The North America SOC as a Service Market would witness market growth of 9.6% CAGR during the forecast period (2022-2028).
Most organizations have deeply invested in security monitoring tools on-premise and in the cloud in order to safeguard sensitive data and adhere to an increasing raft of data protection regulations across the world, as well as to defend intellectual property and other commercially sensitive information. Although, it has led to an outpouring of security alerts being issued on a regular basis for many organizations. This is hard or impossible for most organizations, particularly small and medium-sized firms (SMEs), to examine and analyze every alert. Moreover, SOCaaS solutions allow a comprehensive and harmonized threat detection and response capacity, indicating to auditors a concentrated effort to address all cyber security concerns. Another important factor is the scarcity of cyber security capabilities, which affects businesses of all sizes. SOCaaS allows businesses to take advantage of the benefits of a security operations center (SOC) or extra SOC resources without the hassle of finding and keeping qualified personnel. This service also enables rapid capacity expansion at a fraction of the cost of sustaining additional capacity in-house.
Hackers are always improving the cyber-attacks to make them more evasive and dangerous. Therefore, a developed region like North America requires the incorporation of SOC as a service in every relevant organization in order to safeguard the rich and sensitive data of the organization. For instance, as per the Identity Theft Resource Center, there were multiple thousands of data breaches in the United States in 2020. Moreover, in 2020, a significant cyber-attack supported by a foreign government breached hundreds of organizations around the world, including multiple elements of the US federal government, resulting in a series of data breaches.
The security operations center (SOC) team has become more sophisticated as a result of the Internet of Things. SOC personnel must learn the nuances of cyber-attacks that make use of the hyper-connectivity provided by enterprise IoT. For example, with the establishment of its Mississauga-based security operations center in March 2020, Optiv Security, a security solutions integrator delivering end-to-end cyber-security solutions, underscored its continuous engagement in defending Canadian enterprises and government institutions. To deliver local, real-time, 24/7 threat monitoring and remediation services for Canadian clients, the center brings together a varied team of cyber-security experts, comprising SOC engineers, developers, and threat analysts.
The US market dominated the North America 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 $2,726.9 million by 2028. The Canada market is estimated to grow at a CAGR of 12.1% during (2022 - 2028). Additionally, The Mexico market would witness a CAGR of 11.1% 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 U.S., Mexico, Canada, and Rest of North America.
Free Valuable Insights: The Global SOC as a Service Market is Estimated 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
- US
- Canada
- Mexico
- Rest of North America
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
Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 North America SOC as a Service Market, by Type
1.4.2 North America SOC as a Service Market, by Vertical
1.4.3 North America SOC as a Service Market, by Component
1.4.4 North America SOC as a Service Market, by Offering Type
1.4.5 North America SOC as a Service Market, by Organization Size
1.4.6 North America SOC as a Service Market, by Application
1.4.7 North America SOC as a Service Market, by Country
1.5 Methodology for the research
Chapter 2. Market Overview
2.1 Introduction
2.1.1 Overview
2.1.1.1 Market Composition and Scenario
2.2 Key Factors Impacting the Market
2.2.1 Market Drivers
2.2.2 Market Restraints
Chapter 3. Competition Analysis - Global
3.1 KBV Cardinal Matrix
3.2 Recent Industry Wide Strategic Developments
3.2.1 Partnerships, Collaborations and Agreements
3.2.2 Product Launches and Product Expansions
3.2.3 Acquisition and Mergers
3.2.4 Geographical Expansions
3.3 Market Share Analysis, 2021
3.4 Top Winning Strategies
3.4.1 Key Leading Strategies: Percentage Distribution (2018-2022)
Chapter 4. North America SOC as a Service Market by Type
4.1 North America Vulnerability Assessment & Threat Detection Market by Country
4.2 North America Incident Response Market by Country
Chapter 5. North America SOC as a Service Market by Vertical
5.1 North America BFSI Market by Country
5.2 North America IT & ITeS Market by Country
5.3 North America Manufacturing Market by Country
5.4 North America Telecommunications Market by Country
5.5 North America Government & Public Sector Market by Country
5.6 North America Healthcare & Life Sciences Market by Country
5.7 North America Transportation & Logistics Market by Country
5.8 North America Energy & Utilities Market by Country
5.9 North America Other Vertical Market by Country
Chapter 6. North America SOC as a Service Market by Component
6.1 North America Professional Services Market by Country
6.2 North America Solution Market by Country
Chapter 7. North America SOC as a Service Market by Offering Type
7.1 North America Co-managed Market by Country
7.2 North America Fully Managed Market by Country
Chapter 8. North America SOC as a Service Market by Organization Size
8.1 North America Large Enterprises Market by Country
8.2 North America Small & Medium Enterprises Market by Country
Chapter 9. North America SOC as a Service Market by Application
9.1 North America Endpoint Security Market by Country
9.2 North America Network Security Market by Country
9.3 North America Cloud Security Market by Country
9.4 North America Others Market by Country
Chapter 10. North America SOC as a Service Market by Country
10.1 US SOC as a Service Market
10.1.1 US SOC as a Service Market by Type
10.1.2 US SOC as a Service Market by Vertical
10.1.3 US SOC as a Service Market by Component
10.1.4 US SOC as a Service Market by Offering Type
10.1.5 US SOC as a Service Market by Organization Size
10.1.6 US SOC as a Service Market by Application
10.2 Canada SOC as a Service Market
10.2.1 Canada SOC as a Service Market by Type
10.2.2 Canada SOC as a Service Market by Vertical
10.2.3 Canada SOC as a Service Market by Component
10.2.4 Canada SOC as a Service Market by Offering Type
10.2.5 Canada SOC as a Service Market by Organization Size
10.2.6 Canada SOC as a Service Market by Application
10.3 Mexico SOC as a Service Market
10.3.1 Mexico SOC as a Service Market by Type
10.3.2 Mexico SOC as a Service Market by Vertical
10.3.3 Mexico SOC as a Service Market by Component
10.3.4 Mexico SOC as a Service Market by Offering Type
10.3.5 Mexico SOC as a Service Market by Organization Size
10.3.6 Mexico SOC as a Service Market by Application
10.4 Rest of North America SOC as a Service Market
10.4.1 Rest of North America SOC as a Service Market by Type
10.4.2 Rest of North America SOC as a Service Market by Vertical
10.4.3 Rest of North America SOC as a Service Market by Component
10.4.4 Rest of North America SOC as a Service Market by Offering Type
10.4.5 Rest of North America SOC as a Service Market by Organization Size
10.4.6 Rest of North America SOC as a Service Market by Application
Chapter 11. Company Profiles
11.1 AT&T, Inc.
11.1.1 Company Overview
11.1.2 Financial Analysis
11.1.3 Segmental and Regional Analysis
11.1.4 Research & Development Expense
11.1.5 Recent strategies and developments:
11.1.5.1 Acquisition and Mergers:
11.2 IBM Corporation
11.2.1 Company Overview
11.2.2 Financial Analysis
11.2.3 Regional & Segmental Analysis
11.2.4 Research & Development Expenses
11.2.5 Recent strategies and developments:
11.2.5.1 Partnerships, Collaborations, and Agreements:
11.2.5.2 Acquisition and Mergers:
11.2.5.3 Geographical Expansions:
11.3 NTT Data Corporation
11.3.1 Company overview
11.3.2 Financial Analysis
11.3.3 Segmental Analysis
11.3.4 Research & Development Expense
11.3.5 Recent strategies and developments:
11.3.5.1 Partnerships, Collaborations, and Agreements:
11.3.5.2 Acquisition and Mergers:
11.3.5.3 Geographical Expansions:
11.3.6 SWOT Analysis
11.4 Verizon Communications, Inc.
11.4.1 Company Overview
11.4.2 Financial Analysis
11.4.3 Segmental Analysis
11.5 Cloudflare, Inc.
11.5.1 Company Overview
11.5.2 Financial Analysis
11.5.3 Regional Analysis
11.5.4 Research & Development Expense
11.5.5 Recent strategies and developments:
11.5.5.1 Partnerships, Collaborations, and Agreements:
11.5.5.2 Acquisition and Mergers:
11.6 Fortinet, Inc.
11.6.1 Company Overview
11.6.2 Financial Analysis
11.6.3 Regional Analysis
11.6.4 Research & Development Expenses
11.6.5 Recent strategies and developments:
11.6.5.1 Product Launches and Product Expansions:
11.6.5.2 Acquisition and Mergers:
11.7 Check Point Software Technologies Ltd.
11.7.1 Company Overview
11.7.2 Financial Analysis
11.7.3 Regional Analysis
11.7.4 Research & Development Expense
11.7.5 Recent strategies and developments:
11.7.5.1 Product Launches and Product Expansions:
11.8 Atos Group
11.8.1 Company Overview
11.8.2 Financial Analysis
11.8.3 Segmental Analysis
11.8.4 Recent strategies and developments:
11.8.4.1 Partnerships, Collaborations, and Agreements:
11.8.4.2 Geographical Expansions:
11.9 Tata Consultancy Services Ltd.
11.9.1 Company Overview
11.9.2 Financial Analysis
11.9.3 Segmental and Regional Analysis
11.9.4 Research & Development Expenses
11.9.5 Recent strategies and developments:
11.9.5.1 Product Launches and Product Expansions:
11.9.6 SWOT Analysis
11.10. Profico
11.10.1 Company Overview
11.10.2 Recent strategies and developments:
11.10.2.1 Partnerships, Collaborations, and Agreements:
11.10.2.2 Product Launches and Product Expansions:
TABLE 1 North America SOC as a Service Market, 2018 - 2021, USD Million
TABLE 2 North America 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 North America SOC as a Service Market by Type, 2018 - 2021, USD Million
TABLE 8 North America SOC as a Service Market by Type, 2022 - 2028, USD Million
TABLE 9 North America Vulnerability Assessment & Threat Detection Market by Country, 2018 - 2021, USD Million
TABLE 10 North America Vulnerability Assessment & Threat Detection Market by Country, 2022 - 2028, USD Million
TABLE 11 North America Incident Response Market by Country, 2018 - 2021, USD Million
TABLE 12 North America Incident Response Market by Country, 2022 - 2028, USD Million
TABLE 13 North America SOC as a Service Market by Vertical, 2018 - 2021, USD Million
TABLE 14 North America SOC as a Service Market by Vertical, 2022 - 2028, USD Million
TABLE 15 North America BFSI Market by Country, 2018 - 2021, USD Million
TABLE 16 North America BFSI Market by Country, 2022 - 2028, USD Million
TABLE 17 North America IT & ITeS Market by Country, 2018 - 2021, USD Million
TABLE 18 North America IT & ITeS Market by Country, 2022 - 2028, USD Million
TABLE 19 North America Manufacturing Market by Country, 2018 - 2021, USD Million
TABLE 20 North America Manufacturing Market by Country, 2022 - 2028, USD Million
TABLE 21 North America Telecommunications Market by Country, 2018 - 2021, USD Million
TABLE 22 North America Telecommunications Market by Country, 2022 - 2028, USD Million
TABLE 23 North America Government & Public Sector Market by Country, 2018 - 2021, USD Million
TABLE 24 North America Government & Public Sector Market by Country, 2022 - 2028, USD Million
TABLE 25 North America Healthcare & Life Sciences Market by Country, 2018 - 2021, USD Million
TABLE 26 North America Healthcare & Life Sciences Market by Country, 2022 - 2028, USD Million
TABLE 27 North America Transportation & Logistics Market by Country, 2018 - 2021, USD Million
TABLE 28 North America Transportation & Logistics Market by Country, 2022 - 2028, USD Million
TABLE 29 North America Energy & Utilities Market by Country, 2018 - 2021, USD Million
TABLE 30 North America Energy & Utilities Market by Country, 2022 - 2028, USD Million
TABLE 31 North America Other Vertical Market by Country, 2018 - 2021, USD Million
TABLE 32 North America Other Vertical Market by Country, 2022 - 2028, USD Million
TABLE 33 North America SOC as a Service Market by Component, 2018 - 2021, USD Million
TABLE 34 North America SOC as a Service Market by Component, 2022 - 2028, USD Million
TABLE 35 North America Professional Services Market by Country, 2018 - 2021, USD Million
TABLE 36 North America Professional Services Market by Country, 2022 - 2028, USD Million
TABLE 37 North America Solution Market by Country, 2018 - 2021, USD Million
TABLE 38 North America Solution Market by Country, 2022 - 2028, USD Million
TABLE 39 North America SOC as a Service Market by Offering Type, 2018 - 2021, USD Million
TABLE 40 North America SOC as a Service Market by Offering Type, 2022 - 2028, USD Million
TABLE 41 North America Co-managed Market by Country, 2018 - 2021, USD Million
TABLE 42 North America Co-managed Market by Country, 2022 - 2028, USD Million
TABLE 43 North America Fully Managed Market by Country, 2018 - 2021, USD Million
TABLE 44 North America Fully Managed Market by Country, 2022 - 2028, USD Million
TABLE 45 North America SOC as a Service Market by Organization Size, 2018 - 2021, USD Million
TABLE 46 North America SOC as a Service Market by Organization Size, 2022 - 2028, USD Million
TABLE 47 North America Large Enterprises Market by Country, 2018 - 2021, USD Million
TABLE 48 North America Large Enterprises Market by Country, 2022 - 2028, USD Million
TABLE 49 North America Small & Medium Enterprises Market by Country, 2018 - 2021, USD Million
TABLE 50 North America Small & Medium Enterprises Market by Country, 2022 - 2028, USD Million
TABLE 51 North America SOC as a Service Market by Application, 2018 - 2021, USD Million
TABLE 52 North America SOC as a Service Market by Application, 2022 - 2028, USD Million
TABLE 53 North America Endpoint Security Market by Country, 2018 - 2021, USD Million
TABLE 54 North America Endpoint Security Market by Country, 2022 - 2028, USD Million
TABLE 55 North America Network Security Market by Country, 2018 - 2021, USD Million
TABLE 56 North America Network Security Market by Country, 2022 - 2028, USD Million
TABLE 57 North America Cloud Security Market by Country, 2018 - 2021, USD Million
TABLE 58 North America Cloud Security Market by Country, 2022 - 2028, USD Million
TABLE 59 North America Others Market by Country, 2018 - 2021, USD Million
TABLE 60 North America Others Market by Country, 2022 - 2028, USD Million
TABLE 61 North America SOC as a Service Market by Country, 2018 - 2021, USD Million
TABLE 62 North America SOC as a Service Market by Country, 2022 - 2028, USD Million
TABLE 63 US SOC as a Service Market, 2018 - 2021, USD Million
TABLE 64 US SOC as a Service Market, 2022 - 2028, USD Million
TABLE 65 US SOC as a Service Market by Type, 2018 - 2021, USD Million
TABLE 66 US SOC as a Service Market by Type, 2022 - 2028, USD Million
TABLE 67 US SOC as a Service Market by Vertical, 2018 - 2021, USD Million
TABLE 68 US SOC as a Service Market by Vertical, 2022 - 2028, USD Million
TABLE 69 US SOC as a Service Market by Component, 2018 - 2021, USD Million
TABLE 70 US SOC as a Service Market by Component, 2022 - 2028, USD Million
TABLE 71 US SOC as a Service Market by Offering Type, 2018 - 2021, USD Million
TABLE 72 US SOC as a Service Market by Offering Type, 2022 - 2028, USD Million
TABLE 73 US SOC as a Service Market by Organization Size, 2018 - 2021, USD Million
TABLE 74 US SOC as a Service Market by Organization Size, 2022 - 2028, USD Million
TABLE 75 US SOC as a Service Market by Application, 2018 - 2021, USD Million
TABLE 76 US SOC as a Service Market by Application, 2022 - 2028, USD Million
TABLE 77 Canada SOC as a Service Market, 2018 - 2021, USD Million
TABLE 78 Canada SOC as a Service Market, 2022 - 2028, USD Million
TABLE 79 Canada SOC as a Service Market by Type, 2018 - 2021, USD Million
TABLE 80 Canada SOC as a Service Market by Type, 2022 - 2028, USD Million
TABLE 81 Canada SOC as a Service Market by Vertical, 2018 - 2021, USD Million
TABLE 82 Canada SOC as a Service Market by Vertical, 2022 - 2028, USD Million
TABLE 83 Canada SOC as a Service Market by Component, 2018 - 2021, USD Million
TABLE 84 Canada SOC as a Service Market by Component, 2022 - 2028, USD Million
TABLE 85 Canada SOC as a Service Market by Offering Type, 2018 - 2021, USD Million
TABLE 86 Canada SOC as a Service Market by Offering Type, 2022 - 2028, USD Million
TABLE 87 Canada SOC as a Service Market by Organization Size, 2018 - 2021, USD Million
TABLE 88 Canada SOC as a Service Market by Organization Size, 2022 - 2028, USD Million
TABLE 89 Canada SOC as a Service Market by Application, 2018 - 2021, USD Million
TABLE 90 Canada SOC as a Service Market by Application, 2022 - 2028, USD Million
TABLE 91 Mexico SOC as a Service Market, 2018 - 2021, USD Million
TABLE 92 Mexico SOC as a Service Market, 2022 - 2028, USD Million
TABLE 93 Mexico SOC as a Service Market by Type, 2018 - 2021, USD Million
TABLE 94 Mexico SOC as a Service Market by Type, 2022 - 2028, USD Million
TABLE 95 Mexico SOC as a Service Market by Vertical, 2018 - 2021, USD Million
TABLE 96 Mexico SOC as a Service Market by Vertical, 2022 - 2028, USD Million
TABLE 97 Mexico SOC as a Service Market by Component, 2018 - 2021, USD Million
TABLE 98 Mexico SOC as a Service Market by Component, 2022 - 2028, USD Million
TABLE 99 Mexico SOC as a Service Market by Offering Type, 2018 - 2021, USD Million
TABLE 100 Mexico SOC as a Service Market by Offering Type, 2022 - 2028, USD Million
TABLE 101 Mexico SOC as a Service Market by Organization Size, 2018 - 2021, USD Million
TABLE 102 Mexico SOC as a Service Market by Organization Size, 2022 - 2028, USD Million
TABLE 103 Mexico SOC as a Service Market by Application, 2018 - 2021, USD Million
TABLE 104 Mexico SOC as a Service Market by Application, 2022 - 2028, USD Million
TABLE 105 Rest of North America SOC as a Service Market, 2018 - 2021, USD Million
TABLE 106 Rest of North America SOC as a Service Market, 2022 - 2028, USD Million
TABLE 107 Rest of North America SOC as a Service Market by Type, 2018 - 2021, USD Million
TABLE 108 Rest of North America SOC as a Service Market by Type, 2022 - 2028, USD Million
TABLE 109 Rest of North America SOC as a Service Market by Vertical, 2018 - 2021, USD Million
TABLE 110 Rest of North America SOC as a Service Market by Vertical, 2022 - 2028, USD Million
TABLE 111 Rest of North America SOC as a Service Market by Component, 2018 - 2021, USD Million
TABLE 112 Rest of North America SOC as a Service Market by Component, 2022 - 2028, USD Million
TABLE 113 Rest of North America SOC as a Service Market by Offering Type, 2018 - 2021, USD Million
TABLE 114 Rest of North America SOC as a Service Market by Offering Type, 2022 - 2028, USD Million
TABLE 115 Rest of North America SOC as a Service Market by Organization Size, 2018 - 2021, USD Million
TABLE 116 Rest of North America SOC as a Service Market by Organization Size, 2022 - 2028, USD Million
TABLE 117 Rest of North America SOC as a Service Market by Application, 2018 - 2021, USD Million
TABLE 118 Rest of North America SOC as a Service Market by Application, 2022 - 2028, USD Million
TABLE 119 Key Information – AT&T, Inc.
TABLE 120 Key information – IBM Corporation
TABLE 121 Key Information – NTT Data Corporation
TABLE 122 key information – Verizon Communications, Inc.
TABLE 123 Key Information – Cloudflare, Inc.
TABLE 124 key information – Fortinet, Inc.
TABLE 125 Key Information – Check Point Software Technologies Ltd.
TABLE 126 key information – Atos Group
TABLE 127 Key Information – Tata Consultancy Services Ltd.
TABLE 128 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.