Security information and event management (SIEM) gives a real-time analysis of security alerts which are generated in organizations IT infrastructure network application and hardware. SIEM refers to software and product services which combines security event management (SEM) and security information management (SIM). The risk of cyber attack and security breaches is expected to increase in IT industry in coming years for obtaining critical information in banks and IT companies. SIEM helps to track and analyze the security with the help of functions such as SEM and SIM. These help the organizations to adhere to legal compliance requirements to protect its IT system in future. SIM helps to collect logs from organization’s IT infrastructure and store it in a centralized security database. SEM helps to consolidate the logs in security database and allows real time analysis of security related events for organizations and to take necessary security steps. Log is created across IT infrastructure including network devices, database, workstations and security appliances. 
 
SIEM has become vital for running a business flawlessly. The SIEM software permits its end-users to execute event forensics in case of a security breach by analyzing particular log for that event. The SIEM solution permits separating the core cause of a breach, failure, threat or any non-compliant activity. SIEM solution are being deployed by rising number of organizations not only for regulatory compliance but also for threat management by monitoring and detecting early security breach in an IT system. Currently, organizations fail to succeed in identifying the targeted attacks and compliance breaches. It can be met by improved and enhanced threat intelligence. Therefore, in order to better utilize real-time monitoring, organizations are trying to expand their SIEM deployments over a long period of time. SIEM vendors have started focusing on expansion of technology deployments with new as well as existing customer accounts and showcasing their product as a platform by offering security and application analytics. 
 
Some of the key factors responsible for the growth of SIEM market in coming years include rising level of sophistication in cybercrimes and growing compliance and regulatory mandates. However, the high deployment cost and scalability of SIEM solutions may decrease the growth of market. 
 
The SIEM market can be briefly segmented into solutions, services, verticals and geography. The solution segment includes log and event management, patch management and firewall security management. The services segment includes consulting, support and integration. SIEM finds its application in government, banking, financial services and insurance (BFSI), telecom and IT, retail and hospitality, energy and utility, healthcare, education and academia among others. The segmentation in terms of geographical regions includes North America, Asia-Pacific, Europe and Rest of the World (RoW). The SIEM market is expected to witness entry of new players in coming years due to its growing importance in improving security of organization IT Infrastructure.
 
Some of the key players in security information and event management market include Assuria Ltd., The International Business Machines Corporation, Hewlett-Packard Company, McAfee Inc, LogRhythm Inc, Splunk Inc, SolarWinds Inc, Trustwave Holdings and TIBCO Software Inc and EMC Corporation. 
 
This research report analyzes this market on the basis of its market segments, major geographies, and current market trends. Geographies analyzed under this research report include 
  • North America 
  • Asia Pacific 
  • Europe
  • Middle East and Africa
  • Latin America
This report provides comprehensive analysis of 
  • Market growth drivers 
  • Factors limiting market growth
  • Current market trends 
  • Market structure
  • Market projections for upcoming years 
This report is a complete study of current trends in the market, industry growth drivers, and restraints. It provides market projections for the coming years. It includes analysis of recent developments in technology, Porter’s five force model analysis and detailed profiles of top industry players. The report also includes a review of micro and macro factors essential for the existing market players and new entrants along with detailed value chain analysis. 
 
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  • It provides a six-year forecast assessed on the basis of how the market is predicted to grow 
  • It helps in understanding the key product segments and their future
  • It provides pin point analysis of changing competition dynamics and keeps you ahead of competitors
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Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.

Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:

  • Customer Experience Maps
  • Insights and Tools based on data-driven research
  • Actionable Results to meet all the business priorities
  • Strategic Frameworks to boost the growth journey

The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.

The following regional segments are covered comprehensively:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.

Below is a snapshot of these quadrants.

1. Customer Experience Map

The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.

2. Insights and Tools

The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.

3. Actionable Results

The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.

4. Strategic Frameworks

The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.

The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:

1. What can be the best investment choices for venturing into new product and service lines?

2. What value propositions should businesses aim at while making new research and development funding?

3. Which regulations will be most helpful for stakeholders to boost their supply chain network?

4. Which regions might see the demand maturing in certain segments in near future?

5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?

6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?

7. Which government regulations might challenge the status of key regional markets?

8. How will the emerging political and economic scenario affect opportunities in key growth areas?

9. What are some of the value-grab opportunities in various segments?

10. What will be the barrier to entry for new players in the market?

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

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