Global Security Information and Event Management Market 2017-2021
About Security Information And Event Management
SIEM includes solutions and services that help enterprises to analyze log (large volumes of computer generated data also known as audit records and audit trials) and event data in real time to identity potential threats and provide event correlation and incident response. The data is collected from security and network devices, systems, and applications. The data is collected in a central repository for interpretation of logs and trend analysis and provides automated reporting for compliance and centralized reporting. SIEM solutions provide quicker identification, analysis, and recovery of security events. The events are alerts generated by a network security device such as a firewall or intrusion detection system (IDS).
Technavio’s analysts forecast the global security information and event management to grow at a CAGR of 12.03% during the period 2017-2021.Covered in this report
The report covers the present scenario and the growth prospects of the global security information and event management for 2017-2021. To calculate the market size, the report considers the revenue generated from the sales of SIEM solutions and services.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Security Information And Event Management 2017-2021
Technavio recognizes the following companies as the key players in the global security information and event management: IBM, Hewlett Packard, McAfee, LogRhythm, and Splunk.
Other Prominent Vendors in the market are: AlienVault, BlackStratus, EventTracker, Dell Technologies, Fortinet, Micro Focus, SolarWinds, Symantec, Tenable Network Security, TIBCO Software, Trustwave, and ZOHO Corp.
Commenting on the report, an analyst from Technavio’s team said: “One trend in market is growing popularity of managed security service providers. Managed security services are network security services, such as managed firewall, virtual private network, intrusion detection, managed antivirus, and other compliance services, that are outsourced to a third-party service provider. The company providing such services is called managed security service provider (MSSP). Organizations are giving importance to the adoption of managed security services to mitigate the pressure they face in day-to-day business operations related to information security such as targeted malware, resource constraints, customer data theft, and lack of IT skilled professionals.”
According to the report, one driver in market is increased use of mobile devices. Employees are using their personal portable devices to gain access to confidential information because of the growing need for uninterrupted connectivity between corporate networks and employees. High acceptance of policies such as bring your own device (BYOD) and corporate owned personally enabled (COPE) is encouraging employees to use mobile devices such as smartphones, tablets, and laptops at the workplace. The increase in use of mobile devices such as smartphones and tablets has led to an increase in the storage of data. This has increased the need for security. The rise in employee mobility is also leading to the increased use of mobile devices. It is easy for hackers to gain access to mobile devices and gain unauthorized access to corporate networks as these devices are generally not secure.
Further, the report states that one challenge in market is threat from open-source SIEM software. Open-source SIEM solutions are posing a serious threat to on-premises and cloud-based SIEM market. They can be downloaded and run on all platforms and are becoming increasingly popular in developing economies such as India and China. Most of the small-scale enterprises in these economies cannot afford to invest in expensive on-premises and cloud-based SIEM solutions. As a result, enterprises are adopting open-source solutions that require no capital investment. It is a very economical solution for organizations with limited resources and expertise. The increasing adoption of open-source SIEM solutions is reducing the overall revenue generated in the global SIEM market.
IBM, Hewlett Packard, McAfee, LogRhythm, Splunk, AlienVault, BlackStratus, EventTracker, Dell Technologies, Fortinet, Micro Focus, SolarWinds, Symantec, Tenable Network Security, TIBCO Software, Trustwave, ZOHO Corp.
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