The threat detection service provides the ability to detect fraudulent activities across enterprise networks rapidly and respond to cyber incidents quickly and effectively. Vulnerability assessment services help organizations respond by identifying, classifying, and addressing security risks and providing the ongoing support and guidance to best mitigate them. A major trend influencing the SOCaaS market is the complexity of the advanced technologies, such as IoT infrastructure and operating systems. These services assist organizations in protecting systems from exploitation and data losses. Both SMEs and large enterprises are increasingly relying on SOCaaS providers to better respond to cybersecurity incidents.īy service type, vulnerability assessment & threat detection to account for a higher market share during the forecast periodīased on service types, the SOCaaS market is segmented into two categories such as vulnerability assessment & threat detection and incident response. The services segment has witnessed tremendous growth in the recent years.

Services include the support offered by security vendors to assist their customers in using and maintaining SOCaaS efficiently. Consulting & training services and integration and on-demand analyst & incident response services are considered in the SOCaaS professional services segment. Security threats are rapidly increasing and damaging the critical assets of organizations. These components assist organizations in improving their security capabilities for

Professional services segment to grow at a higher CAGR during the forecast periodīased on components, the SOCaaS market is segmented into solutions and professional services. However, scarcity of skilled cybersecurity professionals among enterprises is expected to hinder the market growth. Some of the factors that are driving the market growth includes exponential rise in security breaches and sophistication of cyberattacks, cumbersome administration after threat detection and surge in trends such as BYOD, CYOD, and WFH.

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