Research Report: Global Security Information And Event Management (SIEM) Market 2020-2024|Increase in Cybercrime to Boost Market Growth | Technavio

Technavio has announced its latest market research report titled Global Security Information and Event Management (SIEM) Market 2020-2024. (Graphic: Business Wire)

LONDON--()--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:

  • Based on segmentation by deployment, which is the leading segment in the market?
    The on-premises segment is leading the global SIEM market.
  • What are the major trends in the market?
    The increased use of mobile devices is a key trend in the market.
  • 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.
  • 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.
  • 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.
  • 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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Technavio's custom research reports offer detailed insights on the impact of COVID-19 at an industry level, a regional level, and subsequent supply chain operations. This customized report will also help clients keep up with new product launches in direct & indirect COVID-19 related markets, upcoming vaccines and pipeline analysis, and significant developments in vendor operations and government regulations.

Security Information and Event Management (SIEM) Market 2020-2024: Segmentation

Security Information and Event Management (SIEM) Market is segmented as below:

  • End-user
    • Government
    • BFSI
    • Telecom
    • Healthcare
    • Others
  • Geography
    • North America
    • Europe
    • APAC
    • South America
    • MEA
  • Deployment
    • On-premise SIEM
    • SaaS-based SIEM

To learn more about the global trends impacting the future of market research, download a free sample: https://www.technavio.com/talk-to-us?report=IRTNTR43224

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

About Us

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

Release Summary

The Global Security Information and Event Management (SIEM) Market will grow by USD 3.94 bn during 2020-2024

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/