Uploaded on Apr 28, 2023
SOC as a Service Market
SOC as a Service Market
SOC as a
Service Market
: Future
of Healthcare in
an Aging World
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SOC stands for the security operations center. It is software that acts as a team within the
organization, authorized for detection, prevention, investigation, and response to cyber threats.
A SOC monitors the organization's network and addresses the potential threats to computing
systems, sensitive data, and other digital resources of the organization.
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With the increasing threat of cyberattacks, SOC becomes crucial for an organization to sustain
its operations and remain profitable while maintaining compliance with standard regulations.
An in-house SOC can be extremely expensive and time-consuming for acquiring a high level of
security. Therefore, numerous organizations prefer to outsource security services, including
SOC-as-a-Service.
SOC-as-a-Service
There are various factors that affect the organization's ability to operate an in-house SOC. The
shortage of cybersecurity talent makes it difficult to attract and retain skilled personnel. In
addition, effective cybersecurity requires investment in a wide range of security solutions
developed for addressing and mitigating various potential threats.
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SOC-as-a-Service enables organizations to outsource a third party and assign them the security securities.
The SOC-as-a-Service provides round-the-clock monitoring of the network and defense needed for protection
against advanced cyber threats.
Advantages of SOC-as-a-Service
The SOC-as-a-service enables an organization to hand off the security responsibility to a team of security
specialists.
Improved Security Staffing: The shortage of cybersecurity skills results in numerous organizations struggling
for attracting and retaining skilled security personnel. A SOC provider helps the organization to supplement
and fill the voids in its existing security team.
Specialized Security Expertise: Organizations may occasionally or periodically require the help of specialized
security experts, including malware analysts, incident responders, and cloud security architects. Such skill
sets are difficult to acquire through in-house SOC. A SOC-as-a-service enables access to skilled cybersecurity
specialists when required.
Lesser Cost of Ownership: The deployment, maintenance, and operations of a whole in-house SOC can be
expensive. An effectively managed SOC enables organizations to share the equipment cost, payroll, and
licenses with the other customers of the providers. It also lessens the operational and capital expenditures
required for strong cybersecurity.
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Increased Security Maturity: Developing solutions and institutional knowledge for a matured cybersecurity
program is a time-consuming process. Collaborating with SOC-as-a-service provider helps in simplifying the
process by providing access to the organization of the existing solution stack of the provider and security
experts.
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Up-to-Date Security: It is difficult to keep up to date with the advanced SOC tools and capabilities with the
limited security budget and IT support of the organization. A managed SOC provider scales up to keep the
toolset up-to-date and provides cutting-edge security advantages to its customers.
Therefore, the inexpensive cybersecurity with round-the-clock network monitoring, along with access to
cybersecurity experts fuels the demand for SOC-as-a-service.
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