Security Operation Center Market 2022: Growth Factors, Types and Applications, Industry Analysis and Forecasts

Global Security Operation Center Market is anticipated to grow at a higher CAGR in the forthcoming period. A security operation center (SOC) is a facility with an information security team primarily accountable to monitor and analyse an organization’s security on a frequent basis. Primary objectives include detect, analyse and respond to cybersecurity events by grouping the technology solutions with a firm set of operational processes. Security operations comprise engineers and security analysts coupled with managers who behold security operations.

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SOC works closely with incident response teams to address security issues and quick recovery of data. Moreover, an SOC monitors and analyses every activity on servers, networks, databases, endpoints, websites, applications and other systems that indicates a security incident. Overall, an SOC accounts for potential security instances that identified, analysed, defended, investigated and rectified.

Driving factors responsible for the growth of Security Operation Center Market includes demand for network security, cryptanalysis and malware reverse engineering to investigate network incidence. Additionally, demand for a network strategy implementing protective measures also adds to the market growth of Security Operation Center Industry. However, cost constraints and technological complexity slightly affects the market growth.

Product segmentation for Security Operation Center Market includes outsourced, in-house and hybrid. Segmentation based on end-use/application for Security Operation Center Market includes control, monitoring and operational.

Geographically, Security Operation Center Market spans North America, Latin America, Europe, Asia-Pacific, Middle-East and Africa. North America and European regions dominate the global market scenario due to rise in network applications and inception of innovative technologies for communication adds to the market growth. APAC and MEA regions are also expected to gain a leverage owing to factors such as data integrity and rising number of database applications.

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The key players in the security operation center include Bizsecure, Akamai, Bulletproof, RUAG, Capitalone, Capgemini SE, Cisco Systems Inc, SecureWorks, Raytheon Company, Symantec Corporation, Treo, Digital Guardian, F5 Networks, Fortinet, and Alien Vault.