Security Information and Event Management (SIEM) Market Overview
The Security Information and Event Management (SIEM) market is experiencing significant growth globally. SIEM solutions are being adopted by companies across various industries to enhance their breach detection and monitoring capabilities, improve security and compliance reporting, and mitigate cyber threats.
Market Size and Growth
The Information Security and Event Management Market is growing at a CAGR of 7.90% for the period 2022 to 2030 with USD value of 6.77 Billion.
Factors Driving the SIEM Market
Several factors are driving the growth of the SIEM market:
- Regulatory Compliance: Regulatory compliances regarding IT security, such as the Federal Energy Regulatory Commission (FERC), Health Insurance Portability & Accountability Act (HIPAA), Payment Card Industry Data Security Standards (PCI DSS), and Sarbanes-Oxley Act (SOX), are driving the adoption of SIEM solutions.
- Cybersecurity Concerns: The rise in cyber-attacks and the increasing concerns about external and internal threats to data security are driving the demand for SIEM solutions.
- Advanced Threat Detection and Response: The evolving threat landscape, characterized by sophisticated cyber-attacks and data breaches, necessitates advanced tools for threat detection and response. SIEM solutions offer organizations the ability to identify anomalies, detect unauthorized access, and respond to security incidents proactively.
- Compliance and Regulatory Mandates: The growing compliance and regulatory mandates in the cybersecurity space are contributing to the growth of the SIEM market.
Get Free Sample PDF File:
https://www.marketresearchfuture.com/sample_request/7256
Market Segmentation
The SIEM market is segmented based on various factors:
- Component: The market is segmented into solutions and services
- Enterprise Size: The market is segmented into large enterprises and small and medium-sized enterprises (SMEs)
- Deployment Model: The market is segmented into on-premise and cloud-based solutions
- Industry Vertical: The market serves various industry verticals, including banking, financial services, and insurance (BFSI), government, IT, and others.
Key Players in the SIEM Market
Dell EMC (US), Hewlett Packard Enterprise Company (US), IBM Corporation (US), Logrhythm Inc (US), McAfee LLC (US), Solarwinds Inc (US), Splunk Inc (US), Symantec Corporation (US), TrendMicro Inc (Japan), Trustwave Holdings Inc (US), Assuria Ltd (UK), and TIBCO Software Inc (US).
Access Complete Report:
https://www.marketresearchfuture.com/reports/security-information-and-event-management-market-7256
About Market Research Future:
At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.
MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.
Also, we are launching "Wantstats" the premier statistics portal for market data in comprehensive charts and stats format, providing forecasts, regional and segment analysis. Stay informed and make data-driven decisions with Wantstats.
Contact:
Market Research Future (Part of Wantstats Research and Media Private Limited)
99 Hudson Street, 5Th Floor
New York, NY 10013
United States of America
+1 628 258 0071 (US)
+44 2035 002 764 (UK)
Email: sales@marketresearchfuture.com
Website: https://www.marketresearchfuture.com
