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SOC 2 Compliance: What It Actually Costs and Why It's Worth It

SOC 2 costs $50-200K initially. It unlocks enterprise deals worth 10-50x that.

By Richard Ewing·

The Cost Breakdown

Initial certification: Readiness assessment ($15-30K), gap remediation ($20-50K), audit ($30-80K), tooling ($10-40K/year). Total: $75-200K.

Annual maintenance: Continuous monitoring ($10-30K), annual audit ($25-60K), policy updates ($5-10K). Total: $40-100K/year.

Revenue impact: SOC 2 removes the #1 enterprise sales objection ("are you SOC 2 compliant?"). Companies report 2-5x increase in enterprise pipeline after certification. One enterprise deal typically exceeds the entire SOC 2 investment.

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Published Work

This article expands on ideas from my published work in CIO.com, Built In, Mind the Product, and HackerNoon. View published articles →

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Richard Ewing

The Product Economist — Quantifying engineering economics for technology leaders, PE firms, and boards.