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Security Information and Event Management (SIEM) Market Report by Component (Solution, Services), Deployment Mode (On-premises, Cloud-based), Organization Size (Small and Medium-sized Enterprises, Large Enterprises), Application (Log Management and Reporting, Threat Intelligence, Security Analytics, and Others), Industry Vertical (BFSI, Government, IT and Telecom, Manufacturing, Healthcare, Retail, Energy and Utilities, and Others), and Region 2024-2032

April 2024 | 138 pages | ID: SF8886DB7E5EEN
IMARC Group

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The global security information and event management (SIEM) market size reached US$ 5.8 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 14.0 Billion by 2032, exhibiting a growth rate (CAGR) of 10% during 2024-2032.

Security information and event management (SIEM) refers to the process of aggregating, storing, and analyzing several events that are generated through the technological infrastructure of organizations. It is commonly utilized for log management and reporting, threat intelligence, security analytics, behavior profiling, and database management. Event discovery and correlation enhance the speed of network event monitoring by consolidating error logs and alerts into a unified solution. As a result, SIEM is widely employed across numerous industries, such as BFSI, IT and telecom, healthcare, retail, energy and utilities, etc.

Security Information and Event Management (SIEM) Market Trends:
The growing need for advanced security solutions that help organizations to recognize potential threats and vulnerabilities is primarily driving the global security information and event management market. In addition to this, the widespread adoption of SIEM for the segregation of threat alerts based on priority, triaging, and automated response is also catalyzing the market growth. Furthermore, the increasing focus on comprehensive IT governance policies, such as GDPR (General Data Protection Regulation), and compliance with the regulatory framework is augmenting the global market. Apart from this, the rising penetration of cloud-based technology to simplify digital banking processes and reduce associated risks with on-premises security solutions is further creating a positive outlook for the SIEM market. Moreover, the emerging popularity of remote working models, SaaS applications, and the BYOD (Bring Your Own Device) trend is stimulating the requirement for network visibility to mitigate risks from outside the traditional network perimeter. This, in turn, is acting as another significant growth-inducing factor. Beside this, the escalating demand for actionable intelligence to minimize data loss and assist in the prioritization of network-based paradigms is also fueling the SIEM market. Additionally, the introduction of next-gen SIEM solutions integrated with powerful Security Orchestration, Automation, and Response (SOAR) capabilities that handle complex threat identification and incident response protocols in significantly less time than physical teams is projected to drive the global security information and event management market in the coming years.

Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global security information and event management (SIEM) market report, along with forecasts at the global, regional and country level from 2024-2032. Our report has categorized the market based on component, deployment mode, organization size, application and industry vertical.

Breakup by Component:

Solution
Services

Breakup by Deployment Mode:

On-premises
Cloud-based

Breakup by Organization Size:

Small and Medium-sized Enterprises
Large Enterprises

Breakup by Application:

Log Management and Reporting
Threat Intelligence
Security Analytics
Others

Breakup by Industry Vertical:

BFSI
Government
IT and Telecom
Manufacturing
Healthcare
Retail
Energy and Utilities
Others

Breakup by Region:

North America
United States
Canada
Asia-Pacific
China
Japan
India
South Korea
Australia
Indonesia
Others
Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Others
Latin America
Brazil
Mexico
Others
Middle East and Africa

Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players being AT&T Inc., Exabeam, Inc., Fortinet, Inc., Hewlett Packard Enterprise Development LP, International Business Machines Corporation, Logpoint A/S, Logrhythm, Inc., McAfee Corp., Micro Focus International plc, Solarwinds Corporation, Splunk Inc. and Trend Micro Inc.

Key Questions Answered in This Report

1. What was the size of the global Security Information and Event Management (SIEM) market in 2023?
2. What is the expected growth rate of the global Security Information and Event Management (SIEM) market during 2024-2032?
3. What are the key factors driving the global Security Information and Event Management (SIEM) market?
4. What has been the impact of COVID-19 on the global Security Information and Event Management (SIEM) market?
5. What is the breakup of the global Security Information and Event Management (SIEM) market based on the component?
6. What is the breakup of the global Security Information and Event Management (SIEM) market based on the deployment mode?
7. What is the breakup of the global Security Information and Event Management (SIEM) market based on organization size?
8. What is the breakup of the global Security Information and Event Management (SIEM) market based on the industry vertical?
9. What are the key regions in the global Security Information and Event Management (SIEM) market?
10. Who are the key players/companies in the global Security Information and Event Management (SIEM) market?
1 PREFACE

2 SCOPE AND METHODOLOGY

2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
  2.3.1 Primary Sources
  2.3.2 Secondary Sources
2.4 Market Estimation
  2.4.1 Bottom-Up Approach
  2.4.2 Top-Down Approach
2.5 Forecasting Methodology

3 EXECUTIVE SUMMARY

4 INTRODUCTION

4.1 Overview
4.2 Key Industry Trends

5 GLOBAL SECURITY INFORMATION AND EVENT MANAGEMENT (SIEM) MARKET

5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Forecast

6 MARKET BREAKUP BY COMPONENT

6.1 Solution
  6.1.1 Market Trends
  6.1.2 Market Forecast
6.2 Services
  6.2.1 Market Trends
  6.2.2 Market Forecast

7 MARKET BREAKUP BY DEPLOYMENT MODE

7.1 On-premises
  7.1.1 Market Trends
  7.1.2 Market Forecast
7.2 Cloud-based
  7.2.1 Market Trends
  7.2.2 Market Forecast

8 MARKET BREAKUP BY ORGANIZATION SIZE

8.1 Small and Medium-sized Enterprises
  8.1.1 Market Trends
  8.1.2 Market Forecast
8.2 Large Enterprises
  8.2.1 Market Trends
  8.2.2 Market Forecast

9 MARKET BREAKUP BY APPLICATION

9.1 Log Management and Reporting
  9.1.1 Market Trends
  9.1.2 Market Forecast
9.2 Threat Intelligence
  9.2.1 Market Trends
  9.2.2 Market Forecast
9.3 Security Analytics
  9.3.1 Market Trends
  9.3.2 Market Forecast
9.4 Others
  9.4.1 Market Trends
  9.4.2 Market Forecast

10 MARKET BREAKUP BY INDUSTRY VERTICAL

10.1 BFSI
  10.1.1 Market Trends
  10.1.2 Market Forecast
10.2 Government
  10.2.1 Market Trends
  10.2.2 Market Forecast
10.3 IT and Telecom
  10.3.1 Market Trends
  10.3.2 Market Forecast
10.4 Manufacturing
  10.4.1 Market Trends
  10.4.2 Market Forecast
10.5 Healthcare
  10.5.1 Market Trends
  10.5.2 Market Forecast
10.6 Retail
  10.6.1 Market Trends
  10.6.2 Market Forecast
10.7 Energy and Utilities
  10.7.1 Market Trends
  10.7.2 Market Forecast
10.8 Others
  10.8.1 Market Trends
  10.8.2 Market Forecast

11 MARKET BREAKUP BY REGION

11.1 North America
  11.1.1 United States
    11.1.1.1 Market Trends
    11.1.1.2 Market Forecast
  11.1.2 Canada
    11.1.2.1 Market Trends
    11.1.2.2 Market Forecast
11.2 Asia-Pacific
  11.2.1 China
    11.2.1.1 Market Trends
    11.2.1.2 Market Forecast
  11.2.2 Japan
    11.2.2.1 Market Trends
    11.2.2.2 Market Forecast
  11.2.3 India
    11.2.3.1 Market Trends
    11.2.3.2 Market Forecast
  11.2.4 South Korea
    11.2.4.1 Market Trends
    11.2.4.2 Market Forecast
  11.2.5 Australia
    11.2.5.1 Market Trends
    11.2.5.2 Market Forecast
  11.2.6 Indonesia
    11.2.6.1 Market Trends
    11.2.6.2 Market Forecast
  11.2.7 Others
    11.2.7.1 Market Trends
    11.2.7.2 Market Forecast
11.3 Europe
  11.3.1 Germany
    11.3.1.1 Market Trends
    11.3.1.2 Market Forecast
  11.3.2 France
    11.3.2.1 Market Trends
    11.3.2.2 Market Forecast
  11.3.3 United Kingdom
    11.3.3.1 Market Trends
    11.3.3.2 Market Forecast
  11.3.4 Italy
    11.3.4.1 Market Trends
    11.3.4.2 Market Forecast
  11.3.5 Spain
    11.3.5.1 Market Trends
    11.3.5.2 Market Forecast
  11.3.6 Russia
    11.3.6.1 Market Trends
    11.3.6.2 Market Forecast
  11.3.7 Others
    11.3.7.1 Market Trends
    11.3.7.2 Market Forecast
11.4 Latin America
  11.4.1 Brazil
    11.4.1.1 Market Trends
    11.4.1.2 Market Forecast
  11.4.2 Mexico
    11.4.2.1 Market Trends
    11.4.2.2 Market Forecast
  11.4.3 Others
    11.4.3.1 Market Trends
    11.4.3.2 Market Forecast
11.5 Middle East and Africa
  11.5.1 Market Trends
  11.5.2 Market Breakup by Country
  11.5.3 Market Forecast

12 SWOT ANALYSIS

12.1 Overview
12.2 Strengths
12.3 Weaknesses
12.4 Opportunities
12.5 Threats

13 VALUE CHAIN ANALYSIS

14 PORTERS FIVE FORCES ANALYSIS

14.1 Overview
14.2 Bargaining Power of Buyers
14.3 Bargaining Power of Suppliers
14.4 Degree of Competition
14.5 Threat of New Entrants
14.6 Threat of Substitutes

15 PRICE ANALYSIS

16 COMPETITIVE LANDSCAPE

16.1 Market Structure
16.2 Key Players
16.3 Profiles of Key Players
  16.3.1 AT&T Inc.
    16.3.1.1 Company Overview
    16.3.1.2 Product Portfolio
    16.3.1.3 Financials
    16.3.1.4 SWOT Analysis
  16.3.2 Exabeam Inc.
    16.3.2.1 Company Overview
    16.3.2.2 Product Portfolio
  16.3.3 Fortinet Inc.
    16.3.3.1 Company Overview
    16.3.3.2 Product Portfolio
    16.3.3.3 Financials
    16.3.3.4 SWOT Analysis
  16.3.4 Hewlett Packard Enterprise Development LP
    16.3.4.1 Company Overview
    16.3.4.2 Product Portfolio
    16.3.4.3 Financials
    16.3.4.4 SWOT Analysis
  16.3.5 International Business Machines Corporation
    16.3.5.1 Company Overview
    16.3.5.2 Product Portfolio
    16.3.5.3 Financials
    16.3.5.4 SWOT Analysis
  16.3.6 Logpoint A/S
    16.3.6.1 Company Overview
    16.3.6.2 Product Portfolio
  16.3.7 Logrhythm Inc.
    16.3.7.1 Company Overview
    16.3.7.2 Product Portfolio
  16.3.8 McAfee Corp.
    16.3.8.1 Company Overview
    16.3.8.2 Product Portfolio
  16.3.9 Micro Focus International plc
    16.3.9.1 Company Overview
    16.3.9.2 Product Portfolio
    16.3.9.3 Financials
  16.3.10 Solarwinds Corporation
    16.3.10.1 Company Overview
    16.3.10.2 Product Portfolio
    16.3.10.3 Financials
  16.3.11 Splunk Inc.
    16.3.11.1 Company Overview
    16.3.11.2 Product Portfolio
    16.3.11.3 Financials
    16.3.11.4 SWOT Analysis
  16.3.12 Trend Micro Inc.
    16.3.12.1 Company Overview
    16.3.12.2 Product Portfolio
    16.3.12.3 Financials
    16.3.12.4 SWOT Analysis

LIST OF TABLES

Table 1: Global: Security Information and Event Management Market: Key Industry Highlights, 2023 & 2032
Table 2: Global: Security Information and Event Management Market Forecast: Breakup by Component (in Million US$), 2024-2032
Table 3: Global: Security Information and Event Management Market Forecast: Breakup by Deployment Mode (in Million US$), 2024-2032
Table 4: Global: Security Information and Event Management Market Forecast: Breakup by Organization Size (in Million US$), 2024-2032
Table 5: Global: Security Information and Event Management Market Forecast: Breakup by Application (in Million US$), 2024-2032
Table 6: Global: Security Information and Event Management Market Forecast: Breakup by Industry Vertical (in Million US$), 2024-2032
Table 7: Global: Security Information and Event Management Market Forecast: Breakup by Region (in Million US$), 2024-2032
Table 8: Global: Security Information and Event Management Market: Competitive Structure
Table 9: Global: Security Information and Event Management Market: Key Players

LIST OF FIGURES

Figure 1: Global: Security Information and Event Management Market: Major Drivers and Challenges
Figure 2: Global: Security Information and Event Management Market: Sales Value (in Billion US$), 2018-2023
Figure 3: Global: Security Information and Event Management Market Forecast: Sales Value (in Billion US$), 2024-2032
Figure 4: Global: Security Information and Event Management Market: Breakup by Component (in %), 2023
Figure 5: Global: Security Information and Event Management Market: Breakup by Deployment Mode (in %), 2023
Figure 6: Global: Security Information and Event Management Market: Breakup by Organization Size (in %), 2023
Figure 7: Global: Security Information and Event Management Market: Breakup by Application (in %), 2023
Figure 8: Global: Security Information and Event Management Market: Breakup by Industry Vertical (in %), 2023
Figure 9: Global: Security Information and Event Management Market: Breakup by Region (in %), 2023
Figure 10: Global: Security Information and Event Management (Solution) Market: Sales Value (in Million US$), 2018 & 2023
Figure 11: Global: Security Information and Event Management (Solution) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 12: Global: Security Information and Event Management (Services) Market: Sales Value (in Million US$), 2018 & 2023
Figure 13: Global: Security Information and Event Management (Services) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 14: Global: Security Information and Event Management (On-premises) Market: Sales Value (in Million US$), 2018 & 2023
Figure 15: Global: Security Information and Event Management (On-premises) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 16: Global: Security Information and Event Management (Cloud-based) Market: Sales Value (in Million US$), 2018 & 2023
Figure 17: Global: Security Information and Event Management (Cloud-based) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 18: Global: Security Information and Event Management (Small and Medium-sized Enterprises) Market: Sales Value (in Million US$), 2018 & 2023
Figure 19: Global: Security Information and Event Management (Small and Medium-sized Enterprises) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 20: Global: Security Information and Event Management (Large Enterprises) Market: Sales Value (in Million US$), 2018 & 2023
Figure 21: Global: Security Information and Event Management (Large Enterprises) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 22: Global: Security Information and Event Management (Log Management and Reporting) Market: Sales Value (in Million US$), 2018 & 2023
Figure 23: Global: Security Information and Event Management (Log Management and Reporting) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 24: Global: Security Information and Event Management (Threat Intelligence) Market: Sales Value (in Million US$), 2018 & 2023
Figure 25: Global: Security Information and Event Management (Threat Intelligence) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 26: Global: Security Information and Event Management (Security Analytics) Market: Sales Value (in Million US$), 2018 & 2023
Figure 27: Global: Security Information and Event Management (Security Analytics) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 28: Global: Security Information and Event Management (Other Applications) Market: Sales Value (in Million US$), 2018 & 2023
Figure 29: Global: Security Information and Event Management (Other Applications) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 30: Global: Security Information and Event Management (BFSI) Market: Sales Value (in Million US$), 2018 & 2023
Figure 31: Global: Security Information and Event Management (BFSI) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 32: Global: Security Information and Event Management (Government) Market: Sales Value (in Million US$), 2018 & 2023
Figure 33: Global: Security Information and Event Management (Government) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 34: Global: Security Information and Event Management (IT and Telecom) Market: Sales Value (in Million US$), 2018 & 2023
Figure 35: Global: Security Information and Event Management (IT and Telecom) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 36: Global: Security Information and Event Management (Manufacturing) Market: Sales Value (in Million US$), 2018 & 2023
Figure 37: Global: Security Information and Event Management (Manufacturing) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 38: Global: Security Information and Event Management (Healthcare) Market: Sales Value (in Million US$), 2018 & 2023
Figure 39: Global: Security Information and Event Management (Healthcare) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 40: Global: Security Information and Event Management (Retail) Market: Sales Value (in Million US$), 2018 & 2023
Figure 41: Global: Security Information and Event Management (Retail) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 42: Global: Security Information and Event Management (Energy and Utilities) Market: Sales Value (in Million US$), 2018 & 2023
Figure 43: Global: Security Information and Event Management (Energy and Utilities) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 44: Global: Security Information and Event Management (Other Industry Verticals) Market: Sales Value (in Million US$), 2018 & 2023
Figure 45: Global: Security Information and Event Management (Other Industry Verticals) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 46: North America: Security Information and Event Management Market: Sales Value (in Million US$), 2018 & 2023
Figure 47: North America: Security Information and Event Management Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 48: United States: Security Information and Event Management Market: Sales Value (in Million US$), 2018 & 2023
Figure 49: United States: Security Information and Event Management Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 50: Canada: Security Information and Event Management Market: Sales Value (in Million US$), 2018 & 2023
Figure 51: Canada: Security Information and Event Management Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 52: Asia-Pacific: Security Information and Event Management Market: Sales Value (in Million US$), 2018 & 2023
Figure 53: Asia-Pacific: Security Information and Event Management Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 54: China: Security Information and Event Management Market: Sales Value (in Million US$), 2018 & 2023
Figure 55: China: Security Information and Event Management Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 56: Japan: Security Information and Event Management Market: Sales Value (in Million US$), 2018 & 2023
Figure 57: Japan: Security Information and Event Management Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 58: India: Security Information and Event Management Market: Sales Value (in Million US$), 2018 & 2023
Figure 59: India: Security Information and Event Management Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 60: South Korea: Security Information and Event Management Market: Sales Value (in Million US$), 2018 & 2023
Figure 61: South Korea: Security Information and Event Management Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 62: Australia: Security Information and Event Management Market: Sales Value (in Million US$), 2018 & 2023
Figure 63: Australia: Security Information and Event Management Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 64: Indonesia: Security Information and Event Management Market: Sales Value (in Million US$), 2018 & 2023
Figure 65: Indonesia: Security Information and Event Management Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 66: Others: Security Information and Event Management Market: Sales Value (in Million US$), 2018 & 2023
Figure 67: Others: Security Information and Event Management Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 68: Europe: Security Information and Event Management Market: Sales Value (in Million US$), 2018 & 2023
Figure 69: Europe: Security Information and Event Management Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 70: Germany: Security Information and Event Management Market: Sales Value (in Million US$), 2018 & 2023
Figure 71: Germany: Security Information and Event Management Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 72: France: Security Information and Event Management Market: Sales Value (in Million US$), 2018 & 2023
Figure 73: France: Security Information and Event Management Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 74: United Kingdom: Security Information and Event Management Market: Sales Value (in Million US$), 2018 & 2023
Figure 75: United Kingdom: Security Information and Event Management Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 76: Italy: Security Information and Event Management Market: Sales Value (in Million US$), 2018 & 2023
Figure 77: Italy: Security Information and Event Management Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 78: Spain: Security Information and Event Management Market: Sales Value (in Million US$), 2018 & 2023
Figure 79: Spain: Security Information and Event Management Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 80: Russia: Security Information and Event Management Market: Sales Value (in Million US$), 2018 & 2023
Figure 81: Russia: Security Information and Event Management Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 82: Others: Security Information and Event Management Market: Sales Value (in Million US$), 2018 & 2023
Figure 83: Others: Security Information and Event Management Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 84: Latin America: Security Information and Event Management Market: Sales Value (in Million US$), 2018 & 2023
Figure 85: Latin America: Security Information and Event Management Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 86: Brazil: Security Information and Event Management Market: Sales Value (in Million US$), 2018 & 2023
Figure 87: Brazil: Security Information and Event Management Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 88: Mexico: Security Information and Event Management Market: Sales Value (in Million US$), 2018 & 2023
Figure 89: Mexico: Security Information and Event Management Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 90: Others: Security Information and Event Management Market: Sales Value (in Million US$), 2018 & 2023
Figure 91: Others: Security Information and Event Management Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 92: Middle East and Africa: Security Information and Event Management Market: Sales Value (in Million US$), 2018 & 2023
Figure 93: Middle East and Africa: Security Information and Event Management Market: Breakup by Country (in %), 2023
Figure 94: Middle East and Africa: Security Information and Event Management Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 95: Global: Security Information and Event Management Industry: SWOT Analysis
Figure 96: Global: Security Information and Event Management Industry: Value Chain Analysis
Figure 97: Global: Security Information and Event Management Industry: Porter's Five Forces Analysis


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