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Security Operation Center Market 2019: Company Profiles, Business Trends, Industry Segments, Landscape and Demand by Forecast to 2023

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Security Operation Center Market 2019: Company Profiles, Business Trends, Industry Segments, Landscape and Demand by Forecast to 2023

August 30
00:27 2019
Security Operation Center Market 2019: Company Profiles, Business Trends, Industry Segments, Landscape and Demand by Forecast to 2023

Security Operation Center Market
Global Security Operation Center Market, By Technology (Security Information Management, Security Event Management), By Function (Control, Monitoring, Operational), By Service and By Model (In-House, Outsourced, Hybrid) – Forecast 2023

Security Operations Center Market Overview:

The security operation center market has been segmented on the basis of technology, function, service and model. The function segment is further bifurcated into control, monitoring and operational. Security operation center monitors and analyzes activity on networks, servers, endpoints, databases, applications, websites, and other systems, looking for anomalous activity that could be indicative of a security incident or compromise.

Security Operation Center Market is a centralized unit that deals with security issues of an organization on a technical level. Security is gaining importance in the corporate structure. A security operation center can help to secure and enable the business about attackers. It enables information security functions to respond faster, work more collaboratively, and share knowledge more effectively.

The security operation center is responsible for ensuring that potential security incidents are correctly identified, analyzed, defended, investigated, and reported. Major forces driving the growth of security operation center market are increasing need for data security and increasing cyber-attacks and cybercrimes.

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Major Key Players:

Some of the major players in Global Security Operations Center Market include Capgemini SE (France), Cisco Systems Inc. (US), SecureWorks Inc. (US), Symantec Corporation (US), Raytheon Company (US), Treo (Turkey), Digital Guardian (US), F5 Networks Inc. (US), Fortinet, Inc. (US), and AT&T (US) among others are profiled in MRFR Analysis and are at the forefront of competition in the Global Security Operations Center Market.

Industry News:

April 2018, AlienVault, a provider of unified security management acquired by AT&T, unveiled its OTX Endpoint Threat Hunter service which scans threat in the organizations environment. It provides on-demand visibility of endpoint devices and critical security insights that diminish business risks. This allows organization to work efficiently without data breach concerns.

January 2018, SecureWorks Inc., a cyber security company formed an alliance with Carahsoft, an IT solution provider to deliver and protect critical data with the assistance of managed cyber security solutions focusing on the public sector. This alliance enables the protection of crucial government and citizen data by adapting security policies and digital transformation of an organizations core services. 

Security Operations Center Market Segmentation:

The security operation center market has been segmented on the basis of technology, function, service and model.

The service segment is further bifurcated into reporting, vulnerability assessment, security assessment, security alert and proactive analysis and systems management. Proactive analysis is aimed at improving the level of organizational security.

Security Operations Center Market Regional Analysis:

Geographically, the security operations center market is grouped into four regions namely North America, Europe, Asia-Pacific, and the rest of the world.

Increased cloud adoption in enterprises for core business functions leads to cyber-attacks and cybercrime which is expected to be a factor encouraging the growth of the security operations center market in North America. Owing to this, the region is expected to dominate the market with the largest market share during the assessment period. The US, Canada, and Mexico are leading countries in North America, owing to the adoption of security operation centers in organizations to ensure data security. Cisco Systems Inc., SecureWorks Inc., Symantec Corporation, Raytheon Company, and AT&T in the US are enhancing advanced data security architecture and are considered to be prominent players globally. Asia Pacific is expected to be the fastest growing region in the security operations center market, due to rising need for data security in large enterprises.

China, Japan, and India are leading countries in the region, due to the vast customer base leading to rising security concerns in these countries. Europe is expected to show a high growth rate during the assessment period owing to the increasing investments of tech leaders such as Microsoft, Intel, IBM, and others in the European IT market.

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Intended Audience:

  • Technology investors
  • Integrated device manufacturers (IDMs)
  • Original equipment manufacturers (OEMs)
  • Research/Consultancy firms
  • Government agencies
  • Network solution providers
  • Managed Security Service Providers

About Market Research Future:

At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.

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