The global SOC security market size accounted for USD 82 million in 2024 and is expected to exceed around USD 224.58 million by 2034, growing at a CAGR of 10.6% from 2024 to 2034.
The SOC security market refers to the production, distribution, and use of this security operation center (SOC), which is a team of IT security professionals that protects the organization by monitoring, detecting, analyzing, and investigating cyber threats. It is a centralized function with an organization employing people, processes, and technology to continuously monitor and improve an organization’s security posture while analyzing, detecting, preventing, and responding to cybersecurity incidents. These SOC teams use technology for data collection, endpoint monitoring, and vulnerability detection. There is a high demand for this security in telecommunication, healthcare, consumer electronics, automotive, and smartphones, which is driving the growth of the SOC security market.
However, the risk factors of the market include supply chain risks, the complexity of IT environments, limited infrastructure, high initial investment, cyber-attacks, and staffing shortages that can limit the growth of the market. The future scope of the market includes increasing awareness activities about cyber security risks, investment in infrastructure development, increasing investment in research and development, and reducing costs that will help the growth of the SOC security market.
For any questions about this dataset or to discuss customization options, please write to us at sales@statifacts.com
| Stats ID: | 7599 |
| Format: | Databook |
| Published: | January 2025 |
| Delivery: | Immediate |
| Stats ID: | 7599 |
| Format: | Databook |
| Published: | January 2025 |
| Delivery: | Immediate |
Unlock unlimited access to all exclusive market research reports, empowering your business.
Get industry insights at the most affordable plan
Stay ahead of the competition with comprehensive, actionable intelligence at your fingertips!
Learn More
Download
Actionable Solutions
