LONDON--(BUSINESS WIRE)--Technavio has been monitoring the global security information and event management (SIEM) market size and it is poised to grow by USD 3.94 billion during 2020-2024, progressing at a CAGR of over 12% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.
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Frequently Asked Questions:
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Based on segmentation by deployment, which is the leading segment in the market?
The on-premises segment is leading the global SIEM market.
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What are the major trends in the market?
The increased use of mobile devices is a key trend in the market.
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At what rate is the market projected to grow?
The market is expected to grow at a CAGR of over 12% during the forecast period.
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Who are the top players in the market?
Broadcom Inc., Dell Technologies Inc., Fortinet Inc., Hewlett Packard Enterprise Co., International Business Machines Corp., LogRhythm Inc., McAfee LLC, Micro Focus International Plc, SolarWinds Corp., and Splunk Inc. are some of the major market participants.
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What are the key market drivers and challenges?
The increase in cybercrime is expected to drive the growth of the market. However, the threat from open-source SIEM software will pose challenges for vendors.
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How big is the North America market?
North America segment will contribute 26% of the market growth.
The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. Broadcom Inc., Dell Technologies Inc., Fortinet Inc., Hewlett Packard Enterprise Co., International Business Machines Corp., LogRhythm Inc., McAfee LLC, Micro Focus International Plc, SolarWinds Corp., and Splunk Inc. are some of the major market participants. Although the increase in cybercrime will offer immense growth opportunities, the threat from open-source SIEM software might hamper market growth. To make most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
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Security Information and Event Management (SIEM) Market 2020-2024: Segmentation
Security Information and Event Management (SIEM) Market is segmented as below:
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End-user
- Government
- BFSI
- Telecom
- Healthcare
- Others
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Geography
- North America
- Europe
- APAC
- South America
- MEA
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Deployment
- On-premise SIEM
- SaaS-based SIEM
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Security Information and Event Management (SIEM) Market 2020-2024: Scope
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. The security information and event management (SIEM) market report covers the following areas:
- Security Information and Event Management (SIEM) Market Size
- Security Information and Event Management (SIEM) Market Trends
- Security Information and Event Management (SIEM) Market Industry Analysis
This study identifies the increased use of mobile devices as one of the prime reasons driving the Security Information and Event Management (SIEM) Market growth during the next few years.
Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Technavio’s in-depth research has direct and indirect COVID-19 impacted market research reports.
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Security Information and Event Management (SIEM) Market 2020-2024: Key Highlights
- CAGR of the market during the forecast period 2020-2024
- Detailed information on factors that will assist security information and event management (SIEM) market growth during the next five years
- Estimation of the security information and event management (SIEM) market size and its contribution to the parent market
- Predictions on upcoming trends and changes in consumer behavior
- The growth of the security information and event management (SIEM) market
- Analysis of the market’s competitive landscape and detailed information on vendors
- Comprehensive details of factors that will challenge the growth of security information and event management (SIEM) market vendors
Table of Contents:
Executive Summary
- Market Overview
Market Landscape
- Market ecosystem
- Value chain analysis
Market Sizing
- Market definition
- Market segment analysis
- Market size 2019
- Market outlook: Forecast for 2019 - 2024
Five Forces Analysis
- Bargaining power of buyers
- Bargaining power of suppliers
- Threat of new entrants
- Threat of substitutes
- Threat of rivalry
- Market condition
Market Segmentation by End-user
- Market segments
- Comparison by End user
- Government - Market size and forecast 2019-2024
- BFSI - Market size and forecast 2019-2024
- Telecom - Market size and forecast 2019-2024
- Healthcare - Market size and forecast 2019-2024
- Others - Market size and forecast 2019-2024
- Market opportunity by End user
Market Segmentation by Deployment
- Market segments
- Comparison by Deployment
- On-premises SIEM - Market size and forecast 2019-2024
- SaaS-based SIEM - Market size and forecast 2019-2024
- Market opportunity by Deployment
Customer landscape
- Overview
Geographic Landscape
- Geographic segmentation
- Geographic comparison
- North America - Market size and forecast 2019-2024
- Europe - Market size and forecast 2019-2024
- APAC - Market size and forecast 2019-2024
- South America - Market size and forecast 2019-2024
- MEA - Market size and forecast 2019-2024
- Key leading countries
- Market opportunity by geography
Drivers, Challenges, and Trends
- Market drivers
- Market challenges
- Market trends
Vendor Landscape
- Overview
- Landscape disruption
Vendor Analysis
- Vendors covered
- Market positioning of vendors
- Broadcom Inc.
- Dell Technologies Inc.
- Fortinet Inc.
- Hewlett Packard Enterprise Co.
- International Business Machines Corp.
- LogRhythm Inc.
- McAfee LLC
- Micro Focus International Plc
- SolarWinds Corp.
- Splunk Inc.
Appendix
- Scope of the report
- Currency conversion rates for US$
- Research methodology
- List of abbreviations
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