Security Information and Event Management Market Overview, Top Manufacturers, Industry Growth Analysis and Forecast to 2027
Market Insight
The global security information and event management
market 2020 is planning to prepare for surge its investment in funds as
it seeks to hit a 14.6% hike target in the face of the economic slowdown caused
by the Coronavirus deadly disease. The figures are accumulated by Market
Research Future that focuses on the study on security information and event
management market and comes out to be gaining USD 3.89 billion by the end of
2027. The growth period is calculated to be between 2020 and 2027.
Top Impacting Factors
Security information and event management has become imperative
for running a business impeccably. The security information and event
management software permits its end-users to implement event forensics in case
of a security breach by examining particular log for that event. Security
information and event management solution are being deployed by a rising number
of organizations not only for regulatory compliance but also to threat
management by monitoring and detecting the first security breach in an IT
system. These have been some of the essential factors leading the security
information and event management market to a great extent.
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Currently, organizations are failing to succeed in identifying the
targeted attacks and compliance breaches due to work from home approach due to
the impact of Coronavirus globally. Thus, there is a requirement that can be
met by improved and enhanced threat intelligence. Therefore, to better utilize
real-time monitoring, organizations are trying to expand their security
information and event management solution deployments for employees working
from home. Due to this reason, security information and event management
vendors have started focusing on the development of technology implementations
with new as well as present customer accounts and showcasing product as a
platform by offering security and application analytics. All these factors are
making the security information and event management market to stay stable
during COVID 19 pandemic.
MRFR also digs into the fact, some more key factors responsible
for the growth of security information and event management market in coming
years include the growing level of sophistication in cybercrimes and mounting
compliance and regulatory mandates.
On the contrary, the factor of high deployment cost and
scalability of security information and event management solutions may decline
the growth of the market for the future timeframe.
Leading Segments
The security information and event management market can be
briefly segmented into solution, service, organization size, and vertical.
In terms of solution, global security information and event
management has included patch management, log and event management, and
firewall security management.
In terms of service, global security information and event
management has included professional service and managed service. Among these,
professional service has further included consulting service, integration and
deployment service, and maintenance & support service.
In terms of organization size, the security information and event
management has included large, small and medium-sized enterprises.
In terms of vertical, the security information and event
management has included IT & telecommunication, BFSI, retail, healthcare,
utilities, and others.
Leading Regions
Region-wise, the security information and event management market
is studied among the main regions of Europe, North America, Asia-Pacific, and
rest of the world.
Among the regions mentioned, North America might lead with the
largest market share during the assessment period. The foremost factor
contributing to the growth of security information and event management market
is the rapid advancement in security technologies and end-user application.
Moreover, the US grabs nearly 75-80% of the foremost vital players operating in
this market. North America is followed by Asia-Pacific and Europe with having
nearly 22% and 18% market share.
Top Industry Players
The top industry players in the security information and event
management market are Hewlett Packard Enterprise Company (US), Dell EMC (US),
Logrhythm Inc (US), IBM Corporation (US), Solarwinds Inc (US), McAfee LLC (US),
Symantec Corporation (US), Splunk Inc (US), Trustwave Holdings Inc (US),
TrendMicro Inc (Japan), and TIBCO Software Inc (US).
Table of Contents
1 Executive Summary
2 Scope of The Report
2.1 Market Definition
2.2 Scope of The Study
2.2.1 Research Objectives
2.2.2 Assumptions & Limitations
2.3 Market Structure
Continued…
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