SoC As A Service Market Summary

The global SoC as a Service market size was estimated at USD 5.80 billion in 2023 and is projected to reach USD 10.39 billion by 2030, growing at a CAGR of 9.3% from 2024 to 2030. The rapid expansion of this market is attributed to the rising complexity of cyber threats and the increasing demand for robust security solutions across multiple industries. As businesses face evolving risks, the need for scalable and cost-efficient managed security services has become more critical than ever.

SOC (security operations center) as a Service refers to the outsourcing of vital security functions such as advanced threat detection, incident response, and round-the-clock monitoring to specialized third-party providers. This model allows organizations to access professional-grade security services without the heavy investments required for developing and maintaining an in-house SOC. By adopting SOC as a Service, businesses can benefit from expert-level prevention services, real-time monitoring, and compliance management, enabling them to strengthen their cybersecurity posture while optimizing costs and resources.

Key Market Trends & Insights

  • The North America SoC as a Service market dominated globally in 2023, holding the largest revenue share of over 37%. This is due to a high adoption of advanced security solutions across enterprises, strict regulatory frameworks, and the presence of leading service providers in the region.
  • The Asia Pacific market is anticipated to experience substantial growth, expanding at a CAGR of around 10% from 2024 to 2030. The growth is fueled by the increasing number of cyberattacks, rapid digital transformation, and the rising adoption of cloud-based services across countries such as China, India, and Japan.
  • The European market is also set to expand significantly, with an expected CAGR of 10.5% during the same period, driven by the growing enforcement of data protection regulations such as GDPR, coupled with a rising need for managed detection and response solutions.
  • Based on application, the endpoint security segment held a market share of more than 30% in 2023, highlighting the growing focus on protecting user devices that remain a primary entry point for cyberattacks.
  • In terms of end use, the BFSI segment accounted for the largest market share of over 25% in 2023, as financial institutions continue to prioritize advanced cybersecurity services to safeguard sensitive customer data and ensure regulatory compliance.

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Market Size & Forecast

  • 2023 Market Size: USD 5.80 Billion
  • 2030 Projected Market Size: USD 10.39 Billion
  • CAGR (2024-2030): 9.3%
  • North America: Largest market in 2023
  • Asia Pacific: Fastest growing market

Key Companies & Market Share Insights

Key players operating in the market include Check Point Software Technologies, IBM CORPORATION, Atos SE, Thales, Verizon, Fortinet Inc., Cloudflare, Inc., Arctic Wolf Networks, AT&T, NTT, Clearnetwork, Inc., ConnectWise, LLC., Teceze, Eventus Security, and Kaseya. The companies are focusing on various strategic initiatives, including new product development, partnerships & collaborations, and agreements to gain a competitive advantage over their rivals. The following are some instances of such initiatives.

  • In July 2024, SonicWall launched a new Managed Security Services (MSS) offering in the EMEA region, supported by a 24x7 European Security Operations Center (SOC). This initiative aims to enhance cybersecurity for organizations by providing continuous monitoring, threat detection, and incident response services across Europe. The SOC will leverage SonicWall's advanced security technologies to deliver comprehensive, real-time protection against evolving cyber threats.
  • In May 2024, CrowdStrike expanded its Service Partners and Alliances program to enhance its Security Operations Center (SOC) capabilities. This initiative aims to leverage partnerships with other security and technology providers to deliver comprehensive, integrated solutions for threat detection and response. By collaborating with a broader network of partners, CrowdStrike seeks to strengthen its SOC offerings, providing more effective and adaptable cybersecurity solutions for its clients.
  • In March 2024, Fortinet introduced FortiGuard SOCaaS (Security Operations Center as a Service) integrations to enhance its SecOps capabilities. This new offering integrates Fortinet's advanced security technologies with comprehensive SOC services, providing organizations with real-time threat intelligence, automated responses, and seamless security management. The integration aims to streamline and strengthen security operations, ensuring more effective threat detection and response within a unified security framework.

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Conclusion

The SoC as a Service market is witnessing robust growth as organizations increasingly recognize the importance of outsourcing cybersecurity operations to address escalating digital threats. With North America leading the market, Asia Pacific and Europe are expected to emerge as high-growth regions due to regulatory reforms, cloud adoption, and expanding digital ecosystems. The dominance of endpoint security applications and the strong demand from BFSI institutions further highlight the critical role of managed SOC services in modern enterprises. Looking forward, ongoing innovations, AI-driven security analytics, and cost-efficient solutions are expected to reinforce market expansion and enhance global cybersecurity resilience.