The article cited AMA's Global SOC as a Service Market Study explored substantial growth with CAGR of 25.1%. According the report, Shifting To Co-Managed Operations in Partnership with MSSPs and Other Third-Party Vendors to Overcome a Global Shortage of Cybersecurity Talent
is one of the primary growth factors for the market. Cumbersome Administration after Threat Detection
is also expected to contribute significantly to the SOC as a Service market. Overall, Network Security
applications of SOC as a Service, and the growing awareness of them, is what makes this segment of the industry important to its overall growth.
AMAs Analyst on the Global SOC as a Service market identified that the demand is rising in many different parts of the world as "Increase in the Adoption of Cloud-Based Solutions across Small Medium Enterprises
" Furthermore, some recent industry insights like "On 27 Feb. 2018, Proficio and CyberSight have announced a strategic partnership. The advanced combination of Proficio’s 24x7 managed cybersecurity services and CyberSight’s RansomStopper will provide clients with enhanced endpoint detection and response services that will specifically detect and prevent ransomware attacks in real-time. and On 13 Feb 2018, Cygilant, a pioneer in hybrid Security as a Service, has launched SOCVue Vulnerability and Patch Management (VPM), a new subscription service that unifies vulnerability and patch management into a single offering." is constantly making the industry dynamic.
The report provides an in-depth analysis and forecast about the industry covering the following key features: o Industry outlook including current and future market trends, drivers, restraints, and emerging technologies o Analyses the Global SOC as a Service market according to Type, Application, and regions o Analyzes the top 10 players in terms of market reach, business strategy, and business focus o Provides stakeholders insights and key drivers & trends of the market
Market Size Estimation In market engineering method, both top-down and bottom-up approaches have been used, along with various data triangulation process, to predict and validate the market size of the SOC as a Service market and other related sub-markets covered in the study.
o Key & emerging players in the SOC as a Service market have been observed through secondary research. o The industrys supply chain and overall market size, in terms of value, have been derived through primary and secondary research processes. o All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources.
Data Triangulation The overall SOC as a Service market size is calculated using market estimation process, the SOC as a Service market was further split into various segments and sub-segments. To complete the overall market engineering and arriving at the exact statistics for all segments and sub-segments, the market breakdown and data triangulation procedures have been utilized, wherever applicable. The data have been triangulated by studying various influencing factors and trends identified from both demand and supply sides of various applications involved in the study. Along with this, the Global SOC as a Service market size has been validated using both top-down and bottom-up approaches.