Security Information and Event Management Market by Product - Global Opportunity Analysis and Industry Forecast, 2014-2022

  • ID: 4333244
  • Report
  • Region: Global
  • 140 pages
  • Allied Analytics LLP
1 of 5

FEATURED COMPANIES

  • Dell Emc
  • Ibm Corporation
  • Logrhythm, Inc.
  • Mcafee Llc.
  • Solarwinds, Inc.
  • Splunk, Inc.
  • MORE
Security information and event management (SIEM) is a combination of security information management (SIM) and security event management (SEM). It is an approach toward security management that provides real-time analysis of the security alerts by applications and network hardware. It deals with correlation of events, real-time monitoring, console view, and notifications. SIEM has the capability of data aggregation, alert production, correlation, pattern detection, forensic analysis, and others. It eliminates threats at a faster speed with instantaneous detection of suspicious activities and automatically responds to compliance and mitigation.

The global SIEM market is attributed to regulatory compliance management such as the Payment Card Industry Data Security Standard (PCI DSS), Health Insurance Portability and Accountability Act (HIPAA), and the Sarbanes-Oxley Act (SOX). Rise in concerns over IT security has urged organizations to seek more capable defense system. In addition, growth in adoption of Bring Your Own Devices (BYOD) and enterprise mobility drive the growth of the global SIEM market. Next-generation SIEM systems for anomaly detection are expected to offer growth opportunities for the SIEM technology in the near future. However, high cost of ownership of the SIEM, complexity of SIEM products, and inconvenience in demonstration of the return of investments (ROI) for network and IT administrators hamper the growth of global SIEM industry.

The global SIEM market is segmented based on product, enterprise size, vertical, and geography. Based on product, it is divided into solution and services. As per enterprise size, it is classified into large, medium, and small enterprise. Based on vertical, the global SIEM industry is categorized into banking, financial services, and insurance (BFSI); government; IT & telecom; healthcare; retail; utilities; and others. Based on geography, itis studied across four regions, including North America, Europe, Asia-Pacific, and LAMEA.

The key market players offering SIEM include Dell EMC, Hewlett Packard Enterprise Company, IBM Corporation, LogRhythm, Inc., McAfee LLC., SolarWinds, Inc., Splunk, Inc., Symantec Corporation, Trend Micro, Inc., and Trustwave Holdings Inc.

KEY BENEFITS

In-depth analysis of the global SIEM market and dynamics is provided to understand the market scenario.
Quantitative analysis of the current trends and future estimations from 2017 to 2023 is provided to assist strategists and stakeholders to capitalize on prevailing opportunities.
Porter’s Five Forces analysis examines the competitive structure of the security information and event management market and provides a clear understanding of the factors that influence the market entry and expansion.
A detailed analysis of the geographical segments enables identification of profitable segments for market players.
Comprehensive analyses of the trends, sub-segments, and key revenue pockets are provided.
Detailed analyses of the key players and their business strategies are anticipated to assist stakeholders to take informed business decisions.

KEY MARKET SEGMENTS

By Product

Solution
Services

By Enterprise Size

Large Enterprise
Medium Enterprise
Small Enterprise

By Vertical

BFSI
Government
IT & Telecom
Healthcare
Retail
Utilities
Others

By Geography

North America
U.S.
Canada
Mexico
Europe
UK
Germany
France
Russia
Rest of Europe
Asia-Pacific
Australia
China
India
Japan
Rest of Asia-Pacific
LAMEA
Latin America
Middle East
Africa

The key players profiled in the report are as follows:

Dell EMC
Hewlett Packard Enterprise Company
IBM Corporation
LogRhythm, Inc.
McAfee LLC.
SolarWinds, Inc.
Splunk, Inc.
Symantec Corporation
Trend Micro, Inc.
Trustwave Holdings Inc.
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Note: Product cover images may vary from those shown
2 of 5

FEATURED COMPANIES

  • Dell Emc
  • Ibm Corporation
  • Logrhythm, Inc.
  • Mcafee Llc.
  • Solarwinds, Inc.
  • Splunk, Inc.
  • MORE
CHAPTER 1 INTRODUCTION

1.1. REPORT DESCRIPTION
1.2. KEY BENEFITS
1.3. KEY MARKET SEGMENTS
1.4. RESEARCH METHODOLOGY

1.4.1. Primary research
1.4.2. Secondary research
1.4.3. Analyst tools and models
1.4.4. Market segmentation

CHAPTER 2 EXECUTIVE SUMMARY

2.1. CXO PERSPECTIVE

CHAPTER 3 MARKET OVERVIEW

3.1. MARKET DEFINITION AND SCOPE
3.2. KEY FINDINGS

3.2.1. Top winning strategies
3.2.2. Top investment pockets
3.2.3. Top impacting factors

3.3. PORTERS FIVE FORCES

3.3.1. Bargaining power of buyers
3.3.2. Bargaining power of suppliers
3.3.3. Degree of competition
3.3.4. Threat of new entrants
3.3.5. Threat of substitute

3.4. MARKET PLAYER POSITIONING
3.5. MARKET DYNAMICS

3.5.1. Drivers

3.5.1.1. Rising concerns over IT security
3.5.1.2. Growing adoption of BYOD trend
3.5.1.3. Continual threat of cybercrimes
3.5.1.4. Supportive IT governance and regulatory compliance

3.5.2. Restraints

3.5.2.1. Complexity of SIEM solutions
3.5.2.2. High cost of ownerships
3.5.2.3. Inconvenience in demonstrating ROI

3.5.3. Opportunities

3.5.3.1. Anomaly detection by next generation SIEM

CHAPTER 4 GLOBAL SECURITY INFORMATION AND EVENT MANAGEMENT MARKET, BY PRODUCT

4.1. OVERVIEW
4.2. SOLUTION

4.2.1. Key market trends
4.2.2. Key growth factors and opportunities
4.2.3. Market size and forecast

4.3. SERVICES

4.3.1. Key market trends
4.3.2. Key growth factors and opportunities
4.3.3. Market size and forecast

CHAPTER 5 GLOBAL SECURITY INFORMATION AND EVENT MANAGEMENT MARKET, BY ENTERPRISE SIZE

5.1. OVERVIEW
5.2. LARGE ENTERPRISE

5.2.1. Key market trends
5.2.2. Key growth factors and opportunities
5.2.3. Market size and forecast

5.3. MEDIUM ENTERPRISE

5.3.1. Key market trends
5.3.2. Key growth factors and opportunities
5.3.3. Market size and forecast

5.4. SMALL ENTERPRISE

5.4.1. Key market trends
5.4.2. Key growth factors and opportunities
5.4.3. Market size and forecast

CHAPTER 6 GLOBAL SECURITY INFORMATION AND EVENT MANAGEMENT MARKET, BY VERTICAL

6.1. OVERVIEW
6.2. BFSI

6.2.1. Key market trends
6.2.2. Key growth factors and opportunities
6.2.3. Market size and forecast

6.3. GOVERNMENT

6.3.1. Key market trends
6.3.2. Key growth factors and opportunities
6.3.3. Market size and forecast

6.4. IT & TELECOM

6.4.1. Key market trends
6.4.2. Key growth factors and opportunities
6.4.3. Market size and forecast

6.5. HEALTHCARE

6.5.1. Key market trends
6.5.2. Key growth factors and opportunities
6.5.3. Market size and forecast

6.6. RETAIL

6.6.1. Key market trends
6.6.2. Key growth factors and opportunities
6.6.3. Market size and forecast

6.7. UTILITIES

6.7.1. Key market trends
6.7.2. Key growth factors and opportunities
6.7.3. Market size and forecast

6.8. OTHERS

6.8.1. Key market trends
6.8.2. Key growth factors and opportunities
6.8.3. Market size and forecast

CHAPTER 7 SECURITY INFORMATION AND EVENT MANAGEMENT MARKET, BY GEOGRAPHY

7.1. OVERVIEW
7.2. NORTH AMERICA

7.2.1. Key trends
7.2.2. Key growth factors and opportunities
7.2.3. Market size and forecast
7.2.4. U.S.

7.2.4.1. Market size and forecast

7.2.5. Canada

7.2.5.1. Market size and forecast

7.2.6. Mexico

7.2.6.1. Market size and forecast

7.3. EUROPE

7.3.1. Key market trends
7.3.2. Key growth factors and opportunities
7.3.3. Market size and forecast
7.3.4. UK

7.3.4.1. Market size and forecast

7.3.5. Germany

7.3.5.1. Market size and forecast

7.3.6. France

7.3.6.1. Market size and forecast

7.3.7. Russia

7.3.7.1. Market size and forecast

7.3.8. Rest of Europe

7.3.8.1. Market size and forecast

7.4. ASIA-PACIFIC

7.4.1. Key market trends
7.4.2. Key growth factors and opportunities
7.4.3. Market size and forecast
7.4.4. Australia

7.4.4.1. Market size and forecast

7.4.5. China

7.4.5.1. Market size and forecast

7.4.6. India

7.4.6.1. Market size and forecast

7.4.7. Japan

7.4.7.1. Market size and forecast

7.4.8. Rest of Asia-Pacific

7.4.8.1. Market size and forecast

7.5. LAMEA

7.5.1. Key market trends
7.5.2. Key growth factors and opportunities
7.5.3. Market size and forecast
7.5.4. Latin America

7.5.4.1. Market size and forecast

7.5.5. Middle East

7.5.5.1. Market size and forecast

7.5.6. Africa

7.5.6.1. Market size and forecast

CHAPTER 8 COMPANY PROFILES

8.1. DELL EMC

8.1.1. Company overview
8.1.2. Company snapshot
8.1.3. Business performance
8.1.4. Key strategic moves & developments

8.2. HEWLETT PACKARD ENTERPRISE COMPANY

8.2.1. Company overview
8.2.2. Company snapshot
8.2.3. Business performance
8.2.4. Key strategic moves & developments

8.3. INTERNATIONAL BUSINESS MACHINE CORPORATION

8.3.1. Company overview
8.3.2. Company snapshot
8.3.3. Business performance
8.3.4. Key strategic moves & developments

8.4. LOGRHYTHM, INC

8.4.1. Company overview
8.4.2. Company snapshot
8.4.3. Business performance
8.4.4. Key strategic moves & developments

8.5. MCAFEE LLC

8.5.1. Company overview
8.5.2. Company snapshot
8.5.3. Business performance
8.5.4. Key strategic moves & developments

8.6. SOLARWINDS INC.

8.6.1. Company overview
8.6.2. Company snapshot
8.6.3. Business performance
8.6.4. Key strategic moves & developments

8.7. SPLUNK INC.

8.7.1. Company overview
8.7.2. Company snapshot
8.7.3. Business performance
8.7.4. Key strategic moves & developments

8.8. SYMANTEC CORPORATION

8.8.1. Company overview
8.8.2. Company snapshot
8.8.3. Business performance
8.8.4. Key strategic moves & developments

8.9. TREND MICRO INC.

8.9.1. Company overview
8.9.2. Company snapshot
8.9.3. Business performance
8.9.4. Key strategic moves & developments

8.10. TRUSTWAVE HOLDINGS, INC.

8.10.1. Company overview
8.10.2. Company snapshot
8.10.3. Business performance
8.10.4. Key strategic moves & developments
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FEATURED COMPANIES

  • Dell Emc
  • Ibm Corporation
  • Logrhythm, Inc.
  • Mcafee Llc.
  • Solarwinds, Inc.
  • Splunk, Inc.
  • MORE
million in 2016, and is projected to reach $3,720 million by 2023, growing at a CAGR of 10.1% from 2017 to 2023. The SIEM market for the services segment is anticipated to grow at the highest growth rate during the forecast period.

North America was the largest market in global SIEM industry in 2016, as it offers adequate infrastructural development for the adoption of SIEM technology. The primary driver for this adoption is the regulatory compliance such as the Payment Card Industry Data Security Standard (PCI DSS), Freedom of Information and Protection of Privacy Act, the Federal Information Security Management Act (FISMA), and the Sarbanes-Oxley Act (SOX) in the region. Asia-Pacific SIEM market is expected to grow at the highest rate during the forecast period, owing to evolution in IT security arena, increase in cloud adoption, stringent regulatory compliances, and rise in demand for enterprise mobility.
Large enterprises are the primary consumers of SIEM products and the market was estimated to be around $1,174 million in 2016. However, small enterprise SIEM market is expected to grow at the highest growth rate during the forecast period, owing to its wide acceptance and increased product offerings from the key market players.
The government segment accounted for the highest share of revenue in 2016, while retail SIEM market is anticipated to grow at the highest rate of 14.2% during the forecast period.
Rise in concerns over IT security and increase in cybercrime have urged organizations to invest in more efficient security systems, as the threat landscape is becoming more complex with the occurrence of mobile devices and rise in adoption of cloud services. In addition, increase in adoption of Bring Your Own Device (BYOD) trend drives the growth in the global SIEM market.
The report features a competitive scenario of the global SIEM industry and provides comprehensive analysis of key growth strategies adopted by the major players. Key players profiled in the study are Dell EMC, Hewlett Packard Enterprise Company, IBM Corporation, LogRhythm, Inc., McAfee LLC., SolarWinds Inc., Splunk Inc., Symantec Corporation, Trend Micro Inc., and Trustwave Holdings Inc. These players have adopted competitive strategies, such as geographical expansion, mergers & acquisitions, new product launch, and partnership & collaborations to augment the growth of the SIEM market.

Key Findings of the Security Information and Event Management (Siem) Market:
The SIEM solution segment accounted for the highest share of the global SIEM industry in 2016, growing at a CAGR of 9.8% during the forecast period.
The government SIEM market generated highest share of revenue in 2016, and is projected to grow at a rate of 8.8%.
North America generated the highest revenue in 2016, valued at $1,202 million.
SIEM services market is expected to witness the highest growth rate during the forecast period in the component segment.
Note: Product cover images may vary from those shown
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  • Dell Emc
  • Hewlett Packard Enterprise Company
  • Ibm Corporation
  • Logrhythm, Inc.
  • Mcafee Llc.
  • Solarwinds, Inc.
  • Splunk, Inc.
  • Symantec Corporation
  • Trend Micro, Inc.
  • Trustwave Holdings Inc.
Note: Product cover images may vary from those shown
6 of 5
Note: Product cover images may vary from those shown
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