Managed SIEM Services Market

Managed SIEM Services Market Size & Share - Future Growth Expectations

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.

The Managed SIEM Services Market is Set for Significant Expansion, Driven by Key Trends and Innovations

  • Increasing Cybersecurity Threats
  • Complex Regulatory Compliance Requirements
  • Rapid Adoption of Cloud and Hybrid Infrastructures
  • Advances in AI and Automation
  • Shortage of Skilled Security Personnel
  • Cost-Effective Security Solutions

To know about the assumptions considered for the study download the pdf brochure

Increasing Cybersecurity Threats:

  • A rise in cyberattacks, data breaches, and sophisticated threats like ransomware drives demand for robust Managed SIEM services.

Complex Regulatory Compliance Requirements:

  • Compliance with regulations such as GDPR, CCPA, and HIPAA necessitates continuous monitoring and reporting, which Managed SIEM services effectively deliver.

Rapid Adoption of Cloud and Hybrid Infrastructures:

  • As organizations embrace cloud-based and hybrid environments, the need for Managed SIEM services to secure these complex setups increases.

Advances in AI and Automation:

  • Integration of AI and machine learning into SIEM enhances threat detection and response, contributing to the appeal of Managed SIEM services.

Shortage of Skilled Security Personnel:

  • The cybersecurity talent gap leads organizations to turn to Managed SIEM services to compensate for the lack of skilled security professionals.

Cost-Effective Security Solutions:

  • Managed SIEM services offer scalable and flexible pricing models, appealing to organizations seeking efficient and cost-effective security solutions.

These factors collectively drive the growth of the Managed SIEM Services market, emphasizing the need for advanced security solutions in response to evolving cybersecurity threats and compliance challenges.

Managed SIEM Services Market Share - Global Industry Landscape

The Managed SIEM Services Market is characterized by the presence of several key players competing for market share. Some of the leading companies in the Managed SIEM Services industry include:

  • AT&T (US)
  • Advantio (Spain)
  • BT (UK)
  • CyberCX (Australia)
  • Capgemini (France)
  • Integrity360 (Ireland)

These companies are key players in the Managed SIEM (Security Information and Event Management) Services market, each offering a range of services and products. Here's an overview of their market share and key offerings:

AT&T (US):

Market Share: AT&T is a major player in the US cybersecurity market with a significant share due to its extensive network infrastructure.

Key Offering: Offers comprehensive cybersecurity services, including Managed SIEM, threat detection, security analytics, and endpoint security.

Advantio (Spain):

Market Share: Advantio has a strong presence in Europe, focusing on the Spanish market.

Key Offering: Specializes in cybersecurity consulting and compliance, with a focus on Managed SIEM, PCI DSS, and other regulatory frameworks.

BT (UK):

Market Share: BT is a significant UK-based player with a considerable share in the European market.

Key Offering: Provides Managed SIEM services, network security, threat intelligence, and compliance support.

CyberCX (Australia):

Market Share: CyberCX is a leading cybersecurity company in Australia, gaining prominence across the Asia-Pacific region.

Key Offering: Offers Managed SIEM, incident response, threat intelligence, and cybersecurity consulting services.

Capgemini (France):

Market Share: Capgemini is a global consulting firm with a strong presence in the European market.

Key Offering: Provides Managed SIEM services, IT consulting, cybersecurity solutions, and cloud integration.

Integrity360 (Ireland):

Market Share: Integrity360 has a notable presence in Ireland and the UK.

Key Offering: Specializes in Managed SIEM, security operations, threat detection, and cybersecurity consulting.

Each of these companies plays a crucial role in the Managed SIEM Services market, contributing to its growth and development through their unique offerings and market presence.

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

Managed SIEM Services Market Size,  Share & Growth Report
Report Code
TC 8898
RI Published ON
Choose License Type

This FREE sample includes market data points, ranging from trend analyses to market estimates & forecasts. See for yourself.

  • Call Us
  • +1-888-600-6441 (Corporate office hours)
  • +1-888-600-6441 (US/Can toll free)
  • +44-800-368-9399 (UK office hours)
©2024 MarketsandMarkets Research Private Ltd. All rights reserved Protection Status