Security Information and Event Management Market - Global Size, Share, Trend Analysis, Opportunity and Forecast Report, 2019-2030, Segmented By Solution; By Deployment Mode; By Enterprise Size; By Vertical; By Region

Description

Global Security Information and Event Management Market Size More Than Doubles at Robust CAGR of 14.2% to Surpass USD 13.62 Billion by 2030

Global Security Information and Event Management Market is expanding rapidly due to an increasing focus on thwarting cyber threats, complying with regulatory compliance requirements, demand for real-time security intelligence, and technological advancements.

BlueWeave Consulting, a leading strategic consulting and market research firm, in its recent study, estimated the Global Security Information and Event Management Market size by value at USD 5.76 billion in 2023. During the forecast period between 2024 and 2030, BlueWeave expects the Global Security Information and Event Management Market size to expand at a CAGR of 14.20% reaching a value of USD 13.62 billion by 2030. The Global Security Information and Event Management (SIEM) Market is fueled by escalating cyberattacks and data breaches across industries due to the proliferation of digital technologies and interconnected systems. The surge mandates enterprises to adopt proactive measures for threat detection, analysis, and response to safeguard their operations. With prominent players, like IBM Security QRadar, Splunk Inc., and McAfee, offering advanced SIEM solutions, the market witnesses heightened competition and innovation. SIEM technology, through real-time data analysis and event log collection, empowers organizations to identify and mitigate potential risks promptly, ensuring the protection of critical assets amidst evolving cybersecurity challenges.

Opportunity - Expanding cybersecurity landscape

As cyber threats proliferate, the Global Security Information and Event Management (SIEM) Market witnesses robust growth propelled by escalating demand for real-time threat intelligence. Organizations prioritize SIEM solutions to bolster their cyber defense mechanisms, driving market expansion. The surge in sophisticated cyber-attacks coupled with stringent regulatory mandates fuels the adoption of advanced SIEM platforms worldwide. Moreover, the evolution of AI and machine learning technologies within SIEM solutions further enhances threat detection capabilities, amplifying market traction. In essence, the imperative need for proactive threat mitigation strategies accelerates the growth trajectory of the global SIEM market.

Impact of Escalating Geopolitical Tensions on Global Security Information and Event Management Market

Escalating geopolitical tensions significantly impacts the Global Security Information and Event Management (SIEM) Market. Heightened conflicts often lead to increased cyber threats and attacks from state-sponsored actors or non-state entities. For instance, following rising tensions between the two nations, there have been reported instances of cyber espionage targeting critical infrastructure and sensitive data. Therefore, demand for robust SIEM solutions surges as organizations seek to fortify their cyber defenses against potential breaches and data theft. Additionally, geopolitical uncertainties can disrupt supply chains, affecting the availability of SIEM technologies and driving up prices. Consequently, the market witnessed a shift towards advanced threat detection and response capabilities to mitigate the evolving cybersecurity risks amidst geopolitical instability.

Global Security Information and Event Management Market

Segmental Coverage

Global Security Information and Event Management Market - By Solution

Based on solution, Global Security Information and Event Management Market is divided into Software and Services segments. The software segment typically constitutes a larger share of the market. SIEM software encompasses various tools and platforms designed to collect, analyze, and manage security-related data and events across an organization's IT infrastructure. The software solutions often feature advanced functionalities such as threat detection, incident response, and compliance management. The demand for SIEM software is driven by the increasing complexity of cyber threats and the growing emphasis on proactive cybersecurity measures among enterprises worldwide.

Global Security Information and Event Management Market - By Deployment Mode

Based on deployment mode, Global Security Information and Event Management Market is divided into Cloud and On-premises segments. The cloud segment holds a higher share in the Global Security Information and Event Management (SIEM) Market. With the growing trend toward cloud-based solutions, businesses are increasingly adopting cloud-based SIEM solutions due to their scalability, flexibility, and cost-effectiveness. Cloud-based SIEM offerings provide organizations with the ability to efficiently manage and analyze security event data from various sources across their network infrastructure, offering enhanced threat detection and response capabilities. The segment's dominance reflects the industry's shift towards leveraging cloud technologies to address evolving cybersecurity challenges in a more agile and efficient manner.

Competitive Landscape

Global Security Information and Event Management Market is fiercely competitive. Major companies in the market include IBM Security QRadar SIEM, Splunk Enterprise Security, Microsoft Sentinel, AlienVault USM, LogRhythm NextGen SIEM Platform, Datadog Security Monitoring, SolarWinds Security Event Manager, Logpoint, Graylog, ManageEngine EventLog Analyzer, ManageEngine Log360, and Exabeam Fusion. These companies use various strategies, including increasing investments in their R&D activities, mergers, and acquisitions, joint ventures, collaborations, licensing agreements, and new product and service releases to further strengthen their position in the Global Security Information and Event Management Market.

The in-depth analysis of the report provides information about growth potential, upcoming trends, and statistics of Global Security Information and Event Management Market. It also highlights the factors driving forecasts of total Market size. The report promises to provide recent technology trends in Global Security Information and Event Management Market and industry insights to help decision-makers make sound strategic decisions. Further, the report also analyzes the growth drivers, challenges, and competitive dynamics of the market.

Product Code: BWC24250

1. Research Framework

1.1. Research Objective
1.2. Product Overview
1.3. Market Segmentation

2. Executive Summary

3. Global Security Information and Event Management Market Insights

3.1. Industry Value Chain Analysis
3.2. DROC Analysis
- 3.2.1. Growth Drivers
  - 3.2.1.1. Rising cyber threats and data breaches
  - 3.2.1.2. Increasing regulatory compliance requirements
  - 3.2.1.3. Growing adoption of cloud computing
  - 3.2.1.4. Evolving security threats
- 3.2.2. Restraints
  - 3.2.2.1. Limited resources
  - 3.2.2.2. Siloed data and systems
- 3.2.3. Opportunities
  - 3.2.3.1. Demand for real-time threat intelligence
  - 3.2.3.2. Focus on improving security operations
- 3.2.4. Challenges
  - 3.2.4.1. Integration challenges
  - 3.2.4.2. Alert fatigue
3.3. Technological Advancements/Recent Developments
3.4. Regulatory Framework
3.5. Porter's Five Forces Analysis
- 3.5.1. Bargaining Power of Suppliers
- 3.5.2. Bargaining Power of Buyers
- 3.5.3. Threat of New Entrants
- 3.5.4. Threat of Substitutes
- 3.5.5. Intensity of Rivalry

4. Global Security Information and Event Management Market: Marketing Strategies

5. Global Security Information and Event Management Market Overview

5.1. Market Size & Forecast, 2019-2030
- 5.1.1. By Value (USD Billion)
5.2. Market Share & Forecast
- 5.2.1. By Solution
  - 5.2.1.1. Software
  - 5.2.1.2. Services
- 5.2.2. By Deployment Mode
  - 5.2.2.1. Cloud
  - 5.2.2.2. On-premises
- 5.2.3. By Enterprise Size
  - 5.2.3.1. Small and Medium-Sized Enterprises (SMEs)
  - 5.2.3.2. Large enterprises
- 5.2.4. By Vertical
  - 5.2.4.1. BFSI
  - 5.2.4.2. IT & Telecom
  - 5.2.4.3. Retail & E-commerce
  - 5.2.4.4. Healthcare & Life Sciences
  - 5.2.4.5. Others (Manufacturing, Government & Defense, Energy & Utilities)
- 5.2.5. By Region
  - 5.2.5.1. North America
  - 5.2.5.2. Europe
  - 5.2.5.3. Asia Pacific (APAC)
  - 5.2.5.4. Latin America (LATAM)
  - 5.2.5.5. Middle East and Africa (MEA)

6. North America Security Information and Event Management Market

6.1. Market Size & Forecast, 2019-2030
- 6.1.1. By Value (USD Billion)
6.2. Market Share & Forecast
- 6.2.1. By Solution
- 6.2.2. By Deployment Mode
- 6.2.3. By Enterprise Size
- 6.2.4. By Vertical
- 6.2.5. By Country
  - 6.2.5.1. United States
  - 6.2.5.1.1. By Solution
  - 6.2.5.1.2. By Deployment Mode
  - 6.2.5.1.3. By Enterprise Size
  - 6.2.5.1.4. By Vertical
  - 6.2.5.2. Canada
  - 6.2.5.2.1. By Solution
  - 6.2.5.2.2. By Deployment Mode
  - 6.2.5.2.3. By Enterprise Size
  - 6.2.5.2.4. By Vertical

7. Europe Security Information and Event Management Market

7.1. Market Size & Forecast, 2019-2030
- 7.1.1. By Value (USD Billion)
7.2. Market Share & Forecast
- 7.2.1. By Solution
- 7.2.2. By Deployment Mode
- 7.2.3. By Enterprise Size
- 7.2.4. By Vertical
- 7.2.5. By Country
  - 7.2.5.1. Germany
  - 7.2.5.1.1. By Solution
  - 7.2.5.1.2. By Deployment Mode
  - 7.2.5.1.3. By Enterprise Size
  - 7.2.5.1.4. By Vertical
  - 7.2.5.2. United Kingdom
  - 7.2.5.2.1. By Solution
  - 7.2.5.2.2. By Deployment Mode
  - 7.2.5.2.3. By Enterprise Size
  - 7.2.5.2.4. By Vertical
  - 7.2.5.3. Italy
  - 7.2.5.3.1. By Solution
  - 7.2.5.3.2. By Deployment Mode
  - 7.2.5.3.3. By Enterprise Size
  - 7.2.5.3.4. By Vertical
  - 7.2.5.4. France
  - 7.2.5.4.1. By Solution
  - 7.2.5.4.2. By Deployment Mode
  - 7.2.5.4.3. By Enterprise Size
  - 7.2.5.4.4. By Vertical
  - 7.2.5.5. Spain
  - 7.2.5.5.1. By Solution
  - 7.2.5.5.2. By Deployment Mode
  - 7.2.5.5.3. By Enterprise Size
  - 7.2.5.5.4. By Vertical
  - 7.2.5.6. Belgium
  - 7.2.5.6.1. By Solution
  - 7.2.5.6.2. By Deployment Mode
  - 7.2.5.6.3. By Enterprise Size
  - 7.2.5.6.4. By Vertical
  - 7.2.5.7. Russia
  - 7.2.5.7.1. By Solution
  - 7.2.5.7.2. By Deployment Mode
  - 7.2.5.7.3. By Enterprise Size
  - 7.2.5.7.4. By Vertical
  - 7.2.5.8. The Netherlands
  - 7.2.5.8.1. By Solution
  - 7.2.5.8.2. By Deployment Mode
  - 7.2.5.8.3. By Enterprise Size
  - 7.2.5.8.4. By Vertical
  - 7.2.5.9. Rest of Europe
  - 7.2.5.9.1. By Solution
  - 7.2.5.9.2. By Deployment Mode
  - 7.2.5.9.3. By Enterprise Size
  - 7.2.5.9.4. By Vertical

8. Asia Pacific Security Information and Event Management Market

8.1. Market Size & Forecast, 2019-2030
- 8.1.1. By Value (USD Billion)
8.2. Market Share & Forecast
- 8.2.1. By Solution
- 8.2.2. By Deployment Mode
- 8.2.3. By Enterprise Size
- 8.2.4. By Vertical
- 8.2.5. By Country
  - 8.2.5.1. China
  - 8.2.5.1.1. By Solution
  - 8.2.5.1.2. By Deployment Mode
  - 8.2.5.1.3. By Enterprise Size
  - 8.2.5.1.4. By Vertical
  - 8.2.5.2. India
  - 8.2.5.2.1. By Solution
  - 8.2.5.2.2. By Deployment Mode
  - 8.2.5.2.3. By Enterprise Size
  - 8.2.5.2.4. By Vertical
  - 8.2.5.3. Japan
  - 8.2.5.3.1. By Solution
  - 8.2.5.3.2. By Deployment Mode
  - 8.2.5.3.3. By Enterprise Size
  - 8.2.5.3.4. By Vertical
  - 8.2.5.4. South Korea
  - 8.2.5.4.1. By Solution
  - 8.2.5.4.2. By Deployment Mode
  - 8.2.5.4.3. By Enterprise Size
  - 8.2.5.4.4. By Vertical
  - 8.2.5.5. Australia & New Zealand
  - 8.2.5.5.1. By Solution
  - 8.2.5.5.2. By Deployment Mode
  - 8.2.5.5.3. By Enterprise Size
  - 8.2.5.5.4. By Vertical
  - 8.2.5.6. Indonesia
  - 8.2.5.6.1. By Solution
  - 8.2.5.6.2. By Deployment Mode
  - 8.2.5.6.3. By Enterprise Size
  - 8.2.5.6.4. By Vertical
  - 8.2.5.7. Malaysia
  - 8.2.5.7.1. By Solution
  - 8.2.5.7.2. By Deployment Mode
  - 8.2.5.7.3. By Enterprise Size
  - 8.2.5.7.4. By Vertical
  - 8.2.5.8. Singapore
  - 8.2.5.8.1. By Solution
  - 8.2.5.8.2. By Deployment Mode
  - 8.2.5.8.3. By Enterprise Size
  - 8.2.5.8.4. By Vertical
  - 8.2.5.9. Vietnam
  - 8.2.5.9.1. By Solution
  - 8.2.5.9.2. By Deployment Mode
  - 8.2.5.9.3. By Enterprise Size
  - 8.2.5.9.4. By Vertical
  - 8.2.5.10. Rest of APAC
  - 8.2.5.10.1. By Solution
  - 8.2.5.10.2. By Deployment Mode
  - 8.2.5.10.3. By Enterprise Size
  - 8.2.5.10.4. By Vertical

9. Latin America Security Information and Event Management Market

9.1. Market Size & Forecast, 2019-2030
- 9.1.1. By Value (USD Billion)
9.2. Market Share & Forecast
- 9.2.1. By Solution
- 9.2.2. By Deployment Mode
- 9.2.3. By Enterprise Size
- 9.2.4. By Vertical
- 9.2.5. By Country
  - 9.2.5.1. Brazil
  - 9.2.5.1.1. By Solution
  - 9.2.5.1.2. By Deployment Mode
  - 9.2.5.1.3. By Enterprise Size
  - 9.2.5.1.4. By Vertical
  - 9.2.5.2. Mexico
  - 9.2.5.2.1. By Solution
  - 9.2.5.2.2. By Deployment Mode
  - 9.2.5.2.3. By Enterprise Size
  - 9.2.5.2.4. By Vertical
  - 9.2.5.3. Argentina
  - 9.2.5.3.1. By Solution
  - 9.2.5.3.2. By Deployment Mode
  - 9.2.5.3.3. By Enterprise Size
  - 9.2.5.3.4. By Vertical
  - 9.2.5.4. Peru
  - 9.2.5.4.1. By Solution
  - 9.2.5.4.2. By Deployment Mode
  - 9.2.5.4.3. By Enterprise Size
  - 9.2.5.4.4. By Vertical
  - 9.2.5.5. Rest of LATAM
  - 9.2.5.5.1. By Solution
  - 9.2.5.5.2. By Deployment Mode
  - 9.2.5.5.3. By Enterprise Size
  - 9.2.5.5.4. By Vertical

10. Middle East & Africa Security Information and Event Management Market

10.1. Market Size & Forecast, 2019-2030
- 10.1.1. By Value (USD Billion)
10.2. Market Share & Forecast
- 10.2.1. By Solution
- 10.2.2. By Deployment Mode
- 10.2.3. By Enterprise Size
- 10.2.4. By Vertical
- 10.2.5. By Country
  - 10.2.5.1. Saudi Arabia
  - 10.2.5.1.1. By Solution
  - 10.2.5.1.2. By Deployment Mode
  - 10.2.5.1.3. By Enterprise Size
  - 10.2.5.1.4. By Vertical
  - 10.2.5.2. UAE
  - 10.2.5.2.1. By Solution
  - 10.2.5.2.2. By Deployment Mode
  - 10.2.5.2.3. By Enterprise Size
  - 10.2.5.2.4. By Vertical
  - 10.2.5.3. Qatar
  - 10.2.5.3.1. By Solution
  - 10.2.5.3.2. By Deployment Mode
  - 10.2.5.3.3. By Enterprise Size
  - 10.2.5.3.4. By Vertical
  - 10.2.5.4. Kuwait
  - 10.2.5.4.1. By Solution
  - 10.2.5.4.2. By Deployment Mode
  - 10.2.5.4.3. By Enterprise Size
  - 10.2.5.4.4. By Vertical
  - 10.2.5.5. South Africa
  - 10.2.5.5.1. By Solution
  - 10.2.5.5.2. By Deployment Mode
  - 10.2.5.5.3. By Enterprise Size
  - 10.2.5.5.4. By Vertical
  - 10.2.5.6. Nigeria
  - 10.2.5.6.1. By Solution
  - 10.2.5.6.2. By Deployment Mode
  - 10.2.5.6.3. By Enterprise Size
  - 10.2.5.6.4. By Vertical
  - 10.2.5.7. Algeria
  - 10.2.5.7.1. By Solution
  - 10.2.5.7.2. By Deployment Mode
  - 10.2.5.7.3. By Enterprise Size
  - 10.2.5.7.4. By Vertical
  - 10.2.5.8. Rest of MEA
  - 10.2.5.8.1. By Solution
  - 10.2.5.8.2. By Deployment Mode
  - 10.2.5.8.3. By Enterprise Size
  - 10.2.5.8.4. By Vertical

11. Competitive Landscape

11.1. List of Key Players and Their Products
11.2. Global Security Information and Event Management Company Market Share Analysis, 2023
11.3. Competitive Benchmarking, By Operating Parameters
11.4. Key Strategic Developments (Mergers, Acquisitions, Partnerships, etc.)

12. Impact of Escalating Geopolitical Tension on Global Security Information and Event Management Market

13. Company Profile (Company Overview, Financial Matrix, Competitive Landscape, Key Personnel, Key Competitors, Contact Address, Strategic Outlook, SWOT Analysis)

13.1. IBM Security QRadar SIEM
13.2. Splunk Enterprise Security
13.3. Microsoft Sentinel
13.4. AlienVault USM
13.5. LogRhythm NextGen SIEM Platform
13.6. Datadog Security Monitoring
13.7. SolarWinds Security Event Manager
13.8. Logpoint
13.9. Graylog
13.10. ManageEngine EventLog Analyzer
13.11. ManageEngine Log360
13.12. Exabeam Fusion
13.13. Other Prominent Players

14. Key Strategic Recommendations

15. Research Methodology

15.1. Qualitative Research
- 15.1.1. Primary & Secondary Research
15.2. Quantitative Research
15.3. Market Breakdown & Data Triangulation
- 15.3.1. Secondary Research
- 15.3.2. Primary Research
15.4. Breakdown of Primary Research Respondents, By Region
15.5. Assumptions & Limitations