0
U.S. (TOLL FREE)
+1 (315) 215-3225
Automative

0
U.S. (TOLL FREE)
+1 (315) 215-3225
Security Information and Event Management Market Size, Share, Statistics & Trends Analysis Report By Type, By Application, By Region, and Segment Forecasts, 2021-2027
Published Date: July 2021
|
Report Code: QYRE-Auto-10M1895
Home | Market Reports | Computers & Electronics | Computer Security
Global Security Information and Event Management Market Size Status and Forecast 2020 2026

Security Information and Event Management Market Size, Share, Statistics & Trends Analysis Report By Type, By Application, By Region, and Segment Forecasts, 2021-2027

Code: QYRE-Auto-10M1895
Report
July 2021
133 Pages
QYResearch
Region: Global,
Description
Table of Content
Tables & Figures

Security Information and Event Management Market Statistics 2027

The global Security Information and Event Management market size is projected to reach US$ 6436.2 million by 2027, from US$ 3938.3 million in 2020, at a CAGR of 6.8% during 2021-2027. The need for continuous monitoring and incident response, adherence to regulatory standards, obtaining and maintaining certifications, and managing and storing logs are all major aspects driving Security Information and Event Management market demand.

Security Information and Event Management Market

Furthermore, the Security Information and Event Management market is predicted to grow as people become more concerned about IT security. SIEM offers low-cost threat, log, and event management in a centralized system, making it easier to manage many security systems while retaining high productivity. Increased attention to complete IT governance standards and compliance with the regulatory environment is driving the SIEM market globally.

Factors Driving the Growth of Security Information and Event Management Market

The Security Information and Event Management market is likely to be driven by increasing demand for security solutions that assist enterprises in recognizing potential security risks and vulnerabilities. As remote workforces, SaaS apps, and BYOD (Bring Your Own Device) policies have risen in popularity, organizations require the amount of visibility required to control network threats from outside the traditional network perimeter. SIEM systems track all network activity across all users, devices, and apps, enabling better visibility throughout the entire infrastructure and threat detection no matter where digital assets and services are used.

SIEM systems are also capable of doing digital forensic investigations in the event of a security breach. SIEM solutions allow firms to centrally collect and analyze log data from all of their digital assets. This allows them to recreate past events or assess new ones in order to investigate suspicious behavior and improve security measures.

SIEM Market

During the projection period, the SIEM market is projected to be driven by increased focus to complete IT governance rules and compliance with the regulatory framework. For enterprises that must comply with a multitude of requirements, SIEM solutions are a popular choice. Because it enables automatic data collection and analysis, SIEM is a useful tool for obtaining and verifying compliance data throughout the entire company infrastructure. SIEM solutions may generate real-time compliance reports for PCI-DSS, GDPR, HIPPA, SOX, and other regulations, making security management easier and discovering problems sooner.

Analysis of Security Information and Event Management Market Share

Based on application, raising worries about the security of e-commerce data and in-store financial and personal information about customers, the retail SIEM market is expected to grow the fastest; BFSI is also one of the top SIEM users, followed by the IT & telecom vertical.

North America is expected to be the most profitable region during the projection period. Several firms across industries in North America are looking to use SIEM solutions to improve their breach detection and monitoring capabilities. SIEM technology is rapidly being adopted by businesses that are focusing on security and compliance reporting requirements. Larger firms that take a cautious approach to technology adoption are also employing SIEM solutions.

Security Information and Event Management Market by Type

  • Log and Event Management
  • Firewall Security Management
  • Patch Management
  • Others

Security Information and Event Management Market by Application

  • Banking, Financial Services and Insurance (BFSI)
  • Government
  • Healthcare
  • Telecom and Information Technology (IT)
  • Energy and Utility
  • Retail and Hospitality
  • Education and Academia
  • Others

Major Players in the Security Information and Event Management Market

  • IBM
  • Hewlett Packard
  • McAfee
  • LogRhythm
  • Splunk
  • AlienVault
  • BlackStratus
  • EventTracker
  • Dell Technologies
  • Fortinet
  • Micro Focus
  • SolarWinds
  • Symantec
  • Tenable Network Security
  • TIBCO Software
  • Trustwave
  • ZOHO Corp

Scope of the Security Information and Event Management Market Report

Report Metric

Details

Report Name

Security Information and Event Management Market

The market size in 2020

USD 3938.3 Million

The revenue forecast in 2027

USD 6436.2 Million

Growth Rate

CAGR of 6.8% from 2021 to 2027

Market size available for years

2021-2027

Forecast units

Value (USD)

Segments covered

Type, End-User, Offerings, and Region

Report coverage

Revenue & volume forecast, company share, competitive landscape, growth factors, and trends

Geographic regions covered

North America, Europe, Asia Pacific, Latin America, Middle East & Africa

Frequently Asked Questions About This Report

1. How big is the Security Information and Event Management Market?

Ans. The global Security Information and Event Management market size is projected to reach US$ 6436.2 million by 2027, from US$ 3938.3 million in 2020, at a CAGR of 6.8% during 2021-2027.

2. Which is the most influencing segment growing in the global security information and event management market?

Ans. Based on application, raising worries about the security of e-commerce data and in-store financial and personal information about customers, the retail SIEM market is expected to grow the fastest

3. What are the market drivers in the global security information and event management market?

Ans. The Security Information and Event Management market is likely to be driven by increasing demand for security solutions that assist enterprises in recognizing potential security risks and vulnerabilities

4. Which region dominated in the global security information and event management market share?

Ans. North America is expected to be the most profitable region during the projection period.

5. What would be the forecast period in the security information and event management market report?

Ans. The forecast period for the security information and event management market is 2021 to 2027.

6. Who are the top companies hold the market share in the security information and event management market?

Ans. The top companies operating in the security information and event management market include IBM, Hewlett Packard, McAfee, LogRhythm, Splunk, AlienVault, BlackStratus, EventTracker, Dell Technologies, Fortinet, Micro Focus, SolarWinds, Symantec, Tenable Network Security, TIBCO Software, Trustwave, ZOHO Corp

Table of Content

 

List of Tables & Figure

SELECT A FORMAT
Added to Cart

Electronic (PDF)
$3900
This license allows only one user(purchaser of the report) to access the PDF.

Electronic (PDF)
$5850
This license allows 1 - 5 user to access the PDF, license is suitable for small groups of 5 users working together

Electronic (PDF)
$7800
This license allows users/teams in a same Enterprise to use this report, various departments within an enterpise can use this report
Add to Cart
Buy Now (10% Discount)
OUR CUSTOMER
Nano String

RELATED REPORTS

Global and China Security Intelligence and Analytics Solutions Market Size Status and Forecast 2021 2027
Global and China Security Intelligence and Analytics Solutions Market Size, Status and Forecast 2021-2027

120 Pages
Type: Report
Code: QYRE-Auto-25S7040
Tue Nov 02 00:00:00 UTC 2021

Add to Cart

Encryption Software Market
Global Encryption Software Market Size, Status and Forecast 2021-2027

120 Pages
Type: Report
Code: QYRE-Othe-4K440
Tue Oct 05 23:28:31 UTC 2021

Add to Cart

China Artificial Intelligence AI in Cyber Security Market Report Forecast 2021 2027
China Artificial Intelligence (AI) in Cyber Security Market Report & Forecast 2021-2027

120 Pages
Type: Report
Code: QYRE-Auto-3Z2775
Sat Oct 02 00:00:00 UTC 2021

Add to Cart

China Application Security Software Market Report Forecast 2021 2027
China Application Security Software Market Report & Forecast 2021-2027

120 Pages
Type: Report
Code: QYRE-Auto-4O2552
Sat Oct 02 00:00:00 UTC 2021

Add to Cart