Dublin, April 30, 2019 (GLOBE NEWSWIRE) -- The "Security Information and Event Management Market to 2027 - Global Analysis and Forecasts by Solution; Service; and End User" report has been added to ResearchAndMarkets.com's offering.
The global Security Information and Event Management market accounted to US$ 2.59bn in 2018 and is expected to grow at a CAGR of 10.4% during the forecast period 2019-2027, to account to US$ 6.24bn by 2027.
The advancement in IT technologies has witnessed unprecedented adoption across the industry verticals. Moreover, the growing popularity of IoT solutions and connected devices has further boosted the penetration of IT solution across major industrial and service sectors. As a result, the significant presence of IT systems and solutions coupled with large exposure to various devices results in effective and efficient management of cyber security posture of the organization. Thus, the organization has spent heavily towards minimizing the potential vulnerabilities and containment of immediate unauthorized access and breach of data.
Also, the growing sophistication of cyber threats coupled with a large number of alerts and events notification has created a strong demand for the robust and efficient market for various security-related solutions. Also, the massive cyber security attacks targeting various critical utilities and organization has swung the various international agencies into action for improved corporation towards developing superior solutions capable of mitigating such threats. It is estimated that the total spending on enterprise security was estimated around 98 billion in 2017, and expected to have high year-on-year growth during the forecast period.
Moreover, the continuous organization inclination towards improved security posture due to their data sensitivity in sectors such as BFSI, government, defense, educational institutes, utilities and industrial among other sectors is also anticipated to drive the growth of the Security Information and Event Management market during the forecast period.
Factors such as increasing number of large volume of cyber incident threats coupled with stringent cyber security legislation and regulations are the major factors driving the growth of SOAR based solutions. Moreover, the growing popularity if automation and adoption of AI enabled solutions especially among large enterprise owners is also expected to have profound positive influence over the growth of the security information and event management market in the coming years.
The increasing demand for automated incident response and use of AI enabled solutions is also expected to drive the security information and event management market growth in the coming years. Thus, the security information and event management market is poised to provide numerous profitable opportunities for the market players in the coming years.
The Security Information and Event Management market globally has been segmented on the basis of solution into patch management, log & event management, firewall security management, and others. The services allied with SIEM have further been segmented into integration, consulting, and support.
On the basis of industry vertical the Security Information and Event Management market is further segmented into healthcare, energy & utility, BFSI, government, retail, and others.
Geographically the security information and event management market is presently dominated by developed regions including, North America. However, the security information and event management market is expected to be in favor of APAC.
Key Topics Covered
1. Introduction
1.1 Scope of the Study
1.2 Report Guidance
1.3 Market Segmentation
1.3.1 Global Security Information and Event Management Market - by Solution
1.3.2 Global Security Information and Event Management Market - by Service
1.3.3 Global Security Information and Event Management Market - by End User
1.3.4 Global Security Information and Event Management Market - by Geography
2. Key Takeaways
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. Security Information and Event Management Market Landscape
4.1 Market Overview
4.2 Ecosystem Analysis
4.3 Pest Analysis
4.3.1 SIEM Market - North America Pest Analysis
4.3.2 SIEM Market - Europe Pest Analysis
4.3.3 SIEM Market - Asia-Pacific Pest Analysis
4.3.4 SIEM Market - Middle East & Africa Pest Analysis
4.3.5 SIEM Market - South America Pest Analysis
5. Security Information and Event Management Market - Key Industry Dynamics
5.1 Key Market Drivers
5.1.1 Increasing Cyber Threats Across Industries
5.1.2 Increasing Spending on Cyber Security Solutions by Large & Medium Enterprises
5.2 Key Market Restraints
5.2.1 Lack of Technically Skilled Cyber Security Experts
5.3 Key Market Opportunities
5.3.1 Growing Popularity of Automation Solutions and Reducing Operational Costs
5.4 Future Trends
5.4.1 Integration of AI and Other Advanced Technologies For Alerting and Pattern Based Monitoring
5.5 Impact Analysis of Drivers and Restraints
6. Security Information and Event Management - Global Market Analysis
6.1 Global Security Information and Event Management Market Overview
6.2 Global Security Information and Event Management Market Forecast and Analysis
6.3 Market Positioning/ Market Share
7. Global Security Information and Event Management Analysis - By Solution
7.1 Overview
7.2 Global Security Information and Event Management Breakdown, By Solution, 2018 & 2027
7.3 Patch Management
7.4 Log & Event Management
7.5 Firewall Security Management
7.6 Others
8. Security Information and Event Management Revenue and Forecasts To 2027 - Service
8.1 Overview
8.2 Security Information and Event Management Breakdown, by Service, 2018 & 2027
8.3 Integration
8.4 Consulting
8.5 Support
9. Security Information and Event Management Market Revenue and Forecasts To 2027 - Industry Vertical
9.1 Overview
9.2 Security Information and Event Management Market Breakdown, By Industry Vertical, 2018 & 2027
9.3 Healthcare Market
9.4 Energy & Utility Market
9.5 BFSI Market
9.6 Government Market
9.7 Retail Market
9.8 Others Market
10. Security Information and Event Management Market - Geographical Analysis
10.1 Overview
10.2 North America Security Information and Event Management Market Revenue and Forecasts To 2027
10.3 Europe Security Information and Event Management Market Revenue and Forecasts To 2027
10.4 APAC Security Information and Event Management Market Revenue and Forecasts To 2027
10.5 Middle East and Africa Security Information and Event Management Market Revenue and Forecasts To 2027
10.6 South America Security Information and Event Management Market Revenue and Forecasts To 2027
11. Industry Landscape
11.1 Market Initiative
11.2 Merger and Acquisition
11.3 New Development
12. Key Company Profiles
12.1 AT&T Inc. (AlienVault)
12.2 DFLabs S.p.A.
12.3 Fireeye Inc.
12.4 Hewlett Packard Enterprise Development L.P. (HPE)
12.5 International Business Machines Corporation
12.6 LogRhythm Inc.
12.7 RSA Security LLC
12.8 Solarwinds Inc.
12.9 Splunk Inc.
12.10 Tibco Software Inc.
For more information about this report visit https://www.researchandmarkets.com/r/aamngd
Research and Markets also offers Custom Research services providing focused, comprehensive and tailored research.