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Security Operation Center as a Service (SoCaaS) Market Share

Report ID: GMI6949
Published Date: Oct 2023
Report Format: PDF

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SOC as a Service Market Share

The major companies operating in the SOC as a service industry are:

AT&T Inc.
Atos SE
Capgemini SE
Cloudflare
ESDS Software Solution Pvt. Ltd.
Fortinet Inc.
Fujitsu Ltd.
Lumen Technologies Inc.
NTT Security Ltd.
Verizon Communications Inc.

NTT Security Ltd. dominates the market with a prominent revenue share of over 5%. The leading SOC as a service providers leverage AI for advanced threat detection and response, enhancing the overall security posture. Through strategic partnerships with technology firms and cybersecurity experts, these providers ensure seamless integration of AI-driven tools, thereby fostering trust among clients and assisting in the building of a clientele.

Authors: Preeti Wadhwani

Frequently Asked Questions (FAQ) :

The market size of SOC as a Service (SoCaaS) reached USD 5.8 billion in 2022 and is estimated to witness over 11% CAGR from 2023 to 2032, due to the escalating frequency of cyberattacks worldwide.

The large enterprises organization size segment crossed USD 1.7 million in 2022, owing to rising collaborations with innovative technology providers and cybersecurity experts to expand capabilities.

North America held over 35% of the market share in 2022, on account of the rapid adoption of cutting-edge technologies including artificial intelligence (AI), machine learning (ML), and big data analytics in the region. ?

Some of the major players operating in the market include AT&T Inc., Atos SE, Capgemini SE, Cloudflare, ESDS Software Solution Pvt. Ltd., Fortinet Inc., and Fujitsu Ltd.