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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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Supply Chain Security Market – Global Forecast to 2030

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™

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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.

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Witsbb Launches Age-Specific ‘Grow Pro Talplax Drink’ to Revolutionize Children’s Height Growth Nutrition

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SYDNEY, March 14, 2025 /PRNewswire/ — As “height anxiety” continues to spread among parenting circles, the field of children’s growth nutrition is reaching a critical turning point. On March 11, Australian infant and child nutrition brand Witsbb launched its heavily anticipated new product, Grow Pro Talplax Drink, on TMALL Heybox. They also officially announced that a women’s volleyball champion has become the “Witsbb Height Growth Ambassador”. With the core proposition of “scientific height growth over superstition, age-specific nutrition is key”, the product aims to help children establish a scientific growth system from ages 3 to 21.

Children’s height growth is a systemic project, involving multiple dimensions such as bone development, muscle growth, and endocrine regulation,” notes Dr. Bradley, Chief Scientific Officer of Witsbb. “There are significant differences in the types, ratios, and absorption efficiencies of nutrients required at different age stages. Simply applying traditional ‘one-size-fits-all’ and ‘one-age-fits-all’ solutions may be counterproductive.

Based on this scientific understanding, the Witsbb research and development team is dedicated to providing scientifically-backed bone development solutions for children aged 3 to 21. Grow Pro Talplax Drink focuses on three core critical age stages for height growth: the golden period from 3 to 8 years old, the intensive growth phase from 8 to 14 years old, and the final growth spurt from 14 to 21 years old.

At the same time, grounded in the principles of children’s bone development, Grow Pro Talplax Drink innovatively introduces the concept of a ‘growth plate accelerator.’ The product formulations include a comprehensive blend of nutrients designed to support growth plates, such as lysine, Chondroitin Peptide, and more. This approach aims to facilitate rapid height growth during these three critical stages.

Just as the Chinese women’s volleyball team wins matches through phased tactical training, Witsbb’s ‘Grow Pro Talplax Drink’ aims to support children’s scientific growth with precise nutritional formulas. On the volleyball court, each player plays an indispensable role, and every ingredient in Witsbb’s ‘Grow Pro Talplax Drink’ is meticulously selected. This not only reflects the brand’s persistent pursuit of depth in scientific research but also highlights the inevitable trend of the entire industry transitioning towards evidence-based medicine and precision nutrition.

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CoreWeave partners with Bulk Infrastructure for one of the largest NVIDIA AI deployments in Europe

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OSLO, Norway, March 14, 2025 /PRNewswire/ — CoreWeave, the AI Hyperscaler™, and Bulk Infrastructure (Bulk), a leading provider of sustainable digital infrastructure, have announced a partnership to establish one of the largest NVIDIA AI deployments in Europe at the N01 Datacenter Campus, Vennesla, Norway.

As part of this partnership, CoreWeave will use Bulk’s N01 Datacenter Campus to deploy a large-scale NVIDIA GB200 NVL72 cluster, interconnected with ultra-fast NVIDIA Quantum-2 InfiniBand networking. This deployment aims to significantly enhance compute capacity in Norway and is expected to be operational by Summer 2025.

In 2024, CoreWeave announced an initial investment of $2.2 billion across Europe, building new data centers delivering the latest AI infrastructure to continental Europe powered by 100 percent renewable energy.

“I am pleased to hear about the collaboration between CoreWeave and Bulk Infrastructure in the establishing of CoreWeave’s new AI-data center in Norway, said Norwegian minister of digitalisation and public governance, Karianne Tung. “The goal of the Norwegian government is to establish a national infrastructure for AI towards 2030. Norway being selected as one of the host countries for CoreWeave’s expanded AI-infrastructure in Europe, shows we are attractive internationally as a location for high quality data center-services. As minister of digitalisation, I am confident that the Bulk-CoreWeave partnership will add value to the further development of AI in Norway.”

“We’re excited to partner with Bulk to further expand our regional footprint and capacity in Europe to support the growing need for AI and high-performance computing across the region,” said Mike Mattacola, Chief Business Officer, CoreWeave. “Bulk’s commitment to sustainability, future-proof infrastructure and ability to scale supporting our expansion plans make them an ideal partner in Norway.”

“Working with a globally renowned AI-company like CoreWeave marks a significant milestone for Bulk. Securing an AI deployment of this size demonstrates our capability to meet the needs of our major customers,” said Jon Gravråk, CEO, Bulk Infrastructure. “Our N01 Datacenter Campus is uniquely equipped to meet the stringent demands of AI workloads, and this collaboration aligns perfectly with our mission to provide sustainable and scalable digital infrastructure solutions.”

“We need partners like Bulk building the latest large scale liquid ready AI data centers and CoreWeave building and deploying leading AI infrastructure to satisfy the needs of our customers across Europe,” said Jaap Zuiderveld, Vice President EMEA at NVIDIA. “The deployment of this large-scale NVIDIA GB200 cluster by CoreWeave and Bulk represents a significant step in scaling advanced AI compute capacity across Europe in one of the region’s most sustainable locations.”

Located in Southern Norway’s Agder region, just outside Kristiansand, the N01 Datacenter Campus lies on a 300-hectare (3km²) site located next to one of the largest transformer stations in Europe, with direct and redundant connections to multiple hydropower stations supplying 100% renewable energy. Bulk has secured 400 MW at the site with potential up to 1GW.

About CoreWeave

CoreWeave, the AI Hyperscaler™, delivers a cloud platform of cutting-edge software powering the next wave of AI. The company’s technology provides enterprises and leading AI labs with highly performant and efficient infrastructure for accelerated computing. Since 2017, CoreWeave has operated a growing footprint of data centers covering major regions in the US and across Europe. CoreWeave was ranked as one of the TIME100 most influential companies of 2024. Learn more at www.coreweave.com.

About Bulk Infrastructure

Bulk is a leading Nordic industrial developer, owner, and operator within digital infrastructure. We are driven by our vision – racing to bring sustainable infrastructure to a global audience. Based in Oslo, Norway, and across the Nordics we support customers in transitioning their workloads from traditional fossil fuel-powered sites to low-carbon, renewable facilities.

Bulk offers highly adaptable, interconnected, and scalable data centers supporting AI, HPC, and large cloud service providers IT workloads, backed by essential fiber networking capabilities. We are the only neutral fiber network company providing strategically diversified, sustainable connectivity linking sites across the Nordics with markets in the US, UK, and Western Europe. We are trusted by a broad range of organizations including cloud service providers, Nordic enterprises, system integrators, teams running AI and HPC workloads and cloud providers.

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The nomination committee proposes that Boliden’s board be expanded

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STOCKHOLM, March 14, 2025 /PRNewswire/ — The Nomination Committee of Boliden AB (publ) proposes that Victoire de Margerie is elected as new Board Member at the Annual General Meeting (“AGM”) on April 23, 2025. Further, the Nomination Committee proposes re-election of all current Board Members.

Ahead of the AGM on April 23, 2025, the Nomination Committee proposes re-election of all current Board members (Karl-Henrik Sundström, Helene Biström, Tomas Eliasson, Per Lindberg, Perttu Louhiluoto, Elisabeth Nilsson, Pia Rudengren and Derek White) and new election of Victoire de Margerie.

Born in 1963, Victoire de Margerie has solid experience from the metals and polymers industry, strategy, research, operations and business development. She is currently Executive Chairman of Rondol Industrie, a Board Director and Chair of the Technology Committee at Verkor and she holds board positions at Ivanhoe Electric and Mines ParisTech. She is also a member of the National Academy of Technologies of France. Previously, Victoire de Margerie served on the boards of several multinational companies, including Eurazeo, Arkema, Babcock International, Norsk Hydro and Outokumpu. She has also held senior executive roles at Pechiney, CarnaudMetalBox and Elf Atochem. She is the co-founder and Co-Chair of World Materials Forum. Victoire de Margerie holds a PhD in Management Science from Université de Paris 2 Panthéon-Assas, a Master’s degree from HEC Paris and additional qualifications from Sciences Po Paris and Stanford Graduate School of Business.

Karl-Henrik Sundström is proposed to be re-elected as Chairman of the Board. The Nomination Committee’s further proposals and motivated statement will be presented in connection with the notice to the AGM.

Boliden’s Nomination Committee in respect of the 2025 AGM comprises of Lennart Francke (Swedbank Robur Fonder) Chairman of the Nomination Committee, Karin Eliasson (Handelsbanken Fonder) and Patrik Jönsson (SEB fonder), with Karl-Henrik Sundström, Chairman of the Board of Directors, as co-opted member.

For further information, please contact:
Lennart Francke
Chairman of the Nomination Committee
lennart.francke@gmail.com

Klas Nilsson
Director Group Communications
+46 70 453 65 88
Klas.nilsson@boliden.com

This information was brought to you by Cision http://news.cision.com.

https://news.cision.com/boliden/r/the-nomination-committee-proposes-that-boliden-s-board-be-expanded,c4118531

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