Security Operations Center Market – Global Forecast up to 2025

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This market research report identifies many companies which includes Capgemini, Cisco, Symantec, SecureWorks, IBM, etc. in the Security Operations Center market. SOC market is fragmented with several security vendors, services vendors, and telecom providers competing for larger market share. This report also provides a detailed analysis of the market by component (software and services), function (security services, threat and infrastructure management, identity and access management, and data security), service model (in-house, hybrid, and fully outsourcing), and region (North America, Europe, Asia Pacific, Middle East and Africa and Latin America).

Overview of the Security Operations Center market

Infoholic’s market research report predicts that the Security Operations Center market revenue is estimated to be $31,796.9 million in 2019 and is expected to reach $61,199.7 million by 2025, growing at a CAGR of 11.5% during the forecast period 2019–2025.

According to the SOC market analysis, North America accounted for the largest share of the Security Operations Center market in 2019 owing to strong economic conditions in the region and increased focus to enhance advanced systems protection for the enterprises. The cybersecurity is the focus area for the SOCs detecting threats from external sources. The Asia Pacific region holds a good potential for the vendors and is expected to grow at the highest CAGR during the forecast period 2019–2025. The Asia Pacific region is expected to witness growth in SOCs due to presence of the emerging countries such as India, China, and Philippines and organizations in the region are experiencing increase in customers and focus on data protection and threat detection.

Competitive Analysis and Key Vendors

The Security Operations Center market vendors are extending its partner ecosystem with capabilities in integration, consulting, reseller, and geographical reach to enhance their service offerings. The Security Operations Center market is expected to enhance the security operations of enterprises with continuous monitoring and early threat detection.

The report contains an in-depth analysis of vendor profiles, which include analyst opinion, offerings, and competitive landscape. The holistic systems protection with endpoint security, data loss prevention, threat intelligence, among others are expected to drive the Security Operations Center market set up across the globe.

Some of the key vendors in the market are:

  • Capgemini
  • Cisco
  • Symantec
  • SecureWorks
  • IBM

Other companies covered in the report are Fortinet, F5 Networks, Verizon, British Telecom, and Digital Guardian.

Segmentation of component

  •  Software
  • Services

In 2019, the services segment occupied the largest market share and is expected to have the higher share during the forecast period. The services segment is majorly contributed by the managed security services providers who provide services from their SOCs to multiple clients and manage the SOCs of the clients.

Segmentation of function

  • Security Services
  • Threat and Infrastructure Management
  • Identity and Access Management
  • Data Security

In 2019 the security services occupied the largest market share and is expected to grow at a high CAGR during the forecast period. The MSSPs help enterprises in continuous security software updates and enhanced detection of cyber-attacks.

Segmentation of service model

  • In-house
  • Hybrid
  • Fully Outsourcing

In 2019, the in-house service model occupied the largest market share and the hybrid service model is expected to gain major interest from enterprises owing to partial outsourcing of security operations to the Security Operations Center by the vendors.

Benefits

The study offers a comprehensive analysis of the “Security Operations Center” market bringing out the complete key insights of the industry, the report also aims to provide an opportunity for companies to understand the latest trends, current market scenarios, government initiatives, and technologies related to the market. In addition, it helps the venture capitalists in understanding the companies better and take informed decisions.

1     Executive Summary

2     Industry Outlook

2.1        Industry Overview

2.2        Industry Trends

3     Market Snapshot

3.1        Total Addressable Market

3.2        Segmented Addressable Market

3.3        PEST Analysis

3.4        Porter 5 (Five) Forces

3.5        Related Markets

4     Market Characteristics

4.1        Evolution

4.2        Market Trends and Impact

4.3        Market Segmentation

4.4        Market Dynamics

4.4.1     Drivers

4.4.1.1 Improved threat management

4.4.1.2 Better adherence to regulatory compliance

4.4.1.3 Centralized security operations functions

4.4.2     Restraints

4.4.2.1 Breach response failures

4.4.2.2 High investment concerns

4.4.2.3 Lack of expertise in staffs

4.4.3     Opportunities

4.4.3.1 Continuous monitoring of breaches

4.4.3.2 Increasing amount of data to monitor and manage

4.4.4     DRO – Impact Analysis

5     Component: Market Size & Analysis

5.1        Overview

5.2        Software

5.3        Threat and Infrastructure Management

5.4        Identity and Access Management

5.5        Data Security

5.6        Services

5.6.1     Professional Services

5.6.2     Managed Services

6     Service and Model: Market Size & Analysis

6.1        In-house

6.2        Hybrid

6.3        Fully Outsourced

7     Region: Market Size & Analysis

7.1        Overview

7.1.1     Market Size and Analysis

7.2        North America

7.3        Europe

7.4        Asia Pacific

7.5        Middle East & Africa

7.6        Latin America

8     Competitive Landscape

8.1        Competitive Comparison Analysis

8.2        Product/Offerings Portfolio Analysis

8.3        Market Developments

8.3.1     Partnerships, Mergers and Acquisitions

8.3.2     Product Launches & Exhibitions

9     Vendor Profiles

9.1        Cisco Systems, Inc.

9.1.1     Analyst Opinion

9.1.2     Business Analysis

9.1.2.1 Strategic Snapshot

9.1.2.2 Business Impact Analysis

9.1.2.3 Operational Snapshot

9.1.2.4 Product/Service Portfolio

9.2        Capgemini SE

9.2.1     Analyst Opinion

9.2.2     Business Analysis

9.2.2.1 Strategic Snapshot

9.2.2.2 Business Impact Analysis

9.2.2.3 Operational Snapshot

9.2.2.4 Product/Service Portfolio

9.3        Symantec Corporation

9.3.1     Analyst Opinion

9.3.2     Business Analysis

9.3.2.1 Strategic Snapshot

9.3.2.2 Business Impact Analysis

9.3.2.3 Operational Snapshot

9.3.2.4 Product/Service Portfolio

9.4        IBM Corporation

9.4.1     Analyst Opinion

9.4.2     Business Analysis

9.4.2.1 Strategic Snapshot

9.4.2.2 Business Impact Analysis

9.4.2.3 Operational Snapshot

9.4.2.4 Product/Service Portfolio

9.5        SecureWorks Corporation

9.5.1     Analyst Opinion

9.5.2     Business Analysis

9.5.2.1 Strategic Snapshot

9.5.2.2 Business Impact Analysis

9.5.2.3 Operational Snapshot

9.5.2.4 Product/Service Portfolio

10  Companies to Watch for

10.1     Fortinet, Inc.

10.1.1  Analyst Opinion

10.1.2  Business Analysis

10.1.2.1 Strategic Snapshot

10.1.2.2 Business Impact Analysis

10.1.2.3 Operational Snapshot

10.1.2.4 Product/Service Portfolio

10.2     F5 Networks, Inc.

10.2.1  Analyst Opinion

10.2.2  Business Analysis

10.2.2.1 Strategic Snapshot

10.2.2.2 Business Impact Analysis

10.2.2.3 Operational Snapshot

10.2.2.4 Product/Service Portfolio

10.3     Verizon Communications Inc.

10.3.1  Analyst Opinion

10.3.2  Business Analysis

10.3.2.1 Strategic Snapshot

10.3.2.2 Business Impact Analysis

10.3.2.3 Operational Snapshot

10.3.2.4 Product/Service Portfolio

10.4     British Telecom Group PLC

10.4.1  Analyst Opinion

10.4.2  Business Analysis

10.4.2.1 Strategic Snapshot

10.4.2.2 Business Impact Analysis

10.4.2.3 Operational Snapshot

10.4.2.4 Product/Service Portfolio

10.5     Digital Guardian

10.5.1  Analyst Opinion

10.5.2  Business Analysis

10.5.2.1 Strategic Snapshot

10.5.2.2 Business Impact Analysis

10.5.2.3 Operational Snapshot

10.5.2.4 Product/Service Portfolio

11  Annexure 

11.1     Report Scope

11.2     Research Methodology

11.2.1  Data Collation & In-house Estimation

11.2.2  Market Triangulation

11.3     Report Assumptions

11.4     Abbreviations

Infoholic research works on a holistic 360° approach in order to deliver high quality, validated and reliable information in our market reports. The Market estimation and forecasting involves following steps:

  • Data Collation (Primary & Secondary)
  • In-house Estimation (Based on proprietary data bases and Models)
  • Market Triangulation
  • Forecasting

infoholic Research Methodology

Market related information is congregated from both primary and secondary sources.

Primary sources involved participants from all global stakeholders such as Solution providers, service providers, Industry associations, thought leaders etc. across levels such as CXOs, VPs and managers. Plus, our in-house industry experts having decades of industry experience contribute their consulting and advisory services.

Secondary sources include public sources such as regulatory frameworks, government IT spending, government demographic indicators, industry association statistics, and company publications along with paid sources such as Factiva, OneSource, Bloomberg among others.