One area of the cybersecurity industry that is quickly growing is the Security Operations Center as a Service (SOCaaS) market. The term SOCaaS describes the process of contracting out a business's security operations center operations to an outside service provider. Under this approach, companies entrust outside specialists to keep an eye on, identify, address, and resolve security-related issues and dangers on their behalf.
SOC-as-a-service, which employs an entire outside SOC team to watch security networks for security incidents, provides many businesses with security advantages over alternative approaches. It saves copious amounts of time and money. Given the rise in online data theft and cybercrime, many businesses have begun to detect and eliminate malware. The rise in cyberattack instances has been exacerbated by digitalization. Businesses can save extra costs by using SOC as a-service. The need for cybersecurity expertise has grown since the introduction of cloud infrastructure and SaaS applications.
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Companies Mentioned:
- Check Point Software Technologies Ltd
- AlienVault (AT & T Cybersecurity)
- BlackStratus
- Cygilant Inc.
- Thales e-Security, Inc.
- Alert Logic Inc.
- Proficio
- Netmagic Solutions (NTT DATA)
- Arctic Wolf Networks Inc.
- ESDS Software Solution Pvt. Ltd.
- Suma Soft Private Limited
- Expel Inc
- RadarServices Smart IT-Security GmbH
- Fortinet, Inc.
- Binary Defense
- eSentire, Inc.
- CYREBRO
- Cybersafe Solutions Llc
- Digital Hands
- Cysiv Inc
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The Report on SOC as a Service Marketprovides detailed analysis of segments in the market based on:
By Service Type
· Prevention Service
· Detection Service
· Incident Response Service
By Applications
· Network Security
· Application Security
· Endpoint Security
· Cloud Security
· Others
By Enterprise Size
· Large Enterprises
· SMEs
By Region
· North America (U.S., Canada, Mexico)
· Europe (Germany, U.K., France, Italy, Russia, Spain, Rest of Europe)
· Asia-Pacific (China, India, Japan, Singapore, Australia, New Zealand, Rest of APAC)
· Middle East & Africa (Turkey, Saudi Arabia, Iran, UAE, Africa, Rest of MEA)
· South America (Brazil, Argentina, Rest of SA)
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Key Industry Developments in the SOC As A Service Market
- In June 2023, AT&T (France) partnered with Vertek (US) to offer Unified Security Management (USM) Anywhere services to enterprises. The collaboration involved Vertek’s advanced SOC, providing proactive and predictive threat detection and mitigation services to safeguard clients from global cyber threats. Further, the SOC services offered by Vertek, powered by AT&T Cybersecurity’s platform, encompass real-time intrusion detection, monitoring, response, vulnerability scanning, behavioral monitoring, and SIEM and log management.
- In April 2022, NTT Communications (Japan) introduced “OsecT,” a cloud-based security service that visualizes and identifies security risks within control systems for factory production lines, primarily focusing on SMEs. The service’s visualization and detection capabilities aligned with the goals of SOCaaS by enhancing risk visibility and enabling prompt responses to anomalies. By addressing potential vulnerabilities in control systems, “OsecT” contributed to a more secure and resilient manufacturing environment, aligning with the broader objectives of the SOCaaS market.
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