Global SOC as a Service (SOCaaS) Industry Outlook 2020-2025 - Increasing Venture Capital Funding, Growing Investments in SOCaaS Technology
DUBLIN, Aug. 18, 2020 /PRNewswire/ -- The "SOC as a Service Market by Component, Service Type (Prevention, Detection, & Incident Response), Offering Type (Fully Managed & Co-managed), Application Area (Network Security & Endpoint Security), Industry Vertical, and Region - Global Forecast to 2025" report has been added to ResearchAndMarkets.com's offering.
The Global SOC as a Service Market is projected to grow from USD 471 million in 2020 to USD 1,656 million by 2025, at a Compound Annual Growth Rate (CAGR) of 28.6% during the forecast period. The increasing venture capital funding and growing investments in SOC as a Service technology to drive the market growth.
Major vendors include AlienVault (US), BlackStratus (US), Cygilant (US), Thales E-security (France), Alert Logic (US), Proficio (US), Netmagic (India), Arctic Wolf Networks (US), AqmTechnologies (India), ESDS Software Solution (India), Suma Soft (India), GA Systems (Australia), Expel (US), Radar Cyber Security (Austria), Stratozen (US), Fortinet (US), Binary Defense (US).
By component, services segment to grow at a higher cagr during the forecast period.
The services include the support offered by security vendors to assist their customers in using and maintaining SOCaaS efficiently. Vendors offer different services, such as consulting, training and education, and support and maintenance. The services segment has witnessed tremendous growth in recent years. Therefore, the services segment registers the highest growth rate during the forecast period.
By service type, the detection service segment to register the highest growth rate during the forecast period.
The detection service provides the ability to detect fraudulent activities across enterprise networks rapidly and responds to cyber incidents quickly and effectively. It also provides reports on security-related incidents and events and sends alerts on analyzing any malicious activity. Therefore, the detection service segment holds the highest growth rate during the forecast period.
The Asia Pacific to register the highest growth rate during the forecast period.
The Asia Pacific (APAC) has witnessed an advanced and dynamic adoption of new technologies and is expected to record the highest CAGR in the global SOC as a Service market during the forecast period. APAC constitutes major economies, such as China, Japan, Singapore, and Australia and New Zealand, which are expected to register high growth rates in the SOC as a Service market.
Industries such as financial institutions, government and public sector, healthcare, retail, manufacturing, energy and utilities, and others are expected to adopt SOC as a Service solution at the highest rate in the region. Companies operating in APAC would benefit from the flexible economic conditions, industrialization-motivated policies of the governments, as well as from the growing digitalization, which is expected to have a significant impact on the business community.
Key Topics Covered
1 Introducion
1.1 Introduction to COVID-19 1.2 COVID-19 Health Assessment 1.3 COVID-19 Economic Assessment 1.4 Objectives of the Study 1.5 Market Definition 1.6 Market Scope 1.7 Currency Considered 1.8 Stakeholders 1.9 Change in Market Outlook
2 Research Methodology
3 Executive Summary
4 Premium Insights 4.1 Attractive Opportunities in the SOC as a Service Market 4.2 Market, by Component, 2020 Vs. 2025 4.3 Market, by Service, 2020 Vs. 2025 4.4 Market, by Service Type, 2020 Vs. 2025 4.5 Market, by Offering Type, 2020 Vs. 2025 4.6 Market, by Application Area, 2020 Vs. 2025 4.7 Market, by Industry Vertical, 2018-2025 4.8 Market Investment Scenario
5 Market Overview and Industry Trends 5.1 Introduction 5.2 Market Dynamics 5.2.1 Drivers 5.2.1.1 Exponential Rise in Security Breaches and Sophisticated Cyber Attacks Across Enterprises 5.2.1.2 Higher Costs Accrued due to Endpoint Attacks 5.2.1.3 Cumbersome Administration After Threat Detection 5.2.1.4 Surge in Trends such as BYOD, CYOD, and WFH 5.2.1.5 Rapid Growth of Cybersecurity Incidents Across the Globe During the COVID-19 Pandemic 5.2.2 Restraints 5.2.2.1 Uncertainty About Cloud-Based Security Services Among Organizations 5.2.2.2 Lack of Trust Among Enterprises to Allow Full Control of System Architecture to SOCaaS Providers 5.2.2.3 Use of Free or Pirated Endpoint Protection Solutions 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 Use of AI, Machine Learning, and Blockchain Technologies to Leverage Benefits for Cyber Defense 5.2.4 Challenges 5.2.4.1 Scarcity of Skilled Cybersecurity Professionals Among Enterprises 5.2.4.2 High Cost of Innovation and Budget Constraints 5.2.4.3 Difficulty in Addressing the Complexity of Advanced Threats 5.2.4.4 Lack of Standardized Log Format 5.3 COVID-19-Driven Market Dynamics 5.3.1 Drivers and Opportunities 5.3.2 Restraints and Challenges 5.3.3 Cumulative Growth Analysis 5.4 Regulatory Implications 5.4.1 General Data Protection Regulation 5.4.2 Payment Card Industry-Data Security Standard 5.4.3 Health Insurance Portability and Accountability Act 5.4.4 Gramm-Leach-Bliley Act 5.4.5 Sarbanes-Oxley Act 5.4.6 SOC2 5.5 Use Cases 5.5.1 Adoption of SOC as a Service for Maintaining Network Security Parameters 5.5.2 Dependence of Hi-Tech Semiconductor Equipment Supplier on Security Event Monitoring System 5.5.3 Demand for Cost-Effective Solution Among Healthcare Industry to Reduce Data Breach Risks 5.5.4 Oil & Gas Conglomerate Wanted to Protect Valuable Network 5.5.5 Protecting Industries from Cybersecurity Attacks by Eliminating Cyber Threats 5.6 Value Chain 5.7 Ecosystem 5.8 Adjacent Markets
6 SOC as a Service Market: COVID-19 Impact 6.1 Introduction 6.2 COVID-19 Developments
7 SOC as a Service Market, by Component 7.1 Introduction 7.2 Solutions 7.3 Services 7.4 Consulting 7.5 Training and Education 7.6 Support and Maintenance
8 SOC as a Service Market, by Service Type 8.1 Introduction 8.2 Prevention Service 8.3 Detection Service 8.4 Incident Response Service
9 SOC as a Service Market, by Offering Type 9.1 Introduction 9.2 Fully Managed 9.3 Co-Managed or Hybrid
10 SOC as a Service Market, by Application Area 10.1 Introduction 10.2 Network Security 10.3 Endpoint Security 10.4 Database Security 10.5 Others
11 SOC as a Service Market, by Industry Vertical 11.1 Introduction 11.2 Banking, Financial Services, and Insurance 11.3 Government and Public Sector 11.4 IT and Telecom 11.5 Healthcare 11.6 Retail 11.7 Manufacturing 11.8 Energy and Utilities 11.9 Others
12 SOC as a Service Market by Region 12.1 Introduction 12.2 North America 12.3 Europe 12.4 Asia Pacific 12.5 Middle East and Africa 12.6 Latin America
13 Competitive Landscape 13.1 Introduction 13.2 Market Evaluation Framework 13.3 Revenue Analysis of Top Market Players 13.4 Competitive Leadership Mapping, 2020 13.4.1 Visionary Leaders 13.4.2 Innovators 13.4.3 Dynamic Differentiators 13.4.4 Emerging Companies 13.5 Startup/SME Evaluation Matrix, 2020 13.5.1 Progressive Companies 13.5.2 Responsive Companies 13.5.3 Dynamic Companies 13.5.4 Starting Blocks 13.6 Ranking of Key Players in the Socaas Market, 2020
14 Company Profiles 14.1 Introduction 14.2 Alienvault (AT&T Cyber Security) 14.3 Blackstratus 14.4 Cygilant 14.5 Thales e-Security 14.6 Alert Logic 14.7 Proficio 14.8 Netmagic Solutions 14.9 Arctic Wolf Networks 14.10 AQM Technologies 14.11 ESDS Software Solution 14.12 Suma Soft 14.13 GA Systems 14.14 Expel 14.15 Radar Cyber Security 14.16 Stratozen 14.17 Fortinet 14.18 Binary Defense 14.19 Blokworkx 14.20 Esentire 14.21 Continuum 14.22 iArm Information Security 14.23 Critical Start 14.24 Cyberhat 14.25 Aristi 14.26 Secuvant 14.27 Cybersecop 14.28 Esec Forte 14.29 Inspira 14.30 Socsoter 14.31 Netsurion 14.32 Startup/SME Profiles 14.32.1 Bolton Labs 14.32.2 Cybersafe 14.32.3 Cyflare 14.32.4 Insoc 14.32.5 Veronym 14.32.6 Cysiv 14.32.7 iCyberDefence 14.32.8 Avertium 14.32.9 Tracelay 14.32.10 Polylogyx 14.32.11 Cycraft 14.32.12 Cybourn 14.32.13 22KN 14.32.14 Cyfor Secure 14.32.15 Rocketcyber
For more information about this report visit https://www.researchandmarkets.com/r/e1gjy6
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