Security Information and Event Management Market Research Report
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Security Information
and Event Management Market’s
leading Manufacturers:
·
SolarWinds Worldwide, LLC
·
IBM Corporation
·
Micro Focus International Plc
·
Rapid7 LLC
·
RSA Security LLC
·
McAfee, LLC
·
Splunk Inc
·
Zoho Corporation
·
LogRhythm, Inc
·
Alert Logic, Inc.
Security Information
and Event Management Market
Dynamics (including market size, share, trends, growth, forecast, and industry
analysis)
Key Drivers
The stringent
security compliances and government regulations, the strong adoption of
cloud-based services among SMEs, and increasing cyber threats are the key
drivers contributing to the growth of the global security information and event management
market size. In the digital landscape era, business
value and information are migrating into the digital source and connected
technology platforms. This is growing the risk of cyber-attacks, including
phishing, denial-of-service, and malware. Currently, companies depend on data
that they collect, such as account details and customer information. Such
examples could break the trust of customers, and customers might terminate the
services of the business. Thus, businesses are highly adopting for SIEM
solution as they safeguard companies against ongoing cyberattacks and monitor
difficulties related to log data. SIEM also offers end-to-end visibility over
data gathered from a range of cybersecurity assets, such as IoT devices,
computer applications, firewalls, and antivirus software. The SIEM solution
allows IT professionals to manage complex and widespread digital environments
by collecting this information and consolidating it in the virtualized
dashboard. Such advanced specifications of SIEM technology is further fuelling
the growth of the security information and event management market share in
terms of revenue. However, the factor negatively impacting the market growth
include the deployment of SIEM solution incurs higher cost.
Component Segment Drivers
Based on component,
the market is segmented into solutions and services. The solution is expected
to increase at a faster CAGR in the coming years due to various features of the
technology, such as data collection and real-time log, prioritization and
analytics, real-time notification and alerting, and offers improved security
information model. Additionally, the technology aids IT professionals in
efficiently managing security threats, which will further accelerate the demand
for the market.
Security Information
and Event Management Market
Segmentation:
Segmentation by Component:
·
Solutions
·
Services
Segmentation by Application:
·
Log Management and Reporting
·
Threat Intelligence
·
Security Analytics
·
Others (include application monitoring, behavior
profiling, and database management)
Segmentation by Organization Size:
·
Small and Medium-sized Enterprises (SMEs)
·
Large Enterprises
Segmentation by Deployment Mode:
·
On-premises
·
Cloud
Segmentation by Vertical:
·
Information
·
Finance and Insurance
·
Healthcare and Social Assistance
·
Retail Trade
·
Manufacturing
·
Utilities
·
Others (includes transportation and warehousing;
arts, entertainment and recreation; and educational services)
Segmentation by Region:
·
North America
o United
States of America
o Canada
·
Asia Pacific
o China
o Japan
o India
o Rest
of APAC
·
Europe
o United
Kingdom
o Germany
o France
o Spain
o Rest
of Europe
·
RoW
o Brazil
o South
Africa
o Saudi
Arabia
o UAE
o Rest
of the world (remaining countries of the LAMEA region)
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