According to a research report "Security Information and Event Management Market by Component, Application, Deployment Mode, Organization Size, Vertical (Information, Finance and Insurance, Healthcare and Social Assistance, Utilities), and Region - Global Forecast to 2025", published by MarketsandMarkets, the global Security Information and Event Management (SIEM) market size is expected to grow from USD 4.2 billion in 2020 to USD 5.5 billion by 2025, at a CAGR of 5.5% during the forecast period. The need for continuous monitoring and incident response, adhering to compliance requirements, gaining and maintaining certifications, and managing and retaining logs are the primary factors to drive the demand for the SIEM market during the forecast period.
Browse 137 market data Tables and 35 Figures spread through 185 Pages and in-depth TOC on "Security Information and Event Management Market by Component, Application, Deployment Mode, Organization Size, Vertical (Information, Finance and Insurance, Healthcare and Social Assistance, Utilities), and Region - Global Forecast to 2025"
View detailed Table of Content here - https://www.marketsandmarkets.com/Market-Reports/security-information-event-management-market-183343191.html
By component, the solution segment to hold a larger market size in 2020
The SIEM solution collects and examines log and event data that is generated by host systems, security devices, and applications throughout organizations’ infrastructure, and collates it on a centralized platform. It helps organizations investigate their event logs, thereby maintaining privacy and security across their network infrastructure. The solution further assists organizations in preventing data losses and automatically controlling or encrypting sensitive data across networks. The alerts generated from the SIEM solution are crucial for organizations’ ecosystem. These alerts can be set as either low or high priority using a set of pre-defined rules.
By application, the log management and reporting segment to grow at the highest CAGR during the forecast period
The significance of log management is due to the several key features of log management tools offered by the key market players. Some of the features of log management tools are monitoring the critical activities of employees, identifying remedy issues, selecting event log retrieval technologies, the monitoring of logs virtually, aggregating logs in a central location, performing security checks with SIEM and searches across logs, working with multiple formats, and reading the logs.
Asia Pacific security information and event management market to grow at highest CAGR during the forecast period
Asia Pacific (APAC) comprises mixed economies, such as Australia, India, and Japan, with a developed network infrastructure. Large enterprises and Small and Medium-sized Enterprises (SMEs) in APAC countries are admitting the significance of data usage and security. APAC houses several established SMEs, which are growing at an exponential rate to cater to their broad customer base. Machine learning (ML), Internet of Things (IoT), big data analytics, and Artificial Intelligence (AI) are the emerging methodologies that are being deployed in this region. Organizations are transforming their businesses to cloud to increase their productivity and business performance.
The major vendors covered in the SIEM market include SolarWinds (US), IBM (US), Micro Focus (UK), Rapid7 (US), RSA (US), McAfee (US), Splunk (US), ManageEngine (US), LogRhythm (US), Sumo Logic (US), Exabeam (US), Securonix (US), Alert Logic (US), Graylog (US), BlackStratus (US), AlienVault (US), Fortinet (US), LogPoint (Europe), Gurucul (US), and Cygilant (US).
MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.
Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.
MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.
Mr. Sanjay Gupta
630 Dundee Road
Northbrook, IL 60062
USA : 1-888-600-6441