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The global managed SIEM services market is estimated to be worth USD 7.5 billion in 2023 and is projected to reach USD 16.0 billion by 2028, at a CAGR of 16.3% during the forecast period. The managed SIEM services market is driven by the escalating sophistication and diversity of cyber threats and the increasing complexity of IT environments within organizations.

Major Managed SIEM Services Companies Include:

• Unisys (US)
• Verizon (US)
• ManageEngine (US)
• CyberCX (Australia)
• NTT (Japan)

As businesses grapple with a constantly evolving threat landscape, they recognize the need for advanced security measures to safeguard their sensitive data and digital assets. Managed SIEM services offer a strategic solution by providing expert monitoring, threat detection, and incident response capabilities. Organizations are drawn to these services as they allow for real-time analysis of security events, proactive identification of potential threats, and access to the latest threat intelligence. The shortage of skilled cybersecurity professionals and the desire to streamline security operations further fuel the adoption of managed SIEM services, enabling businesses to efficiently manage security risks while focusing on their core operations.

The major players in the managed SIEM services market are AT&T (US), Advantio (Spain), BlueVoyant (US), BT (UK), CyberCX (Australia), Capgemini (France), GoSecure (US), Cyderes (US), IBM (US), Integrity360 (Ireland), Redscan (UK), NCC Group (UK), NTT (Japan), Optiv (US), Proficio (US), ReliaQuest (US), SharkStriker (US), Stratejm (Canada), Talion (UK), TCS (India), Trustwave (US), Unisys (US), Verizon (US), Vodafone (UK), Wipro (India), Rapid7 (US), ManageEngine (US), Sumo Logic (US). The market participants have employed diverse tactics, including the creation of cutting-edge products, collaborations, agreements, growth, and procurements, to fortify their standing in the managed SIEM services industry. By offering application performance and security, the organic and inorganic methods have assisted the market players in their global expansion.

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UNISYS

Unisys managed SIEM services are propelled by several market drivers that address contemporary cybersecurity challenges. The increasing frequency and sophistication of cyber threats are compelling organizations to seek robust solutions for monitoring and responding to security incidents. As a managed SIEM service provider, Unisys leverages its expertise to help businesses navigate this complex landscape by offering advanced threat detection, real-time analysis of security events, and streamlined incident response capabilities. The market demand is also fueled by the need for organizations to achieve regulatory compliance and the recognition that outsourcing SIEM services to seasoned professionals allows them to augment their security posture efficiently. Unisys' approach caters to businesses seeking a comprehensive and tailored solution, further contributing to the growth of the managed SIEM services market.

VERIZON

Verizon's managed SIEM services are driven by a combination of factors that address the evolving cybersecurity landscape and organizations' growing need for robust security solutions. The relentless surge in cyber threats necessitates advanced monitoring and threat detection capabilities and Verizon positions itself as a strategic partner in this context. Leveraging its expertise, Verizon offers comprehensive managed SIEM services that provide real-time analysis of security events, proactive threat identification, and efficient incident response. Organizations' requirements for regulatory compliance also influence the market, and Verizon's managed SIEM services cater to these needs by delivering robust security measures and expert-driven solutions. With a focus on tailoring services to meet specific client needs, Verizon plays a significant role in driving the growth of the managed SIEM services market by offering businesses a reliable and comprehensive approach to cybersecurity.

MANAGEENGINE

ManageEngine's managed SIEM services are fueled by a range of market drivers addressing the dynamic cybersecurity landscape and the evolving needs of organizations. As a provider, ManageEngine understands the imperative for advanced security solutions to counteract cyber threats' increasing complexity and frequency. Their managed SIEM services encompass expert monitoring, real-time analysis of security events, and proactive threat detection, aligning with the demand for comprehensive security measures. ManageEngine's approach resonates with organizations seeking to navigate regulatory compliance effectively, providing tailored solutions to meet industry standards. By offering a user-friendly and customizable platform, ManageEngine contributes to the growth of the managed SIEM services market by providing organizations with a flexible and efficient means to enhance their cybersecurity posture and respond effectively to emerging threats.

CyberCX (Australia)

CyberCX is a leading cybersecurity services provider based in Australia, offering a comprehensive range of cybersecurity solutions to enterprises, government agencies, and other organizations. Established with a focus on helping clients navigate the complex landscape of cybersecurity, CyberCX is known for its extensive expertise in various security domains and a customer-centric approach.

NTT (Japan)

NTT, or Nippon Telegraph and Telephone Corporation, is a major telecommunications company based in Japan. Founded in 1952, NTT is one of the largest telecom operators in the world, with a diverse portfolio that extends across telecommunications, IT infrastructure, data centers, and technology solutions.

Related Reports:

Managed SIEM Services Market by Application (Log Management and Reporting, Threat Intelligence, Security Analytics), Type (Fully Managed, Co-Managed), Deployment Mode, Organization Size, Vertical and Region - Global Forecast to 2028