PUBLISHER: Prescient & Strategic Intelligence | PRODUCT CODE: 1463766
PUBLISHER: Prescient & Strategic Intelligence | PRODUCT CODE: 1463766
Managed SIEM Services Market Size and Share Analysis by Type, Application, Deployment Mode, Enterprise Size, Vertical - Global Industry Growth Forecast to 2030
Key Highlights
The managed SIEM services market generated a value of USD 7,531.7 million in 2023, which will rise to USD 21,707.2 million, powering at over 16.0% compound annual growth rate, by 2030.
The increasing cyber fraud prevalence is driving the need for better security solutions, which, sequentially, is boosting industry expansion.
According to a U.K.-based IT firm, in 2021, cyberattacks increased by 125% at the worldwide level, compared to 2020. Among the different kinds of frauds (such as phishing, malware, ransomware, botnet, and data breaches), phishing is highly prevalent.
Over 300,000 internet users reported being a victim of phishing in 2021, and around 80% of the businesses were the target of a phishing attempt in 2022.
SIEM acts as a comprehensive technology solution, offering network monitoring & signals 24/7, early security breach warnings, hidden threat data, and other measures for the business.
It assists businesses in staying compliant while uniting data associated with PCI DSS, GDPR, and ISO monitoring in a single central location.
Cloud deployment is a major trend among organizations and firms because it meets their business necessities.
With the constantly developing digital landscape, cloud security risks have become more advanced. As a result, most cloud providers take all precautions as well as dynamic steps to guard their servers' integrity.
Market Insights
The co-managed category accounted for the largest share of the industry. Co-managed SIEM is a combined method for security purposes, including a partnership between the managed security service providers (MSSPs) and firms.
The cloud category was the largest contributor to the industry in 2023, with approximately 70% share. This is primarily because of the benefits related to the cloud, including effective scalability, approachability, reliability, and agility in incorporating any workflow or software.
Cloud deployments are becoming more popular because numerous companies are implementing digitally transformative plans for smooth processes.
The SME category is likely to advance at a higher compound annual growth rate in the years to come. This is because of the substantial inclination toward cybersecurity prioritization.
Companies are progressively understanding the significance of having robust administrative safety & security measures to protect sensitive digital data and digital assets.
The log management & reporting category is a significant contributor to the industry.
The log management & reporting solutions centrally collect, store, correlate, examine, and dispose of information, to deliver actionable insights for troubleshooting, security monitoring, and performance improvement.
BFSI accounted for the largest share of the industry in 2023, and it will further advance at approximately 17.2% CAGR in the years to come. The BFSI industry has always been more susceptible to cyberattacks compared to any other industry.
APAC is likely to advance at the fastest CAGR during this decade. This is because of the rising rate of digital transformation, increasing online connectivity, and surging acceptance of the cloud.
The various cyber threat landscape, along with an increasing consciousness of cybersecurity measures, is convincing enterprises to invest in active safety solutions.
The managed SIEM services industry will observe continued development, owing to the rising number of cyberattacks as well as regulatory pressure.
The competition is expected to increase as established companies expand their portfolios and new players arise with novel solutions.
Table of Contents
Chapter 1. Research Scope
- 1.1. Research Objectives
- 1.2. Market Definition
- 1.3. Analysis Period
- 1.4. Market Size Breakdown by Segments
- 1.4.1. Market size breakdown, by type
- 1.4.2. Market size breakdown, by application
- 1.4.3. Market size breakdown, by deployment mode
- 1.4.4. Market size breakdown, by deployment mode
- 1.4.5. Market size breakdown, by vertical
- 1.4.6. Market size breakdown, by region
- 1.4.7. Market size breakdown, by country
- 1.5. Market Data Reporting Unit
- 1.5.1. Value
- 1.6. Key Stakeholders
Chapter 2. Research Methodology
- 2.1. Secondary Research
- 2.1.1. Paid
- 2.1.2. Unpaid
- 2.1.3. P&S Intelligence database
- 2.2. Primary Research
- 2.3. Market Size Estimation
- 2.4. Data Triangulation
- 2.5. Currency Conversion Rates
- 2.6. Assumptions for the Study
- 2.7. Notes and Caveats
Chapter 3. Executive Summary
Chapter 4. Market Indicators
Chapter 5. Industry Outlook
- 5.1. Market Dynamics
- 5.1.1. Trends
- 5.1.2. Drivers
- 5.1.3. Restraints/challenges
- 5.1.4. Impact analysis of drivers/restraints
- 5.2. Impact of COVID-19
- 5.3. Porter's Five Forces Analysis
- 5.3.1. Bargaining power of buyers
- 5.3.2. Bargaining power of suppliers
- 5.3.3. Threat of new entrants
- 5.3.4. Intensity of rivalry
- 5.3.5. Threat of substitutes
Chapter 6. Global Market
- 6.1. Overview
- 6.2. Market Revenue, by Type (2017-2030)
- 6.3. Market Revenue, by Application (2017-2030)
- 6.4. Market Revenue, by Deployment Mode (2017-2030)
- 6.5. Market Revenue, by Enterprise Size (2017-2030)
- 6.6. Market Revenue, by Vertical (2017-2030)
- 6.7. Market Volume, by Region (2017-2030)
- 6.8. Market Revenue, by Region (2017-2030)
Chapter 7. North America Market
- 7.1. Overview
- 7.2. Market Revenue, by Type (2017-2030)
- 7.3. Market Revenue, by Application (2017-2030)
- 7.4. Market Revenue, by Deployment Mode (2017-2030)
- 7.5. Market Revenue, by Enterprise Size (2017-2030)
- 7.6. Market Revenue, by Vertical (2017-2030)
- 7.7. Market Volume, by Country (2017-2030)
- 7.8. Market Revenue, by Country (2017-2030)
Chapter 8. Europe Market
- 8.1. Overview
- 8.2. Market Revenue, by Type (2017-2030)
- 8.3. Market Revenue, by Application (2017-2030)
- 8.4. Market Revenue, by Deployment Mode (2017-2030)
- 8.5. Market Revenue, by Enterprise Size (2017-2030)
- 8.6. Market Revenue, by Vertical (2017-2030)
- 8.7. Market Volume, by Country (2017-2030)
- 8.8. Market Revenue, by Country (2017-2030)
Chapter 9. APAC Market
- 9.1. Overview
- 9.2. Market Revenue, by Type (2017-2030)
- 9.3. Market Revenue, by Application (2017-2030)
- 9.4. Market Revenue, by Deployment Mode (2017-2030)
- 9.5. Market Revenue, by Enterprise Size (2017-2030)
- 9.6. Market Revenue, by Vertical (2017-2030)
- 9.7. Market Volume, by Country (2017-2030)
- 9.8. Market Revenue, by Country (2017-2030)
Chapter 10. LATAM Market
- 10.1. Overview
- 10.2. Market Revenue, by Type (2017-2030)
- 10.3. Market Revenue, by Application (2017-2030)
- 10.4. Market Revenue, by Deployment Mode (2017-2030)
- 10.5. Market Revenue, by Enterprise Size (2017-2030)
- 10.6. Market Revenue, by Vertical (2017-2030)
- 10.7. Market Volume, by Country (2017-2030)
- 10.8. Market Revenue, by Country (2017-2030)
Chapter 11. MEA Market
- 11.1. Overview
- 11.2. Market Revenue, by Type (2017-2030)
- 11.3. Market Revenue, by Application (2017-2030)
- 11.4. Market Revenue, by Deployment Mode (2017-2030)
- 11.5. Market Revenue, by Enterprise Size (2017-2030)
- 11.6. Market Revenue, by Vertical (2017-2030)
- 11.7. Market Volume, by Country (2017-2030)
- 11.8. Market Revenue, by Country (2017-2030)
Chapter 12. U.S. Market
- 12.1. Overview
- 12.2. Market Revenue, by Type (2017-2030)
- 12.3. Market Revenue, by Application (2017-2030)
- 12.4. Market Revenue, by Deployment Mode (2017-2030)
- 12.5. Market Revenue, by Enterprise Size (2017-2030)
- 12.6. Market Revenue, by Vertical (2017-2030)
Chapter 13. Canada Market
- 13.1. Overview
- 13.2. Market Revenue, by Type (2017-2030)
- 13.3. Market Revenue, by Application (2017-2030)
- 13.4. Market Revenue, by Deployment Mode (2017-2030)
- 13.5. Market Revenue, by Enterprise Size (2017-2030)
- 13.6. Market Revenue, by Vertical (2017-2030)
Chapter 14. Germany Market
- 14.1. Overview
- 14.2. Market Revenue, by Type (2017-2030)
- 14.3. Market Revenue, by Application (2017-2030)
- 14.4. Market Revenue, by Deployment Mode (2017-2030)
- 14.5. Market Revenue, by Enterprise Size (2017-2030)
- 14.6. Market Revenue, by Vertical (2017-2030)
Chapter 15. France Market
- 15.1. Overview
- 15.2. Market Revenue, by Type (2017-2030)
- 15.3. Market Revenue, by Application (2017-2030)
- 15.4. Market Revenue, by Deployment Mode (2017-2030)
- 15.5. Market Revenue, by Enterprise Size (2017-2030)
- 15.6. Market Revenue, by Vertical (2017-2030)
Chapter 16. U.K. Market
- 16.1. Overview
- 16.2. Market Revenue, by Type (2017-2030)
- 16.3. Market Revenue, by Application (2017-2030)
- 16.4. Market Revenue, by Deployment Mode (2017-2030)
- 16.5. Market Revenue, by Enterprise Size (2017-2030)
- 16.6. Market Revenue, by Vertical (2017-2030)
Chapter 17. Italy Market
- 17.1. Overview
- 17.2. Market Revenue, by Type (2017-2030)
- 17.3. Market Revenue, by Application (2017-2030)
- 17.4. Market Revenue, by Deployment Mode (2017-2030)
- 17.5. Market Revenue, by Enterprise Size (2017-2030)
- 17.6. Market Revenue, by Vertical (2017-2030)
Chapter 18. Spain Market
- 18.1. Overview
- 18.2. Market Revenue, by Type (2017-2030)
- 18.3. Market Revenue, by Application (2017-2030)
- 18.4. Market Revenue, by Deployment Mode (2017-2030)
- 18.5. Market Revenue, by Enterprise Size (2017-2030)
- 18.6. Market Revenue, by Vertical (2017-2030)
Chapter 19. Japan Market
- 19.1. Overview
- 19.2. Market Revenue, by Type (2017-2030)
- 19.3. Market Revenue, by Application (2017-2030)
- 19.4. Market Revenue, by Deployment Mode (2017-2030)
- 19.5. Market Revenue, by Enterprise Size (2017-2030)
- 19.6. Market Revenue, by Vertical (2017-2030)
Chapter 20. China Market
- 20.1. Overview
- 20.2. Market Revenue, by Type (2017-2030)
- 20.3. Market Revenue, by Application (2017-2030)
- 20.4. Market Revenue, by Deployment Mode (2017-2030)
- 20.5. Market Revenue, by Enterprise Size (2017-2030)
- 20.6. Market Revenue, by Vertical (2017-2030)
Chapter 21. India Market
- 21.1. Overview
- 21.2. Market Revenue, by Type (2017-2030)
- 21.3. Market Revenue, by Application (2017-2030)
- 21.4. Market Revenue, by Deployment Mode (2017-2030)
- 21.5. Market Revenue, by Enterprise Size (2017-2030)
- 21.6. Market Revenue, by Vertical (2017-2030)
Chapter 22. Australia Market
- 22.1. Overview
- 22.2. Market Revenue, by Type (2017-2030)
- 22.3. Market Revenue, by Application (2017-2030)
- 22.4. Market Revenue, by Deployment Mode (2017-2030)
- 22.5. Market Revenue, by Enterprise Size (2017-2030)
- 22.6. Market Revenue, by Vertical (2017-2030)
Chapter 23. South Korea Market
- 23.1. Overview
- 23.2. Market Revenue, by Type (2017-2030)
- 23.3. Market Revenue, by Application (2017-2030)
- 23.4. Market Revenue, by Deployment Mode (2017-2030)
- 23.5. Market Revenue, by Enterprise Size (2017-2030)
- 23.6. Market Revenue, by Vertical (2017-2030)
Chapter 24. Brazil Market
- 24.1. Overview
- 24.2. Market Revenue, by Type (2017-2030)
- 24.3. Market Revenue, by Application (2017-2030)
- 24.4. Market Revenue, by Deployment Mode (2017-2030)
- 24.5. Market Revenue, by Enterprise Size (2017-2030)
- 24.6. Market Revenue, by Vertical (2017-2030)
Chapter 25. Mexico Market
- 25.1. Overview
- 25.2. Market Revenue, by Type (2017-2030)
- 25.3. Market Revenue, by Application (2017-2030)
- 25.4. Market Revenue, by Deployment Mode (2017-2030)
- 25.5. Market Revenue, by Enterprise Size (2017-2030)
- 25.6. Market Revenue, by Vertical (2017-2030)
Chapter 26. Saudi Arabia Market
- 26.1. Overview
- 26.2. Market Revenue, by Type (2017-2030)
- 26.3. Market Revenue, by Application (2017-2030)
- 26.4. Market Revenue, by Deployment Mode (2017-2030)
- 26.5. Market Revenue, by Enterprise Size (2017-2030)
- 26.6. Market Revenue, by Vertical (2017-2030)
Chapter 27. South Africa Market
- 27.1. Overview
- 27.2. Market Revenue, by Type (2017-2030)
- 27.3. Market Revenue, by Application (2017-2030)
- 27.4. Market Revenue, by Deployment Mode (2017-2030)
- 27.5. Market Revenue, by Enterprise Size (2017-2030)
- 27.6. Market Revenue, by Vertical (2017-2030)
Chapter 28. U.A.E. Market
- 28.1. Overview
- 28.2. Market Revenue, by Type (2017-2030)
- 28.3. Market Revenue, by Application (2017-2030)
- 28.4. Market Revenue, by Deployment Mode (2017-2030)
- 28.5. Market Revenue, by Enterprise Size (2017-2030)
- 28.6. Market Revenue, by Vertical (2017-2030)
Chapter 29. Competitive Landscape
- 29.1. List of Market Players and their Offerings
- 29.2. Competitive Benchmarking of Key Players
- 29.3. Product Benchmarking of Key Players
- 29.4. Recent Strategic Developments
Chapter 30. Company Profiles
- 30.1. IBM Corporation
- 30.1.1. Business overview
- 30.1.2. Product and service offerings
- 30.1.3. Key financial summary
- 30.2. AT&T Inc.
- 30.2.1. Business overview
- 30.2.2. Product and service offerings
- 30.2.3. Key financial summary
- 30.3. Securonix
- 30.3.1. Business overview
- 30.3.2. Product and service offerings
- 30.3.3. Key financial summary
- 30.4. Splunk Inc.
- 30.4.1. Business overview
- 30.4.2. Product and service offerings
- 30.4.3. Key financial summary
- 30.5. Trustwave Holdings Inc.
- 30.5.1. Business overview
- 30.5.2. Product and service offerings
- 30.5.3. Key financial summary
- 30.6. UNISYS Corporation
- 30.6.1. Business overview
- 30.6.2. Product and service offerings
- 30.6.3. Key financial summary
- 30.7. Optiv Security Inc.
- 30.7.1. Business overview
- 30.7.2. Product and service offerings
- 30.7.3. Key financial summary
- 30.8. NTT Corporation
- 30.8.1. Business overview
- 30.8.2. Product and service offerings
- 30.8.3. Key financial summary
- 30.9. NCC GROUP
- 30.9.1. Business overview
- 30.9.2. Product and service offerings
- 30.9.3. Key financial summary
- 30.10. TATA Consultancy Services Limited
- 30.10.1. Business overview
- 30.10.2. Product and service offerings
- 30.10.3. Key financial summary
Chapter 31. Appendix
- 31.1. Abbreviations
- 31.2. Sources and References
- 31.3. Related Reports
