Soc As A Service Market size to grow by USD 2,795.9 million between 2022 and 2027; Growth driven by rising bring-your-own-device and work-from-home model – Technavio

NEW YORK, May 4, 2023 /PRNewswire/ — The SoC as a service market size is set to grow by USD 2,795.9 million between 2022 and 2027, progressing at a CAGR of 11.21% during the forecast period, according to Technavio Research. The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. Discover market potential and make informed business decisions based on qualitative and quantitative evidence highlighted in Technavio reports, Download Sample Report 

Although the rising bring-your-own-device and work-from-home model, increasing cyber risks and threats, and the increasing demand for IoT-managed services will offer immense growth opportunities, and it is likely to pose a challenge for the market vendors. In a bid to help players strengthen their market foothold, this SoC as a service market forecast report provides a detailed analysis of the leading market vendors. The report also empowers industry honchos with information on the competitive landscape and insights into the different product offerings offered by various companies. 

Frequently Asked Questions:

• Based on segmentation by end-user, which is the leading segment in the market?
  
  The market growth in the large enterprise segment will be significant over the forecast period.
  
   
• What are the major trends in the market?
  
  Data protection regulations and directives for cybercrime is identified as the key trend in the market.
  
   
• At what rate is the market projected to grow?
  
  The market growth is projected to grow at a CAGR of 11.21% during the forecast period.
  
   
• Who are the top players in the market?
  
  Arctic Wolf Networks Inc., AT and T Inc., Atos SE, Binary Defense Systems Inc., Check Point Software Technologies Ltd., Clearnetwork Inc., Cloudflare Inc., ConnectWise LLC, CYREBRO, eSentire Inc., Fortinet Inc., International Business Machines Corp., Kaseya Ltd., NTT Corp., ProSOC Inc., SilverSky Inc., Stratospherer Networks, Suma Soft Pvt. Ltd., Tata Consultancy Services Ltd., and Verizon Communications Inc. are the top players in the market.
  
   
• What are the key market drivers and challenges?
  
  The market is driven by the rising bring-your-own-device and work-from-home models. However, the growing demand for limited trust in SOC-as-a-Service vendors will challenge the market growth.
  
   
• How big is the North American market?
  
  North America will account for 40% of the market growth during the forecast period.

Soc As A Service Market 2023-2027: Segmentation

The Soc as a service Market is segmented as below:

• End-user 
• Large Enterprises
• SMEs
• Service 
• Prevention Services
• Incident Response Services
• Detection Services
• Geography 
• North America
• Europe
• APAC
• South America
• Middle East and Africa

The market growth in the large enterprises segment will be significant over the forecast period. The segment is driven by the large scope of operations and the rising security threats to large enterprises. Managed Security Service Providers (MSSPs) are establishing themselves as SOC service suppliers to offer solutions that can help enterprises fully manage their security operations to keep up with the ever-evolving cyber threats. This is another key factor driving the market growth.

North America will account for 40% of the market growth during the forecast period. The region witnesses the highest number of data breaches and cyberattacks, which has increased the number of vendors. In addition, factors such as the advent of new technologies and innovations in cloud and IoT, the growing popularity of digital transformation, and the increased importance of cybersecurity have fueled the growth of the SoC as a service market in North America.

The report comprises of various segments as well as analysis of the trends and factors that are playing a substantial role in the market, download a sample report

Soc As A Service Market 2023-2027: Scope

Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The SoC as a service market report covers the following areas:

• Soc As A Service Market Size
• Soc As A Service Market Trends
• Soc As A Service Market  Analysis

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Soc As A Service Market 2023-2027: Vendor Analysis and Scope

The SoC as a service market is fragmented with the presence of several vendors. Large vendors are acquiring smaller vendors to expand their product portfolios and boost their market shares. There are several prominent vendors holding significant positions in the SOC as a service market. Vendors distinguish their offerings using unique value propositions to survive in this intensely competitive environment. Major vendors will continue to launch several information security products with high-grade features, expand their partner network, recruit more employees, and continue to expand globally to meet the demand and retain their positions in the market. The competition in this market will likely intensify further in the coming years, with the growth of products and service extensions, technological innovations, and M&A. Some of the key vendors covered in the report include:

• Arctic Wolf Networks Inc. – The company offers SOC as a service solutions such as Detect and Monitor Cyberthreats, Contain and Respond to Incidents, and Concierge Security.
• AT & T Inc. – The company offers SOC as a service solutions such as Unified Security Management.
• Atos SE – The company offers SOC as a service solutions such as Atos SOC.
• Check Point Software Technologies Ltd. – The company offers SOC as a service solutions such as Horizon SOC.
• Binary Defense Systems Inc.
• Clearnetwork Inc.
• Cloudflare Inc.
• ConnectWise LLC
• CYREBRO
• eSentire Inc.
• Fortinet Inc.
• International Business Machines Corp.
• Kaseya Ltd.
• NTT Corp.
• ProSOC Inc.

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Soc As A Service Market 2023-2027: Driver

The market is driven by the rising adoption of bring-your-own-device (BYOD) and work-from-home model (WFH) models. Several employers across the world are adopting BYOD and WFH policies. They are providing their employees with customized laptops and cell phones with default configurations to connect to the company’s network in accordance with business guidelines. This has necessitated the need for the adoption of strict policies to secure data. In addition, the adoption of Choose-Your-Own-Device (CYOD) and remote working options have provided access to companies’ internal servers through private networks. All these factors have significantly increased the demand for SoCs, which is driving the growth of the market.

Soc As A Service Market 2023-2027: Challenge

The limited trust in SOC-as-a-service vendors is identified as the major challenge hindering the growth of the market. Unauthorized access to internal network infrastructure can become disastrous for businesses and those who work for them. In addition, the uncertainty of business owners further incurs additional costs associated with service quality, upper-level management, and data security. Also, the increased complexity of the network infrastructure and the incorporation of new security updates and product vendors lead to integration issues and slow down the systems. Such challenges are restricting the growth of the market in focus.

Soc As A Service Market 2023-2027: Key Highlights

• CAGR of the market during the forecast period 2023-2027
• Detailed information on factors that will assist SoC as a service market growth during the next five years
• Estimation of the SoC as a service market size and its contribution to the parent market
• Predictions on upcoming trends and changes in consumer behavior
• The growth of the SoC as a service market across North America, Europe, APAC, South America, and Middle East and Africa
• Analysis of the market’s competitive landscape and detailed information on vendors
• Comprehensive details of factors that will challenge the growth of SoC as a service market vendors

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Table of Contents:

1 Executive Summary

• 1.1 Market overview 
• Exhibit 01: Executive Summary – Chart on Market Overview
• Exhibit 02: Executive Summary – Data Table on Market Overview
• Exhibit 03: Executive Summary – Chart on Global Market Characteristics
• Exhibit 04: Executive Summary – Chart on Market by Geography
• Exhibit 05: Executive Summary – Chart on Market Segmentation by End-user
• Exhibit 06: Executive Summary – Chart on Market Segmentation by Service
• Exhibit 07: Executive Summary – Chart on Incremental Growth
• Exhibit 08: Executive Summary – Data Table on Incremental Growth
• Exhibit 09: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

• 2.1 Market ecosystem 
• Exhibit 10: Parent market
• Exhibit 11: Market Characteristics

3 Market Sizing

• 3.1 Market definition 
• Exhibit 12: Offerings of vendors included in the market definition

• 3.2 Market segment analysis 
• Exhibit 13: Market segments

• 3.3 Market size 2022

• 3.4 Market outlook: Forecast for 2022-2027
• Exhibit 14: Chart on Global – Market size and forecast 2022-2027 ($ million)
• Exhibit 15: Data Table on Global – Market size and forecast 2022-2027 ($ million)
• Exhibit 16: Chart on Global Market: Year-over-year growth 2022-2027 (%)
• Exhibit 17: Data Table on Global Market: Year-over-year growth 2022-2027 (%)

4 Historic Market Size

• 4.1 Global SoC as a service market 2017 – 2021
• Exhibit 18: Historic Market Size – Data Table on Global SoC as a service market 2017 – 2021 ($ million)

• 4.2 End-user Segment Analysis 2017 – 2021
• Exhibit 19: Historic Market Size – End-user Segment 2017 – 2021 ($ million)

• 4.3 Services Segment Analysis 2017 – 2021
• Exhibit 20: Historic Market Size – Services Segment 2017 – 2021 ($ million)

• 4.4 Geography Segment Analysis 2017 – 2021
• Exhibit 21: Historic Market Size – Geography Segment 2017 – 2021 ($ million)

• 4.5 Country Segment Analysis 2017 – 2021
• Exhibit 22: Historic Market Size – Country Segment 2017 – 2021 ($ million)

5 Five Forces Analysis

• 5.1 Five forces summary 
• Exhibit 23: Five forces analysis – Comparison between 2022 and 2027

• 5.2 Bargaining power of buyers 
• Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027

• 5.3 Bargaining power of suppliers 
• Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2022 and 2027

• 5.4 Threat of new entrants 
• Exhibit 26: Threat of new entrants – Impact of key factors in 2022 and 2027

• 5.5 Threat of substitutes 
• Exhibit 27: Threat of substitutes – Impact of key factors in 2022 and 2027

• 5.6 Threat of rivalry 
• Exhibit 28: Threat of rivalry – Impact of key factors in 2022 and 2027

• 5.7 Market condition 
• Exhibit 29: Chart on Market condition – Five forces 2022 and 2027

6 Market Segmentation by End-user

• 6.1 Market segments 
• Exhibit 30: Chart on End-user – Market share 2022-2027 (%)
• Exhibit 31: Data Table on End-user – Market share 2022-2027 (%)

• 6.2 Comparison by End-user 
• Exhibit 32: Chart on Comparison by End-user
• Exhibit 33: Data Table on Comparison by End-user

• 6.3 Large enterprises – Market size and forecast 2022-2027 
• Exhibit 34: Chart on Large enterprises – Market size and forecast 2022-2027 ($ million)
• Exhibit 35: Data Table on Large enterprises – Market size and forecast 2022-2027 ($ million)
• Exhibit 36: Chart on Large enterprises – Year-over-year growth 2022-2027 (%)
• Exhibit 37: Data Table on Large enterprises – Year-over-year growth 2022-2027 (%)

• 6.4 SMEs – Market size and forecast 2022-2027
• Exhibit 38: Chart on SMEs – Market size and forecast 2022-2027 ($ million)
• Exhibit 39: Data Table on SMEs – Market size and forecast 2022-2027 ($ million)
• Exhibit 40: Chart on SMEs – Year-over-year growth 2022-2027 (%)
• Exhibit 41: Data Table on SMEs – Year-over-year growth 2022-2027 (%)

• 6.5 Market opportunity by End-user 
• Exhibit 42: Market opportunity by End-user ($ million)

7 Market Segmentation by Service

• 7.1 Market segments 
• Exhibit 43: Chart on Service – Market share 2022-2027 (%)
• Exhibit 44: Data Table on Service – Market share 2022-2027 (%)

• 7.2 Comparison by Service 
• Exhibit 45: Chart on Comparison by Service
• Exhibit 46: Data Table on Comparison by Service

• 7.3 Prevention services – Market size and forecast 2022-2027 
• Exhibit 47: Chart on Prevention services – Market size and forecast 2022-2027 ($ million)
• Exhibit 48: Data Table on Prevention services – Market size and forecast 2022-2027 ($ million)
• Exhibit 49: Chart on Prevention services – Year-over-year growth 2022-2027 (%)
• Exhibit 50: Data Table on Prevention services – Year-over-year growth 2022-2027 (%)

• 7.4 Incident response services – Market size and forecast 2022-2027 
• Exhibit 51: Chart on Incident response services – Market size and forecast 2022-2027 ($ million)
• Exhibit 52: Data Table on Incident response services – Market size and forecast 2022-2027 ($ million)
• Exhibit 53: Chart on Incident response services – Year-over-year growth 2022-2027 (%)
• Exhibit 54: Data Table on Incident response services – Year-over-year growth 2022-2027 (%)

• 7.5 Detection services – Market size and forecast 2022-2027 
• Exhibit 55: Chart on Detection services – Market size and forecast 2022-2027 ($ million)
• Exhibit 56: Data Table on Detection services – Market size and forecast 2022-2027 ($ million)
• Exhibit 57: Chart on Detection services – Year-over-year growth 2022-2027 (%)
• Exhibit 58: Data Table on Detection services – Year-over-year growth 2022-2027 (%)

• 7.6 Market opportunity by Service 
• Exhibit 59: Market opportunity by Service ($ million)

8 Customer Landscape

• 8.1 Customer landscape overview 
• Exhibit 60: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

9 Geographic Landscape

• 9.1 Geographic segmentation 
• Exhibit 61: Chart on Market share by geography 2022-2027 (%)
• Exhibit 62: Data Table on Market share by geography 2022-2027 (%)

• 9.2 Geographic comparison 
• Exhibit 63: Chart on Geographic comparison
• Exhibit 64: Data Table on Geographic comparison

• 9.3 North America – Market size and forecast 2022-2027
• Exhibit 65: Chart on North America – Market size and forecast 2022-2027 ($ million)
• Exhibit 66: Data Table on North America – Market size and forecast 2022-2027 ($ million)
• Exhibit 67: Chart on North America – Year-over-year growth 2022-2027 (%)
• Exhibit 68: Data Table on North America – Year-over-year growth 2022-2027 (%)

• 9.4 Europe – Market size and forecast 2022-2027
• Exhibit 69: Chart on Europe – Market size and forecast 2022-2027 ($ million)
• Exhibit 70: Data Table on Europe – Market size and forecast 2022-2027 ($ million)
• Exhibit 71: Chart on Europe – Year-over-year growth 2022-2027 (%)
• Exhibit 72: Data Table on Europe – Year-over-year growth 2022-2027 (%)

• 9.5 APAC – Market size and forecast 2022-2027
• Exhibit 73: Chart on APAC – Market size and forecast 2022-2027 ($ million)
• Exhibit 74: Data Table on APAC – Market size and forecast 2022-2027 ($ million)
• Exhibit 75: Chart on APAC – Year-over-year growth 2022-2027 (%)
• Exhibit 76: Data Table on APAC – Year-over-year growth 2022-2027 (%)

• 9.6 South America – Market size and forecast 2022-2027
• Exhibit 77: Chart on South America – Market size and forecast 2022-2027 ($ million)
• Exhibit 78: Data Table on South America – Market size and forecast 2022-2027 ($ million)
• Exhibit 79: Chart on South America – Year-over-year growth 2022-2027 (%)
• Exhibit 80: Data Table on South America – Year-over-year growth 2022-2027 (%)

• 9.7 Middle East and Africa – Market size and forecast 2022-2027 
• Exhibit 81: Chart on Middle East and Africa – Market size and forecast 2022-2027 ($ million)
• Exhibit 82: Data Table on Middle East and Africa – Market size and forecast 2022-2027 ($ million)
• Exhibit 83: Chart on Middle East and Africa – Year-over-year growth 2022-2027 (%)
• Exhibit 84: Data Table on Middle East and Africa – Year-over-year growth 2022-2027 (%)

• 9.8 US – Market size and forecast 2022-2027
• Exhibit 85: Chart on US – Market size and forecast 2022-2027 ($ million)
• Exhibit 86: Data Table on US – Market size and forecast 2022-2027 ($ million)
• Exhibit 87: Chart on US – Year-over-year growth 2022-2027 (%)
• Exhibit 88: Data Table on US – Year-over-year growth 2022-2027 (%)

• 9.9 China – Market size and forecast 2022-2027
• Exhibit 89: Chart on China – Market size and forecast 2022-2027 ($ million)
• Exhibit 90: Data Table on China – Market size and forecast 2022-2027 ($ million)
• Exhibit 91: Chart on China – Year-over-year growth 2022-2027 (%)
• Exhibit 92: Data Table on China – Year-over-year growth 2022-2027 (%)

• 9.10 Germany – Market size and forecast 2022-2027
• Exhibit 93: Chart on Germany – Market size and forecast 2022-2027 ($ million)
• Exhibit 94: Data Table on Germany – Market size and forecast 2022-2027 ($ million)
• Exhibit 95: Chart on Germany – Year-over-year growth 2022-2027 (%)
• Exhibit 96: Data Table on Germany – Year-over-year growth 2022-2027 (%)

• 9.11 UK – Market size and forecast 2022-2027
• Exhibit 97: Chart on UK – Market size and forecast 2022-2027 ($ million)
• Exhibit 98: Data Table on UK – Market size and forecast 2022-2027 ($ million)
• Exhibit 99: Chart on UK – Year-over-year growth 2022-2027 (%)
• Exhibit 100: Data Table on UK – Year-over-year growth 2022-2027 (%)

• 9.12 Japan – Market size and forecast 2022-2027
• Exhibit 101: Chart on Japan – Market size and forecast 2022-2027 ($ million)
• Exhibit 102: Data Table on Japan – Market size and forecast 2022-2027 ($ million)
• Exhibit 103: Chart on Japan – Year-over-year growth 2022-2027 (%)
• Exhibit 104: Data Table on Japan – Year-over-year growth 2022-2027 (%)

• 9.13 Market opportunity by geography 
• Exhibit 105: Market opportunity by geography ($ million)

10 Drivers, Challenges, and Trends

• 10.1 Market drivers

• 10.2 Market challenges

• 10.3 Impact of drivers and challenges 
• Exhibit 106: Impact of drivers and challenges in 2022 and 2027

• 10.4 Market trends

11 Vendor Landscape

• 11.1 Overview

• 11.2 Vendor landscape 
• Exhibit 107: Overview on Criticality of inputs and Factors of differentiation

• 11.3 Landscape disruption 
• Exhibit 108: Overview on factors of disruption

• 11.4 Industry risks 
• Exhibit 109: Impact of key risks on business

12 Vendor Analysis

• 12.1 Vendors covered 
• Exhibit 110: Vendors covered

• 12.2 Market positioning of vendors 
• Exhibit 111: Matrix on vendor position and classification

• 12.3 Arctic Wolf Networks Inc. 
• Exhibit 112: Arctic Wolf Networks Inc. – Overview
• Exhibit 113: Arctic Wolf Networks Inc. – Product / Service
• Exhibit 114: Arctic Wolf Networks Inc. – Key news
• Exhibit 115: Arctic Wolf Networks Inc. – Key offerings

• 12.4 AT and T Inc. 
• Exhibit 116: AT and T Inc. – Overview
• Exhibit 117: AT and T Inc. – Business segments
• Exhibit 118: AT and T Inc. – Key news
• Exhibit 119: AT and T Inc. – Key offerings
• Exhibit 120: AT and T Inc. – Segment focus

• 12.5 Atos SE 
• Exhibit 121: Atos SE – Overview
• Exhibit 122: Atos SE – Business segments
• Exhibit 123: Atos SE – Key news
• Exhibit 124: Atos SE – Key offerings
• Exhibit 125: Atos SE – Segment focus

• 12.6 Check Point Software Technologies Ltd.
• Exhibit 126: Check Point Software Technologies Ltd. – Overview
• Exhibit 127: Check Point Software Technologies Ltd. – Product / Service
• Exhibit 128: Check Point Software Technologies Ltd. – Key offerings

• 12.7 Clearnetwork Inc. 
• Exhibit 129: Clearnetwork Inc. – Overview
• Exhibit 130: Clearnetwork Inc. – Product / Service
• Exhibit 131: Clearnetwork Inc. – Key offerings

• 12.8 Cloudflare Inc. 
• Exhibit 132: Cloudflare Inc. – Overview
• Exhibit 133: Cloudflare Inc. – Product / Service
• Exhibit 134: Cloudflare Inc. – Key offerings

• 12.9 ConnectWise LLC 
• Exhibit 135: ConnectWise LLC – Overview
• Exhibit 136: ConnectWise LLC – Product / Service
• Exhibit 137: ConnectWise LLC – Key offerings

• 12.10 Fortinet Inc. 
• Exhibit 138: Fortinet Inc. – Overview
• Exhibit 139: Fortinet Inc. – Product / Service
• Exhibit 140: Fortinet Inc. – Key offerings

• 12.11 International Business Machines Corp.
• Exhibit 141: International Business Machines Corp. – Overview
• Exhibit 142: International Business Machines Corp. – Business segments
• Exhibit 143: International Business Machines Corp. – Key offerings
• Exhibit 144: International Business Machines Corp. – Segment focus

• 12.12 Kaseya Ltd. 
• Exhibit 145: Kaseya Ltd. – Overview
• Exhibit 146: Kaseya Ltd. – Product / Service
• Exhibit 147: Kaseya Ltd. – Key offerings

• 12.13 NTT Corp. 
• Exhibit 148: NTT Corp. – Overview
• Exhibit 149: NTT Corp. – Business segments
• Exhibit 150: NTT Corp. – Key offerings
• Exhibit 151: NTT Corp. – Segment focus

• 12.14 ProSOC Inc. 
• Exhibit 152: ProSOC Inc. – Overview
• Exhibit 153: ProSOC Inc. – Product / Service
• Exhibit 154: ProSOC Inc. – Key offerings

• 12.15 Suma Soft Pvt. Ltd. 
• Exhibit 155: Suma Soft Pvt. Ltd. – Overview
• Exhibit 156: Suma Soft Pvt. Ltd. – Product / Service
• Exhibit 157: Suma Soft Pvt. Ltd. – Key offerings

• 12.16 Tata Consultancy Services Ltd. 
• Exhibit 158: Tata Consultancy Services Ltd. – Overview
• Exhibit 159: Tata Consultancy Services Ltd. – Business segments
• Exhibit 160: Tata Consultancy Services Ltd. – Key news
• Exhibit 161: Tata Consultancy Services Ltd. – Key offerings
• Exhibit 162: Tata Consultancy Services Ltd. – Segment focus

• 12.17 Verizon Communications Inc. 
• Exhibit 163: Verizon Communications Inc. – Overview
• Exhibit 164: Verizon Communications Inc. – Business segments
• Exhibit 165: Verizon Communications Inc. – Key offerings
• Exhibit 166: Verizon Communications Inc. – Segment focus

13 Appendix

• 13.1 Scope of the report

• 13.2 Inclusions and exclusions checklist 
• Exhibit 167: Inclusions checklist
• Exhibit 168: Exclusions checklist

• 13.3 Currency conversion rates for US$ 
• Exhibit 169: Currency conversion rates for US$

• 13.4 Research methodology 
• Exhibit 170: Research methodology
• Exhibit 171: Validation techniques employed for market sizing
• Exhibit 172: Information sources

• 13.5 List of abbreviations 
• Exhibit 173: List of abbreviations

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