Security Information and Event Management Market

Crucial Role of Security information and Event Management (SIEM) for Seamless Running of Businesses in world

Security information and Event Management (SIEM) has become crucial for seamless running of businesses across globe. This is evident from the performance gains, improved compliance, reduced costs, and other benefits derived out of the SIEM deployment, and the technologies undertaken by companies worldwide.

Compliance reporting and security management is a progressively more complex and vital function in any large enterprise today. The dynamic nature of security threats, the increase in number of devices outside IT control, globalization, the emergence of social media and rapidly growing regulations deepen the challenge. The key to this challenge necessitates the need to collect, store and analyze huge amounts of compliance and security data.

Early deployments of SIEM solutions are not able to tackle the challenges brought about by these converging trends, in many cases. However, next-generation SIEM solutions from leading players give enterprises the capability to collect and manage huge amounts of data related to security threats, risk management and compliance, and execute consequential analysis on that data.

Results include earlier and more precise examination of security incidents, efficient compliance reporting, and more clear direction on how to enhance information security actions and systems.

The SIEM market is fast gaining traction which is evident from the acquisitions of LogLogic by TIBCO, nCircle by Tripwire, Sensage by KEYW, Q1 Labs by IBM and SonicWALL by Dell. Key players such as IBM, HP ArcSight and RSA offer SIEM products and solutions for enterprises, and SMBs. There are many small players such as Alert Logic and Sumo Logic that provide SIEM infrastructure as a service for companies or businesses that do not want to deploy their own SIEM technology.

The expectations on SIEM solutions have gradually moved from compliance or threat detection to more strategic areas such as user monitoring, application monitoring and forensic analysis of past security events.

Related Reports:

Security Information and Event Management Market by Solutions (Log and Event Management, Firewall Security Management, Patch Management, Others) - Market Forecasts and Analysis (2014-2019)
https://www.marketsandmarkets.com/Market-Reports/security-information-event-management-market-183343191.html

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Report Code
TC 2240
Published ON
Feb, 2014
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