Security Operations Center (SOC) Market Research Report - Global Forecast till 2027

Global Security Operations Center Market Research Report: Segmentation by Service (Security Monitoring Service, Information Security Incident Response Service, Risk Reporting and Analytics Service and others), Organization Size (Large Enterprise and Small and Medium-Sized Enterprise), Model (In-House SOC and Outsourced SOC), Vertical (BFSI, Healthcare, Oil & Gas and others), Region (North America, Europe, Asia-Pacific, Middle East & Africa and South America) - Forecast till 2027

ID: MRFR/ICT/2450-CR | February, 2020 | Region : Global

Market Snapshot


A security operations center (SOC) is a center or premises that contains an information security team that is in charge of monitoring and analyzing an enterprise's security regularly. The SOC team aims to detect, analyze, and respond to cybersecurity threats using a combination of technology solutions and processes. SOC staff consists of security analysts and managers who oversee all the security operations.


Global Security Operations Center (SOC) Market is expected to register a CAGR of 10.31% during the review period, 2019–2025.


The increasing sophistication of cyberattacks is a major factor boosting the SOC market. However, the lack of reliability of third-party vendors is a factor that hinders its growth. Security operations centers are imperative for the effective detection of cyber threats and identification of the existing vulnerabilities in the system. Enterprises have realized that attacks can never be fully prevented, and therefore have felt the need to advance their detection capabilities to respond appropriately. Meanwhile, corporate policies such as bring-your-own-device (BYOD) and bring-your-own-access (BYOA) to increase employee satisfaction and productivity, also increase the risks of cyberattacks. These are some of the most important factors fueling the market growth.


Key Players


The Key Players in the Global Security Operations Center Market are identified based on their country of origin, presence across different regions, recent key developments, product diversification, and industry expertise. These players include Capgemini SE (France), Cisco Systems Inc. (US), Secureworks Inc. (US), Symantec Corporation (US), Raytheon Company (US), Netmagic Solutions (India), Dark Matters Inc. (UAE), Digital Guardian (US), Fortinet Inc. (US), AT&T (US), Alertlogic (US), Rapid7 (US), F5 Networks Inc. (US), and Netdatavault (India). The major strategies adopted by most of the market players are partnerships, agreements, and collaborations.


Key Developments



  • June 2019: Capgemini announced the launch of its security operations center (SOC) in Melbourne, Australia, to help clients drive differentiation, innovation, transformation, and operational efficiency across their businesses protecting data, assets, identities, and overall customer trust.



  • November 2018: Capgemini announced the launch of its Security Operations Center (SOC) within the recently expanded Advanced Technology and Development Center at The BullStreet District office in Columbia, South Carolina, US.



  • July 2019: AT&T Cybersecurity unveiled the AT&T Managed Threat Detection and Response, a service that helps organizations in identifying and addressing cyber threats before they impact their day-to-day operations. The company acquired AlienVault last year and assimilated its open threat Exchange (OTX) and unified security management (USM) platforms into AT&T’s new standalone security division.


Market Segmentation


The Global Security Operations Center Market has been segmented based on service, model, organization size, vertical, and region.


By service, the global security operations center market has been categorized into security monitoring service, information security incident response service, threat and vulnerability identification, digital forensics and malware analysis service, risk reporting and analytics service, and others. By model, the market has been categorized into in-house SOC and outsourced SOC. By organization size, into large enterprises and SMEs. By vertical, into IT & telecom, government, BFSI, oil & gas, aerospace and defense, healthcare, retail, travel & tourism, and others.


Regional Analysis


Geographically, the global security operations center market has been categorized into four regions, namely North America, Europe, Asia-Pacific, Middle East & Africa.


 North America accounted for the largest share in the global security operation center market; it is expected to dominate the market during the forecast period. The increasing need to detect, investigate, monitor, and respond to cyber threats is the key driving factor for the growth of the SOC market in North America. The region, by country, has been segmented into the US, Canada, and Mexico.


Key Questions Addressed by the Report



  • What was the historic market size (2018)?

  • What will be the growth rate by 2025?

  • Who are the key players in the global SOC market?

  • What are the strategies adopted by key players?

1 EXECUTIVE SUMMARY

1.1 GLOBAL SECURITY OPERATION CENTER MARKET, BY SERVICES

1.2 GLOBAL SECURITY OPERATION CENTER MARKET, BY MODEL

1.3 GLOBAL SECURITY OPERATION CENTER MARKET, BY ORGANIZATION SIZE

1.4 GLOBAL SECURITY OPERATION CENTER MARKET, BY VERTICAL

1.5 GLOBAL SECURITY OPERATION CENTER MARKET, BY REGION

2 MARKET INTRODUCTION

2.1 DEFINITION

2.2 SCOPE OF THE STUDY

2.3 RESEARCH OBJECTIVE

2.4 MARKET STRUCTURE

3 RESEARCH METHODOLOGY

3.1 RESEARCH PROCESS

3.2 PRIMARY RESEARCH

3.3 SECONDARY RESEARCH

3.4 MARKET SIZE ESTIMATION

3.5 FORECAST MODEL

3.6 LIST OF ASSUMPTIONS

4 MARKET DYNAMICS

4.1 INTRODUCTION

4.2 DRIVERS

4.2.1 GROWING BYOD TREND AMONG ORGANIZATIONS

4.2.2 INCREASING NUMBER OF CYBERATTACKS

4.2.2.1 INCREASING INTERNET PENETRATION AND SMARTPHONE ADOPTION

4.3 RESTRAINT

4.3.1 LACK OF TRUST IN THIRD-PARTY VENDORS

4.4 OPPORTUNITY

4.4.1 GROWING DEMAND FOR PROTECTING CRITICAL DATA

5 MARKET FACTOR ANALYSIS

5.1 VALUE CHAIN ANALYSIS

5.2 PORTER’S FIVE FORCES ANALYSIS

5.2.1 THREAT OF NEW ENTRANTS

5.2.2 BARGAINING POWER OF SUPPLIERS

5.2.3 BARGAINING POWER OF BUYERS

5.2.4 THREAT OF SUBSTITUTES

5.2.5 INTENSITY OF RIVALRY

6 GLOBAL SECURITY OPERATION CENTER MARKET, BY SERVICE

6.1 OVERVIEW

6.1.1 SECURITY MONITORING SERVICE

6.1.2 INFORMATION SECURITY INCIDENT RESPONSE SERVICE

6.1.3 THREAT AND VULNERABILITY IDENTIFICATION

6.1.4 DIGITAL FORENSICS AND MALWARE ANALYSIS SERVICE

6.1.5 RISK REPORTING AND ANALYTICS SERVICE

6.1.6 OTHERS

7 GLOBAL SECURITY OPERATION CENTER MARKET, BY MODEL

7.1 OVERVIEW

7.1.1 IN-HOUSE SOC

7.1.2 OUTSOURCED SOC

8 GLOBAL SECURITY OPERATION CENTER MARKET, BY ORGANIZATION SIZE

8.1 OVERVIEW

8.1.1 LARGE ENTERPRISES

8.1.2 SMES

9 GLOBAL SECURITY OPERATION CENTER MARKET, BY VERTICAL

9.1 OVERVIEW

9.1.1 IT & TELECOM

9.1.2 GOVERNMENT

9.1.3 BFSI

9.1.4 OIL & GAS

9.1.5 AEROSPACE AND DEFENSE

9.1.6 HEALTHCARE

9.1.7 RETAIL

9.1.8 TRAVEL & TOURISM

9.1.9 OTHERS

10 GLOBAL SECURITY OPERATION CENTER MARKET, BY REGION

10.1 OVERVIEW

10.2 NORTH AMERICA

10.2.1 US

10.2.2 CANADA

10.2.3 MEXICO

10.3 EUROPE

10.3.1 UK

10.3.2 GERMANY

10.3.3 FRANCE

10.3.4 REST OF EUROPE

10.4 ASIA-PACIFIC

10.4.1 CHINA

10.4.2 JAPAN

10.4.3 INDIA

10.4.4 REST OF ASIA-PACIFIC

10.5 REST OF THE WORLD

10.5.1 THE MIDDLE EAST & AFRICA

10.5.2 SOUTH AMERICA

11 COMPETITIVE LANDSCAPE

11.1 OVERVIEW

11.2 MARKET SHARE ANALYSIS

12 COMPANY PROFILES

12.1 CAPGEMINI SE

12.1.1 COMPANY OVERVIEW

12.1.2 FINANCIAL OVERVIEW

12.1.3 PRODUCTS/SERVICES/SOLUTIONS OFFERED

12.1.4 KEY DEVELOPMENTS

12.1.5 SWOT ANALYSIS

12.1.6 KEY STRATEGIES

12.2 SYMANTEC CORPORATION

12.2.1 COMPANY OVERVIEW

12.2.2 FINANCIAL OVERVIEW

12.2.3 PRODUCTS/SERVICES/SOLUTIONS OFFERED

12.2.4 KEY DEVELOPMENTS

12.2.5 SWOT ANALYSIS

12.2.6 KEY STRATEGIES

12.3 AT&T INC.

12.3.1 COMPANY OVERVIEW

12.3.2 FINANCIAL OVERVIEW

12.3.3 PRODUCTS/SOLUTIONS/SERVICES OFFERED

12.3.4 KEY DEVELOPMENTS

12.3.5 SWOT ANALYSIS

12.3.6 KEY STRATEGIES

12.4 CISCO SYSTEMS, INC.

12.4.1 COMPANY OVERVIEW

12.4.2 FINANCIAL OVERVIEW

12.4.3 PRODUCTS/SERVICES/SOLUTIONS OFFERED

12.4.4 KEY DEVELOPMENTS

12.4.5 SWOT ANALYSIS

12.4.6 KEY STRATEGIES

12.5 FORTINET

12.5.1 COMPANY OVERVIEW

12.5.2 FINANCIAL OVERVIEW

12.5.3 PRODUCTS/SERVICES/SOLUTIONS OFFERED

12.5.4 KEY DEVELOPMENTS

12.5.5 SWOT ANALYSIS

12.5.6 KEY STRATEGIES

12.6 F5 NETWORKS, INC.

12.6.1 COMPANY OVERVIEW

12.6.2 FINANCIAL OVERVIEW

12.6.3 PRODUCTS/SERVICES/SOLUTIONS OFFERED

12.6.4 KEY DEVELOPMENTS

12.6.5 SWOT ANALYSIS

12.6.6 KEY STRATEGIES

12.7 SECUREWORKS CORP.

12.7.1 COMPANY OVERVIEW

12.7.2 FINANCIAL OVERVIEW

12.7.3 PRODUCTS/SERVICES/SOLUTIONS OFFERED

12.7.4 KEY DEVELOPMENTS

12.7.5 SWOT ANALYSIS

12.7.6 KEY STRATEGIES

12.8 RAYTHEON COMPANY

12.8.1 COMPANY OVERVIEW

12.8.2 FINANCIAL OVERVIEW

12.8.3 PRODUCTS/SERVICES/SOLUTIONS OFFERED

12.8.4 KEY DEVELOPMENTS

12.8.5 SWOT ANALYSIS

12.8.6 KEY STRATEGIES

12.9 DARK MATTERS, INC.

12.9.1 COMPANY OVERVIEW

12. 9.2 FINANCIAL OVERVIEW

12. 9.3 PRODUCTS/SERVICES/SOLUTIONS OFFERED

12. 9.4 KEY DEVELOPMENTS

12. 9.5 SWOT ANALYSIS

12. 9.6 KEY STRATEGIES

12.10 RAPID7, INC.

12.10.1 COMPANY OVERVIEW

12. 10.2 FINANCIAL OVERVIEW

12. 10.3 PRODUCTS/SERVICES/SOLUTIONS OFFERED

12. 10.4 KEY DEVELOPMENTS

12. 10.5 SWOT ANALYSIS

12. 10.6 KEY STRATEGIES

12.11 ALERT LOGIC, INC.

12.11.1 COMPANY OVERVIEW

12. 11.2 FINANCIAL OVERVIEW

12. 11.3 PRODUCTS/SERVICES/SOLUTIONS OFFERED

12. 11.4 KEY DEVELOPMENTS

12. 11.5 SWOT ANALYSIS

12. 11.6 KEY STRATEGIES

12.12 NETDATAVAULT

12.12.1 COMPANY OVERVIEW

12. 12.2 FINANCIAL OVERVIEW

12. 12.3 PRODUCTS/SERVICES/SOLUTIONS OFFERED

12. 12.4 KEY DEVELOPMENTS

12. 12.5 SWOT ANALYSIS

12. 12.6 KEY STRATEGIES

12.13 DIGITAL GUARDIAN, INC.

12.13.1 COMPANY OVERVIEW

12.13.2 FINANCIAL OVERVIEW

12.13.3 PRODUCTS/SERVICES/SOLUTIONS OFFERED

12.13.4 KEY DEVELOPMENTS

12.13.5 SWOT ANALYSIS

12.13.6 KEY STRATEGIES

Security Operation Center Market