Dallas, Texas, Oct. 09, 2020 (GLOBE NEWSWIRE) -- The “SOC as a Service Market By Component( Solution, Services {Consulting, Training and Education, Support and Maintenance}), Service Type (Prevention, Detection & Incident Response), Offering Type (Fully Managed, Co-managed or Hybrid), Application Area (Network Security, Endpoint Security, Database Security, Others), Industry Vertical (BFSI, Government and Public, Healthcare, IT & Telecom, Retail, Manufacturing, Energy and Utilities, Others) and Region (North America, Europe, Asia Pacific, Middle East & Africa, South America), Global Forecast to 2018 to 2028” study provides an elaborative view of historic, present and forecasted market estimates.
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The factors such as the increase in the adoption of cloud-based solutions across enterprises have led to the rise in the market. Besides, security attacks have increased among the various organization, and with the present scenario of COVID-19, the cybersecurity risk have increased drastically. Hence it is expected that the global SOC as a Service market size is projected to reach USD 4,167 million by 2028
The services segment helps vendors of security in identifying frauds and risks and helping customers in maintaining SOC easily. With the growth of the service segment in recent years, the vendors have adopted various services to the customers such as consulting, training, maintenance, and support services.
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The global SOC as a Service market is segmented into solutions and services. The text analytics segment is anticipated to dominate its position within the customer success platform market over the forecast period. The SOC as a service address critical business problem with unprecedented effectiveness by integrating data from various sources, such as CRM systems, websites, email, social media, and different third-party websites. Vendors within the industry deliver such solutions as complete software or standalone platforms depending on several needs, such as churn analysis, workflow management, customer onboarding, and sales & marketing management.
Government and Public sector enterprises deal with a huge amount of data, which has led to the adoption of SOC as a service in recent times. The government is supporting such technologies with the rise of digitalization and increment in smart cities. As these sectors, deal with crucial data, the risk of cyberattacks is on the surge in the coming years, due to which the government sector has the highest growth rate in the forecast period.
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The global SOC as a Service market is divided into a wide range to North America, Europe, APAC, South America, and the Middle East & Africa. North America is considered a mature market in the SOC as a Service application, owing to the present number of organizations with the availability of technical expertise and advanced IT infrastructure. The US and Canada are the highest contributory nations to the expansion of the SOC as a Service industry in North America.
The major players of the global SOC as a Service market are AlienVault, BlackStratus, Cygilant, Thales E-security, Alert Logic, Proficio, and more. The SOC as a Service market is fragmented with the existence of well-known global and domestic players across the globe.
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Major Points from Table of Contents:
Chapter 1 Introduction
Chapter 2 Research Methodology
Chapter 3 Executive Summary
Chapter 4 Market Outlook
Chapter 5 SOC as a Service Market By Component
Chapter 6 SOC as a Service Market By Service Type
Chapter 7 SOC as a Service Market By Offering Type
Chapter 8 SOC as a Service Market by Service Type Area
Chapter 9 SOC as a Service Market By End-User
Chapter 10 SOC as a Service Market By Region
Chapter 11 Competitive Landscape
Chapter 12 Company Profiles
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