BANGALORE from India, September 6, 2021 / PRNewswire / – The Security Information and Event Management (SIEM) Market is segmented by type (Log and event management, Firewall security management, Patch management, Others), by application (BFSI, government, healthcare, telecommunications and information technology (IT), energy and utilities, retail and hospitality, education and universities, others). The report covers the analysis of global opportunities and industry forecast from 2021 to 2027. It is published in Evaluate reports under IT security Category.
The global security information and event management market size is expected to reach $ 6,436.2 million by 2027, from 3938.3 million USD in 2020, at a CAGR of 6.8% over the forecast period 2021-2027.
The major growth drivers of the Security Information and Event Management Market are:
Important factors driving demand in the market are the need for continuous monitoring and incident response, meeting regulatory requirements, obtaining and maintaining certifications, and managing and maintaining logs. .
Rising concerns about IT security are expected to boost the security information and event management market. SIEM provides threat, log and event management at low cost and in a consolidated system, making it easier to manage many security solutions while maintaining high productivity.
Globally, the SIEM market is further driven by increased attention to comprehensive IT governance rules and compliance with the regulatory environment.
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TRENDS AFFECTING THE GROWTH OF THE SECURITY INFORMATION AND EVENT MANAGEMENT MARKET
The growing need for security solutions that help organizations recognize potential security threats and vulnerabilities is expected to drive the security information and event management market. Organizations need the level of visibility required to manage network dangers outside the traditional network perimeter as remote workforce, SaaS applications, and Bring Your Own Device (BYOD) policies have become increasingly popular. SIEM systems monitor all network activity across all users, devices, and applications, enabling better visibility across infrastructure and threat detection, regardless of where assets and services are located. digital are accessible.
In addition, when a security issue arises, SIEM systems are suitable for carrying out digital forensic investigations. SIEM systems allow businesses to collect and analyze log data for all of their digital assets in a central location. This allows them to replicate previous events or assess new ones to investigate suspicious activity and improve security systems.
Increased attention to comprehensive IT governance policies and compliance with the regulatory framework is expected to boost the SIEM market during the forecast period. SIEM solutions are a popular choice for businesses that need to comply with various regulations. SIEM is a powerful tool for collecting and verifying compliance data across the entire enterprise infrastructure, as it enables automated data collection and analysis. SIEM solutions can create real-time compliance reports for PCI-DSS, GDPR, HIPPA, SOX, and other compliance requirements, making it easier to manage security and detect any breaches early.
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SECURITY INFORMATION AND ANALYSIS OF THE EVENT MANAGEMENT PARTS:
On the basis of applications, the retail SIEM market is expected to grow the fastest, owing to the growing concerns about the security of e-commerce data and in-store financial and personal information about customers; BFSI is also one of the main users of SIEM, followed by the IT and telecommunications vertical.
Depending on the region, North America is expected to be the most lucrative during the forecast period. Several companies across verticals in North America seek to improve their breach detection and monitoring capabilities by deploying SIEM solutions. Organizations that focus on security and compliance reporting requirements are rapidly adopting SIEM technology. Large organizations that take a conservative approach to technology adoption are also deploying SIEM solutions.
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Major players in the information management and security events (SIEM) industry
- IBM
- Hewlett packard
- Mcafee
- LogRhythm
- Splunk
- AlienVault
- BlackStratus
- Eventtracker
- Dell Technologies
- Fortinet
- Micro focus
- Solar winds
- Symantec
- Tenable Network Security
- TIBCO software
- Wave of confidence
- ZOHO Corp
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SIMILAR REPORTS
– The Global fraud detection and prevention market the size should reach $ 45,800 million by 2027, from $ 16,390 million in 2020, at a CAGR of 15.3% in 2021-2027.
– The Global Network Security Firewalls Market the size should reach $ 5,513.2 million by 2027, from $ 3,263.1 million in 2020, at a CAGR of 7.3% in 2021-2027.
– The Global Managed Services Market the size should reach $ 248,750 million by 2026, from $ 133,440 million in 2019, at a CAGR of 9.2% over the period 2021-2026.
– The Global big data security market the height was evaluated at $ 13,720 million in 2019 and should reach $ 54,237 million by 2027, registering a CAGR of 18.8% from 2020 to 2027
– The Global Security Systems Integrator Market the size should reach $ 13,600 million by 2027, from $ 8,965.8 million in 2020, at a CAGR of 5.7% in 2021-2027.
– The Global Energy security market the size should reach $ 87,320 million by 2027, from $ 60,400 million in 2020, at a CAGR of 5.3% in 2021-2027.
– The Global Data Center Logical Security Market the size should reach $ 3,515.2 million by 2027, from $ 2,617.6 million in 2020, at a CAGR of 4.3% in 2021-2027.
– The Global SOC Marketplace as a Service the size should reach $ 772.9 million by 2027, from $ 296.3 million in 2020, at a CAGR of 14.2% in 2021-2027.
– The Global Security assurance market the size should reach $ 6,079 million by 2027, from $ 4,052.2 million in 2020, at a CAGR of 5.9% in 2021-2027.
– The Global Electronic security market the size should reach $ 259 million by 2027, from $ 150.3 million in 2020, at a CAGR of 7.6% in 2021-2027.
– The Global Cyber Security as a Service Market the size should reach $ 60,480 million by 2027, from $ 36,320 million in 2020, at a CAGR of 7.1% in 2021-2027.
– The Global Security software in the telecommunications market the size should reach $ 5,501.7 million by 2027, from $ 3,380.4 million in 2020, at a CAGR of 6.7% during 2021-2027.
– The Global Payment Processing Solutions Market the size should reach $ 52,060 million by 2026, from $ 33,810 million in 2019, at a CAGR of 5.9% over the forecast period 2021-2026.
To view the complete list of related safety reports
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