The security operations center (SOC) as a service market is expected to grow at a CAGR of 10.14%, reaching a market size of US$15.388 billion in 2030 from US$9.492 billion in 2025.
It is a subscription service based on the cloud that provides capabilities for threat detection, response, and monitoring. Typically offered by an external company, SOCaaS (Security Operations Center as a Service) is often more cost-effective than establishing and managing an internal team.
SOCaaS offers companies the opportunity to leverage cutting-edge solutions and expert professionals, resulting in enhanced detection and response capabilities, as well as reduced risk. This is particularly advantageous for industries like healthcare and finance, which have stringent cybersecurity compliance regulations, as it simplifies the hiring process. Soc as a service provides cost-effective, professional security monitoring without the requirement of an in-house team. It adjusts based on requirements and delivers round-the-clock threat detection and response, ultimately saving both time and money.
Businesses are presently facing a relentless surge of cyber assaults, with hackers utilizing more advanced strategies. The growing threat landscape is compelling companies to prioritize cybersecurity like never before. However, many organizations find it impractical to establish a robust in-house SOC due to budget constraints or a lack of expertise. In such cases, SOCaaS emerges as an appealing solution.
By subscribing to a SOCaaS provider, companies can gain access to a team of security professionals equipped with the latest tools and threat intelligence. This enables them to continuously monitor the network for any suspicious activity, detect potential threats at an early stage, and promptly respond to security incidents.
For instance, according to the Internet Crime Report of 2023, there was a surge in complaints from the American public, with a total of 880,418 complaints filed and potential losses surpassing $12.5 billion. The number of complaints received increased by almost 10%, while the losses suffered showed a 22% rise compared to the previous year, 2022.
The cloud revolution is revolutionizing the operations of businesses, but it also brings forth new security considerations. As more companies transfer their data and applications to the cloud, their security requirements are changing. Traditional security solutions that were designed for on-premises environments may not be adequate for the dynamic nature of the cloud.
The SOC as service providers utilize advanced tools and threat intelligence to detect suspicious activity across cloud workloads, storage, and access points. SOCaaS providers comprehend the unique security challenges of cloud computing and offer features such as cloud workload protection platforms (CWPP) and cloud security posture management (CSPM) capabilities.
For instance, according to a December 2023 article published in Eurostat, cloud computing services were acquired by 45.2% of enterprises in the EU in 2023. The primary purpose behind this acquisition was to facilitate the hosting of their e-mail systems, storing files electronically, and utilizing office software. Furthermore, among these enterprises, a significant 75.3% opted for advanced cloud services that encompassed security software applications, hosting databases for the enterprise, and providing a computing platform for application development, testing, and deployment.
The strict regulatory landscape necessitates stronger cybersecurity measures from businesses. In order to safeguard sensitive information, data privacy regulations such as “General Data Protection Regulation (GDPR)” in the EU and industry-specific compliance requirements like HIPAA in healthcare demand robust security practices. Security operation center as a service (SocaaS) proves to be an invaluable tool in navigating this intricate environment. By continuously monitoring networks and systems for any suspicious activity, SocaaS assists businesses in identifying and addressing potential security breaches that may result in compliance violations.
Additionally, SocaaS providers offer comprehensive reporting that showcases a company's adherence to security best practices and regulatory requirements. This aspect becomes particularly crucial during audits or investigations, providing businesses with peace of mind and minimizing the risk of substantial fines for non-compliance.
North America, which includes Canada, Mexico, and the United States, is expected to experience significant growth in the field of SOCaaS in the upcoming years. Various factors contribute to this prevailing influence. Firstly, companies in North America are leading the way in adopting cloud technology. As they transfer critical data and applications to the cloud, their security requirements become more intricate. SOCaaS solutions are specifically designed to tackle these challenges related to cloud security.
Further, there is a growing awareness of cyber threats and the rising expenses associated with cyberattacks, which is compelling businesses to prioritize investments in cybersecurity. SOCaaS provides a cost-effective approach to accessing advanced threat detection and response capabilities.
For instance, according to an article published by the Government of Canada in October 2023, it states that October marks Cyber Security Awareness Month in Canada. The "Get Cyber Safe" initiative by the Canadian government provides complimentary resources to assist Canadians in enhancing their online safety through advice on creating secure passwords, recognizing scams, and safeguarding personal data.
Careful evaluation is necessary to find a SocaaS provider whose expertise aligns with specific industries or threats, as the talent pool they offer may not be as deep or specialized as a large in-house SOC team.
Certain Soc as service providers may not fully disclose their security procedures, sources of threat intelligence, or protocols for incident response. This lack of clarity can pose challenges for businesses in accurately evaluating the efficacy of the SocaaS solution.
| Report Metric | Details |
|---|---|
| Study Period | 2021 to 2031 |
| Historical Data | 2021 to 2024 |
| Base Year | 2025 |
| Forecast Period | 2026 – 2031 |
| Report Metric | Details |
| SOC As A Service Market Size in 2025 | US$9.492 billion |
| SOC As A Service Market Size in 2030 | US$15.388 billion |
| Growth Rate | CAGR of 10.14% |
| Study Period | 2020 to 2030 |
| Historical Data | 2020 to 2023 |
| Base Year | 2024 |
| Forecast Period | 2025 – 2030 |
| Forecast Unit (Value) | USD Billion |
| Segmentation |
|
| Geographical Segmentation | North America, South America, Europe, Middle East and Africa, Asia Pacific |
| List of Major Companies in the SOC As A Service Market |
|
| Customization Scope | Free report customization with purchase |