DUBLIN, June 5, 2019 /PRNewswire/ -- The "Security Operations Center Market - Global Forecast up to 2025" report has been added to ResearchAndMarkets.com's offering.
The report predicts that the Security Operations Center market revenue is estimated to be $31,796.9 million in 2019 and is expected to reach $61,199.7 million by 2025, growing at a CAGR of 11.5% during the forecast period 2019-2025.
According to the SOC market analysis, North America accounted for the largest share of the Security Operations Center market in 2019 owing to strong economic conditions in the region and increased focus to enhance advanced systems protection for the enterprises. The cybersecurity is the focus area for the SOCs detecting threats from external sources.
The Asia Pacific region holds a good potential for the vendors and is expected to grow at the highest CAGR during the forecast period 2019-2025. The Asia Pacific region is expected to witness growth in SOCs due to presence of the emerging countries such as India, China, and Philippines and organizations in the region are experiencing increase in customers and focus on data protection and threat detection.
Competitive Analysis and Key Vendors
The Security Operations Center market vendors are extending its partner ecosystem with capabilities in integration, consulting, reseller, and geographical reach to enhance their service offerings. The Security Operations Center market is expected to enhance the security operations of enterprises with continuous monitoring and early threat detection.
The report contains an in-depth analysis of vendor profiles, which include analyst opinion, offerings, and competitive landscape. The holistic systems protection with endpoint security, data loss prevention, threat intelligence, among others are expected to drive the Security Operations Center market set up across the globe.
Some of the key vendors in the market are:
Other companies covered in the report are Fortinet, F5 Networks, Verizon, British Telecom, and Digital Guardian.
Segmentation of component
In 2019, the services segment occupied the largest market share and is expected to have the higher share during the forecast period. The services segment is majorly contributed by the managed security services providers who provide services from their SOCs to multiple clients and manage the SOCs of the clients.
Segmentation of function
- Security Services
- Threat and Infrastructure Management
- Identity and Access Management
- Data Security
In 2019 the security services occupied the largest market share and is expected to grow at a high CAGR during the forecast period. The MSSPs help enterprises in continuous security software updates and enhanced detection of cyber-attacks.
Segmentation of service model
- Fully Outsourcing
- Improved threat management
- Better adherence to regulatory compliance
- Centralized security operations functions
- Breach response failures
- High investment concerns
- Lack of expertise in staffs
- Continuous monitoring of breaches
- Increasing amount of data to monitor and manage
- Cisco Systems, Inc.
- Capgemini SE
- Symantec Corporation
- IBM Corporation
- SecureWorks Corporation
Companies to Watch for
- Fortinet, Inc.
- F5 Networks, Inc.
- Verizon Communications Inc.
- British Telecom Group PLC
- Digital Guardian
For more information about this report visit https://www.researchandmarkets.com/r/otpire
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SOURCE Research and Markets