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Security Information and Event Management (SIEM) Growing Compliance and Regulatory mandates and rising level of Sophisticated of Cybercrimes
Security Information and Event Management (SIEM) is a combination of Security Information Management (SIM) and Security Event Management (SEM). SIEM identifies trends and visualizes patterns in logging information and security alerts from a company’s data systems. SIEM checks and monitors data flow and identifies anomalies and irregular patterns in real-time as well as over longer time periods.
Many organizations are incapable of defending themselves against targeted attacks and security breaches. SIEM provides better threat intelligence, behavior profiling and better analytics which in turn help in detecting breaches early and take necessary actions.
Present day SIEM vendors provide periodic incident response and active monitoring by consolidating, correlating, assessing and prioritizing security events.
SIEM technology is a very critical part of an organization's security strategy, because it creates a consolidation point for various forms of security monitoring and can be utilized to spot a targeted attack in its early phases to reduce damage.
The driving factors for the SIEM market are the ever-growing compliance and regulatory mandates and the rising level of sophistication of cybercrimes. North America is expected to have the largest market share in the overall SIEM market followed by Europe and APAC in 2014. The same trend is expected in 2019 as well.
However, there are a few restraints in the SIEM market such as deployment cost and scalability. The global SIEM market is expected to grow from $2.57billion in 2014 to $4.54 billion in 2019 at a CAGR of 12.0%.
Security Information and Event Management Market by Solutions (Log and Event Management, Firewall Security Management, Patch Management, Others) - Market Forecasts and Analysis (2014-2019)
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