The Latin America, Middle East and Africa SOC as a Service Market would witness market growth of 13.0% CAGR during the forecast period (2022-2028).
This service’s vendors relieve in-house security teams of some of their responsibilities. It keeps an eye on security 24 hours a day, 7 days a week, and employs automation and data science to improve detection and give high-confidence alarms. Detection and remediation are faster and more efficient with higher-confidence signals. Working with a SOC-as-a-Support provider lowers the chance of a data breach, as well as the costs and brand harm that come with a successful attack.
Customers may need to adopt a customized endpoint detection and response (EDR) solution since managed detection and response services frequently rely on a limited or curated collection of data sources. Moreover, many MDR suppliers only offer a limited number of data sources. As a result, the scope and fidelity of threats discovered may be limited, if not fully eliminated. Threat identification and response is a critical priorities for security leaders. Also, threat detection and response became a critical security function as adversaries have proved the ability to overcome most protections. It's crucial to know the difference between a standard MDR and SOC-as-a-Service.
The LAMEA region is abundant in oil and gas companies and such companies are looking forward to a cloud service like SOC as a Service, as a highly intellectual intruders and hackers actively targeting such firms with rich confidential information, which if breached can hamper an entire industry. For instance, as per the Abu Dhabi Economic Vision 2030 and UAE Vision 2021, both government initiatives set out to create competitive knowledge economies and create an open, efficient, effective, and overall consolidated business environment in order to reduce reliance on oil revenue and set up a larger private sector. UAE investment in the ICT sector is central to its vision. The United Arab Emirates is attempting to expand its product development, manufacturing, and software programming industries. While the UAE continues to prosper in this industry, it remains a re-export hub for consumer ICT goods, with more than half of all exports to the UAE in various sub-sectors being re-exported to other countries.
Electronic hosting, database systems, file management, intranet portals, email, and meeting management systems are among the services provided by the Government Information Authority (GIA), which is currently developing cloud technologies for use by federal government institutions in the UAE. Citizens can presently transact business with four federal government departments using the SmartPass service, with plans to link the rest entities soon. The UAE government's massive investments in cloud computing, as well as the country's competitive business regulations and strong technological infrastructure, are expected to propel the regional growth forward.
The Brazil market dominated the LAMEA SOC as a Service Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $209.4 million by 2028. The Argentina market is experiencing a CAGR of 13.6% during (2022 - 2028). Additionally, The UAE market would exhibit a CAGR of 12.7% during (2022 - 2028).
Based on Type, the market is segmented into Vulnerability Assessment & Threat Detection and Incident Response. Based on Vertical, the market is segmented into BFSI, IT & ITeS, Manufacturing, Telecommunications, Government & Public Sector, Healthcare & Life Sciences, Transportation & Logistics, Energy & Utilities, and Others. Based on Component, the market is segmented into Professional Services and Solution. Based on Offering Type, the market is segmented into Co-managed and Fully Managed. Based on Organization Size, the market is segmented into Large Enterprises and Small & Medium Enterprises. Based on Application, the market is segmented into Endpoint Security, Network Security, Cloud Security, and Others. Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
Free Valuable Insights: The Global SOC as a Service Market is Predict to reach $10.9 Billion by 2028, at a CAGR of 10.2%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include AT&T, Inc., IBM Corporation, NTT Data Corporation, Verizon Communications, Inc., Cloudflare, Inc., Fortinet, Inc., Check Point Software Technologies Ltd., Atos Group, Tata Consultancy Services Ltd., and Profico.
Scope of the Study
Market Segments Covered in the Report:
By Type
- Vulnerability Assessment & Threat Detection
- Incident Response
By Vertical
- BFSI
- IT & ITeS
- Manufacturing
- Telecommunications
- Government & Public Sector
- Healthcare & Life Sciences
- Transportation & Logistics
- Energy & Utilities
- Others
By Component
- Professional Services
- Solution
By Offering Type
By Organization Size
- Large Enterprises
- Small & Medium Enterprises
By Application
- Endpoint Security
- Network Security
- Cloud Security
- Others
By Country
- Brazil
- Argentina
- UAE
- Saudi Arabia
- South Africa
- Nigeria
- Rest of LAMEA
Key Market Players
List of Companies Profiled in the Report:
- AT&T, Inc.
- IBM Corporation
- NTT Data Corporation
- Verizon Communications, Inc.
- Cloudflare, Inc.
- Fortinet, Inc.
- Check Point Software Technologies Ltd.
- Atos Group
- Tata Consultancy Services Ltd.
- Profico
TABLE 1 LAMEA SOC as a Service Market, 2018 - 2021, USD Million
TABLE 2 LAMEA SOC as a Service Market, 2022 - 2028, USD Million
TABLE 3 Partnerships, Collaborations and Agreements – SOC as a Service Market
TABLE 4 Product Launches And Product Expansions – SOC as a Service Market
TABLE 5 Acquisition and Mergers – SOC as a Service Market
TABLE 6 Geographical Expansions – SOC as a Service Market
TABLE 7 LAMEA SOC as a Service Market by Type, 2018 - 2021, USD Million
TABLE 8 LAMEA SOC as a Service Market by Type, 2022 - 2028, USD Million
TABLE 9 LAMEA Vulnerability Assessment & Threat Detection Market by Country, 2018 - 2021, USD Million
TABLE 10 LAMEA Vulnerability Assessment & Threat Detection Market by Country, 2022 - 2028, USD Million
TABLE 11 LAMEA Incident Response Market by Country, 2018 - 2021, USD Million
TABLE 12 LAMEA Incident Response Market by Country, 2022 - 2028, USD Million
TABLE 13 LAMEA SOC as a Service Market by Vertical, 2018 - 2021, USD Million
TABLE 14 LAMEA SOC as a Service Market by Vertical, 2022 - 2028, USD Million
TABLE 15 LAMEA BFSI Market by Country, 2018 - 2021, USD Million
TABLE 16 LAMEA BFSI Market by Country, 2022 - 2028, USD Million
TABLE 17 LAMEA IT & ITeS Market by Country, 2018 - 2021, USD Million
TABLE 18 LAMEA IT & ITeS Market by Country, 2022 - 2028, USD Million
TABLE 19 LAMEA Manufacturing Market by Country, 2018 - 2021, USD Million
TABLE 20 LAMEA Manufacturing Market by Country, 2022 - 2028, USD Million
TABLE 21 LAMEA Telecommunications Market by Country, 2018 - 2021, USD Million
TABLE 22 LAMEA Telecommunications Market by Country, 2022 - 2028, USD Million
TABLE 23 LAMEA Government & Public Sector Market by Country, 2018 - 2021, USD Million
TABLE 24 LAMEA Government & Public Sector Market by Country, 2022 - 2028, USD Million
TABLE 25 LAMEA Healthcare & Life Sciences Market by Country, 2018 - 2021, USD Million
TABLE 26 LAMEA Healthcare & Life Sciences Market by Country, 2022 - 2028, USD Million
TABLE 27 LAMEA Transportation & Logistics Market by Country, 2018 - 2021, USD Million
TABLE 28 LAMEA Transportation & Logistics Market by Country, 2022 - 2028, USD Million
TABLE 29 LAMEA Energy & Utilities Market by Country, 2018 - 2021, USD Million
TABLE 30 LAMEA Energy & Utilities Market by Country, 2022 - 2028, USD Million
TABLE 31 LAMEA Other Vertical Market by Country, 2018 - 2021, USD Million
TABLE 32 LAMEA Other Vertical Market by Country, 2022 - 2028, USD Million
TABLE 33 LAMEA SOC as a Service Market by Component, 2018 - 2021, USD Million
TABLE 34 LAMEA SOC as a Service Market by Component, 2022 - 2028, USD Million
TABLE 35 LAMEA Professional Services Market by Country, 2018 - 2021, USD Million
TABLE 36 LAMEA Professional Services Market by Country, 2022 - 2028, USD Million
TABLE 37 LAMEA Solution Market by Country, 2018 - 2021, USD Million
TABLE 38 LAMEA Solution Market by Country, 2022 - 2028, USD Million
TABLE 39 LAMEA SOC as a Service Market by Offering Type, 2018 - 2021, USD Million
TABLE 40 LAMEA SOC as a Service Market by Offering Type, 2022 - 2028, USD Million
TABLE 41 LAMEA Co-managed Market by Country, 2018 - 2021, USD Million
TABLE 42 LAMEA Co-managed Market by Country, 2022 - 2028, USD Million
TABLE 43 LAMEA Fully Managed Market by Country, 2018 - 2021, USD Million
TABLE 44 LAMEA Fully Managed Market by Country, 2022 - 2028, USD Million
TABLE 45 LAMEA SOC as a Service Market by Organization Size, 2018 - 2021, USD Million
TABLE 46 LAMEA SOC as a Service Market by Organization Size, 2022 - 2028, USD Million
TABLE 47 LAMEA Large Enterprises Market by Country, 2018 - 2021, USD Million
TABLE 48 LAMEA Large Enterprises Market by Country, 2022 - 2028, USD Million
TABLE 49 LAMEA Small & Medium Enterprises Market by Country, 2018 - 2021, USD Million
TABLE 50 LAMEA Small & Medium Enterprises Market by Country, 2022 - 2028, USD Million
TABLE 51 LAMEA SOC as a Service Market by Application, 2018 - 2021, USD Million
TABLE 52 LAMEA SOC as a Service Market by Application, 2022 - 2028, USD Million
TABLE 53 LAMEA Endpoint Security Market by Country, 2018 - 2021, USD Million
TABLE 54 LAMEA Endpoint Security Market by Country, 2022 - 2028, USD Million
TABLE 55 LAMEA Network Security Market by Country, 2018 - 2021, USD Million
TABLE 56 LAMEA Network Security Market by Country, 2022 - 2028, USD Million
TABLE 57 LAMEA Cloud Security Market by Country, 2018 - 2021, USD Million
TABLE 58 LAMEA Cloud Security Market by Country, 2022 - 2028, USD Million
TABLE 59 LAMEA Others Market by Country, 2018 - 2021, USD Million
TABLE 60 LAMEA Others Market by Country, 2022 - 2028, USD Million
TABLE 61 LAMEA SOC as a Service Market by Country, 2018 - 2021, USD Million
TABLE 62 LAMEA SOC as a Service Market by Country, 2022 - 2028, USD Million
TABLE 63 Brazil SOC as a Service Market, 2018 - 2021, USD Million
TABLE 64 Brazil SOC as a Service Market, 2022 - 2028, USD Million
TABLE 65 Brazil SOC as a Service Market by Type, 2018 - 2021, USD Million
TABLE 66 Brazil SOC as a Service Market by Type, 2022 - 2028, USD Million
TABLE 67 Brazil SOC as a Service Market by Vertical, 2018 - 2021, USD Million
TABLE 68 Brazil SOC as a Service Market by Vertical, 2022 - 2028, USD Million
TABLE 69 Brazil SOC as a Service Market by Component, 2018 - 2021, USD Million
TABLE 70 Brazil SOC as a Service Market by Component, 2022 - 2028, USD Million
TABLE 71 Brazil SOC as a Service Market by Offering Type, 2018 - 2021, USD Million
TABLE 72 Brazil SOC as a Service Market by Offering Type, 2022 - 2028, USD Million
TABLE 73 Brazil SOC as a Service Market by Organization Size, 2018 - 2021, USD Million
TABLE 74 Brazil SOC as a Service Market by Organization Size, 2022 - 2028, USD Million
TABLE 75 Brazil SOC as a Service Market by Application, 2018 - 2021, USD Million
TABLE 76 Brazil SOC as a Service Market by Application, 2022 - 2028, USD Million
TABLE 77 Argentina SOC as a Service Market, 2018 - 2021, USD Million
TABLE 78 Argentina SOC as a Service Market, 2022 - 2028, USD Million
TABLE 79 Argentina SOC as a Service Market by Type, 2018 - 2021, USD Million
TABLE 80 Argentina SOC as a Service Market by Type, 2022 - 2028, USD Million
TABLE 81 Argentina SOC as a Service Market by Vertical, 2018 - 2021, USD Million
TABLE 82 Argentina SOC as a Service Market by Vertical, 2022 - 2028, USD Million
TABLE 83 Argentina SOC as a Service Market by Component, 2018 - 2021, USD Million
TABLE 84 Argentina SOC as a Service Market by Component, 2022 - 2028, USD Million
TABLE 85 Argentina SOC as a Service Market by Offering Type, 2018 - 2021, USD Million
TABLE 86 Argentina SOC as a Service Market by Offering Type, 2022 - 2028, USD Million
TABLE 87 Argentina SOC as a Service Market by Organization Size, 2018 - 2021, USD Million
TABLE 88 Argentina SOC as a Service Market by Organization Size, 2022 - 2028, USD Million
TABLE 89 Argentina SOC as a Service Market by Application, 2018 - 2021, USD Million
TABLE 90 Argentina SOC as a Service Market by Application, 2022 - 2028, USD Million
TABLE 91 UAE SOC as a Service Market, 2018 - 2021, USD Million
TABLE 92 UAE SOC as a Service Market, 2022 - 2028, USD Million
TABLE 93 UAE SOC as a Service Market by Type, 2018 - 2021, USD Million
TABLE 94 UAE SOC as a Service Market by Type, 2022 - 2028, USD Million
TABLE 95 UAE SOC as a Service Market by Vertical, 2018 - 2021, USD Million
TABLE 96 UAE SOC as a Service Market by Vertical, 2022 - 2028, USD Million
TABLE 97 UAE SOC as a Service Market by Component, 2018 - 2021, USD Million
TABLE 98 UAE SOC as a Service Market by Component, 2022 - 2028, USD Million
TABLE 99 UAE SOC as a Service Market by Offering Type, 2018 - 2021, USD Million
TABLE 100 UAE SOC as a Service Market by Offering Type, 2022 - 2028, USD Million
TABLE 101 UAE SOC as a Service Market by Organization Size, 2018 - 2021, USD Million
TABLE 102 UAE SOC as a Service Market by Organization Size, 2022 - 2028, USD Million
TABLE 103 UAE SOC as a Service Market by Application, 2018 - 2021, USD Million
TABLE 104 UAE SOC as a Service Market by Application, 2022 - 2028, USD Million
TABLE 105 Saudi Arabia SOC as a Service Market, 2018 - 2021, USD Million
TABLE 106 Saudi Arabia SOC as a Service Market, 2022 - 2028, USD Million
TABLE 107 Saudi Arabia SOC as a Service Market by Type, 2018 - 2021, USD Million
TABLE 108 Saudi Arabia SOC as a Service Market by Type, 2022 - 2028, USD Million
TABLE 109 Saudi Arabia SOC as a Service Market by Vertical, 2018 - 2021, USD Million
TABLE 110 Saudi Arabia SOC as a Service Market by Vertical, 2022 - 2028, USD Million
TABLE 111 Saudi Arabia SOC as a Service Market by Component, 2018 - 2021, USD Million
TABLE 112 Saudi Arabia SOC as a Service Market by Component, 2022 - 2028, USD Million
TABLE 113 Saudi Arabia SOC as a Service Market by Offering Type, 2018 - 2021, USD Million
TABLE 114 Saudi Arabia SOC as a Service Market by Offering Type, 2022 - 2028, USD Million
TABLE 115 Saudi Arabia SOC as a Service Market by Organization Size, 2018 - 2021, USD Million
TABLE 116 Saudi Arabia SOC as a Service Market by Organization Size, 2022 - 2028, USD Million
TABLE 117 Saudi Arabia SOC as a Service Market by Application, 2018 - 2021, USD Million
TABLE 118 Saudi Arabia SOC as a Service Market by Application, 2022 - 2028, USD Million
TABLE 119 South Africa SOC as a Service Market, 2018 - 2021, USD Million
TABLE 120 South Africa SOC as a Service Market, 2022 - 2028, USD Million
TABLE 121 South Africa SOC as a Service Market by Type, 2018 - 2021, USD Million
TABLE 122 South Africa SOC as a Service Market by Type, 2022 - 2028, USD Million
TABLE 123 South Africa SOC as a Service Market by Vertical, 2018 - 2021, USD Million
TABLE 124 South Africa SOC as a Service Market by Vertical, 2022 - 2028, USD Million
TABLE 125 South Africa SOC as a Service Market by Component, 2018 - 2021, USD Million
TABLE 126 South Africa SOC as a Service Market by Component, 2022 - 2028, USD Million
TABLE 127 South Africa SOC as a Service Market by Offering Type, 2018 - 2021, USD Million
TABLE 128 South Africa SOC as a Service Market by Offering Type, 2022 - 2028, USD Million
TABLE 129 South Africa SOC as a Service Market by Organization Size, 2018 - 2021, USD Million
TABLE 130 South Africa SOC as a Service Market by Organization Size, 2022 - 2028, USD Million
TABLE 131 South Africa SOC as a Service Market by Application, 2018 - 2021, USD Million
TABLE 132 South Africa SOC as a Service Market by Application, 2022 - 2028, USD Million
TABLE 133 Nigeria SOC as a Service Market, 2018 - 2021, USD Million
TABLE 134 Nigeria SOC as a Service Market, 2022 - 2028, USD Million
TABLE 135 Nigeria SOC as a Service Market by Type, 2018 - 2021, USD Million
TABLE 136 Nigeria SOC as a Service Market by Type, 2022 - 2028, USD Million
TABLE 137 Nigeria SOC as a Service Market by Vertical, 2018 - 2021, USD Million
TABLE 138 Nigeria SOC as a Service Market by Vertical, 2022 - 2028, USD Million
TABLE 139 Nigeria SOC as a Service Market by Component, 2018 - 2021, USD Million
TABLE 140 Nigeria SOC as a Service Market by Component, 2022 - 2028, USD Million
TABLE 141 Nigeria SOC as a Service Market by Offering Type, 2018 - 2021, USD Million
TABLE 142 Nigeria SOC as a Service Market by Offering Type, 2022 - 2028, USD Million
TABLE 143 Nigeria SOC as a Service Market by Organization Size, 2018 - 2021, USD Million
TABLE 144 Nigeria SOC as a Service Market by Organization Size, 2022 - 2028, USD Million
TABLE 145 Nigeria SOC as a Service Market by Application, 2018 - 2021, USD Million
TABLE 146 Nigeria SOC as a Service Market by Application, 2022 - 2028, USD Million
TABLE 147 Rest of LAMEA SOC as a Service Market, 2018 - 2021, USD Million
TABLE 148 Rest of LAMEA SOC as a Service Market, 2022 - 2028, USD Million
TABLE 149 Rest of LAMEA SOC as a Service Market by Type, 2018 - 2021, USD Million
TABLE 150 Rest of LAMEA SOC as a Service Market by Type, 2022 - 2028, USD Million
TABLE 151 Rest of LAMEA SOC as a Service Market by Vertical, 2018 - 2021, USD Million
TABLE 152 Rest of LAMEA SOC as a Service Market by Vertical, 2022 - 2028, USD Million
TABLE 153 Rest of LAMEA SOC as a Service Market by Component, 2018 - 2021, USD Million
TABLE 154 Rest of LAMEA SOC as a Service Market by Component, 2022 - 2028, USD Million
TABLE 155 Rest of LAMEA SOC as a Service Market by Offering Type, 2018 - 2021, USD Million
TABLE 156 Rest of LAMEA SOC as a Service Market by Offering Type, 2022 - 2028, USD Million
TABLE 157 Rest of LAMEA SOC as a Service Market by Organization Size, 2018 - 2021, USD Million
TABLE 158 Rest of LAMEA SOC as a Service Market by Organization Size, 2022 - 2028, USD Million
TABLE 159 Rest of LAMEA SOC as a Service Market by Application, 2018 - 2021, USD Million
TABLE 160 Rest of LAMEA SOC as a Service Market by Application, 2022 - 2028, USD Million
TABLE 161 Key Information – AT&T, Inc.
TABLE 162 Key information – IBM Corporation
TABLE 163 Key Information – NTT Data Corporation
TABLE 164 key information – Verizon Communications, Inc.
TABLE 165 Key Information – Cloudflare, Inc.
TABLE 166 key information – Fortinet, Inc.
TABLE 167 Key Information – Check Point Software Technologies Ltd.
TABLE 168 key information – Atos Group
TABLE 169 Key Information – Tata Consultancy Services Ltd.
TABLE 170 Key Information – Profico
List of Figures
FIG 1 Methodology for the research
FIG 2 KBV Cardinal Matrix
FIG 3 Market Share Analysis, 2021
FIG 4 Key Leading Strategies: Percentage Distribution (2018-2022)
FIG 5 Recent strategies and developments: International Business Machines Corporation
FIG 6 Recent strategies and developments: NTT Data Corporation
FIG 7 SWOT Analysis: NTT Data Corporation
FIG 8 SWOT Analysis: Tata Consultancy Services Ltd.