Market Research Report
Saudi Arabia Managed Security Information and Event Management (SIEM) Market By Solution (Firewall Security Management & Others), By Deployment Mode (On-Premise Vs. Cloud), By End User Sector, Competition, Forecast & Opportunities, 2013 - 2023
|Published by||TechSci Research||Product code||793745|
|Published||Content info||90 Pages
Delivery time: 1-2 business days
|Saudi Arabia Managed Security Information and Event Management (SIEM) Market By Solution (Firewall Security Management & Others), By Deployment Mode (On-Premise Vs. Cloud), By End User Sector, Competition, Forecast & Opportunities, 2013 - 2023|
|Published: February 1, 2019||Content info: 90 Pages||
Saudi Arabia Managed Security Information and Event Management (SIEM) market is projected to grow from $ 25.4 million in 2017 to $ 67.5 million by 2023, exhibiting a CAGR of around 18% during the forecast period. Growth in the market is expected to be driven by alarming increase in the number of incidents of cybercrimes, growing number of online transactions and booming Internet of Things (IoT) market. Some of the other key factors expected to fuel Saudi Arabia managed SIEM market are growing Bring Your Own Device (BYOD) concept, rising demand for Industrial Control Systems (ICS) security and increasing adoption of cloud-based managed SIEM among SMEs.
Some of the major players operating in Saudi Arabia managed SIEM market are: IBM Middle East FZ-LLC, Wipro Arabia Limited, Splunk Inc., LogRhythm Inc., McAfee LLC, Cognizant Technology Solution Saudi Arabia L.L.C., SolarWinds Corporation, Exabeam Inc., AlienVault Inc. and Injazat Data Systems LLC. The market is highly fragmented due to the presence of a large number of micro, medium and small players in Saudi Arabia managed SIEM market.
TechSci Research performed both primary as well as exhaustive secondary research for this study. Initially, TechSci Research sourced a list of managed SIEM providers in Saudi Arabia. Subsequently, TechSci Research conducted primary research surveys with the identified companies. While interviewing, the respondents were also enquired about their competitors. TechSci Research further analyzed the product offerings or variants and regional presence of major managed SIEM providers.
TechSci Research calculated Saudi Arabia managed SIEM market size using a bottom-up approach, where data for different components for standard application were recorded and forecast for the future years. TechSci Research sourced these values from industry experts and company representatives, and these were externally validated through analyzing historical data of managed SIEM market to arrive at the overall market size. Various secondary sources such as company website, company annual reports, press releases, white papers, investor presentations and financial reports were also studied by TechSci Research.
The study is useful in providing answers to several critical questions that are important for industry stakeholders such as managed SIEM providers, companies, customers and policy makers. The study would also aid the stakeholders to target the growing segments over the coming years, thereby aiding them in taking right investment decisions and facilitating their expansion.
In this report, Saudi Arabia managed SIEM market has been segmented into the following categories in addition to the industry trends which have also been detailed below:
Company Profiles: Detailed analysis of the major companies providing managed SIEM in Saudi Arabia.
With the given market data, TechSci Research offers customizations according to a company's specific needs.
Detailed analysis and profiling of additional market players (up to five)
(Where 5 is extremely Satisfied, 3 is neutral and 1 is extremely Dissatisfied)