SOC as a Service Market

SOC as a Service Market by Component (Solutions and Services), Service Type (Prevention, Detection, and Incident Response), Offering Type (Fully Managed and Co-Managed), Application Area, Industry Vertical, and Region - Global Forecast to 2024

Report Code: TC 7101 May, 2019, by marketsandmarkets.com

[129 Pages Report] The global SOC as a service market size is expected grow from USD 372 million in 2019 to USD 1,137 million by 2024, at a Compound Annual Growth Rate (CAGR) of 25.0% during the forecast period. The exponential rise and sophistication of cyber-attacks and cumbersome administration after threat detection will drive the market.

SOC as a service is a cloud-based service that helps enterprises outsource the entire security operation, such as managing network, endpoints, application, server’s websites, and database. It provides the necessary cybersecurity skills required to combat with sophisticated cyber-attacks. It offers advanced detection and response services for mitigating risks at an early stage. SOC as a service provider comprises a dedicated team of information security experts that are responsible for analyzing and monitoring the organization security posture 24/7. The services enable organization’s security incident detection of sophisticated cyber-attacks, such as malware, phishing and social engineering, web-based attacks, botnets, malicious codes, and Denial of Service (DoS).

SOC as a Service Market

Solution segment to be the largest contributor to the market growth during the forecast period

The solution segment is expected to hold the largest market size in the SOC as a service market by component. SOC as a service solutions protect sensitive and confidential data of organizations. Organizations are adopting the SOC as a service solution for ensuring continuous compliance. Advanced SOCs are now capable of securing vital information against evolving threats, such as spams, malware, Trojan, Business Email Compromise (BEC), and phishing. SOC as a service solutions are gaining traction due to the increasing demand among enterprises to effectively secure their internal and external infrastructure in order to protect critical business information and infrastructure.

Banking, Financial Services, and Insurance (BFSI) industry vertical to hold the largest market size in the SOC as a service market in 2019

The BFSI industry vertical is estimated to hold the largest market size in the SOC as a service market in 2019. The BFSI is the most targeted industry vertical, as it deals with large volumes of sensitive and private financial data. The enterprises in this industry vertical are demanding for the SOC as a service solution to ensure irreversible security. Moreover, the BFSI industry vertical is the most regulated, as it has to comply with many security requirements.

SOC as a Service Market

North America to hold the largest market size during the forecast period

North America is estimated to account for the highest market share in the SOC as a service market in 2019. Early adoption of SOC as a service solution and the presence of several vendors that provide SOC as a service are expected to drive market growth in the region. Businesses in the region are increasingly implementing SOC as a service solutions to detect and prevent threats at the early stage.

Key SOC as a Service Market Players

Major vendors in the SOC as a service market include AlienVault (US), BlackStratus (US), Cygilant (US), Thales e-Security (France), Alert Logic (US), Proficio (US), Netmagic Solutions (India), Arctic Wolf Networks (US), AQM Technologies (India), ESDS Software Solution (India), Suma (India), GA Systems (Australia), Expel (US), RadarServices (Austria), and StratoZen (US).

Recent Developments

  • In May 2018, Arctic Wolf Networks partnered with Advance Financial to deliver its cloud-based solution, AWN CyberSOC, to Advance Financial’s customers. The offering would provide continuous security monitoring and regulatory compliance for Advance Financial.
  • In November 2018, Alert Logic launched its new SIEMless Threat Management offering to address cybersecurity threats, compliance risks, and other common resource constraints. The solution would be enhanced by 24/7 threat detection, comprehensive Web Application Firewalls (WAFs), and assigned SOC analyst support.
  • In October 2018, Thales e-Security Netherlands and Previder partnered to launch a managed SOC solution. The solution would enhance the security of organizations’ network both in cloud as well as on-premises. Through this offering, Thales Netherlands provides threat detection and helps organizations in devising their cybersecurity strategies.

Key Questions addressed by the report

  • What are new market segments to focus over the next 2–5 years for prioritizing the efforts and investments?
  • Which are the key players in the market and how intense is the competition?
  • What are the new innovations and developments done by the major market players?
  • What are the driving factors, opportunities, restraints, and challenges that drive or hamper the growth of the market?
  • What are the regulatory implications that impact the market directly and indirectly?

To speak to our analyst for a discussion on the above findings, click Speak to Analyst

Table of Contents

1 Introduction (Page No. - 17)
    1.1 Objectives of the Study
    1.2 Market Definition
    1.3 Market Scope
           1.3.1 Market Segmentation
           1.3.2 Regions Covered
    1.4 Years Considered for the Study
    1.5 Currency
    1.6 Stakeholders

2 Research Methodology (Page No. - 21)
    2.1 Research Data
           2.1.1 Breakup of Primary Participants’ Profiles
           2.1.2 Key Industry Insights
    2.2 Market Breakup and Data Triangulation
    2.3 Market Size Estimation
    2.4 Factor Analysis
    2.5 Assumptions for the Study
    2.6 Limitations of the Study

3 Executive Summary (Page No. - 29)

4 Premium Insights (Page No. - 33)
    4.1 Attractive Market Opportunities in the SOC as a Service Market
    4.2 Market By Component, 2019
    4.3 Market By Offering Type, 2019–2024
    4.4 Market Share of Top 3 Industry Verticals and Regions, 2019
    4.5 Market By Service Type, 2019
    4.6 Market By Application Area, 2019
    4.7 Market Top 3 Industry Verticals
    4.8 Market Investment Scenario

5 Market Overview (Page No. - 37)
    5.1 Introduction
    5.2 Market Dynamics
           5.2.1 Drivers
                    5.2.1.1 Exponential Rise and Sophistication of Cyber-Attacks
                    5.2.1.2 Cumbersome Administration After Threat Detection
           5.2.2 Restraints
                    5.2.2.1 Organizations’ Uncertainty About Cloud-Based Security Services
           5.2.3 Opportunities
                    5.2.3.1 Mandate to Follow Regulatory and Data Protection Directives for Cyber Defense
                    5.2.3.2 Increase in the Adoption of Cloud-Based Solutions Across SMES
                    5.2.3.3 Leveraging AI, Machine Learning, and Blockchain Technologies for Cyber Defense
           5.2.4 Challenges
                    5.2.4.1 Scarcity of Skilled Cybersecurity Professionals Among Enterprises
    5.3 Use Cases
           5.3.1 Adoption of SOC as a Service for Maintaining Network Security Parameters
           5.3.2 Dependence of Hi-Tech Semiconductor Equipment Supplier on Security Event Monitoring System
           5.3.3 Demand for Cost-Effective Solution Among Healthcare Industry for Reduced Risk of A Data Breach

6 SOC as a Service Market, By Component (Page No. - 42)
    6.1 Introduction
    6.2 Solution
           6.2.1 Need to Secure Enterprise From Cyber Threats in Real-Time to Drive the Growth of Solution Segment
    6.3 Services
           6.3.1 Consulting
                    6.3.1.1 Need for Enhancing Organizations’ Strategic Outlook to Drive the Demand for Consulting Services
           6.3.2 Training and Education
                    6.3.2.1 Growing Need Among Enterprises for Eliminating Knowledge Gaps to Boost Growth of Training and Education Services
           6.3.3 Support and Maintenance
                    6.3.3.1 Growing Need for Emergency Response Management to Drive the Demand for Support and Maintenance Services

7 SOC as a Service Market, By Service Type (Page No. - 49)
    7.1 Introduction
    7.2 Prevention Service
           7.2.1 Need to Detect Threats at Early Stages Will Increase the Adoption of Prevention Services
    7.3 Detection Service
           7.3.1 Need for Detecting Insider Threats Proactively to Drive the Growth of Detection Services
    7.4 Incident Response Service
           7.4.1 Need to Investigate an Attack and Proactively Recover From Cyber Threat Will Increase the Adoption of Incident Response Service

8 SOC as a Service Market, By Offering Type (Page No. - 54)
    8.1 Introduction
    8.2 Fully Managed
           8.2.1 to Secure Organizational Assets, 24/7, Organizations are Moving Toward Fully Managed SOC
    8.3 Co-Managed Or Hybrid
           8.3.1 to Outsource Selected Cybersecurity Responsibilities to Mssp’s Will Drive the Growth of Co-Managed Offerings

9 SOC as a Service Market, By Application Area (Page No. - 58)
    9.1 Introduction
    9.2 Network Security
           9.2.1 Implementation of Network Security Strategies Among Organizations to Fuel the Growth of Market
    9.3 Endpoint Security
           9.3.1 Rising Byod and Choose Your Own Devices Trends to Force Organizations Implement Endpoint Security Services
    9.4 Application Security
           9.4.1 Rising Application-Based Attacks to Drive the Growth of Application Security
    9.5 Database Security
           9.5.1 Rising Migration of Sensitive Records Within Database to Fuel the Growth for Database Security Segment
    9.6 Others

10 SOC as a Service Market, By Industry Vertical (Page No. - 65)
     10.1 Introduction
     10.2 Banking, Financial Services, and Insurance
             10.2.1 SOC as a Service Solutions to Help Banking, Financial Services, and Insurance Organizations Adhere to Stringent Regulatory Compliances for Enhancing Their Cloud-Based Applications and Platforms
     10.3 Government and Public Sector
             10.3.1 Government Industry Vertical to Show Increasing Deployment of SOC as a Service Solutions to Protect Sensitive Data of Citizens, as Well as Organizations
     10.4 IT and Telecom
             10.4.1 Increasing Demand for Web, Mobile, and Cloud-Based Applications to Drive the Demand for SOC as a Service Solutions in IT and Telecom Industry Vertical
     10.5 Healthcare
             10.5.1 Growing Threats on Network and Endpoints, and Need to Comply to HIPAA to Increase the Adoption of SOC as a Service Solutions in Healthcare Industry Vertical
     10.6 Retail
             10.6.1 Growing Need to Adhere to PCI DSS and General Data Protection Regulation Compliance in the Advent of Growing Cloud-Based Applications to Spur the Demand for SOC as a Service Solutions in Retail Vertical
     10.7 Manufacturing
             10.7.1 Harnessing Machine-To-Machine Systems, Mobile Apps, Iot, and Cloud-Based Services to Fuel the Growth of SOC as a Service Solutions in Manufacturing Industry Vertical
     10.8 Energy and Utilities
             10.8.1 Demand for IoT and Cloud-Based Applications to Spur the Demand for SOC as a Service Solutions in Energy and Utilities Industry Vertical
     10.9 Others

11 SOC as a Service Market, By Region (Page No. - 75)
     11.1 Introduction
     11.2 North America
             11.2.1 United States
                       11.2.1.1 Rising Instances of Criminal Activities and Terrorist Attacks to Increase the Demand for Physical Security in the US
             11.2.2 Canada
                       11.2.2.1 Increasing Migration Toward Cloud-Based Technologies to Drive the Growth of SOC as a Service Solutions in Canada
     11.3 Europe
             11.3.1 United Kingdom
                       11.3.1.1 Demand for Enhanced Security in Enterprises and Industrial Sectors to Further Propel the Growth of the Market in the UK
             11.3.2 Germany
                       11.3.2.1 Demand for Cloud-Based Services to Increase the Need for SOC as a Service Solutions in Germany
             11.3.3 Rest of Europe
     11.4 Asia Pacific
             11.4.1 China
                       11.4.1.1 Growing Need for Security Systems for Large-Scale Industrialization in China to Lead the Implementation of SOC as a Service
             11.4.2 Japan
                       11.4.2.1 Strong Technological Advancements in the BFSI and Government Sector Industry Vertical to Lead the Growth of Physical Security Systems in Japan
             11.4.3 India
                       11.4.3.1 Rising Demand for Online Transactions Over Cloud-Based Platforms to Spur the Demand for SOC as a Service Solutions in India
             11.4.4 Rest of Asia Pacific
     11.5 Middle East and Africa
             11.5.1 Middle East
                       11.5.1.1 Increasing Awareness of Security Threats and Growing It Spending to Drive the Market
             11.5.2 Africa
                       11.5.2.1 Need to Protect the Critical Infrastructure is Driving the Growth in the Market
     11.6 Latin America
             11.6.1 Brazil
                       11.6.1.1 Service Specific Attacks, Malware, Phishing, Ddos, and Reconnaissance to Be Major Threat Vectors, Which Have Forced Enterprises to Increase Adoption of SOC as a Service
             11.6.2 Mexico
                       11.6.2.1 Increasing Volume of Data and Increased Instances of Insider and Outsider Threats are Forcing Enterprises and Organization to Adopt SOC as a Service
             11.6.3 Rest of Latin America

12 Competitive Landscape (Page No. - 100)
     12.1 Competitive Leadership Mapping
             12.1.1 Progressive Companies
             12.1.2 Responsive Companies
             12.1.3 Dynamic Companies
             12.1.4 Starting Blocks
     12.2 Key Developments in SOC as a Service Market
             12.2.1 Partnerships, Agreements, and Collaborations
             12.2.2 New Product Launches/Product Enhancements
             12.2.3 Business Expansions

13 Company Profiles (Page No. - 105)
     13.1 Introduction
(Business Overview, Solutions Offered, Recent Developments, SWOT Analysis, and MnM View)*
     13.2 AlienVault
     13.3 BlackStratus
     13.4 Cygilant
     13.5 Thales e-Security
     13.6 Alert Logic
     13.7 Proficio
     13.8 Netmagic Solutions
     13.9 Arctic Wolf Networks
     13.10 AQM Technologies
     13.11 ESDS Software Solution
     13.12 Suma Soft
     13.13 GA Systems
     13.14 Expel
     13.15 RadarServices
     13.16 StratoZen

*Details on Business Overview, Solutions Offered, Recent Developments, SWOT Analysis, and MnM View Might Not Be Captured in Case of Unlisted Companies.

14 Appendix (Page No. - 123)
     14.1 Discussion Guide
     14.2 Knowledge Store: Marketsandmarkets’ Subscription Portal
     14.3 Available Customizations
     14.4 Related Reports
     14.5 Author Details

List of Tables (71 Tables)

Table 1 United States Dollar Exchange Rate, 2015–2017
Table 2 Factors: Impact Analysis
Table 3 SOC as a Service Market Size and Growth, 2017–2024 (USD Million, Y-O-Y %)
Table 4 Market Size By Component, 2017–2024 (USD Million)
Table 5 Solution: Market Size By Region, 2017–2024 (USD Million)
Table 6 Services: Market Size By Region, 2017–2024 (USD Million)
Table 7 Services: Market Size By Type, 2017–2024 (USD Million)
Table 8 Consulting: Market Size By Region, 2017–2024 (USD Million)
Table 9 Training and Education: Market Size By Region, 2017–2024 (USD Million)
Table 10 Support and Maintenance: Market Size By Region, 2017–2024 (USD Million)
Table 11 SOC as a Service Market Size, By Service Type, 2017–2024 (USD Million)
Table 12 Prevention Service: Market Size By Region, 2017–2024 (USD Million)
Table 13 Detection Service: Market Size By Region, 2017–2024 (USD Million)
Table 14 Incident Response Service: Market Size By Region, 2017–2024 (USD Million)
Table 15 SOC as a Service Market Size, By Offering Type, 2017–2024 (USD Million)
Table 16 Fully Managed: Market Size By Region, 2017–2024 (USD Million)
Table 17 Co-Managed Or Hybrid: Market Size By Region, 2017–2024 (USD Million)
Table 18 SOC as a Service Market Size, By Application Area, 2017–2024 (USD Million)
Table 19 Network Security: Market Size By Region, 2017–2024 (USD Million)
Table 20 Endpoint Security: Market Size By Region, 2017–2024 (USD Million)
Table 21 Application Security: Market Size By Region, 2017–2024 (USD Million)
Table 22 Database Security: Market Size By Region, 2017–2024 (USD Million)
Table 23 Others: Market Size By Region, 2017–2024 (USD Million)
Table 24 SOC as a Service Market Size, By Industry Vertical, 2017–2024 (USD Million)
Table 25 Banking, Financial Services, and Insurance: Market Size By Region, 2017–2024 (USD Million)
Table 26 Government and Public Sector: Market Size By Region, 2017–2024 (USD Million)
Table 27 IT and Telecom: Market Size By Region, 2017–2024 (USD Million)
Table 28 Healthcare: Market Size By Region, 2017–2024 (USD Million)
Table 29 Retail: Market Size By Region, 2017–2024 (USD Million)
Table 30 Manufacturing: Market Size By Region, 2017–2024 (USD Million)
Table 31 Energy and Utilities: Market Size By Region, 2017–2024 (USD Million)
Table 32 Others: Market Size By Region, 2017–2024 (USD Million)
Table 33 SOC as a Service Market Size, By Region, 2017–2024 (USD Million)
Table 34 North America: Market Size By Component, 2017–2024 (USD Million)
Table 35 North America: Market Size By Service, 2017–2024 (USD Million)
Table 36 North America: Market Size By Service Type, 2017–2024 (USD Million)
Table 37 North America: Market Size By Offering Type, 2017–2024 (USD Million)
Table 38 North America: Market Size By Application Area, 2017–2024 (USD Million)
Table 39 North America: Market Size By Industry Vertical, 2017–2024 (USD Million)
Table 40 North America: Market Size By Country, 2017–2024(USD Million)
Table 41 Europe: SOC as a Service Market Size, By Component, 2017–2024 (USD Million)
Table 42 Europe: Market Size By Service, 2017–2024 (USD Million)
Table 43 Europe: Market Size By Service Type, 2017–2024 (USD Million)
Table 44 Europe: Market Size By Offering Type, 2017–2024 (USD Million)
Table 45 Europe: Market Size By Application Area, 2017–2024 (USD Million)
Table 46 Europe: Market Size By Industry Vertical, 2017–2024 (USD Million)
Table 47 Europe: Market Size By Country, 2017–2024 (USD Million)
Table 48 Asia Pacific: SOC as a Service Market Size, By Component, 2017–2024 (USD Million)
Table 49 Asia Pacific: Market Size By Service, 2017–2024 (USD Million)
Table 50 Asia Pacific: Market Size By Service Type, 2017–2024 (USD Million)
Table 51 Asia Pacific: Market Size By Offering Type, 2017–2024 (USD Million)
Table 52 Asia Pacific: Market Size By Application Area, 2017–2024 (USD Million)
Table 53 Asia Pacific: Market Size By Industry Vertical, 2017–2024 (USD Million)
Table 54 Asia Pacific: Market Size By Country, 2017–2024 (USD Million)
Table 55 Middle East and Africa: SOC as a Service Market Size, By Component, 2017–2024 (USD Million)
Table 56 Middle East and Africa: Market Size By Service, 2017–2024 (USD Million)
Table 57 Middle East and Africa: Market Size By Service Type, 2017–2024 (USD Million)
Table 58 Middle East and Africa: Market Size By Offering Type, 2017–2024 (USD Million)
Table 59 Middle East and Africa: Market Size By Application Area, 2017–2024 (USD Million)
Table 60 Middle East and Africa: Market Size By Industry Vertical, 2017–2024 (USD Million)
Table 61 Middle East and Africa: Market Size By Sub-Region, 2017–2024 (USD Million)
Table 62 Latin America: SOC as a Service Market Size, By Component, 2017–2024 (USD Million)
Table 63 Latin America: Market Size By Service, 2017–2024 (USD Million)
Table 64 Latin America: Market Size By Service Type, 2017–2024 (USD Million)
Table 65 Latin America: Market Size By Offering Type, 2017–2024 (USD Million)
Table 66 Latin America: Market Size By Application Area, 2017–2024 (USD Million)
Table 67 Latin America: Market Size By Industry Vertical, 2017–2024 (USD Million)
Table 68 Latin America: Market Size By Country, 2017–2024 (USD Million)
Table 69 Partnerships, Agreements, and Collaborations, 2018–2019
Table 70 New Product Launches/Product Enhancements, 2018–2019
Table 71 Business Expansions, 2017–2018
 
 
List of Figures (32 Figures)
 
Figure 1 Global SOC as a Service Market: Research Design
Figure 2 Research Methodology
Figure 3 Market Size Estimation Methodology: Bottom-Up and Top-Down Approaches
Figure 4 Global SOC as a Service Market to Witness A Significant Growth During the Forecast Period
Figure 5 Services Segment to Grow at A Higher CAGR During the Forecast Period
Figure 6 North America to Hold the Largest Market Share in 2019
Figure 7 Fastest-Growing Segments of the SOC as a Service Market
Figure 8 Increasing Number of Cyber Threats Across Industry Verticals to Fuel the Growth of the SOC as a Service Market
Figure 9 Solutions Segment to Have A Larger Market Share During the Forecast Period
Figure 10 Professional Services Segment to Have A Larger Market Share During the Forecast Period
Figure 11 BFSI Vertical and North America to Have the Largest Market Shares in 2019
Figure 12 Detection Service Segment to Hold the Largest Market Share in 2019
Figure 13 Network Security Segment to Hold the Largest Market Share in 2019
Figure 14 Banking, Financial Services and Insurance Vertical to Have the Largest Market Share in 2019
Figure 15 Asia Pacific to Emerge as the Best Market for Investment in the Next 5 Years
Figure 16 Drivers, Restraints, Opportunities, and Challenges: SOC as a Service Market
Figure 17 Services Segment to Grow at A Higher CAGR During the Forecast Period
Figure 18 Support and Maintenance Segment to Grow at the Highest CAGR During the Forecast Period
Figure 19 Incident Response Service Segment to Grow at the Highest CAGR During the Forecast Period
Figure 20 Co-Managed Or Hybrid Segment to Grow at A Higher CAGR During the Forecast Period
Figure 21 Database Security Segment to Grow at the Highest CAGR During the Forecast Period
Figure 22 Government and Public Sector to Grow at the Highest CAGR During the Forecast Period
Figure 23 Asia Pacific to Grow at the Highest CAGR During the Forecast Period
Figure 24 North America: Market Snapshot
Figure 25 Asia Pacific: Market Snapshot
Figure 26 Global SOC as a Service Market, Competitive Leadership Mapping, for Startups, 2019
Figure 27 Key Developments By the Leading Players in the SOC as a Service Market, 2016–2019
Figure 28 AlienVault: SWOT Analysis
Figure 29 BlackStratus: SWOT Analysis
Figure 30 Cygilant: SWOT Analysis
Figure 31 Thales e-Security: SWOT Analysis
Figure 32 Alert Logic: SWOT Analysis

The study involved 4 major activities to estimate the current market size for SOC as a service. Extensive secondary research was done to collect information on market, peer market, and parent market. The next step was to validate these findings, assumptions, and sizing with industry experts across value chain through primary research. Both top-down and bottom-up approaches were employed to estimate the complete market size. Thereafter, market breakup and data triangulation were used to estimate the market size of segments and subsegments.

Secondary Research

The market size of companies offering SOC as a service globally was derived with the help of the secondary data available through paid and unpaid sources. In the secondary research process, various secondary sources such as D&B Hoovers, Bloomberg BusinessWeek, and Factiva have been referred to for identifying and collecting information for the study. The secondary sources included annual reports, press releases, and investor presentations of companies; white papers, journals, and certified publications; and articles from recognized authors, directories, and databases. Secondary research was mainly used to obtain key information about the industry’s supply chain, the total pool of key players, market classification and segmentation according to the industry trends to the bottom-most level, regional markets, and key developments from both market and technology-oriented perspectives, all of which were further validated by primary sources.

Primary Research

The SOC as a service market comprises several stakeholders, such as SOC as a service providers, SOC solution vendors, government agencies, Independent Software Vendors (ISVs), cybersecurity software vendors, cloud service providers, third-party providers, system integrators, Value-Added Resellers (VARs), Information Technology (IT) security agencies, consulting firms, managed security service providers (MSSPs), and research organizations. The primary sources included industry experts from the core and related verticals, and preferred suppliers, manufacturers, distributors, service providers, technology developers, and technologists from companies and organizations related to all the segments of the SOC as a service market’s value chain. In-depth interviews were conducted with various primary respondents, including Chief Executive Officers (CEOs), Vice Presidents (VPs), marketing directors, technology, SOC experts, SOC as a service experts, and innovation directors, and related key executives from various key companies and organizations operating in the market, to obtain and verify critical qualitative and quantitative information, as well as assess the market’s prospects. The market was estimated by analyzing various driving factors, restraints, opportunities, challenges, industry trends, and key players’ strategies in the market space.

Various primary sources from both supply and demand sides of the market were interviewed to obtain qualitative and quantitative information.

SOC as a Service Market

To know about the assumptions considered for the study, download the pdf brochure

Market Size Estimation

Both top-down and bottom-up approaches were used to estimate and validate the total size of the SOC as a service market. The methods were also used extensively to estimate the size of various subsegments in the market. The research methodology used to estimate the market size includes the following:

  • The key players in the industry and markets have been identified through extensive secondary research.
  • The industry’s supply chain and market size, in terms of value, have been determined through primary and secondary research processes.
  • All percentage shares, splits, and breakups have been determined using secondary sources and verified through primary sources.

Data Triangulation

After arriving at the overall market size—using the market size estimation processes as explained above—the market was split into several segments and subsegments. In order to complete the overall market engineering process and arrive at the exact statistics of each market segment and subsegment, the data triangulation and market breakup procedures were employed, wherever applicable. Extensive qualitative and quantitative analyses were performed on the complete market engineering process to list the key information/insights throughout the report.

Report Objectives

  • To define, segment, and project the global market size for SOC as a service market
  • To define, describe, and forecast the market by components (solution and services), service type, application areas, offering types, industry verticals, and regions
  •  To provide detailed information about the major factors (drivers, restraints, opportunities, and challenges) influencing the growth of the SOC as a service market
  • To analyze the micromarkets with respect to the individual growth trends, prospects, and contributions to the overall market
  • To analyze market opportunities for stakeholders by identifying the high growth segments of the market
  • To forecast the market size of the segments with respect to major regions: North America, Europe, APAC, MEA, and Latin America.
  • To profile the key players in the market and comprehensively analyze their market size and core competencies
  • To track and analyze competitive developments, such as new product launches; mergers and acquisitions; and partnerships, agreements, and collaborations in the global SOC as a service market

Scope of the report

Report Metric

Details

Market size available for years

2017–2024

Base year considered

2018

Forecast period

2019–2024

Forecast units

Value (USD Million)

Segments covered

Component, service type, application area, offering type, industry vertical, and region

Geographies covered

North America, Europe, APAC, MEA, and Latin America

Companies Covered

AlienVault (US), BlackStratus (US), Cygilant (US), Thales e-Security (France), Alert Logic (US), Proficio (US), Netmagic Solutions (India), Arctic Wolf Networks (US), AQM Technologies (India), ESDS Software Solution (India), Suma (India), GA Systems (Australia), Expel (US), RadarServices (Austria), and StratoZen (US)

The research report categorizes the SOC as a service market based on component, solution, service type, application areas, offering types, industry vertical and region.

By Component, the SOC as a service market has the following segments:

  • Solution
  • Services
    • Professional Services
      • Consulting Services
      • Training and Education
      • Support and Maintenance
    • Managed Services

On the basis of Application area, the SOC as a service market has the following segments:

  • Network Security
  • Endpoint Security
  • Application Security
  • Database Security
  • Others (web security, cloud security and content security)

On the basis of Offering Type, the SOC as a service market has the following segments:

  • Fully Managed
  • Co-Managed or Hybrid

On the basis of Organization size, the SOC as a service market has the following segments:

  • Small and Medium-sized Enterprises (SMEs)
  • Large Enterprises

On the basis of Industry Vertical, the SOC as a service market has the following segments:

  • BFSI
  • Government and Public Sector
  • IT and Telecom
  • Healthcare
  • Retail
  • Manufacturing
  • Energy and Utilities
  • Others (Media and Entertainment, Travel and Hospitality, and Education)

On the basis of Region, the SOC as a service market has the following segments:

  • North America
    • United States (US)
    • Canada
  • Europe
    • United Kingdom (UK)
    • Germany
    • Rest of Europe
  • Asia Pacific (APAC)
    • China
    • Japan
    • India
    • Rest of APAC
  • Middle East and Africa (MEA)
    • Middle East
    • Africa
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America

Available Customizations

With the given market data, MarketsandMarkets offers customizations as per the company’s specific needs. The following customization options are available for the report:

Product Analysis

  • Product matrix that gives the detailed comparison of the product portfolio of each company

Geographic Analysis

  • Further breakup of the North American SOC as a service market
  • Further breakup of the European market
  • Further breakup of the APAC market
  • Further breakup of the MEA market
  • Further breakup of the Latin American market

Company Information

  • Detailed analysis and profiling of the additional market players
Report Code
TC 7101
Published ON
May, 2019
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