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SOC-as-a-Service Market worth $14.66 billion by 2030 – Exclusive Report by MarketsandMarkets™

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DELRAY BEACH, Fla., Feb. 3, 2025 /PRNewswire/ — The global SOC-as-a-Service Market will grow to USD 14.66 billion by 2030 from USD 7.37 billion in, at a CAGR of 12.2% during 2024 – 2030, according to a new report by MarketsandMarkets™.

Browse in-depth TOC on “SOC-as-a-Service (SOCaaS) Market”

260 – Tables
250 – Figures
360 – Pages

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Scope Of the Report

Report Metrics

Details

Market size available for years

2018-2030

Base year considered

2023

Forecast period

2024–2030

Forecast units

Value (USD Billion) 

Segments Covered

By Service Type, Offering, Security Type, Organization Size, Sector, Vertical, and Region

Geographies covered

North America, Europe, Asia Pacific, Middle East and Africa, Latin America

Companies covered

Major vendors in the SOCaaS Market include Thales (France), Airbus Cybersecurity (France), NTT (Japan), Lumen Technologies (US), Fortinet (US), Cloudflare (US), Check Point (US), Kaseya (US), Trustwave (US), Arctic Wolf Networks (US), Proficio (US), LRQA (UK), Inspirisys (India), Eventus Security (India), Cyber Security Hive (India), eSentire (Canada), Clearnetwork (US), CyberSecOp (US), Foresite Cybersecurity (US), Stratosphere Networks (US), eSec Forte (India), Cybersafe Solutions (US), 10xDS (India), CISO Global (US), Ace Cloud Hosting (US), plusserver (Germany), SafeAeon (US), SOCWISE (Hungary), inSOC (Enhanced.io) (UK), Wizard Cyber (UK), Eventus Security (India), and Cyber Security Hive (India).

The major drivers of the market growth of the SOCaaS market are the rising complexity and frequency of cyberattacks. For instance, we have observed that industries such as BFSI, healthcare, and government are experiencing growing cybersecurity threats. In addition to this, adoption of AI, IoT, blockchain technology is growing very fast. This advancement in technology enables predictive threat analysis and automated response systems, lowering dependency on human interaction and shortening response time. Furthermore, developments in automation, such as Security Orchestration, Automation, and Response (SOAR), simplify workflows, increase alert prioritizing, and reduce operational complexity. These innovations are pushing organizations toward adopting SOCaaS to safeguard their digital assets effectively.

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Based on the organization size, SMEs are expected to grow at the highest CAGR during the forecast period

Small and Medium-sized Enterprises (SMEs) are likely to register the highest CAGR during the forecast period owing to their increased exposure to cyberattacks and inadequate in-house resources for cybersecurity management. SOCaaS is a cost-effective and scalable solution for SMEs that enables them to access advanced threat detection, monitoring, and incident response services without incurring significant financial costs in creating and maintaining their own SOC. Furthermore, the rise in digital transformation, remote work, and cloud usage among SMEs has boosted their desire for comprehensive security solutions, which is driving SOCaaS growth in this category.

By Security type, Cloud Security will grow at the highest market size during the forecast period.

Cloud security is expected to have a significant market size in the SOCaaS market, owing to the extensive usage of cloud-based infrastructure and services across industries. There has been an increasing reliance on cloud services due to the growing tendency of remote work, hybrid environments, and digital transformation initiatives which makes them prime targets for cyberattacks. Due to this reason, organizations are prioritizing SOCaaS solutions to handle cloud-specific risks, ensure data integrity, and comply with stringent regulatory requirements. Furthermore, cloud security solutions’ scalability, adaptability, and cost-effectiveness make them appealing to enterprises of all sizes, contributing to their market domination.

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By region, North America will grow at the highest market size during the forecast period.

North America is expected to grow at the highest market size in the SOCaaS market during the forecast period because of its advanced technological infrastructure, stringent regulatory framework, and increasing cybersecurity threats. The region houses major economies like the United States and Canada, which are at the forefront of adopting cutting-edge technologies such as IoT, blockchain, and AI for security. This also includes North America, whose strict compliance requirements, CISA regulations, and the NIST Cybersecurity Framework propel organisations to invest heavily in SOCaaS.

The increasing number of cyberattacks, especially ransomware, phishing, and breaches have led industries in healthcare, BFSI, and government to enhance their defenses. Furthermore, government initiatives with vigorous adoption of cloud-based solutions, increasing digitalization, and vendor presence pushes North America in being a leader in this market.

Top Key Companies in SOC-as-a-Service (SOCaaS) Market:

The report profiles key players such as Thales (France), Airbus Cybersecurity (France), NTT (Japan), Lumen Technologies (US), Fortinet (US), Cloudflare (US), Check Point (US), Kaseya (US), Trustwave (US), Arctic Wolf Networks (US), Proficio (US), LRQA (UK), Inspirisys (India), Eventus Security (India), and Cyber Security Hive (India).

Browse Adjacent Markets: Information Security Market Research Reports & Consulting

Related Reports:

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Data Protection as a Service Market– Global Forecast to 2030

Public Safety and Security Market– Global Forecast to 2029

Blockchain Security Market– Global Forecast to 2029

Get access to the latest updates on SOC-as-a-Service Companies and SOC-as-a-Service Industry

About MarketsandMarkets™

MarketsandMarkets™ has been recognized as one of America’s best management consulting firms by Forbes, as per their recent report.

MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients.

Earlier this year, we made a formal transformation into one of America’s best management consulting firms as per a survey conducted by Forbes.

The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines – TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.

Built on the ‘GIVE Growth’ principle, we work with several Forbes Global 2000 B2B companies – helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.

To find out more, visit www.MarketsandMarkets™.com or follow us on Twitter, LinkedIn and Facebook.

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Solestial to be Featured in Google Workspace Big Game Commercial

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Space startup to represent Arizona in Google’s “50 States, 50 Stories” campaign

TEMPE, Ariz., Feb. 6, 2025 /PRNewswire/ — Tempe space startup Solestial, Inc. (“Solestial”), will be featured in a Google Workspace commercial scheduled to air Sunday February 9, on Fox networks in the Arizona market during America’s most-watched football game. The ad, which features Solestial CEO Stan Herasimenka and other employees, showcases the cutting-edge solar technology for space being developed by Solestial and how the company is using Google’s AI tool, Gemini.

The company was handpicked by Google to represent Arizona as part of its “50 States, 50 Stories” campaign, which features 50 small businesses from across the United States. Google’s goal for the 30-second ad was to select a wide array of businesses from different locations and industries and highlight the many ways customers, like Solestial, are using AI.

“We were honored to be selected from among many innovative Arizona technology companies for Google’s campaign. It’s every business’s dream to be featured in a commercial during football’s premier event,” said Solestial CEO, Stan Herasimenka. “We are hopeful that the media attention will increase awareness of our next-generation silicon solar technology within the space industry, federal agencies, and the military. Beyond that, our team is really looking forward to seeing the commercial air on game day. It’s a company milestone none of us will ever forget.”

Solestial’s Google Workspace commercial, and all “50 states, 50 stories” commercials, are available on the Google Workspace website and on YouTube.

About Solestial

Solestial exists to deliver abundant energy in space. The company’s breakthrough technology is a silicon solar cell engineered for space to self-cure radiation damage under sunlight at operating temperatures as low as 65°C. Solestial solar cells are packaged in an ultrathin, low-mass, flexible solar power module designed to withstand up to 10 years in a variety of destinations in space. The flexible solar power modules can be produced on automated machines resulting in lower production costs than traditional III-V multijunction solar products.

From today’s satellite constellations and research projects to tomorrow’s lunar settlements and services in space, Solestial’s innovative technology represents a paradigm shift for space solar; an affordable, scalable solution to power sustained development. Solestial is a US company manufacturing solar cells and flexible solar power modules in Tempe, Arizona. Investors include space industry leaders including AE Ventures and Airbus Ventures. To learn more, visit the Solestial website or follow Solestial on social media.

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SOURCE Solestial, Inc.

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Lumen Technologies to Attend Investor Conferences

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DENVER, Feb. 6, 2025 /PRNewswire/ — Chris Stansbury, executive vice president and chief financial officer at Lumen Technologies (NYSE: LUMN), will attend the following investor conferences:

JP Morgan Global High Yield & Leveraged Finance Conference on February 25.Raymond James Annual Institutional Investors Conference on March 3.Morgan Stanley Technology, Media & Telecom Conference on March 4.Deutsche Bank Annual Media, Internet & Telecom Conference on March 11.New Street BCG Connectivity Conference on March 26.

Live webcast links to each of the investor presentations will be made available on the Lumen Investor Relations website at https://ir.lumen.com/events-and-presentations.

About Lumen Technologies 
Lumen is unleashing the world’s digital potential. We ignite business growth by connecting people, data, and applications – quickly, securely, and effortlessly. As the trusted network for AI, Lumen uses the scale of our network to help companies realize AI’s full potential. From metro connectivity to long-haul data transport to our edge cloud, security, managed service, and digital platform capabilities, we meet our customers’ needs today and as they build for tomorrow.  

For additional news and insights visit news.lumen.com, LinkedIn: /lumentechnologies, Twitter: @lumentechco, Facebook: /lumentechnologies, Instagram: @lumentechnologies and YouTube: /lumentechnologies.  

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SOURCE Lumen Technologies

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ASAP Utilities wins ‘Best Microsoft Excel Add-in’ Award at the Global Excel Summit 2025

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LONDON, Feb. 6, 2025 /PRNewswire/ — ASAP Utilities has won the ‘Best Microsoft Excel Add-in’ award at the Global Excel Summit 2025. The winners were chosen through a comprehensive process that included public nominations, expert evaluations by a panel of leading Excel experts, and final voting by the global Excel community.

The Global Excel Summit, the world’s largest event for Excel users and experts, brings together thousands from around the world to share ideas, improve skills, and learn about the latest trends in Excel.

The Global Excel Awards, organized by the Global Excel Summit, celebrate excellence within the Excel community across five categories. ASAP Utilities won in the ‘Best Microsoft Excel Add-in’ category for its many tools that extend Excel’s capabilities, enhancing productivity and efficiency. Other awards categories include Rising Star in the Excel Industry, Most Innovative Use of Excel, Best LAMBDA, and Best Global Excel Summit 2025 In-Person Session.

“Winning this award is a tremendous honor and a significant compliment from the Excel community. Since 1999, we have been committed to helping Excel users by continuously developing tools that save time and perform tasks that Excel alone cannot,” said Bastien Mensink, the founder of ASAP Utilities.

Helping Excel users worldwide

Nearly a million users rely on ASAP Utilities, an essential tool for Excel users worldwide. It is also one of the few Excel add-ins available in ten languages, making it accessible to users everywhere.

ASAP Utilities is available in two editions, so everyone can benefit from working faster and accomplishing more in Excel. The Home & Student Edition is free for personal use, for students, and for charitable organizations like UNICEF and the Red Cross. The Business Edition is a one-time purchase for companies and government organizations, with a fully functional 90-day free trial to try all the features.

For more information about the Global Excel Awards, visit:  https://globalexcelsummit.com/global-excel-awards

For more information about ASAP Utilities, visit:  https://www.asap-utilities.com

Website:  https://www.asap-utilities.com

Photos which are free to use for editorial purposes can be downloaded via:  https://www.asap-utilities.com/media

Trustpilot reviews:  https://www.trustpilot.com/review/www.asap-utilities.com

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