Latest News- SOC As A Service Market: Large enterprises is expected to lead the End-user segment during 2025-2029

The SOC As A Service Market is being driven by Rising bring-your-own-device and work-from-home model

The SOC As A Service Market is expected to grow at a CAGR of 14.5% during 2024 and 2029. During this period, the market is also expected to show a growth of USD 4749.4 million. In today's business landscape, the importance of securing digital operations has never been more paramount, with organizations worldwide transitioning to remote work and relying on minimal security infrastructures. To ensure compliance with stringent data protection regulations, governments are mandating the adoption of Security Operations Centers (SOC) as a Service. The significance of robust data protection cannot be overstated, as it is essential for managing risks and addressing growing concerns regarding data privacy. Notably, governments are investing heavily in upgrading their IT environments, particularly in developing nations like China and India. Failure to comply with these regulations can result in substantial fines imposed by the authorities. 

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Which Factors Are Causing a Surge in Market Growth?

The market is segmented based on

• End-user
  • Large enterprises
  • SMEs
• Service
  • Prevention services
  • Incident response services
  • Detection services
• Deployment
  • Cloud-based
  • On-premises
• Geography
  • North America
    • Canada
    • US
  • Europe
    • Germany
    • UK
    • France
    • Italy
    • Spain
  • APAC
    • China
    • India
    • Japan
  • South America
  • Middle East and Africa

According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows: 

• Rising bring-your-own-device and work-from-home model
• Increasing cyber risks and threats
• Increasing demand for IoT-managed services

However, the market also witnesses some limitations, which are as follows:

• Limited trust in SOC as a Service companies
• Need for high investments to meet information security requirements
• Lack of expertise and knowledge of cloud resources

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Market Scope in SOC As A Service Market Research Report

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Research Analysis Overview

The SOC as a Service market encompasses various offerings, including cloud infrastructure security, data center protection, application and network security, identity management and access control, data backup and recovery, low-code/no-code development, software integration, API management, microservices architecture, cloud migration, hybrid cloud solutions, data governance, compliance, data analytics, business analytics, data visualization, edge computing, mobile-first design, user interface and experience design, customer journey mapping, segmentation, digital marketing, marketing analytics, social media analytics, Microsoft Dynamics, and Microsoft Azure security. These services ensure the secure and efficient operation of businesses in the digital age.

Market Research Overview

In the SOC as a Service market, businesses leverage SaaS platforms and cloud-based software to outsource security operations on a subscription model. Inputs for data processing include various suppliers such as land providers, financing institutions, local transportation services, and equipment suppliers. Establishing long-term relationships and implementing advanced inventory management systems ensure efficient stock control. The labor force comprises management and marketing executives overseeing direct operations. Data sourcing is crucial in today's digital landscape, requiring evaluation of various data sources based on cost, coverage, and quality. Companies maintain an inventory of data sources and metadata for effective description and utilization. Data security and privacy are paramount, with integration services ensuring seamless implementation and protection of sensitive information.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/