AP News Recognizes CyberSecOp Compound Annual Growth Rate
The global SOC as a Service market size is expected to grow from an estimated value of USD 6.1 billion in 2022 to USD 10.1 billion by 2027, at a Compound Annual Growth Rate (CAGR) of 10.5% from 2022 to 2027.
Some of the factors that are driving the market growth include an exponential rise in security breaches and sophistication of cyberattacks, cumbersome administration after threat detection, and a surge in trends such as BYOD, CYOD, and WFH. However, the scarcity of skilled cybersecurity professionals among enterprises is expected to hinder the market growth. Read more
