Security Operations Centre as a Service (SOCaaS) Market Scope, Global Trends, and Forecast to 2030 –

The global Security Operations Center as a Service (SOCaaS) market size was estimated at USD 6.4 billion in 2023 and is projected to reach USD 13.4 billion in 2030 at a CAGR of 11.2% during the forecast period 2024-2030.

The Security Operation Center (SOC) as a service market is witnessing significant growth, driven by the escalating frequency and sophistication of cyberattacks. Businesses worldwide are increasingly turning to SOC solutions to bolster their cybersecurity defenses, particularly in light of the rising number of data breaches and cyber threats. According to a survey by the UK Government, 40% of micro and small businesses in the UK experienced cyberattacks in 2023, with phishing being the most common, followed by more advanced threats such as malware and ransomware.