Security Operations Center Market, By Enterprise Size (Small and Medium Enterprises, Large Enterprises), By End-user Industry (IT and Telecom, BFSI, Pharmaceutical, Manufacturing, Public Sector), and By Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) - Market Trends, Analysis, and Forecast till 2030

Report Code: PMI480521 | Publish Date: August 2023 | No. of Pages: 130

Global Security Operations Center Market Overview

A security operations center, or SOC, is a group of IT security specialists who monitor, detect, analyses, and investigate cyber threats on behalf of the enterprise. Networks, servers, computers, endpoint devices, operating systems, apps, and databases are all monitored for symptoms of a cyber-security breach. The SOC team examines feeds, creates rules, discovers exceptions, improves responses, and monitors for new vulnerabilities. SOCs typically work in shifts around the clock to ensure a quick reaction to any new threats, given that technology systems in modern organizations run 24 hours a day, 7 days a week. SOC teams may cooperate with other departments and workers, as well as with professional third-party IT security vendors. Organizations must define an overarching cyber security strategy that corresponds with their business objectives and issues before establishing a SOC. Many major firms have their own security operations center, but others choose to outsource their security operations to a third-party managed security services provider. The Security Operations Center Market accounted for US$ 36.23 billion in 2020 and is estimated to be US$ 107.76 billion by 2030 and is anticipated to register a CAGR of 11.50%.

Global Security Operations Center Market Dynamics

Growing requirement for protection against cyber-attacks will drive the growth of the Market

Data is analyzed in real time using direct feeds from enterprise systems. To guard against cyber-attacks, artificial intelligence is integrated with log scanning techniques. SOC technologies allow for continuous monitoring and scanning of an organization's resources in order to detect potential threats and suspicious activities. The security operations center must include alert management, root cause analysis, and compliance audits. This market is being driven by the growing requirement for protection against cyber-attacks and data breaches among various major and small organizations. There has been an upsurge in the number of companies using security operations centers to monitor and analyses data activities on a continuous basis. The growing demand for improved threat management and centralized safety operations is propelling this market forward.

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Global Security Operations Center Market Segmentation

 

                                                               Source: Prophecy Market Insights |Disclaimer: Data is only a representation. Actual data may vary in the final report.

The Global Security Operations Center Market is segmented based on enterprise size, end-user industry and region.

On the basis of Enterprise Size, the Global Security Operations Center Market is segmented into Small and Medium Enterprises, Large Enterprises. Based on End-User Industry, the target market is segmented into IT and Telecom, BFSI, Pharmaceutical, Manufacturing, Public Sector.

Regional Insights:

 

                                                                                          Source: Prophecy Market Insights

                                        

On region the Global Security Operations Center Market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Due to presence of many important SOCaaS vendors in the region, such as SecureWorks Inc., Atos SE, BAE Systems PLC, FireEye Inc., and others, the North American region is projected to dominate the market during the forecast year. The SOCs' major priority will continue to be cybersecurity. Hackers are always improving their cyberattacks to make them more evasive and dangerous. For instance, According to the Identity Theft Resource Center, there were a total of 1001 data breaches in the United States in 2020. Furthermore, in 2020, a significant cyberattack supported by a foreign government breached hundreds of organizations around the world, including multiple elements of the US federal government, resulting in a series of data breaches.

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Report Scope:

Attribute

Details

Base year for estimation

2020

Forecast period

2020 – 2030

Market representation

Revenue in USD Million & CAGR from 2020 – 2029

Market Segmentation

By Enterprises Size- Small and Medium Enterprises and Large Enterprises

By End-User Industry– IT and Telecom, BFSI, Pharmaceutical, Manufacturing, Public Sector

Regional scope

North America - U.S., Canada

Europe - UK, Germany, Spain, France, Italy, Russia, Rest of Europe

Asia Pacific - Japan, India, China, South Korea, Australia, Rest of Asia-Pacific

Latin America - Brazil, Mexico, Argentina, Rest of Latin America

Middle East & Africa - South Africa, Saudi Arabia, UAE, Rest of Middle East & Africa

Report coverage

Revenue forecast, company share, competitive landscape, growth factors, and trends

Segments Covered in the Report:

This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends and opportunities in each of the sub-segments from 2019 to 2029. For the purpose of this study, has segmented the Global Security Operations Center Market report based on Enterprises size, End-User Industry and region.

Global Security Operations Center Market, By Region:

      • North America
          • U.S.
          • Canada
      • Europe
          • Germany
          • UK
          • France
          • Russia
          • Italy
          • Rest of Europe
      • Asia Pacific
          • China
          • India
          • Japan
          • South Korea
          • Rest of Asia Pacific
      • Latin America
          • Brazil
          • Mexico
          • Rest of Latin America
      • Middle East & Africa
          • GCC
          • Israel
          • South Africa
          • Rest of Middle East & Africa

Global Security Operations Center Market Key Players

The key players operating in the security operations center market are Cisco Systems, Inc., Capgemini SE, NetMagic Solutions Pvt. Ltd., Alert Logic Inc., SecureWorks Inc., IBM Corporation, Verizon Communications Inc., British Telecom Group PLC, F5 Networks, Inc., Fortinet, Inc., Broadcom Inc., Cygilant Inc., and BlackStratus Inc. Many key players are launching new products, acquisitions and merger which drives the market. For instance, METCloud and Cygilant Inc. joined in June 2021 to build the greatest cyber surveillance tools. With the integration of LogPoint, SentinelOne, and Qualys, this new cooperation will boost overall security capabilities for METCloud clients. This provides for rapid threat detection, response, and mediation, as well as a better knowledge of a company's threat risk and priority when it comes to patching vulnerabilities. The comprehensive set of services will be delivered by a Security Operations Centre (SOC) situated in the United Kingdom, which will give users with dedicated support 24 hours a day, seven days a week. In June 2021, Secureworks Inc. introduced the Secureworks Technology Alliance Partner programme, which extends the Taegis ecosystem and data integrations to expedite threat detection for all Taegis clients. Secureworks Technology Alliance Partners can now create robust, integrated security solutions by adding their own Taegis connectors.

Global Security Operations Center Market Company Profile

  • Cisco Systems, Inc.
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Capgemini SE
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • NetMagic Solutions Pvt. Ltd.
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Alert Logic Inc.
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • SecureWorks Inc.
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • IBM Corporation
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Verizon Communications Inc.
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • British Telecom Group PLC
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies

Global Security Operations Center Market Table of Contents

  1. Research Objective and Assumption
    • Preface
    • Research Objectives
    • Study Scope
    • Years Considered for the study
    • Assumptions
    • Abbreviations
  2. Research Methodology
    • Research data
    • Primary Data
      • Primary Interviews
      • Primary Breakdown
      • Key data from Primary Sources
      • Key Thickness Insights
    • Secondary Data
      • Major Secondary Sources
      • Secondary Sources
    • Market Estimation
    • Top-Down Approach
      • Approach for estimating Market Share by Top-Down Analysis (Supply Side)
    • Bottom-Up Approach
      • Approach for estimating market share by Bottom-up Analysis (Demand Side)
    • Market Breakdown and Data Triangulation
    • Research Assumptions
  3. Market Purview
    • Executive Summary
    • Key Findings—Global Outlook for Security Operations Center Strategies
      • Key Questions this Study will Answer
      • Market Snippet, By Enterprise Size
      • Market Snippet, By End-User Industry
    • Opportunity Map Analysis
    • Executive Summary—3 Big Predictions
  4. Market Dynamics, Regulations, and Trends Analysis
    • Market Dynamics
      • Drivers
      • Restraints
      • Market Opportunities
      • Market Trends
    • DR Impact Analysis
    • PEST Analysis
    • Porter’s Five Forces Analysis
    • Opportunity Orbit
    • Market Investment Feasibility Index
    • Macroeconomic Factor Analysis
  5. Global Security Operations Center Market, By Enterprise Size, 2020 – 2030, (US$ Mn)
    • Overview         
      • Market Value and Forecast (US$ Mn), and Share Analysis (%), 2020 – 2030
      • Y-o-Y Growth Analysis (%), 2020 – 2030
      • Segment Trends
    • Small & Medium Enterprises
      • Overview
      • Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
    • Large Enterprises
      • Overview
      • Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
  6. Global Security Operations Center Market, By End-User Industry, 2020 – 2030, (US$ Mn)
    • Overview                                                  
      • Market Value and Forecast (US$ Mn), and Share Analysis (%), 2020 – 2030
      • Y-o-Y Growth Analysis (%), 2020 – 2030
      • Segment Trends
    • IT and Telecom
      • Overview
      • Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
    • BFSI
      • Overview
      • Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
    • Pharmaceutical
      • Overview
      • Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
    • Manufacturing
      • Overview
      • Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
    • Public Sector
      • Overview
      • Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
  7. Global Security Operations Center Market, By Region, 2020 – 2030, (US$ Mn)
    • Overview
      • Market Value and Forecast (US$ Mn), and Share Analysis (%), 2020 – 2030
      • Y-o-Y Growth Analysis (%), 2020 – 2030
      • Regional Trends
    • North America
      • Market Size and Forecast (US$ Mn), By Enterprise Size, 2020 – 2030
      • Market Size and Forecast (US$ Mn), By End-User Industry, 2020 – 2030
      • Market Size and Forecast (US$ Mn), By Country, 2020 – 2030
        • U.S.
        • Canada
    • Europe
      • Market Size and Forecast (US$ Mn), By Enterprise Size, 2020 – 2030
      • Market Size and Forecast (US$ Mn), By End-User Industry, 2020 – 2030
      • Market Size and Forecast (US$ Mn), By Country, 2020 – 2030
        • UK
        • France
        • Germany
        • Russia
        • Italy
        • Rest of Europe
    • Asia Pacific
      • Market Size and Forecast (US$ Mn), By Enterprise Size, 2020 – 2030
      • Market Size and Forecast (US$ Mn), By End-User Industry, 2020 – 2030
      • Market Size and Forecast (US$ Mn), By Country, 2020 – 2030
        • India
        • Japan
        • South Korea
        • China
        • Rest of Asia Pacific
    • Latin America
      • Market Size and Forecast (US$ Mn), By Enterprise Size, 2020 – 2030
      • Market Size and Forecast (US$ Mn), By End-User Industry, 2020 – 2030
      • Market Size and Forecast (US$ Mn), By Country, 2020 – 2030
        • Brazil
        • Mexico
        • Rest of Latin America
    • Middle East & Africa
      • Market Size and Forecast (US$ Mn), By Enterprise Size, 2020 – 2030
      • Market Size and Forecast (US$ Mn), By End-User Industry, 2020 – 2030
      • Market Size and Forecast (US$ Mn), By Country, 2020 – 2030
        • GCC
        • Israel
        • South Africa
        • Rest of Middle East
  8. Competitive Landscape
    • Heat Map Analysis
    • Market Presence and Specificity Analysis
  9. Company Profiles

 

  • Cisco Systems, Inc.
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Capgemini SE
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • NetMagic Solutions Pvt. Ltd.
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Alert Logic Inc.
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • SecureWorks Inc.
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • IBM Corporation
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Verizon Communications Inc.
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • British Telecom Group PLC
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  1. The Last Word
    • Future Impact
    • About Us
    • Contact

FAQs

Global Security Operations Center Market is segmented based on enterprises size, end-user industry and region.

Growing requirement for protection against cyber-attacks is major factor driving the market.

During the forecast period, North America is expected to dominate the market.

The key players operating in the security operations center market are Cisco Systems, Inc., Capgemini SE, NetMagic Solutions Pvt. Ltd., Alert Logic Inc., SecureWorks Inc., IBM Corporation, Verizon Communications Inc., British Telecom Group PLC, F5 Networks, Inc., Fortinet, Inc., Broadcom Inc., Cygilant Inc., and BlackStratus Inc.