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Asia Pacific SOC as a Service Market Size, Share & Industry Trends Analysis Report By Type, By Vertical, By Component, By Offering Type, By Organization Size, By Application, By Country and Growth Forecast, 2022 - 2028

  • PDF Icon

    Report

  • 135 Pages
  • May 2022
  • Region: Asia Pacific
  • Marqual IT Solutions Pvt. Ltd (KBV Research)
  • ID: 5615381
The Asia Pacific SOC as a Service Market is expected to witness market growth of 10.7% CAGR during the forecast period (2022-2028).

SOC is used by the majority of businesses as part of the incident detection and response (IDR) strategy. In-house, co-managed, and fully managed SOC adoption types exist. MSSPs are pitching themselves as SOC-as-a-Service suppliers to fully manage an enterprise's security operations in order to stay up with ever-evolving cyber threats. Threat researchers are employed by these companies to collect the security data required to safeguard the company from cyber threats. In the market, many vendors are creating and growing SOC solutions. With a unified security monitoring system, the company could deliver 24x7 managed security services to enterprises throughout verticals, allowing customers to detect and react to any cyber security issue.

Defenses and knowledge are required for organizations of all sizes to monitor for threats at all hours of the day and night. SOC-as-a-Service enables enterprises to obtain an end-to-end detection and response solution that is tailored to SOC challenges at a reasonable cost. Conventionally managed security service providers (MSSPs) and managed detection and response (MDR) vendors can't compete with SOC-as-a-Service. Legacy MSSPs aren't equipped to provide advanced threat detection and response capabilities through the security operations centers (SOCs). SOCaaS shares some similarities with MDR, but it offers a more complete, adaptable, transparent, and, most significantly, more effective threat detection and response methodology.

This region has witnessed a great economic expansion, political transformations, and social transformation in recent years. China, India, and Japan have all amended or established new national cyber-security rules in response to the increasing sophistication of threats. Such countries have a big number of established SMEs that are rapidly expanding to meet the demands of the large client base. Organizations are migrating to the cloud to boost production speed and business performance. Cloud-based applications are being increasingly used by verticals such as BFSI, government, IT, and telecom to cut costs, which is driving the demand for cloud-based security solutions. Security breaches are becoming more common, government rules are becoming stricter, and basic security or traditional security solutions are becoming more popular.

India, being one of the world's fastest-growing economies, is likely to become a lucrative market for SOC-as-a-service providers. The country is seeing rapid digital transformation and increased connectivity, which is driving up demand for SOC-as-a-Service in the country. Factors like rising need for cyber security solutions against cyber-threats, number of people working remotely, adoption of personal and mobile devices by businesses, and usage of SOC-as-a-service solutions to safeguard IT, communications, and security by small and medium organizations are expected to enhance the market of SOC-as-a-service in the region.

The China market dominated the Asia Pacific SOC as a Service Market by Country in 2021, and is expected to continue to be a dominant market till 2028; thereby, achieving a market value of $906.2 million by 2028. The Japan market is anticipated to grow at a CAGR of 10% during (2022 - 2028). Additionally, The India market is expected to display a CAGR of 11.4% during (2022 - 2028).

Based on Type, the market is segmented into Vulnerability Assessment & Threat Detection and Incident Response. Based on Vertical, the market is segmented into BFSI, IT & ITeS, Manufacturing, Telecommunications, Government & Public Sector, Healthcare & Life Sciences, Transportation & Logistics, Energy & Utilities, and Others. Based on Component, the market is segmented into Professional Services and Solution. Based on Offering Type, the market is segmented into Co-managed and Fully Managed. Based on Organization Size, the market is segmented into Large Enterprises and Small & Medium Enterprises. Based on Application, the market is segmented into Endpoint Security, Network Security, Cloud Security, and Others. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.

The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include AT&T, Inc., IBM Corporation, NTT Data Corporation, Verizon Communications, Inc., Cloudflare, Inc., Fortinet, Inc., Check Point Software Technologies Ltd., Atos Group, Tata Consultancy Services Ltd., and Profico.

Scope of the Study


Market Segments Covered in the Report:


By Type

  • Vulnerability Assessment & Threat Detection
  • Incident Response

By Vertical

  • BFSI
  • IT & ITeS
  • Manufacturing
  • Telecommunications
  • Government & Public Sector
  • Healthcare & Life Sciences
  • Transportation & Logistics
  • Energy & Utilities
  • Others

By Component

  • Professional Services
  • Solution

By Offering Type

  • Co-managed
  • Fully Managed

By Organization Size

  • Large Enterprises
  • Small & Medium Enterprises

By Application

  • Endpoint Security
  • Network Security
  • Cloud Security
  • Others

By Country

  • China
  • Japan
  • India
  • South Korea
  • Singapore
  • Malaysia
  • Rest of Asia Pacific

Key Market Players


List of Companies Profiled in the Report:

  • AT&T, Inc.
  • IBM Corporation
  • NTT Data Corporation
  • Verizon Communications, Inc.
  • Cloudflare, Inc.
  • Fortinet, Inc.
  • Check Point Software Technologies Ltd.
  • Atos Group
  • Tata Consultancy Services Ltd.
  • Profico

Unique Offerings from KBV Research

  • Exhaustive coverage
  • The highest number of market tables and figures
  • Subscription-based model available
  • Guaranteed best price
  • Assured post sales research support with 10% customization free

Table of Contents

Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 Asia Pacific SOC as a Service Market, by Type
1.4.2 Asia Pacific SOC as a Service Market, by Vertical
1.4.3 Asia Pacific SOC as a Service Market, by Component
1.4.4 Asia Pacific SOC as a Service Market, by Offering Type
1.4.5 Asia Pacific SOC as a Service Market, by Organization Size
1.4.6 Asia Pacific SOC as a Service Market, by Application
1.4.7 Asia Pacific SOC as a Service Market, by Country
1.5 Methodology for the research
Chapter 2. Market Overview
2.1 Introduction
2.1.1 Overview
2.1.1.1 Market Composition and Scenario
2.2 Key Factors Impacting the Market
2.2.1 Market Drivers
2.2.2 Market Restraints
Chapter 3. Competition Analysis - Global
3.1 KBV Cardinal Matrix
3.2 Recent Industry Wide Strategic Developments
3.2.1 Partnerships, Collaborations and Agreements
3.2.2 Product Launches and Product Expansions
3.2.3 Acquisition and Mergers
3.2.4 Geographical Expansions
3.3 Market Share Analysis, 2021
3.4 Top Winning Strategies
3.4.1 Key Leading Strategies: Percentage Distribution (2018-2022)
Chapter 4. Asia Pacific SOC as a Service Market by Type
4.1 Asia Pacific Vulnerability Assessment & Threat Detection Market by Country
4.2 Asia Pacific Incident Response Market by Country
Chapter 5. Asia Pacific SOC as a Service Market by Vertical
5.1 Asia Pacific BFSI Market by Country
5.2 Asia Pacific IT & ITeS Market by Country
5.3 Asia Pacific Manufacturing Market by Country
5.4 Asia Pacific Telecommunications Market by Country
5.5 Asia Pacific Government & Public Sector Market by Country
5.6 Asia Pacific Healthcare & Life Sciences Market by Country
5.7 Asia Pacific Transportation & Logistics Market by Country
5.8 Asia Pacific Energy & Utilities Market by Country
5.9 Asia Pacific Other Vertical Market by Country
Chapter 6. Asia Pacific SOC as a Service Market by Component
6.1 Asia Pacific Professional Services Market by Country
6.2 Asia Pacific Solution Market by Country
Chapter 7. Asia Pacific SOC as a Service Market by Offering Type
7.1 Asia Pacific Co-managed Market by Country
7.2 Asia Pacific Fully Managed Market by Country
Chapter 8. Asia Pacific SOC as a Service Market by Organization Size
8.1 Asia Pacific Large Enterprises Market by Country
8.2 Asia Pacific Small & Medium Enterprises Market by Country
Chapter 9. Asia Pacific SOC as a Service Market by Application
9.1 Asia Pacific Endpoint Security Market by Country
9.2 Asia Pacific Network Security Market by Country
9.3 Asia Pacific Cloud Security Market by Country
9.4 Asia Pacific Others Market by Country
Chapter 10. Asia Pacific SOC as a Service Market by Country
10.1 China SOC as a Service Market
10.1.1 China SOC as a Service Market by Type
10.1.2 China SOC as a Service Market by Vertical
10.1.3 China SOC as a Service Market by Component
10.1.4 China SOC as a Service Market by Offering Type
10.1.5 China SOC as a Service Market by Organization Size
10.1.6 China SOC as a Service Market by Application
10.2 Japan SOC as a Service Market
10.2.1 Japan SOC as a Service Market by Type
10.2.2 Japan SOC as a Service Market by Vertical
10.2.3 Japan SOC as a Service Market by Component
10.2.4 Japan SOC as a Service Market by Offering Type
10.2.5 Japan SOC as a Service Market by Organization Size
10.2.6 Japan SOC as a Service Market by Application
10.3 India SOC as a Service Market
10.3.1 India SOC as a Service Market by Type
10.3.2 India SOC as a Service Market by Vertical
10.3.3 India SOC as a Service Market by Component
10.3.4 India SOC as a Service Market by Offering Type
10.3.5 India SOC as a Service Market by Organization Size
10.3.6 India SOC as a Service Market by Application
10.4 South Korea SOC as a Service Market
10.4.1 South Korea SOC as a Service Market by Type
10.4.2 South Korea SOC as a Service Market by Vertical
10.4.3 South Korea SOC as a Service Market by Component
10.4.4 South Korea SOC as a Service Market by Offering Type
10.4.5 South Korea SOC as a Service Market by Organization Size
10.4.6 South Korea SOC as a Service Market by Application
10.5 Singapore SOC as a Service Market
10.5.1 Singapore SOC as a Service Market by Type
10.5.2 Singapore SOC as a Service Market by Vertical
10.5.3 Singapore SOC as a Service Market by Component
10.5.4 Singapore SOC as a Service Market by Offering Type
10.5.5 Singapore SOC as a Service Market by Organization Size
10.5.6 Singapore SOC as a Service Market by Application
10.6 Malaysia SOC as a Service Market
10.6.1 Malaysia SOC as a Service Market by Type
10.6.2 Malaysia SOC as a Service Market by Vertical
10.6.3 Malaysia SOC as a Service Market by Component
10.6.4 Malaysia SOC as a Service Market by Offering Type
10.6.5 Malaysia SOC as a Service Market by Organization Size
10.6.6 Malaysia SOC as a Service Market by Application
10.7 Rest of Asia Pacific SOC as a Service Market
10.7.1 Rest of Asia Pacific SOC as a Service Market by Type
10.7.2 Rest of Asia Pacific SOC as a Service Market by Vertical
10.7.3 Rest of Asia Pacific SOC as a Service Market by Component
10.7.4 Rest of Asia Pacific SOC as a Service Market by Offering Type
10.7.5 Rest of Asia Pacific SOC as a Service Market by Organization Size
10.7.6 Rest of Asia Pacific SOC as a Service Market by Application
Chapter 11. Company Profiles
11.1 AT&T, Inc.
11.1.1 Company Overview
11.1.2 Financial Analysis
11.1.3 Segmental and Regional Analysis
11.1.4 Research & Development Expense
11.1.5 Recent strategies and developments:
11.1.5.1 Acquisition and Mergers:
11.2 IBM Corporation
11.2.1 Company Overview
11.2.2 Financial Analysis
11.2.3 Regional & Segmental Analysis
11.2.4 Research & Development Expenses
11.2.5 Recent strategies and developments:
11.2.5.1 Partnerships, Collaborations, and Agreements:
11.2.5.2 Acquisition and Mergers:
11.2.5.3 Geographical Expansions:
11.3 NTT Data Corporation
11.3.1 Company overview
11.3.2 Financial Analysis
11.3.3 Segmental Analysis
11.3.4 Research & Development Expense
11.3.5 Recent strategies and developments:
11.3.5.1 Partnerships, Collaborations, and Agreements:
11.3.5.2 Acquisition and Mergers:
11.3.5.3 Geographical Expansions:
11.3.6 SWOT Analysis
11.4 Verizon Communications, Inc.
11.4.1 Company Overview
11.4.2 Financial Analysis
11.4.3 Segmental Analysis
11.5 Cloudflare, Inc.
11.5.1 Company Overview
11.5.2 Financial Analysis
11.5.3 Regional Analysis
11.5.4 Research & Development Expense
11.5.5 Recent strategies and developments:
11.5.5.1 Partnerships, Collaborations, and Agreements:
11.5.5.2 Acquisition and Mergers:
11.6 Fortinet, Inc.
11.6.1 Company Overview
11.6.2 Financial Analysis
11.6.3 Regional Analysis
11.6.4 Research & Development Expenses
11.6.5 Recent strategies and developments:
11.6.5.1 Product Launches and Product Expansions:
11.6.5.2 Acquisition and Mergers:
11.7 Check Point Software Technologies Ltd.
11.7.1 Company Overview
11.7.2 Financial Analysis
11.7.3 Regional Analysis
11.7.4 Research & Development Expense
11.7.5 Recent strategies and developments:
11.7.5.1 Product Launches and Product Expansions:
11.8 Atos Group
11.8.1 Company Overview
11.8.2 Financial Analysis
11.8.3 Segmental Analysis
11.8.4 Recent strategies and developments:
11.8.4.1 Partnerships, Collaborations, and Agreements:
11.8.4.2 Geographical Expansions:
11.9 Tata Consultancy Services Ltd.
11.9.1 Company Overview
11.9.2 Financial Analysis
11.9.3 Segmental and Regional Analysis
11.9.4 Research & Development Expenses
11.9.5 Recent strategies and developments:
11.9.5.1 Product Launches and Product Expansions:
11.9.6 SWOT Analysis
11.10. Profico
11.10.1 Company Overview
11.10.2 Recent strategies and developments:
11.10.2.1 Partnerships, Collaborations, and Agreements:
11.10.2.2 Product Launches and Product Expansions:

Companies Mentioned

  • AT&T, Inc.
  • IBM Corporation
  • NTT Data Corporation
  • Verizon Communications, Inc.
  • Cloudflare, Inc.
  • Fortinet, Inc.
  • Check Point Software Technologies Ltd.
  • Atos Group
  • Tata Consultancy Services Ltd.
  • Profico

Methodology

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