Security Operation Center Market Overview:
In this rapidly changing world of technology, security operation center market is projected to show major growth prospects during the forecast period. Need for regulatory requirements and stringent compliance are major factors driving the growth of security operation center market. Emerging trends like connected devices, IoT and BYOD are exposing the data to the outside world and this is contributing to the growth of security operation center market.
As compared to other regions, the Security Operation Center Market in North America is expected to witness significant growth. North America is expected to dominate the security operation center market during the forecast period. U.S and Canada are anticipated to drive the growth of security operation center market.
This is owing to the presence of large number of security vendors in that region. In addition to this, the region also has a well-established infrastructure and allows high penetration of devices, while the increasing adoption of advanced technologies is another reason for the growth of security operation center market.
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Players to impact the global security operations center market the most are SecureWorks Inc. (US), Symantec Corporation (US), Capgemini SE (France), Cisco Systems Inc. (US), Digital Guardian (US), F5 Networks Inc. (US), Raytheon Company (US), Treo (Turkey), Fortinet, Inc. (US), and AT&T (US).
In November 2018, Capgemini launched their security operation center in their Advanced Technology and Development Centre in Columbia, South Carolina. The aim is to strengthen their setup and provide their client with potential for transformation, business differentiation, innovation, and operational efficiency across their organizations. At the same time, Capgemini will protect data, assets, identities and maintain customer trust.
In October 2018, IBM launched their and industry’s first mobile security operation center that is capable of carrying equipment and unit to train and respond to security threats.
For a comprehensive rating of the security operation center market, the report can be segmented by technology, function, service and model.
• Based on the function, the security operation center market can be segmented into control, monitoring and operational. Security operation center monitors has better prospect as it can analyze and activity on networks, servers, endpoints, databases, applications, websites, and other systems.
• Based on the technology, the security operation center market can be segmented into security information management and security event management.
• Based on the service, the security operation center market includes security device management, vulnerability assessment, fault management, reporting, security alert, configuration management, security assessment, proactive analysis & systems management, and others.
• Model-wise, the security operation center market includes in-house SOC, outsourced SOC, and hybrid SOC.
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The regional analysis of security operation center market can be based on the regions namely Asia Pacific (APAC), North America, Europe and Rest-of-the-World (RoW).
North America is accounted for the maximum share of the market and it be attributed to its ability to implement technologies of the highest grade into systems across verticals. This is possible owing to the capability of the populace in spending significant amount. The region is also blessed with superior technological infrastructure.
Europe, on the other hand, is generating substantial revenue to hold on to their second position. Organizations across the continent are showing tendency to integrate security operations center into the system to protect them from cybercrimes. The APAC is anticipating the fastest growth as emerging economies are seeking help from this sector to maximize their potential.
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