SOC-as-a-Service Market to Reach USD 14.66 Billion by 2030, Driven by Cybersecurity Threats and Technological Advancements | Martech Edge | Best News on Marketing and Technology
GFG image
SOC-as-a-Service Market to Reach USD 14.66 Billion by 2030, Driven by Cybersecurity Threats and Technological Advancements

cybersecurity

SOC-as-a-Service Market to Reach USD 14.66 Billion by 2030, Driven by Cybersecurity Threats and Technological Advancements

SOC-as-a-Service Market to Reach USD 14.66 Billion by 2030, Driven by Cybersecurity Threats and Technological Advancements

PR Newswire

Published on : Feb 4, 2025

The SOC-as-a-Service (SOCaaS) market is set to expand significantly, projected to reach USD 14.66 billion by 2030 from USD 7.37 billion in 2024, with a CAGR of 12.2% from 2024 to 2030, according to a new report by MarketsandMarkets. The market growth is largely driven by increasing cybersecurity threats, particularly in industries such as BFSI, healthcare, and government, coupled with rapid technological advancements in AI, IoT, and blockchain. These innovations are streamlining threat detection and response systems, reducing human dependency and accelerating response times, pushing organizations toward adopting SOCaaS solutions.

Key Drivers of SOC-as-a-Service Market Growth

1. Rising Complexity and Frequency of Cyberattacks

As industries face growing cybersecurity threats, including ransomware, phishing, and breaches, the need for advanced security measures is becoming paramount. Key sectors like BFSI, healthcare, and government are especially vulnerable and are accelerating their investments in SOCaaS to protect their critical digital assets.

2. Technological Advancements in AI, IoT, and Blockchain

Emerging technologies such as AI, IoT, and blockchain are reshaping the cybersecurity landscape. These innovations facilitate predictive threat analysis, automated response systems, and Security Orchestration, Automation, and Response (SOAR) tools, improving efficiency and reducing operational complexity. The growth of digital transformation initiatives further boosts the adoption of SOCaaS as companies seek to secure their digital infrastructures.

SMEs to Drive Market Growth with High CAGR

3. SMEs Adopting SOCaaS for Cost-Effective Security Solutions

Small and Medium-sized Enterprises (SMEs) are expected to register the highest CAGR during the forecast period. SMEs often lack the resources for in-house cybersecurity management, making SOCaaS a cost-effective and scalable solution. SOCaaS enables SMEs to access advanced threat detection, monitoring, and incident response services, thus enhancing their cybersecurity posture without hefty investment in infrastructure.

4. Digital Transformation and Remote Work Fueling SOCaaS Adoption

As SMEs continue to undergo digital transformation, embrace remote work, and rely on cloud services, they face increased exposure to cyber threats. SOCaaS offers comprehensive solutions that secure cloud infrastructure and ensure compliance with regulatory requirements, providing SMEs with the robust protection they need.

Cloud Security to Dominate the Market

5. Cloud Security Solutions Leading the SOCaaS Market

Cloud security is expected to grow at the highest market size during the forecast period due to the increasing use of cloud-based infrastructure across industries. With the rise of hybrid work environments, cloud adoption, and digital transformation, organizations are prioritizing SOCaaS solutions to secure their cloud assets and ensure data integrity while meeting regulatory demands.

North America to Lead the Market

6. North America’s Dominance in SOCaaS Market Growth

North America is projected to lead the market, driven by its advanced technological infrastructure, stringent regulatory frameworks, and rising cybersecurity threats. Countries like the United States and Canada are major adopters of cutting-edge technologies such as AI, blockchain, and IoT, which are integral to SOCaaS solutions.

Moreover, government initiatives, such as the adoption of cloud-based solutions and the NIST Cybersecurity Framework, are propelling SOCaaS adoption across the region. The rapid pace of digitalization and the increasing prevalence of cyberattacks further cement North America's leadership in this market.

Key Players in the SOC-as-a-Service Market

Top companies in the SOCaaS market include:

  • Thales (France)
  • Airbus Cybersecurity (France)
  • NTT (Japan)
  • Lumen Technologies (US)
  • Fortinet (US)
  • Cloudflare (US)
  • Check Point (US)
  • Kaseya (US)
  • Trustwave (US)
  • Arctic Wolf Networks (US)
  • Proficio (US)
  • LRQA (UK)
  • Inspirisys (India)
  • Eventus Security (India)
  • Cyber Security Hive (India)

The SOC-as-a-Service market is poised for significant growth, driven by the increasing complexity of cyberattacks, digital transformation efforts, and advancements in emerging technologies. As organizations, particularly SMEs, seek cost-effective and scalable cybersecurity solutions, SOCaaS is becoming an essential service to secure digital assets, safeguard data, and comply with evolving regulatory requirements. With North America leading the charge, the market is set for continued expansion through 2030.