QatarBusinessToday.com
No Result
View All Result
  • About Us
  • Contact Us
  • Business
  • Energy
  • Finance
  • Healthcare
  • Real Estate
  • Travel
  • Tech
  • Middle East
  • Press Releases
Submit a Press Release
  • Business
  • Energy
  • Finance
  • Healthcare
  • Real Estate
  • Travel
  • Tech
  • Middle East
  • Press Releases
No Result
View All Result
QatarBusinessToday.com
Submit PR
Home Press Releases

SOC as a Service Market Predicted to Grow $10.1 billion by 2027

Newsroom by Newsroom
September 16, 2022
Share on FacebookShare on Twitter


(EMAILWIRE.COM, September 16, 2022 ) According to research report “SOC as a Service Market by Component, Service Type (Vulnerability Assessment & Threat Detection, and Incident Response), Offering Type (Fully Managed & Co-managed), Application Area, Industry Vertical and Region – Global Forecast to 2027″, size is expected to grow from an estimated value of USD 6.1 billion in 2022 to USD 10.1 billion by 2027, at a Compound Annual Growth Rate (CAGR) of 10.5% from 2022 to 2027. Some of the factors that are driving the market growth includes cumbersome administration after threat detection, surge in trends such as BYOD, CYOD, and WFH and an exponential rise in security breaches and sophistication of cyberattacks. However, scarcity of skilled cybersecurity professionals among enterprises is expected to hinder the market growth.

Browse 462 market data Tables and 51 Figures spread through 358 Pages and in-depth TOC on “SOC as a Service Market – Global Forecast to 2027”

Download PDF Brochure : https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=31262563

By service type, Incident response segment to grow at a higher CAGR during the forecast period

Based on service types, the SOCaaS market is segmented into two categories such as vulnerability assessment & threat detection and incident response. These services assist organizations in protecting systems from exploitation and data losses. A major trend influencing the SOCaaS market is the complexity of the advanced technologies. The incident response service refers to a predefined and an organized set of procedures and approaches that need to be followed in the event of cyberattacks, which are also known as cyber incidents, security incidents, and Information Technology (IT) incidents. The service is a systematic process to manage and address complex cyberattacks post-detection, and help enterprises recover IT damages and data losses. It helps organizations handle and manage not only the aftermath of attacks but also define a clear set of protocols that need to be followed before and during security incidents.

By organization size, SMEs to grow at a higher CAGR during the forecast period

Based on organization size, the SOCaaS market is segmented into large enterprises and SMEs. This segmentation has been done based on the number of employees working in organizations. Small businesses are expected to witness faster growth in the adoption of SOCaaS. SMEs are defined as organizations with an employee strength ranging from 1 to 1,000. In the current scenario, SMEs face different IT challenges due to their small staff and tight financial budget. Managed services are becoming necessary for SMEs due to high-security risks as they do not follow any formal security policies. In the case of SMEs, cybersecurity comes into consideration after a cyberattack has happened. The increasing demand for security from SMEs for improving their productivity and pooling of knowledge base has triggered vendors to provide services at a lower cost. SOCaaS is the best fit for SMEs as cost-effectiveness is the biggest advantage. The adoption and acceptance of SOCaaS by SMEs will help expand their customer base and enhance business efficiency.

Request Sample Pages : https://www.marketsandmarkets.com/requestsampleNew.asp?id=31262563

By region, Asia Pacific to grow at the highest CAGR during the forecast period

In recent years, APAC has undergone tremendous economic growth, political transformations, and social changes. Due to the increasing sophistication levels of threats, countries such as China, India, and Japan have all updated or introduced new national cybersecurity policies. These countries have many established SMEs, which are growing at an exponential rate to cater to their large customer base. To increase production speed and business performance organizations are transforming their businesses to cloud. cloud-based applications is widely being adopted by verticals such as BFSI, government, and IT and telecom to reduce their overall cost, which is driving the demand for cloud-based security solutions. Increasing frequency of security breaches, the growing stringent government regulations, and the rising adoption of standard security or traditional security solutions

Key Players

Major vendors in the global SOC as a Service market include AT&T (US), IBM (US), NTT (Japan), Verizon (US), Proficio (US), ConnectWise (US), Fortinet (US), Atos (France), TCS (India), Check Point (Israel), Cloudflare (US), Kaseya (US), Arctic Wolf (US), ESDS Software Solutions (India), Suma Soft (India), Clear Network (US), Stratosphere Network (US), Silversky (US), Expel (US), Binary Defense (US), eSentite (Canada), Cyrebro (Israel), Segra (US), SecureKloud (India), Nettitude Ltd (UK), Radar Cybersecurity (Austria), IARM Information Security (India), CyberSecOp (US), eSec Forte(India), Cysiv (US), Airbus Cybersecurity (France), Novacoast (US), Cyflare (US), Tracelay (India), Bitlyft (US), SafeAeon (US), SOCwise (Hungary), Eventus Tech Solutions (India).

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the “Growth Engagement Model – GEM”. The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write “Attack, avoid and defend” strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, “Knowledgestore” connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

Contact:
Mr. Aashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
sales@marketsandmarkets.com



Source link

Previous Post

ECG Cables and Lead Wires Market worth $3.0 billion by 2026

Next Post

What Does the Uber Hack Dhows? India Stood 4th in the Global Crypto Adoption Index: Tech Market Roundup – Analytics Insight

Related Posts

3D Surveillance Software Market to Hit USD 176.66 Bn by 2029: Competitive Landscape, Trends, Statistics, and Segmentation
Press Releases

3D Surveillance Software Market to Hit USD 176.66 Bn by 2029: Competitive Landscape, Trends, Statistics, and Segmentation

May 29, 2023
Lighting Transformer Market to reach USD 3 Bn by 2029, emerging at a CAGR of 5.4 percent and forecast (2023-2029)
Press Releases

Lighting Transformer Market to reach USD 3 Bn by 2029, emerging at a CAGR of 5.4 percent and forecast (2023-2029)

May 29, 2023
Conventional Oil Market to reach USD 3493.71 Bn by 2029, emerging at a CAGR of 3.8 percent and forecast (2023-2029)
Press Releases

Conventional Oil Market to reach USD 3493.71 Bn by 2029, emerging at a CAGR of 3.8 percent and forecast (2023-2029)

May 29, 2023
Press Releases

Identity Verification Market Size, Share, Growth, Trends and Forecast – 2027

May 29, 2023
Press Releases

Latin America: Opportunities and Challenges in On-Orbit Satellite Servicing (2023-2030)

May 29, 2023
Press Releases

DataOps Platform Market Outlook To 2028 | Precise Scenario with Latest Trends, Opportunities, Growth Overview

May 29, 2023

Recommended Stories

Microfiltration Membranes Market Size, Share, Growth Prospects, Expert Reviews and Key Opportunities by 2027

March 7, 2023

Leading healthcare experts from MENA and beyond to explore the future of precision medicine in the region at PMES 23 this month – ZAWYA

May 22, 2023

Mobile Device Management MarketSize, Landscape, Industry Analysis, Business Outlook, Current and Future Growth By 2026

September 27, 2022

Popular Stories

  • ZainTech partners with LigaData to deliver data-driven digital services in MENA

    ZainTech partners with LigaData to deliver data-driven digital services in MENA

    0 shares
    Share 0 Tweet 0
  • Exchange goods, vehicles, or property for crypto on Bazaars

    0 shares
    Share 0 Tweet 0
  • Rastec Real Estate holds groundbreaking for mixed-use building project

    0 shares
    Share 0 Tweet 0
  • Qatari Ministry, Meta partnership seeks growth of digital innovation ecosystem

    0 shares
    Share 0 Tweet 0
  • Al Futtaim Group Real Estate partners with TIER Mobility for micro-mobility services at Dubai Festival City – MEConstructionNews.com

    0 shares
    Share 0 Tweet 0

Qatar Business Today™ publishes and aggregates business, socio-economic, Tech and industrial news on Qatar, Middle East and North Africa (MENA)..

Press release distribution services:

We provide press release distribution to media in Qatar, the Arab world and the GCC/MENA regions. Submit a press release today, contact us.

Recent News

.
  • AND BEYOND: A new era of Production and Digital Engagement with Marwan Khoury
  • Qatar Airways increases flights to Amman as of next week – Ammon News
  • ‘Project Qatar to play key role in achieving QNV 2030’ – ZAWYA
  • Qatar pumps funds into Central Bank reserves after $5.2 billion budget surplus – Doha News

Categories

Business
Energy
Finance
Healthcare
Real Estate
Travel
Tech
Middle East
Press Releases

Subscribe to Our Newsletter

    Qatar Business Today™ is part of GroupWeb Media Network. © 2023 GroupWeb Media LLC
    • About Us
    • Contact Us
    • Submit a Press Release
    No Result
    View All Result
    • Business
    • Energy
    • Finance
    • Healthcare
    • Real Estate
    • Tech
    • Travel
    • Middle East
    • Press Releases
    • About Us
      • Contact Us
      • Submit a Press Release

    Qatar Business Today™ is part of GroupWeb Media Network. © 2023 GroupWeb Media LLC