Security Operations Center Market Demand, Future Trend And Recent Development By Forecast 2027
Summary:
A new study title “Security
Operations Center market size, status and forecast 2027” has been
featured on market research future.
Market Highlights:
According to MRFR, the
Global Security Operation Center Market
is slated to register a CAGR of 10.31% over the review
period (2019–2025).
An important factor
boosting the SOC market is the increasing sophistication of cyberattacks.
Nonetheless, a factor that hinders its growth is the lack of reliability of
third-party vendors. Security operations centers are imperative to effectively
detect cyber threats and identify existing vulnerabilities within the system.
Organizations have recognized that threats can never be stopped entirely and
have thus felt the need to improve their detection capabilities in order to
respond accordingly. Meanwhile, corporate initiatives like
bring-your-own-device (BYOD) and bring-your-own-access (BYOA) to improve
employee satisfaction and efficiency, often raise cyberattack risks. These are
some of the most significant factors fueling growth in the market.
Some of the factors
driving the Security Operation Center Market
are the increasing need for businesses to minimize risks, the need for strict
compliance with regulatory requirements, and the technological advances in
cyberattacks. However, a factor limiting market growth is the lack of
reliability of third-party vendors. The growing need for banking , financial
services, and insurance (BFSI), IT and telecommunications, healthcare ,
manufacturing, and other vertical vital data security provides lucrative
opportunities for key players on the global SOC market.
Competitive Dynamics:
The Key
Players include Secureworks Inc. (US), Capgemini SE (CAPMF), Cisco Systems Inc. (US), Symantec
Corporation (US), Raytheon Company (US), Dark Matters Inc. (UAE), Netmagic
Solutions (India), Digital Guardian (US), AT&T (US), Rapid7 (US),
Alertlogic (US), F5 Networks Inc. (US), Fortinet Inc. (US), and Netdatavault
(India).
Request a Free Sample Report @ https://www.marketresearchfuture.com/sample_request/3682
Market Segmentation:
The Global Security
Operations Center Market has been segmented based on vertical, service,
organization size, model, and region.
Based on the service, the
global security operations center market has been categorized into information
security incident response service, security monitoring service, threat and
vulnerability identification, risk reporting and analytics service, digital
forensics and malware analysis service, and others.
By model, the market has
been bifurcated+- into in-house SOC and outsourced SOC.
By organization size, the
market is divided into large enterprises and SMEs. The adoption of SOCs is high
among large enterprises as compared to SMEs, as a huge investment is involved
both in terms of time and money. Due to the lack of expertise, the SMEs
are expected to move toward the outsourced SOC model which offers SOC as a
service.
By vertical, the market
has been segmented into IT & telecom, government, oil & gas, BFSI,
aerospace and defense, travel & tourism, healthcare, retail, and others. IT & telecom accounted for
the largest market share of the SOC market in 2017 and is expected to register
a CAGR of 8.85% during the forecast period. The government segment held the
second-largest market in 2017, valued at USD 4.8 billion and is anticipated to
exhibit a CAGR of 12.60%. However, the BFSI market segment is expected to
register the highest CAGR of 13.69%.
Regional Analysis:
Geographically, the core
market for global security operations was divided into four regions, namely
North America, Europe , Asia-Pacific, Middle East & Africa.
North America accounted
for the largest share on the global security operation center market; during
the forecast period, it is projected to dominate the market. The growing need
to identify, investigate, track and respond to cyber threats is the main driver
for SOC market growth in North America. The region was segmented by country
into the US, Canada , and Mexico. Asia Pacific is also projected to retain a
large share due to increased use of advanced technologies. In addition ,
growing numbers of startups across the region and supporting government
policies have reinforced Asia Pacific 's position as a service market on the
global SOC.
Establishing large
numbers of small and medium-sized businesses to meet strong demand from a large
client base has fueled growth in this sector. In addition , increasing
sophisticated cyber-attacks in China, Japan , and India are introducing new
national cyber security policies, thereby triggering demand for SOC as a
service (safety operations centre).
Table of Contents
1 Market Introduction
1.1 Introduction
1.2 Scope of Study
1.2.1 Research Objective
1.2.2 Assumptions
1.2.3 Limitations
1.3 Market Structure
2 Research Methodology
2.1 Research Type
2.2 Primary Research
2.3 Secondary Research
2.4 Forecast Model
2.4.1 Market Data Collection, Analysis &
Forecast
2.4.2 Market Size Estimation
Continued….
Browse Full Report Details @ https://www.marketresearchfuture.com/reports/security-operation-center-market-3682
List of Tables
Table 1 Security
Operation Center Market, By Technology
Table 2 Security
Operation Center Market, By Function
Table 3 Security
Operation Center Market, By Service
Continued….
List of Figures
Figure 1 Research Type
Figure 2 Security
Operation Center Market, By Technology (%)
Continued….
About Market Research
Future:
Market
Research Future (MRFR) is a global market research firm that takes great
pleasure in its services, providing a detailed and reliable study of diverse
industries and consumers worldwide. MRFR's methodology integrates proprietary
information with different data sources to provide the client with a
comprehensive understanding of the current key trends, upcoming events, and the
steps to be taken based on those aspects.
Our rapidly expanding market research
company is assisted by a competent team of research analysts who provide useful
analytics and data on technological and economic developments. Our deemed
analysts make industrial visits and collect valuable information from
influential market players. Our main goal is to keep our clients informed of
new opportunities and challenges in various markets. We offer step-by-step
assistance to our valued clients through strategic and consulting services to
reach managerial and actionable decisions.
Contact:
Market Research Future
99 Hudson Street, 5Th
Floor
New York, NY 10013
United States of
America
+1 628 258 0071 (US)
+44 2035 002 764 (UK)
Email: sales@marketresearchfuture.com
Website: https://www.marketresearchfuture.com
Comments
Post a Comment