The Increase In The Growth Of Cybersecurity Incidents Across The Globe Has Led To The Rise In The SOC As A Service Market.
Dallas, United States - April 22, 2021 /MarketersMedia/ —
The entire IT environment of an organization is monitored from a centralized location commonly referred as Security Operation Center or SOC. This centralized system helps business professionals prevent their system from cyber-attacks, detecting and mitigating risk areas, and more. Today, most the digitalized businesses face security threats or cyber-attacks such as denial of service (DOS) attacks, malicious codes, botnets, web attacks, phishing, and malware. But, a well-structured Security Operation Center can efficiently safeguard the online systems and the organization from such cyber-attacks. The increasing adoption of digital businesses has escalated the rate of cyber-attacks. Therefore, businesses are adopting Security Operation Center as a Service to prevent their businesses from online fraud and other cyber-attacks. Thus, this has spurred the SOC as a Service Market.
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Other prominent services offered in the SOC as a Service Market are Penetration Testing, Behavioral Monitoring, Security Intelligence, SIEM event correlation, Vulnerability Assessment, Threat Haunting, Incident Response Handling (IRH), and Threat Intelligence. Due to these services various benefits are offered to the system and the overall enterprise such as end-to-end threat visibility, business continuity, safeguarding digital assets, and more.
Most importantly, the Covid-19m pandemic has brought all the businesses to a standstill whereby the businesses have become more dependent on online business to sustain the market situation and provide continued services to the customers. Thus, the internet ecosystem is pivotal to businesses across the globe. The sectors such as BFSI, retail, public sectors, private sectors, and more are leveraging the internet to provide the services. But along with the benefits, the business systems have also become vulnerable to cyber-attacks which have inclined them to adopt the SOC as a Service spurred thereby propelling the SOC as a Service Market. The countries leading the SOC as a Service Market are the U.S, Austria, India, Germany among others.
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The major players of the global SOC as a Service market are AlienVault, BlackStratus, Cygilant, Thales E-security, Alert Logic, Proficio, and more.
Segment Overview of Global SOC as a Service Market
Component Overview, 2018-2028 (USD Million)
• Solution
• Services
o Consulting
o Training and Education
o Support and Maintenance
Service Type, 2018-2028 (USD Million)
• Prevention Service
• Detection Service
• Incident Response Service
Offering Type, 2018-2028 (USD Million)
• Fully Managed
• Co-Managed or Hybrid
Application Area, 2018-2028 (USD Million)
• Network Security
• Endpoint Security
• Database Security
• Others
Industry Vertical, 2018-2028 (USD Million)
• BFSI
• Government and Public Sector
• IT and Telecom
• Healthcare
• Retail
• Manufacturing
• Energy and Utilities
• Others
Regional Overview, 2018-2028 (USD Million)
• North America
o U.S.
o Canada
• Europe
o UK
o Germany
o France
o Rest of Europe
• Asia Pacific
o China
o Japan
o India
o Rest of Asia-Pacific
• Middle East and Africa
o UAE
o South Africa
o Rest of Middle East and Africa
• South America
o Brazil
o Rest of South America
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