Security Operations Center Market – Industry Challenges, Key Vendors, Drivers, Trends and Forecast to 2027
Security Operations Center Market Overview:
Several
enterprises have taken up the objective of regularly monitoring security; this
development is estimated to contribute positively to the security operations
centre market 2020. The IT security reports are made by Market Research Future,
which includes market options for progress. A CAGR of 10.31% is estimated to
further the growth of the market in the forecast period.
The
operative discovery of cyber threats and the relationship of the prevailing
susceptibilities in the system are projected to increase the security
operations centre market size further. Moreover, the bring-your-own-access
(BYOA) to intensify employee productivity and satisfaction is predicted to
enhance the Security Operations Center
Market in the forecast period.
Major Key Players:
The
eminent contenders in the security operations center market are Symantec
Corporation (US), Alertlogic (US), Raytheon Company (US), Dark Matters Inc.
(UAE), Capgemini SE (France), Cisco Systems Inc. (US), Secureworks Inc. (US),
Digital Guardian (US), Fortinet Inc. (US), AT&T (US), Netmagic Solutions
(India), Rapid7 (US) and F5 Networks Inc.
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Competitive Analysis
The
trends prevalent in the market are contributing substantially to the market’s
progress. The market contenders are estimated to support the growth enabling
factors and thus are estimated to pull the market out of the depression due to
the ongoing global pandemic. The focus on accelerating growth is estimated to
take the main stage in the forecast period.
The
need to effectively engage customers in all of their geographical markets is
estimated to help the market overcome the hindrances being faced currently. The
market is predicted to guide its future growth with the inclusion of a balance
of innovation and continual product enhancement. Besides, the need to ensure
that the long-term sustainable growth goals are not comprised due to the
current difficulties is foreseen to be extremely important for the market
stakeholders. The need to establish a unique advantage in the market is
reviewed to have a substantial influence on the global market.
Segmental Analysis:
The
segmental investigation of the security operations centre market has been
conducted based on organization size, model, vertical, service, and region.
Based on the service, the security operations center market has been segmented
into information security incident response service, security monitoring
service, digital forensics and malware analysis service, threat &
vulnerability identification, risk reporting & analytics service, and
others.
On
the basis of the model, the security operations center market has been
segmented into outsourced SOC and in-house SOC. Based on the organization size,
the security operations center market has been segmented into large enterprises
and SMEs. Based on the vertical, the security operations center market has been
segmented into government, BFSI, oil & gas, IT & telecom, healthcare,
retail, travel & tourism, aerospace and defense and others. On the basis of
regions, the security operations center market has been segmented into namely
North America, Europe, Middle East, Asia-Pacific and Africa.
Detailed Regional Analysis:
The
regional investigation of the security operations center market has been
segmented into North America, Europe, Middle East, Asia-Pacific and Africa. The
North American region was accountable for the leading segment in the global
security operation center market.
It
is estimated to control the market for the duration of the forecast period. The
collective need to screen, notice, explore, and counter cyber threats is the
significant encouraging factor for the progress of the security operations
center market in North America.
Industry Updates:
Jan
2020 Cygilant, a supplier of Cybersecurity-as-a-Service to mid-sized
organizations, pronounced that it has joined with the Modern SIEM, LogPoint,
and UEBA Company. The mixture of LogPoint’s market-major Security Information
Event Management (SIEM) solution with Cygilant’s Cybersecurity Advisors (CSAs),
computerized tools, fully-staffed Security Operations Center (SOC), and SOCVue
Platform can directly help increase a company’s security position by offering
access to real-time data analysis, collection, and remediation recommendations.
Table of
Contents
1 Market Introduction
1.1 Introduction
1.2 Scope of Study
1.2.1 Research Objective
1.2.2 Assumptions
1.2.3 Limitations
1.3 Market Structure
2 Research Methodology
2.1 Research Type
2.2 Primary Research
2.3 Secondary Research
2.4 Forecast Model
2.4.1 Market Data
Collection, Analysis & Forecast
2.4.2 Market Size
Estimation
Continued….
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List of
Tables
Table 1 Security Operation Center Market, By Technology
Table 2 Security Operation Center Market, By Function
Table 3 Security Operation Center Market, By Service
Continued….
List of
Figures
Figure 1 Research Type
Figure 2 Security Operation Center Market, By Technology (%)
Continued….
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