, by Enterprise Size (2019-2030)
23.6. Market Revenue, by Application (2019-2030)
23.7. Market Revenue, by End User (2019-2030)

Chapter 24. South Korea Market

24.1. Overview
24.2. Market Revenue, by Component (2019-2030)
24.3. Market Revenue, by Offering (2019-2030)
24.4. Market Revenue, by Service Type (2019-2030)
24.5. Market Revenue, by Enterprise Size (2019-2030)
24.6. Market Revenue, by Application (2019-2030)
24.7. Market Revenue, by End User (2019-2030)

Chapter 25. Brazil Market

25.1. Overview
25.2. Market Revenue, by Component (2019-2030)
25.3. Market Revenue, by Offering (2019-2030)
25.4. Market Revenue, by Service Type (2019-2030)
25.5. Market Revenue, by Enterprise Size (2019-2030)
25.6. Market Revenue, by Application (2019-2030)
25.7. Market Revenue, by End User (2019-2030)

Chapter 26. Mexico Market

26.1. Overview
26.2. Market Revenue, by Component (2019-2030)
26.3. Market Revenue, by Offering (2019-2030)
26.4. Market Revenue, by Service Type (2019-2030)
26.5. Market Revenue, by Enterprise Size (2019-2030)
26.6. Market Revenue, by Application (2019-2030)
26.7. Market Revenue, by End User (2019-2030)

Chapter 27. Saudi Arabia Market

27.1. Overview
27.2. Market Revenue, by Component (2019-2030)
27.3. Market Revenue, by Offering (2019-2030)
27.4. Market Revenue, by Service Type (2019-2030)
27.5. Market Revenue, by Enterprise Size (2019-2030)
27.6. Market Revenue, by Application (2019-2030)
27.7. Market Revenue, by End User (2019-2030)

Chapter 28. South Africa Market

28.1. Overview
28.2. Market Revenue, by Component (2019-2030)
28.3. Market Revenue, by Offering (2019-2030)
28.4. Market Revenue, by Service Type (2019-2030)
28.5. Market Revenue, by Enterprise Size (2019-2030)
28.6. Market Revenue, by Application (2019-2030)
28.7. Market Revenue, by End User (2019-2030)

Chapter 29. U.A.E. Market

29.1. Overview
29.2. Market Revenue, by Component (2019-2030)
29.3. Market Revenue, by Offering (2019-2030)
29.4. Market Revenue, by Service Type (2019-2030)
29.5. Market Revenue, by Enterprise Size (2019-2030)
29.6. Market Revenue, by Application (2019-2030)
29.7. Market Revenue, by End User (2019-2030)

Chapter 30. Company Profiles

30.1. AT&T Inc.
- 30.1.1. Business overview
- 30.1.2. Product and service offerings
- 30.1.3. Key financial summary
30.2. IBM Corporation
- 30.2.1. Business overview
- 30.2.2. Product and service offerings
- 30.2.3. Key financial summary
30.3. Verizon Communications Inc.
- 30.3.1. Business overview
- 30.3.2. Product and service offerings
- 30.3.3. Key financial summary
30.4. Nippon Telegraph and Telephone Corporation
- 30.4.1. Business overview
- 30.4.2. Product and service offerings
- 30.4.3. Key financial summary
30.5. Proficio
- 30.5.1. Business overview
- 30.5.2. Product and service offerings
- 30.5.3. Key financial summary
30.6. ConnectWise LLC
- 30.6.1. Business overview
- 30.6.2. Product and service offerings
- 30.6.3. Key financial summary
30.7. Fortinet Inc.
- 30.7.1. Business overview
- 30.7.2. Product and service offerings
- 30.7.3. Key financial summary
30.8. Atos SE
- 30.8.1. Business overview
- 30.8.2. Product and service offerings
- 30.8.3. Key financial summary
30.9. Tata Consultancy Services Limited
- 30.9.1. Business overview
- 30.9.2. Product and service offerings
- 30.9.3. Key financial summary
30.10. Check Point Software Technologies Ltd.
- 30.10.1. Business overview
- 30.10.2. Product and service offerings
- 30.10.3. Key financial summary
30.11. Thales S.A.
- 30.11.1. Business overview
- 30.11.2. Product and service offerings
- 30.11.3. Key financial summary
30.12. Cloudflare Inc.
- 30.12.1. Business overview
- 30.12.2. Product and service offerings
- 30.12.3. Key financial summary

Chapter 31. Appendix

31.1. Sources and References
31.2. Related Reports

SOC as a Service (SOCaaS) Market Size & Share Analysis - Trends, Drivers, Competitive Landscape, and Forecasts (2024 - 2030)