In a recently published report, Security Information and Event Management Market report for till 2030. The report further now discusses; the various strategies to be adopted or being adopted by the business players across the globe at various levels in the value chain. In view of the global economic slowdown, we further estimated that China, India, Japan and South Korea to recover fastest amongst all the countries in the Asian market. Germany, France, Italy, Spain to take the worst hit and this hit is expected to regain 25% by the end of 2021- Positive Growth in the economic demand and supply.
U S Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analysis and U.S. Census Bureau mention the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4 billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) average exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilst imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for Security Information and Event Management Market products.
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Moreover, increase in ICT spending around the globe for hardware, software, services, new technologies and telecom among others is also anticipated to contribute to the growth of the market in the coming years. The spending on new technologies recorded around USD 0.6 million in 2018 and is further estimated to reach close to USD 1.3 million by 2023. The total ICT spending around the globe further recorded close to USD 5 million in 2019 and is further.
Global Security Information and Event Management Market is valued approximately at USD 4 billion in 2019 and is anticipated to grow with a growth rate of more than 5.5% over the forecast period 2020-2026. SIEM refers to software and product services that combine security event management (SEM) and security information management (SIM). Security information and event management provides real time analysis of security alerts to organizations of IT infrastructure and network applications and hardware. Security information and event management (SIEM) tracks and analyzes the security with the help of SIM and SEM that further helps the organization to adhere to legal compliances in order to protect its IT infrastructure.
SIEM also look after the logs in security database, allowing real time analysis of security-based events for organization to take necessary security steps. The rise and sophistication of cyber-attacks, Stringent security compliances and government regulations and increase in adoption of cloud-based services among SME are the few factors responsible for growth of the market over the forecast period. For instance, according to Cloud Computing Community, 77% of enterprises have at least one application or a portion of their enterprise computing infrastructure in the cloud in 2016. Moreover, as per technocrats over 75% of private and government organizations have adopted hybrid cloud-based services in 2016.
For instance, as per company’s news release in June 2019, Benefitfocus Inc. introduced the advanced BenefitsPlace™ Platform, a cloud-based functionality tool to educate consumers, improve the mobile experience and simplify the process of consumers’ benefits decisions. Thus, rising penetration of cloud-based services across various organization will create a lucrative growth of this market. However, higher cost involved in deploying SIEM solution is the major factor restraining the growth of global Security Information and Event Management market during the forecast period.
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The regional analysis of global Security Information and Event Management market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. North America is the leading/significant region across the world. Whereas, Asia-Pacific is also anticipated to exhibit highest growth rate / CAGR over the forecast period 2020-2026.
Major market player included in this report are:
SolarWinds Inc.
IBM Corporation
Micro Focus International Plc
Rapid7
RSA
McAfee LLC
Splunk Inc.
ManageEngine
LogRhythm
Exabeam Inc.
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Component:
Solution
Services
By Deployment:
Cloud
On-Premise
By Organization Size:
Small and Medium-Sized Enterprises
Large Enterprises
By Application:
Log Management and Reporting
Threat Intelligence
Security Analytics
Others
By Vertical:
Finance and Insurance
Healthcare and Social Assistance
By Region:
North America
U.S.
Canada
Europe
UK
Germany
Asia Pacific
China
India
Japan
Latin America
Brazil
Mexico
Rest of the World
Furthermore, years considered for the study are as follows:
Historical year – 2016, 2017, 2018
Base year – 2019
Forecast period – 2020 to 2026
Target Audience of the Global Security Information and Event Management Market in Market Study:
Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers
Investors
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Chapter 1. Executive Summary
1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2018-2026 (USD BILLION)
1.2.1. Security Information and Event Management Market, by Region, 2018-2026 (USD BILLION)
1.2.2. Security Information and Event Management Market, by Component, 2018-2026 (USD BILLION)
1.2.3. Security Information and Event Management Market, by Deployment Mode, 2018-2026 (USD BILLION)
1.2.4. Security Information and Event Management Market, by Organizational Size, 2018-2026 (USD BILLION)
1.2.5. Security Information and Event Management Market, by Vertical, 2018-2026 (USD BILLION)
1.2.6. Security Information and Event Management Market, by Application, 2018-2026 (USD BILLION)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption
Chapter 2. Global Security Information and Event Management Market Definition and Scope
2.1. Objective of the Study
2.2. Market Definition & Scope
2.2.1. Scope of the Study
2.2.2. Industry Evolution
2.3. Years Considered for the Study
2.4. Currency Conversion Rates
Chapter 3. Global Security Information and Event Management Market Dynamics
3.1. Security Information and Event Management Market Impact Analysis (2018-2026)
3.1.1. Market Drivers
3.1.2. Market Challenges
3.1.3. Market Opportunities
Chapter 4. Global Security Information and Event Management Market: Industry Analysis
4.1. Porter’s 5 Force Model
4.1.1. Bargaining Power of Suppliers
4.1.2. Bargaining Power of Buyers
4.1.3. Threat of New Entrants
4.1.4. Threat of Substitutes
4.1.5. Competitive Rivalry
4.1.6. Futuristic Approach to Porter’s 5 Force Model (2016-2026)
4.2. PEST Analysis
4.2.1. Political
4.2.2. Economical
4.2.3. Social
4.2.4. Technological
4.3. Investment Adoption Model
4.4. Analyst Recommendation & Conclusion
Chapter 5. Global Security Information and Event Management Market, by Component
5.1. Market Snapshot
5.2. Global Security Information and Event Management Market by Component, Performance – Potential Analysis
5.3. Global Security Information and Event Management Market Estimates & Forecasts by Component 2016-2026 (USD BILLION)
5.4. Security Information and Event Management Market, Sub Segment Analysis
5.4.1. Solution
5.4.2. Services
Chapter 6. Global Security Information and Event Management Market, by Deployment Mode
6.1. Market Snapshot
6.2. Global Security Information and Event Management Market by Deployment Mode, Performance – Potential Analysis
6.3. Global Security Information and Event Management Market Estimates & Forecasts by Deployment Mode 2016-2026 (USD BILLION)
6.4. Security Information and Event Management Market, Sub Segment Analysis
6.4.1. Cloud
6.4.2. On-Premise
Chapter 7. Global Security Information and Event Management Market, by Organizational Size
7.1. Market Snapshot
7.2. Global Security Information and Event Management Market by Organizational Size, Performance – Potential Analysis
7.3. Global Security Information and Event Management Market Estimates & Forecasts by Organizational Size 2016-2026 (USD BILLION)
7.4. Security Information and Event Management Market, Sub Segment Analysis
7.4.1. Small and Medium-Sized Enterprises
7.4.2. Large Enterprises
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