SOC as a Service Market by Component (Solutions and Services), Service Type (Prevention, Detection, and Incident Response), Offering Type (Fully Managed and Co-Managed), Application Area, Industry Vertical, and Region - Global Forecast to 2024

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Date: 15-May-2019
No. of pages: 129
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Exponential rise and sophistication of cyber-attacks and cumbersome administration after threat detection to drive the overall SOC as a service market

The global SOC as a service market size is expected to grow from USD 372 million in 2019 to USD 1,137 million by 2024, at a Compound Annual Growth Rate (CAGR) of 25.0% during the forecast period. Various factors such as exponential rise and sophistication of cyber-attacks and cumbersome administration after threat detection are expected to drive the market. However, organizations’ uncertainty about cloud-based security services may restrain the market growth.

Solution segment to hold a larger market size during the forecast period

The solution segment is expected to hold a larger market size in the SOC as a service market during the forecast period. SOC as a service vendors help enterprises in providing necessary knowledge, awareness, and risk background to understand threats to its environment and react appropriately. The solution helps enterprises identify the existing security posture of their information systems and infrastructure, and combat against cybersecurity threats. Hence, organizations are adopting SOC as a service solutions to manage their business sensitive applications.

Among offering type, co-managed or hybrid segment to grow at a higher CAGR during the forecast period

Under offering type, SOC as a service market is segmented by fully managed and co-managed or hybrid segments. The co-managed or hybrid segment is set to grow at a higher CAGR during the forecast period. The hybrid or co-managed model for SOC and SIEM provides organizations with greater control and visibility into their IT infrastructure. Organizations can extend their internal security team by adopting hybrid or co-managed SIEM and SOC services. The hybrid service provides comprehensive data protection and prevents the damages caused by security breaches. Owing to these factors, organizations are adopting the co-managed or hybrid model.

North America to account for the largest market size, whereas Asia Pacific (APAC) to grow at the highest CAGR

North America is projected to hold the largest size of the SOC as a service market from 2019 to 2024, owing to the early adoption of the SOC as a service solution in the region across various application areas, such as network security, endpoint security, and database security. The concentrated presence of large number of SOC as a service solution and services providers in the US is also expected to drive revenue growth from the region.The APAC market is expected to grow at the highest CAGR during the forecast period, owing to notable adoption of the technology as enterprises across utilities industries are now adopting SOC as a service solutions to better manage their IT infrastructure.

In-depth interviews were conducted with Chief Executive Officers (CEOs), marketing directors, other innovation and technology directors, and executives from various key organizations operating in the SOC as a service marketplace.


  • By Company: Tier 1 – 55%, Tier 2 – 20%, and Tier 3 – 25%

  • By Designation: C-level – 50%, Director level – 25%, and Others – 25%

  • By Region: North America – 45%, Europe – 25%, APAC – 20%, Latin America – 5%, Middle East and Africa: – 5%


Major vendors in the global SOC as a service market include AlienVault (US), BlackStratus (US), Cygilant(US), Thales e-Security (France), Alert Logic (US), Proficio (US), Netmagic Solutions (India), Arctic Wolf Networks (US), AQM Technologies (India), ESDS Software Solution (India), Suma (India), GA Systems (Australia), Expel (US), Radar Services(Austria), and StratoZen (US).

Research Coverage

The market study covers the SOC as a service market across segments. It aims at estimating the market size and the growth potential of the market across segments, such as component (solution and service), offering type, service type, application area,industry vertical, and region. The study also includes an in-depth competitive analysis of the key players in the market, along with their company profiles, key observations related to product and business offerings, recent developments, and key market strategies.

Key Benefits of Buying the Report

The report will help the market leaders/new entrants in the SOC as a service market with information on the closest approximations of the revenue numbers for the overall SOC as a service market and the sub segments. The report will help stakeholders understand the competitive landscape and gain more insights to better position their businesses and to plan suitable go-to-market strategies. The report also helps stakeholders understand the pulse of the market and provides them with information on key market drivers, restraints, challenges, and opportunities.

SOC as a Service Market by Component (Solutions and Services), Service Type (Prevention, Detection, and Incident Response), Offering Type (Fully Managed and Co-Managed), Application Area, Industry Vertical, and Region - Global Forecast to 2024

Table of Contents

1 Introduction
1.1 Objectives of the Study
1.2 Market Definition
1.3 Market Scope
1.3.1 Market Segmentation
1.3.2 Regions Covered
1.4 Years Considered for the Study
1.5 Currency
1.6 Stakeholders

2 Research Methodology
2.1 Research Data
2.1.1 Breakup of Primary Participants’ Profiles
2.1.2 Key Industry Insights
2.2 Market Breakup and Data Triangulation
2.3 Market Size Estimation
2.4 Factor Analysis
2.5 Assumptions for the Study
2.6 Limitations of the Study

3 Executive Summary

4 Premium Insights
4.1 Attractive Market Opportunities in the SOC as a Service Market
4.2 Market By Component, 2019
4.3 Market By Offering Type, 2019–2024
4.4 Market Market Share of Top 3 Industry Verticals and Regions, 2019
4.5 Market By Service Type, 2019
4.6 Market By Application Area, 2019
4.7 Market Top 3 Industry Verticals
4.8 Market Investment Scenario

5 Market Overview
5.1 Introduction
5.2 Market Dynamics
5.2.1 Drivers
5.2.1.1 Exponential Rise and Sophistication of Cyber-Attacks
5.2.1.2 Cumbersome Administration After Threat Detection
5.2.2 Restraints
5.2.2.1 Organizations’ Uncertainty About Cloud-Based Security Services
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 Leveraging AI, Machine Learning, and Blockchain Technologies for Cyber Defense
5.2.4 Challenges
5.2.4.1 Scarcity of Skilled Cybersecurity Professionals Among Enterprises
5.3 Use Cases
5.3.1 Adoption of SOC as a Service for Maintaining Network Security Parameters
5.3.2 Dependence of Hi-Tech Semiconductor Equipment Supplier on Security Event Monitoring System
5.3.3 Demand for Cost-Effective Solution Among Healthcare Industry for Reduced Risk of A Data Breach

6 SOC as a Service Market, By Component
6.1 Introduction
6.2 Solution
6.2.1 Need to Secure Enterprise From Cyber Threats in Real-Time to Drive the Growth of Solution Segment
6.3 Services
6.3.1 Consulting
6.3.1.1 Need for Enhancing Organizations’ Strategic Outlook to Drive the Demand for Consulting Services
6.3.2 Training and Education
6.3.2.1 Growing Need Among Enterprises for Eliminating Knowledge Gaps to Boost Growth of Training and Education Services
6.3.3 Support and Maintenance
6.3.3.1 Growing Need for Emergency Response Management to Drive the Demand for Support and Maintenance Services

7 SOC as a Service Market, By Service Type
7.1 Introduction
7.2 Prevention Service
7.2.1 Need to Detect Threats at Early Stages Will Increase the Adoption of Prevention Services
7.3 Detection Service
7.3.1 Need for Detecting Insider Threats Proactively to Drive the Growth of Detection Services
7.4 Incident Response Service
7.4.1 Need to Investigate an Attack and Proactively Recover From Cyber Threat Will Increase the Adoption of Incident Response Service

8 SOC as a Service Market, By Offering Type
8.1 Introduction
8.2 Fully Managed
8.2.1 to Secure Organizational Assets, 24/7, Organizations are Moving Toward Fully Managed SOC
8.3 Co-Managed Or Hybrid
8.3.1 to Outsource Selected Cybersecurity Responsibilities to Mssp’s Will Drive the Growth of Co-Managed Offerings

9 SOC as a Service Market, By Application Area
9.1 Introduction
9.2 Network Security
9.2.1 Implementation of Network Security Strategies Among Organizations to Fuel the Growth of Market
9.3 Endpoint Security
9.3.1 Rising Byod and Choose Your Own Devices Trends to Force Organizations Implement Endpoint Security Services
9.4 Application Security
9.4.1 Rising Application-Based Attacks to Drive the Growth of Application Security
9.5 Database Security
9.5.1 Rising Migration of Sensitive Records Within Database to Fuel the Growth for Database Security Segment
9.6 Others

10 SOC as a Service Market, By Industry Vertical
10.1 Introduction
10.2 Banking, Financial Services, and Insurance
10.2.1 SOC as a Service Solutions to Help Banking, Financial Services, and Insurance Organizations Adhere to Stringent Regulatory Compliances for Enhancing Their Cloud-Based Applications and Platforms
10.3 Government and Public Sector
10.3.1 Government Industry Vertical to Show Increasing Deployment of SOC as a Service Solutions to Protect Sensitive Data of Citizens, as Well as Organizations
10.4 IT and Telecom
10.4.1 Increasing Demand for Web, Mobile, and Cloud-Based Applications to Drive the Demand for SOC as a Service Solutions in IT and Telecom Industry Vertical
10.5 Healthcare
10.5.1 Growing Threats on Network and Endpoints, and Need to Comply to HIPAA to Increase the Adoption of SOC as a Service Solutions in Healthcare Industry Vertical
10.6 Retail
10.6.1 Growing Need to Adhere to PCI DSS and General Data Protection Regulation Compliance in the Advent of Growing Cloud-Based Applications to Spur the Demand for SOC as a Service Solutions in Retail Vertical
10.7 Manufacturing
10.7.1 Harnessing Machine-To-Machine Systems, Mobile Apps, Iot, and Cloud-Based Services to Fuel the Growth of SOC as a Service Solutions in Manufacturing Industry Vertical
10.8 Energy and Utilities
10.8.1 Demand for IoT and Cloud-Based Applications to Spur the Demand for SOC as a Service Solutions in Energy and Utilities Industry Vertical
10.9 Others

11 SOC as a Service Market, By Region
11.1 Introduction
11.2 North America
11.2.1 United States
11.2.1.1 Rising Instances of Criminal Activities and Terrorist Attacks to Increase the Demand for Physical Security in the US
11.2.2 Canada
11.2.2.1 Increasing Migration Toward Cloud-Based Technologies to Drive the Growth of SOC as a Service Solutions in Canada
11.3 Europe
11.3.1 United Kingdom
11.3.1.1 Demand for Enhanced Security in Enterprises and Industrial Sectors to Further Propel the Growth of the Market in the UK
11.3.2 Germany
11.3.2.1 Demand for Cloud-Based Services to Increase the Need for SOC as a Service Solutions in Germany
11.3.3 Rest of Europe
11.4 Asia Pacific
11.4.1 China
11.4.1.1 Growing Need for Security Systems for Large-Scale Industrialization in China to Lead the Implementation of SOC as a Service
11.4.2 Japan
11.4.2.1 Strong Technological Advancements in the BFSI and Government Sector Industry Vertical to Lead the Growth of Physical Security Systems in Japan
11.4.3 India
11.4.3.1 Rising Demand for Online Transactions Over Cloud-Based Platforms to Spur the Demand for SOC as a Service Solutions in India
11.4.4 Rest of Asia Pacific
11.5 Middle East and Africa
11.5.1 Middle East
11.5.1.1 Increasing Awareness of Security Threats and Growing It Spending to Drive the Market
11.5.2 Africa
11.5.2.1 Need to Protect the Critical Infrastructure is Driving the Growth in the Market
11.6 Latin America
11.6.1 Brazil
11.6.1.1 Service Specific Attacks, Malware, Phishing, Ddos, and Reconnaissance to Be Major Threat Vectors, Which Have Forced Enterprises to Increase Adoption of SOC as a Service
11.6.2 Mexico
11.6.2.1 Increasing Volume of Data and Increased Instances of Insider and Outsider Threats are Forcing Enterprises and Organization to Adopt SOC as a Service
11.6.3 Rest of Latin America

12 Competitive Landscape
12.1 Competitive Leadership Mapping
12.1.1 Progressive Companies
12.1.2 Responsive Companies
12.1.3 Dynamic Companies
12.1.4 Starting Blocks
12.2 Key Developments in SOC as a Service Market
12.2.1 Partnerships, Agreements, and Collaborations
12.2.2 New Product Launches/Product Enhancements
12.2.3 Business Expansions

13 Company Profiles
13.1 Introduction
(Business Overview, Solutions Offered, Recent Developments, SWOT Analysis, and MnM View)*
13.2 AlienVault
13.3 BlackStratus
13.4 Cygilant
13.5 Thales e-Security
13.6 Alert Logic
13.7 Proficio
13.8 Netmagic Solutions
13.9 Arctic Wolf Networks
13.10 AQM Technologies
13.11 ESDS Software Solution
13.12 Suma Soft
13.13 GA Systems
13.14 Expel
13.15 RadarServices
13.16 StratoZen

*Details on Business Overview, Solutions Offered, Recent Developments, SWOT Analysis, and MnM View Might Not Be Captured in Case of Unlisted Companies.

14 Appendix
14.1 Discussion Guide
14.2 Knowledge Store: Marketsandmarkets’ Subscription Portal
14.3 Available Customizations
14.4 Related Reports
14.5 Author Details

List of Tables

Table 1 United States Dollar Exchange Rate, 2015–2017
Table 2 Factors: Impact Analysis
Table 3 SOC as a Service Market Size and Growth, 2017–2024 (USD Million, Y-O-Y %)
Table 4 Market Size By Component, 2017–2024 (USD Million)
Table 5 Solution: Market Size By Region, 2017–2024 (USD Million)
Table 6 Services: Market Size By Region, 2017–2024 (USD Million)
Table 7 Services: Market Size By Type, 2017–2024 (USD Million)
Table 8 Consulting: Market Size By Region, 2017–2024 (USD Million)
Table 9 Training and Education: Market Size By Region, 2017–2024 (USD Million)
Table 10 Support and Maintenance: Market Size By Region, 2017–2024 (USD Million)
Table 11 SOC as a Service Market Size, By Service Type, 2017–2024 (USD Million)
Table 12 Prevention Service: Market Size By Region, 2017–2024 (USD Million)
Table 13 Detection Service: Market Size By Region, 2017–2024 (USD Million)
Table 14 Incident Response Service: Market Size By Region, 2017–2024 (USD Million)
Table 15 SOC as a Service Market Size, By Offering Type, 2017–2024 (USD Million)
Table 16 Fully Managed: Market Size By Region, 2017–2024 (USD Million)
Table 17 Co-Managed Or Hybrid: Market Size By Region, 2017–2024 (USD Million)
Table 18 SOC as a Service Market Size, By Application Area, 2017–2024 (USD Million)
Table 19 Network Security: Market Size By Region, 2017–2024 (USD Million)
Table 20 Endpoint Security: Market Size By Region, 2017–2024 (USD Million)
Table 21 Application Security: Market Size By Region, 2017–2024 (USD Million)
Table 22 Database Security: Market Size By Region, 2017–2024 (USD Million)
Table 23 Others: Market Size By Region, 2017–2024 (USD Million)
Table 24 SOC as a Service Market Size, By Industry Vertical, 2017–2024 (USD Million)
Table 25 Banking, Financial Services, and Insurance: Market Size By Region, 2017–2024 (USD Million)
Table 26 Government and Public Sector: Market Size By Region, 2017–2024 (USD Million)
Table 27 IT and Telecom: Market Size By Region, 2017–2024 (USD Million)
Table 28 Healthcare: Market Size By Region, 2017–2024 (USD Million)
Table 29 Retail: Market Size By Region, 2017–2024 (USD Million)
Table 30 Manufacturing: Market Size By Region, 2017–2024 (USD Million)
Table 31 Energy and Utilities: Market Size By Region, 2017–2024 (USD Million)
Table 32 Others: Market Size By Region, 2017–2024 (USD Million)
Table 33 SOC as a Service Market Size, By Region, 2017–2024 (USD Million)
Table 34 North America: Market Size By Component, 2017–2024 (USD Million)
Table 35 North America: Market Size By Service, 2017–2024 (USD Million)
Table 36 North America: Market Size By Service Type, 2017–2024 (USD Million)
Table 37 North America: Market Size By Offering Type, 2017–2024 (USD Million)
Table 38 North America: Market Size By Application Area, 2017–2024 (USD Million)
Table 39 North America: Market Size By Industry Vertical, 2017–2024 (USD Million)
Table 40 North America: Market Size By Country, 2017–2024(USD Million)
Table 41 Europe: SOC as a Service Market Size, By Component, 2017–2024 (USD Million)
Table 42 Europe: Market Size By Service, 2017–2024 (USD Million)
Table 43 Europe: Market Size By Service Type, 2017–2024 (USD Million)
Table 44 Europe: Market Size By Offering Type, 2017–2024 (USD Million)
Table 45 Europe: Market Size By Application Area, 2017–2024 (USD Million)
Table 46 Europe: Market Size By Industry Vertical, 2017–2024 (USD Million)
Table 47 Europe: Market Size By Country, 2017–2024 (USD Million)
Table 48 Asia Pacific: SOC as a Service Market Size, By Component, 2017–2024 (USD Million)
Table 49 Asia Pacific: Market Size By Service, 2017–2024 (USD Million)
Table 50 Asia Pacific: Market Size By Service Type, 2017–2024 (USD Million)
Table 51 Asia Pacific: Market Size By Offering Type, 2017–2024 (USD Million)
Table 52 Asia Pacific: Market Size By Application Area, 2017–2024 (USD Million)
Table 53 Asia Pacific: Market Size By Industry Vertical, 2017–2024 (USD Million)
Table 54 Asia Pacific: Market Size By Country, 2017–2024 (USD Million)
Table 55 Middle East and Africa: SOC as a Service Market Size, By Component, 2017–2024 (USD Million)
Table 56 Middle East and Africa: Market Size By Service, 2017–2024 (USD Million)
Table 57 Middle East and Africa: Market Size By Service Type, 2017–2024 (USD Million)
Table 58 Middle East and Africa: Market Size By Offering Type, 2017–2024 (USD Million)
Table 59 Middle East and Africa: Market Size By Application Area, 2017–2024 (USD Million)
Table 60 Middle East and Africa: Market Size By Industry Vertical, 2017–2024 (USD Million)
Table 61 Middle East and Africa: Market Size By Sub-Region, 2017–2024 (USD Million)
Table 62 Latin America: SOC as a Service Market Size, By Component, 2017–2024 (USD Million)
Table 63 Latin America: Market Size By Service, 2017–2024 (USD Million)
Table 64 Latin America: Market Size By Service Type, 2017–2024 (USD Million)
Table 65 Latin America: Market Size By Offering Type, 2017–2024 (USD Million)
Table 66 Latin America: Market Size By Application Area, 2017–2024 (USD Million)
Table 67 Latin America: Market Size By Industry Vertical, 2017–2024 (USD Million)
Table 68 Latin America: Market Size By Country, 2017–2024 (USD Million)
Table 69 Partnerships, Agreements, and Collaborations, 2018–2019
Table 70 New Product Launches/Product Enhancements, 2018–2019
Table 71 Business Expansions, 2017–2018

List of Figures

Figure 1 Global SOC as a Service Market: Research Design
Figure 2 Research Methodology
Figure 3 Market Size Estimation Methodology: Bottom-Up and Top-Down Approaches
Figure 4 Global SOC as a Service Market to Witness A Significant Growth During the Forecast Period
Figure 5 Services Segment to Grow at A Higher CAGR During the Forecast Period
Figure 6 North America to Hold the Largest Market Share in 2019
Figure 7 Fastest-Growing Segments of the SOC as a Service Market
Figure 8 Increasing Number of Cyber Threats Across Industry Verticals to Fuel the Growth of the SOC as a Service Market
Figure 9 Solutions Segment to Have A Larger Market Share During the Forecast Period
Figure 10 Professional Services Segment to Have A Larger Market Share During the Forecast Period
Figure 11 BFSI Vertical and North America to Have the Largest Market Shares in 2019
Figure 12 Detection Service Segment to Hold the Largest Market Share in 2019
Figure 13 Network Security Segment to Hold the Largest Market Share in 2019
Figure 14 Banking, Financial Services and Insurance Vertical to Have the Largest Market Share in 2019
Figure 15 Asia Pacific to Emerge as the Best Market for Investment in the Next 5 Years
Figure 16 Drivers, Restraints, Opportunities, and Challenges: SOC as a Service Market
Figure 17 Services Segment to Grow at A Higher CAGR During the Forecast Period
Figure 18 Support and Maintenance Segment to Grow at the Highest CAGR During the Forecast Period
Figure 19 Incident Response Service Segment to Grow at the Highest CAGR During the Forecast Period
Figure 20 Co-Managed Or Hybrid Segment to Grow at A Higher CAGR During the Forecast Period
Figure 21 Database Security Segment to Grow at the Highest CAGR During the Forecast Period
Figure 22 Government and Public Sector to Grow at the Highest CAGR During the Forecast Period
Figure 23 Asia Pacific to Grow at the Highest CAGR During the Forecast Period
Figure 24 North America: Market Snapshot
Figure 25 Asia Pacific: Market Snapshot
Figure 26 Global SOC as a Service Market, Competitive Leadership Mapping, for Startups, 2019
Figure 27 Key Developments By the Leading Players in the SOC as a Service Market, 2016–2019
Figure 28 AlienVault: SWOT Analysis
Figure 29 BlackStratus: SWOT Analysis
Figure 30 Cygilant: SWOT Analysis
Figure 31 Thales e-Security: SWOT Analysis
Figure 32 Alert Logic: SWOT Analysis

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