Global Security Information and Event Management Market Overview:
Security Information and Event Management (SIEM) provides real-time event monitoring and analysis, as well as security data tracking and logging for compliance and auditing purposes. The increased level of complexity in cybercrime, as well as growing compliance and regulatory demands, will drive the expansion of the SIEM industry in the future years.
Growth Drivers
- Rising Necessity for Continuous Monitoring and Incident Response
- Increased Attention to Comprehensive Governance Rules and Compliance with the Regulatory Environment
Roadblocks
- High Cost of Security Information and Event Management Service
Opportunities
- Rise in Concerns Over IT Security
- Rapid Advancement in Security Technologies and End-User Application
Challenges
- Unavailability of Skilled Personnel in the Field
Competitive Landscape:
Global Security Information and Event Management is a fragmented market due to the presence of various players. The players are focusing on investing more in Launching New Products. These will enhance their market presence. The companies are also planning strategic activities like partnerships, mergers, and acquisitions which will help them to sustain in the market and maintain their competitive edge.
Some of the key players profiled in the report are Hewlett Packard Enterprise (United States), IBM Corporation (United States), McAfee LLC (United States), TrendMIcro Inc (Japan), Assuria Ltd (United Kingdom), Dell EMC (United States), Logrhythm Inc (United States), LogPoint A/S (Denmark) and AlienVault Inc (United States). Analyst at AMA Research see United States Players to retain maximum share of Global Security Information and Event Management market by 2026. Considering Market by Service, the sub-segment i.e. Professional will boost the Security Information and Event Management market.
Latest Market Insights:
On September 16, 2019, McAfee announced an extended relationship with Oracle to deliver security incident and events management (SIEM) performance capabilities in the cloud. With this collaboration, the McAfee Enterprise Security Manager (McAfee ESM) technology running on Oracle Cloud Infrastructure will increase the rate of data ingestion of events per second by more than 16 times.
On September 14, 2021 – Securonix, Inc. announced that it has been recognized for providing the highest overall value of all vendors evaluated in the 2021 GigaOm Radar for Security Information and Event Management (SIEM) Solutions.
What Can be Explored with the Security Information and Event Management Market Study
Gain Market Understanding
Identify Growth Opportunities
Analyze and Measure the Global Security Information and Event Management Market by Identifying Investment across various Industry Verticals
Understand the Trends that will drive Future Changes in Security Information and Event Management
Understand the Competitive Scenario
- Track Right Markets
- Identify the Right Verticals
Research Methodology:
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Security Information and Event Management market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Security Information and Event Management market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Venture Capitalists and Private Equity Firms, New Entrants/Investors, Analysts and Strategic Business Planners, Security Information and Event Management Service Provider, Government Regulatory and Research Organizations, End-Use Industries and Others.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.