North America Security Operations Center Market Forecast 2019–2025

  • January, 2020
  • Domain: ICT - Security
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Security Operations Center (SOC) refers to the centralized functional unit, employing technology, process, and people to enhance the security position of an organization. Security operations center engages in analysis activity on servers, networks, databases, applications, endpoints, and other computing systems to discover irregular activities that could evoke a security incident. Key functions of the security operations center include providing round-the-clock responses to cyber threats, along with continuous monitoring, analysis, and reporting according to the defined security procedures of an organization. In general, the procedures/functions of the security operations center are driven by established best practices and governed by compliance requirements & standards. Typically, a security operations center is governed by SOC manager, supported by other security operations team, which includes analysts (levels 1, 2, and 3), incident responders, threat predators, and incident response managers.

Market Dynamics – North America Security Operations Center Market

Increasing investment in cybersecurity along with a rising focus on adopting a centralized security framework to optimize the security management procedures is the key factor driving the growth of the North America security operations center market. IT threats continue to evolve and have become more sophisticated. As a result, organizations across various industry verticals in the North America region are focusing on strengthening their cyber defense capabilities, which is, in turn, contributing to the growth of the North America security operations center market.

security operations center market

Continuously changing cyber threat landscape and widespread adoption of digital technologies such as IoT are imposing new challenges in satisfying compliance requirements. As a result, the demand for advanced SOC infrastructure with built-in incident response capability, multi-dimensional UEBA, file integrity monitoring (FIM), and network forensics capability is increasing. These factors will further accelerate the growth of the North America security operations center market during the forecast period.

However, concerns related to capital investment and a deepening skills shortage are identified as restraints likely to deter the progression of the North America security operations center market during the forecast period.

Market Segmentation – North America Security Operations Center Market

The North America security operations center market is segmented based on component, service & model, and country. Based on components, the North America security operations center market is segmented into software and services. The software segment is sub-segmented into threat and infrastructure management, identity and access management, and data security. Based on service & model, the North America security operations center market is segmented into in-house, hybrid, and fully outsourced. Based on the country, the North America security operations center market is segmented into the US and Canada.

North America Security Operations Center Market

Country-level Outlook – North America Security Operations Center Market

The US dominates the overall North America security operations center market and is expected to maintain its dominance throughout the forecast period. Increasing investment in strengthening the capabilities of information security infrastructure to stay ahead of the latest cybersecurity threats and growing focus on optimizing security management operations are the key factors contributing to the growth of the security operations center market in the US.

Benefits and Vendors – North America Security Operations Center Market

The study on the North America security operations center market contains an in-depth analysis of vendors, which includes financial health, business units, key business priorities, SWOT, strategies, and views; and competitive landscape. Few of the key players profiled in this study include Symantec, Cisco, SecureWorks, IBM, Fortinet, Inc., F5 Networks, Verizon Communications Inc., Digital Guardian, and Trustwave Holdings, Inc.

The study offers a comprehensive analysis of the “North America security operations center market”. Bringing out the complete key insights of the industry, the report aims to provide an insight into the latest trends, current market scenario, and technologies related to the market. In addition, it helps the venture capitalists to understand the revenue opportunities across different segments to take better decisions.

  1. Executive Summary
  2. Industry Outlook    
    1. Industry Overview        
    2. Industry Trends              
  3. Market Snapshot    
    1. Total Addressable Market         
    2. Segmented Addressable Market             
    3. PEST Analysis  
    4. Porter 5 (Five) Forces  
    5. Related Markets            
  4. Market Characteristics         
    1. Evolution          
    2. Market Segmentation 
    3. Market Dynamics          
      1. Drivers     
      2. Restraints
      3. Opportunities       
      4. DRO – Impact Analysis       
  5. Component: Market Size & Analysis              
    1. Overview          
    2. Software           
    3. Services             
  6. Function: Market Size & Analysis    
    1. Security Services            
    2. Threat and Infrastructure Management
    3. Identity and Access Management          
    4. Data Security   
  7. Service and Model: Market Size & Analysis
    1. In-house           
    2. Hybrid
    3. Fully Outsourced           
  8. Country: Market Size & Analysis      
    1. Overview          
      1. Market Size and Analysis  
    2. US        
    3. Canada              
  9. Competitive Landscape       
    1. Competitive Comparison Analysis          
  10. Vendor Profile         
    1. Cisco Systems, Inc.         
    2. Capgemini SE    
    3. Symantec Corporation  
    4. IBM Corporation             
    5. SecureWorks Corporation           
  11. Companies to Watch for      
    1. Fortinet, Inc.     
    2. F5 Networks, Inc.            
    3. Verizon Communications Inc.     
    4. Trustwave Holdings, Inc.              
    5. Digital Guardian               
  12. Annexure   
    1. Report Scope    
    2. Research Methodology
      1. Data Collation & In-house Estimation     
      2. Market Triangulation     
    3. Report Assumptions      
    4. Abbreviations

Research Framework

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

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.

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