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LAMEA SOC as a Service market to hit $1.7B by 2029 with 10.9% CAGR driven by rising cyber threats and cloud adoption.

Market News
09 Oct 2026
Globe News Wire
View Source
Bullish
LAMEA SOC as a Service market to hit $1.7B by 2029 with 10.9% CAGR driven by rising cyber threats and cloud adoption.

The LAMEA SOC as a Service market is projected to grow at a 10.9% CAGR from 2026 to 2033, reaching $1.7 billion by 2029. Growth is fueled by increasing cyber risks, cloud adoption, digital banking expansion, and the need for continuous threat detection and incident response. Fully managed services dominate, especially among SMEs and public agencies, while large enterprises prefer co-managed solutions. Key sectors include banking, telecom, healthcare, and government, with Brazil leading the regional market. AI-enabled security and government cyber resilience programs are key growth drivers.

The LAMEA SOC as a Service market's growth projections provide context for today's Technology sector performance on Pluang. As of Oct 09, 2026 14:41 WIB, out of 150 priced US tech stocks, 119 rose while 26 fell. Notably, Veritone Inc (VERI) gained 4.07% with a typical hold time of 12 days but saw 93% sell orders, contrasting with Check Point Software Technologies Ltd (CHKP) which rose 3.60% and had a longer hold time of 17 days. Corsair Gaming Inc (CRSR) declined 3.75% with a 25-day hold time and exclusively sell orders.

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