East Africa SOC as a Service Market

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East Africa SOC as a Service Market Future of
Healthcare in an Aging World
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In 2022, the East Africa SOC as a service market
reached 67.8 million revenue, which is forecast
to grow to 131.5 million by the end of this
decade, at an 8.3 CAGR, according to PS
Intelligence.This is ascribed to the increasing
need for the efficient management of digital
transactions, rising government support, evolving
IT sector, and growing security concerns across
companies in Uganda, Kenya, Rwanda, Burundi, and
Tanzania.Request for sample pages of this
report https//www.psmarketresearch.com/market-an
alysis/east-africa-soc-as-a-service-market/report-
sample In addition, the rising uptake of
connected devices and expanding retail market are
projected to boost the requirement for
cloud-delivered security operations centers
across East Africa.Increasing Incidence of
Cyberattacks Fueling SOC as a Service Demand?
Cloud computing and the internet facilitate
consumers and organizations in buying and selling
products online. But, this raises the risk of
data breaches and digital frauds.? Globally,
cases of cyberattacks have increased by 50
annually in the last few years. In this regard,
the growing acceptance of remote working models
and the BYOD culture boosts the industry growth.
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SOC as a Service Widely Adopted in Large
Enterprises? Large enterprises would dominate
the market in 2030, with 114.8 million in
revenue. These companies have a huge number of
enterprise applications and databases therefore,
they need advanced solutions for detecting,
preventing, and effectively tackling
cyberattacks.? Furthermore, MNCs with multiple
streams of revenue and large corporate networks
opt for SOC as a service solutions to comply with
the government mandates for customer data
protection.Browse full report
at https//www.psmarketresearch.com/market-analys
is/east-africa-soc-as-a-service-marketHigh
Susceptibility to Cyberattacks Driving Solution
Demand in BFSI Sector? On the basis of end
user, the market is dominated by the BFSI sector,
because it lures cybercriminals due to the very
nature of its business. On an average, on the
first working day, a finance professional in an
MNC can access around 11 million digital
files.? The BFSI sector is the target of 70 of
the cyberattacks. Moreover, more than 30 billion
accounts could experience a breach by 2030.
Financial organizations are at a perpetual risk
of phishing attacks, wherein each data breach
leads to losses of about 6 million.Kenya Is
Largest User of SOC as a Service in East
AfricaThe market in Kenya is projected to
generate 59.1 million revenue in 2030, compared
to 29.4 million in 2022, witnessing an 8.8
CAGR. It is ascribed to the growing adoption of
cloud-based SOCs in the IT and telecom, retail,
BFSI, and healthcare industries and supportive
laws for data protection in the nation, including
the Data Protection Act 2019.
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