Global Security Information and Event Management Market 2017-2021

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:

  • APAC
  • Europe
  • North America
  • MEA
Technavio's report, Global Security Information And Event Management 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
  • IBM
  • Hewlett Packard
  • McAfee
  • LogRhythm
  • Splunk
Other prominent vendors
  • AlienVault
  • BlackStratus
  • EventTracker
  • Dell Technologies
  • Fortinet
  • Micro Focus
  • SolarWinds
  • Symantec
  • Tenable Network Security
  • TIBCO Software
  • Trustwave
  • ZOHO Corp
Market driver
  • Need to comply with regulatory requirements.
  • For a full, detailed list, view our report
Market challenge
  • Security risks associated with SaaS offerings.
  • For a full, detailed list, view our report
Market trend
  • Growing popularity of managed security service providers.
  • For a full, detailed list, view our report
Key questions answered in this report
  • What will the market size be in 2021 and what will the growth rate be?
  • What are the key market trends?
  • What is driving this market?
  • What are the challenges to market growth?
  • Who are the key vendors in this market space?
  • What are the market opportunities and threats faced by the key vendors?
  • What are the strengths and weaknesses of the key vendors?


Press Release

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.

Companies Mentioned

IBM, Hewlett Packard, McAfee, LogRhythm, Splunk, AlienVault, BlackStratus, EventTracker, Dell Technologies, Fortinet, Micro Focus, SolarWinds, Symantec, Tenable Network Security, TIBCO Software, Trustwave, ZOHO Corp.

  • Executive summary
  • Scope of the report
    • Market overview
    • Methodology
      • Table Data triangulation
    • Estimation of market
    • Segmentation
      • Table Regions covered
    • Vendors
    • Summation errors
    • Target audience
    • Major-vendor offerings
      • Table Product offerings
  • Market research methodology
    • Research methodology
    • Economic indicators
  • Introduction
    • Key market highlights
    • Why enterprises need SIEM
      • Table Workflow of SIEM
      • Table Functionality of SIEM
  • Architecture
    • SIEM architecture
      • Table SIEM architecture
    • Risks associated with SIEM implementation
      • Table Risks associated with SIEM implementation
  • Market assumptions
    • Table Market assumptions
  • Market landscape
    • Global SIEM market
      • Table Global SIEM market 2016-2021 ($ billions)
    • Global SIEM solutions market
      • Table Global SIEM solutions market 2016-2021 ($ billions)
    • Global SIEM services market
      • Table Global SIEM services market 2016-2021 ($ billions)
  • Market segmentation by deployment models
    • Deployment models
      • Table Deployment models for SIEM
    • Global SIEM market by deployment
      • Table Global SIEM market by deployment model 2016-2021
      • Table SaaS-based SIEM market 2016-2021 ($ billions)
      • Table On-premises SIEM market 2016-2021 ($ billions)
      • Table Difference between on-premises and SaaS-based SIEM software
  • Market segmentation by end-user
    • Global SIEM market by end-user segmentation
      • Table Global SIEM market by end-user segmentation 2016
      • Table Global SIEM market in government sector 2016-2021 ($ billions)
      • Table Global SIEM market in BFSI sector 2016-2021 ($ billions)
      • Table Global SIEM market in Telecom sector 2016-2021 ($ billions)
      • Table Global SIEM market in healthcare sector 2016-2021 ($ billions)
      • Table Global SIEM market in others sector 2016-2021 ($ billions)
  • Geographical segmentation
    • Global SIEM market by geography
      • Table Global SIEM market by geography 2016-2021
    • Global SIEM market by geography (revenue)
      • Table Global SIEM market by geography 2016-2021 ($ billions)
      • Table Major data breaches in North America
      • Table SIEM market in North America 2016-2021 ($ billions)
      • Table SIEM market in Europe 2016-2021 ($ billions)
      • Table SIEM market in APAC 2016-2021 ($ billions)
      • Table SIEM market in MEA 2016-2021 ($ billions)
      • Table SIEM market in South America 2016-2021 ($ billions)
  • Buying criteria
    • Table Buying criteria for SIEM
    • Cost
    • Security
    • Interoperability
    • Scalability
  • Market drivers
    • Increase in cybercrime
    • Increased use of mobile devices
    • Need to comply with regulatory requirements
      • Table Regulatory compliance related to security
  • Impact of drivers
    • Table Impact of drivers
  • Market challenges
    • Threat from open-source SIEM software
      • Table Open-source SIEM software
    • Lack of efficient security solutions
    • Security risks associated with SaaS offerings
  • Impact of drivers and challenges
    • Table Impact of drivers and challenges
  • Market trends
    • Growing popularity of managed security service providers
    • Popularity of SaaS SIEM services
    • Increased market consolidation
      • Table Major mergers and acquisitions in global SIEM market
  • Five forces model
    • Table Five forces model
  • Vendor landscape
    • Competitive scenario
    • Vendor matrix
      • Table Vendor matrix
    • Competitive rating
      • Table Competitive rating
    • Description of major vendors
    • Other prominent vendors
      • Table Other prominent vendors
  • Appendix
    • List of abbreviations
  • Explore Technavio

Download our eBook: How to Succeed Using Market Research

Learn how to effectively navigate the market research process to help guide your organization on the journey to success.

Download eBook