Worldwide Security Information and Event Management Market Shares, 2022: The Multitude of SIEMs

This IDC study investigates the SIEM software market. It discusses overall market dynamics, analyzes the competitive landscape, and provides a quantitative assessment of the biggest vendors in the market."The reported demise of the SIEM market at the hands of XDR vendors is greatly exaggerated since the SIEM market saw double-digit growth of 16.6% in 2022 as vendors add to the functionality of their products," declared Michelle Abraham, research director, Security and Trust. "Generative AI arms SIEM vendors with transformative technology that will advance security analyst efficiency by offloading mundane tasks to machines and democratizing the institutional knowledge of the best tier 2 and tier 3 security analysts."