Pune, Maharashtra -- (SBWire) -- 07/26/2023 --The Latest Released Global Security Operation Center market study has evaluated the future growth potential of Global Security Operation Center market and provides information and useful stats on market structure and size. The report is intended to provide market intelligence and strategic insights to help decision-makers take sound investment decisions and identify potential gaps and growth opportunities. Additionally, the report also identifies and analyses changing dynamics, and emerging trends along with essential drivers, challenges, opportunities, and restraints in the Global Security Operation Center market. The study includes market share analysis and profiles of players such as Nuspire (USA), Netsurion (USA), Deepwatch (USA), Kroll (USA), F-Secure Corp. (Finland), Verizon Managed Security Services (USA), ECS Federal, LLC (USA), Infosys (India), Wipro (India), BT Security (USA), Atos (France), Secureworks (USA)., Alert Logic (USA), IBM Managed Security Services (USA), Accenture (Ireland), Orange Cyberdefense (France), Herjavec Group (Canada), Trustwave (USA), NTT Ltd. (Japan), AT&T Cybersecurity (USA), Cisco Systems Inc. (USA), Dell Technologies Inc. (USA), Symantec Corporation (USA), McAfee LLC (USA).
According to HTF Market Intelligence, the Global Security Operation Center market to witness a CAGR of 10.1% during forecast period of 2023-2028. Global Security Operation Center Market Breakdown by Application (Banking, Financial Services, and Insurance (BFSI), Government and Defense, Healthcare, IT and Telecom, Others) by Type (Solutions, Services) by By Organization Size (Large Enterprise, Small and Medium-Sized Enterprise (SMEs)) by By Deployment (On-Premise, Cloud-Based) and by Geography (North America, South America, Europe, Asia Pacific, MEA).
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Definition
The Security Operation Center (SOC) market refers to the business segment that provides security services to organizations by monitoring, detecting, analyzing, and responding to security threats and incidents in real-time. A SOC is a centralized facility where a team of security experts uses a combination of technology, processes, and procedures to protect an organization's critical assets from cyber-attacks, data breaches, and other security incidents. The SOC market includes a wide range of products and services, such as security information and event management (SIEM), threat intelligence, endpoint protection, incident response, and managed security services. The market is driven by the growing demand for advanced security solutions to mitigate the risks associated with cyber threats and to comply with regulatory requirements.
Major Highlights of the Global Security Operation Center Market report released by HTF MI
Global Security Operation Center Market Breakdown by Application (Banking, Financial Services, and Insurance (BFSI), Government and Defense, Healthcare, IT and Telecom, Others) by Type (Solutions, Services) by By Organization Size (Large Enterprise, Small and Medium-Sized Enterprise (SMEs)) by By Deployment (On-Premise, Cloud-Based) and by Geography (North America, South America, Europe, Asia Pacific, MEA)
Security Operation Center Market Trend
- Increasing adoption of cloud-based security operation centers (SOCs) to reduce costs and improve scalability and flexibility.
- Growing focus on threat intelligence and analytics to enhance proactive threat detection and response capabilities.
- Rising demand for managed SOC services, where third-party providers manage and monitor a company's security operations.
Security Operation Center Market Driver
- Increasing frequency and complexity of cyber threats, such as ransomware, malware, and phishing attacks, driving the need for advanced security measures.
- Growing regulatory requirements for data protection and privacy, leading companies to invest in SOC solutions to meet compliance standards.
- Rising adoption of mobile devices and the Internet of Things (IoT), expanding the attack surface and requiring more advanced SOC capabilities.
SWOT Analysis on Global Security Operation Center Players
In addition to Market Share analysis of players, in-depth profiling, product/service, and business overview, the study also concentrates on BCG matrix, heat map analysis, FPNV positioning along with SWOT analysis to better correlate market competitiveness.
Demand from top-notch companies and government agencies is expected to rise as they seek more information on the latest scenario. Check the Demand Determinants section for more information.
Regulation Analysis
- Local System and Other Regulation: Regional variations in Laws for the use of Global Security Operation Center
- Regulation and its Implications
- Other Compliances
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FIVE FORCES & PESTLE ANALYSIS:
In order to better understand market conditions five forces analysis is conducted that includes the Bargaining power of buyers, Bargaining power of suppliers, Threat of new entrants, Threat of substitutes, and Threat of rivalry.
- Political (Political policy and stability as well as trade, fiscal, and taxation policies)
- Economical (Interest rates, employment or unemployment rates, raw material costs, and foreign exchange rates)
- Social (Changing family demographics, education levels, cultural trends, attitude changes, and changes in lifestyles)
- Technological (Changes in digital or mobile technology, automation, research, and development)
- Legal (Employment legislation, consumer law, health, and safety, international as well as trade regulation and restrictions)
- Environmental (Climate, recycling procedures, carbon footprint, waste disposal, and sustainability)
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Heat map Analysis, 3-Year Financial and Detailed Company Profiles of Key & Emerging Players: Nuspire (USA), Netsurion (USA), Deepwatch (USA), Kroll (USA), F-Secure Corp. (Finland), Verizon Managed Security Services (USA), ECS Federal, LLC (USA), Infosys (India), Wipro (India), BT Security (USA), Atos (France), Secureworks (USA)., Alert Logic (USA), IBM Managed Security Services (USA), Accenture (Ireland), Orange Cyberdefense (France), Herjavec Group (Canada), Trustwave (USA), NTT Ltd. (Japan), AT&T Cybersecurity (USA), Cisco Systems Inc. (USA), Dell Technologies Inc. (USA), Symantec Corporation (USA), McAfee LLC (USA).
Geographically, the following regions together with the listed national/local markets are fully investigated:
- APAC (Japan, China, South Korea, Australia, India, and the Rest of APAC; the Rest of APAC is further segmented into Malaysia, Singapore, Indonesia, Thailand, New Zealand, Vietnam, and Sri Lanka)
- Europe (Germany, UK, France, Spain, Italy, Russia, Rest of Europe; Rest of Europe is further segmented into Belgium, Denmark, Austria, Norway, Sweden, The Netherlands, Poland, Czech Republic, Slovakia, Hungary, and Romania)
- North America (U.S., Canada, and Mexico)
- South America (Brazil, Chile, Argentina, Rest of South America)
- MEA (Saudi Arabia, UAE, South Africa)
Some Extracts from Global Security Operation Center Market Study Table of Content
Global Security Operation Center Market Size (Sales) Market Share by Type (Product Category) [Solutions, Services] in 2023
Global Security Operation Center Market by Application/End Users [Banking, Financial Services, and Insurance (BFSI), Government and Defense, Healthcare, IT and Telecom, Others]
Global Security Operation Center Sales and Growth Rate (2023-2029)
Global Security Operation Center Competition by Players/Suppliers, Region, Type, and Application
Global Security Operation Center (Volume, Value, and Sales Price) table defined for each geographic region defined.
Supply Chain, Sourcing Strategy and Downstream Buyers, Industrial Chain Analysis
........and view more in the complete table of Contents
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