Global SOC as a Service Market: The increasing financing of venture capital and the increasing investment in SOC as a service technology to fuel market growth.

The SOC as a service sector is expected to rise from USD 471 million in 2020 to USD 1,656 million by 2027, at a compound annual growth rate (CAGR) of 28.6 per cent over the forecast period. SOC-as-a-service is a subscription or software-based service which manages and monitors the internal IT team data, machines, servers, networks and properties. The software provides companies the knowledge and resources they need to tackle cybersecurity threats. Not every company can continue to hire in-house technology experts. For the normal IT department of a small or growing company, managing a knowledge database is a large enough task in and of itself. For SOC-as-a-service, organisations do not need to hire in-house cybersecurity experts to resolve today's complex cybersecurity threats, when a third party provides the function centrally. Increasing venture capital funding as well as growing investment in SOC as a business technology to boost consumer expansion.

SOC-as-a-service positions trained safety engineers in charge of tracking customer company network operation. SOC engineers provide critical technology alerts with specialised expertise and preparation, as well as frequent assessments evaluating the latest state of network operation. With SOC-as-a-service, businesses have more peace of mind understanding that their operating networks with sophisticated encryption are in the safest of hands.

OC as a service offers the cybersecurity capabilities needed to combat sophisticated cyber-attacks. Initially it provides excellent risk control flexibility and reporting capabilities. As a service provider, SOC consists of an active team of IT specialists who are responsible for tracking and evaluating, and the company's compliance policy 24/7.