Security Information and Event Management Market Size, Analytical Overview, Growth Factors, Demand and Trends Forecast to 2027
Category: #business  By Partha Ray  Date: 2019-09-11
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Security Information and Event Management Market Size, Analytical Overview, Growth Factors, Demand and Trends Forecast to 2027 The 'Security Information and Event Management market' study now available at MarketStudyReport.com, is a detailed sketch of the business sphere in terms of current and future trends driving the profit matrix. The report also indicates a pointwise outline of market share, market size, industry partakers, and regional landscape along with statistics, diagrams, & charts elucidating various noteworthy parameters of the industry landscape.

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The global Security Information and Event Management market accounted to US$ 2.59 Bn in 2018 and is expected to grow at a CAGR of 10.4% during the forecast period 2019 - 2027, to account to US$ 6.24 Bn 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. As per The Insight Partners, 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 Key Objectives of The Report Are as Follows:

  • Define, Analyze and Forecast Security Information and Event Management Market by Product Applications, Key Players and Region.
    Forecast the Market Size with Varied Segments Concerning Main Regions 
  • Give Elaborated Data Regarding the Foremost Factors (Opportunities, Drivers, Restraints, And Industry-Specific Challenges) Influencing the Expansion of Security Information and Event Management Market.
  • Analyze the Industry with Relation to Individual Growth Trends, Prospects and Contributions to The Whole Security Information and Event Management Market.
  • Analyze Opportunities Within the Marketplace for Varied Stakeholders by Distinguishing the High-Growth Segments of Security Information and Event Management Market.
  • Profile the Key Players and Comprehensively Analyses Their Market Position in Terms of Ranking and Core Competencies Together with The Competitive Landscape.
  • Analyze Competitive Developments, Like Partnerships and Joint Ventures, New Product Developments, Expansions, And Development in Security Information and Event Management Market.

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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.

The overall Security Information and Event Management market size has been derived using both primary and secondary source. The research process begins with exhaustive secondary research using internal and external sources to obtain qualitative and quantitative information related to the Security Information and Event Management market. Also, multiple primary interviews were conducted with industry participants and commentators in order to validate data and analysis. The participants who typically take part in such a process include industry expert such as VPs, business development managers, market intelligence managers, and national sales managers, and external consultants such as valuation experts, research analysts, and key opinion leaders specializing in the Security Information and Event Management industry.

TABLE OF CONTENTS

1. INTRODUCTION
1.1 SCOPE OF THE STUDY
1.2 THE INSIGHT PARTNERS RESEARCH 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 and 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

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About Author

Partha Ray    

Partha Ray

Partha is into digital marketing since the last 3 years and has worked on multiple projects across various industries. An Computer Science engineer by education, he has prior experience in software development. His other interests include playing cricket & Hockey.

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