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Global Modern SIEM Market, Global, 2023–2028

Aerospace, Defence and SecurityGlobal Modern SIEM Market, Global, 2023–2028

Modern SIEM is Experiencing Transformational Growth Due to the Increasing Demand for Real-time Log Analysis and Automatic Detection

RELEASE DATE
19-Nov-2024
REGION
Global
Deliverable Type
Market Research
Research Code: PFN9-01-00-00-00
SKU: AE_2024_1153
AvailableYesPDF Download
$4,950.00
In stock
SKU
AE_2024_1153

Global Modern SIEM Market, Global, 2023–2028
Published on: 19-Nov-2024 | SKU: AE_2024_1153

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Description

The modern SIEM market is projected to grow from $6.27 billion in 2023 to $12.10 billion by 2028, reflecting a robust compound annual growth rate (CAGR) of 14.1%. This upward trend signifies organizations' growing recognition of the importance of modern SIEM solutions in enhancing their cybersecurity frameworks. With the escalation of cyberthreats in both frequency and sophistication, organizations are prioritizing comprehensive solutions that not only protect their data but also enhance their overall security posture and resilience.

The integration of advanced capabilities, such as user and entity behavior analytics (UEBA) and security orchestration, automation, and response (SOAR) within modern SIEM platforms, is a key driver of market growth. These technologies enhance threat detection accuracy and expedite incident response, providing organizations with the visibility and control required to navigate today’s complex threat landscape. The inclusion of UEBA offers deep behavioral insights, allowing the identification of insider threats and compromised accounts, while SOAR capabilities emphasize automation, streamlining response processes to reduce manual effort and alleviate the burden on security teams.

As organizations increasingly adopt these converged platforms, they benefit from a unified, automated approach that improves scalability, aligns security strategies with business objectives, and ensures compliance. The convergence of SIEM, SOAR, and UEBA positions modern SIEM as an essential solution for enterprises striving to enhance their security posture in an evolving threat environment.

Table of Contents

Market Definition and Scope of Analysis

Market Definition and Scope of Analysis (continued)

Market Definition and Scope of Analysis (continued)

Segmentation

Why is it Increasingly Difficult to Grow?

The Strategic Imperative 8™

The Impact of the Top 3 Strategic Imperatives on the Global Modern SIEM Industry

Competitive Environment

Key Competitors

Growth Metrics

Growth Drivers

Growth Restraints

Forecast Considerations

Revenue Forecast

Revenue Forecast Analysis

Revenue Forecast Analysis (continued)

Revenue Forecast by Region

Revenue Forecast Analysis by Region

Revenue Forecast by Technology

Revenue Forecast Analysis by Technology

Revenue Forecast Analysis by Technology (continued)

Revenue Forecast by Industry Vertical

Revenue Forecast Analysis by Industry Vertical

Revenue Forecast Analysis by Industry Vertical (continued)

Pricing Trends and Forecast Analysis

Revenue Share

Revenue Share Analysis—Splunk

Revenue Share Analysis—Microsoft

Revenue Share Analysis—Microsoft (continued)

Revenue Share Analysis—IBM

Revenue Share Analysis—IBM (continued)

Revenue Share Analysis—Elastic

Revenue Share Analysis—LogRhythm

Revenue Share Analysis—Rapid7

Revenue Share Analysis—Rapid7 (continued)

Revenue Share Analysis—Fortinet

Revenue Share Analysis—Sumo Logic

Revenue Share Analysis—NetWitness

Revenue Share Analysis—NetWitness (continued)

Revenue Share Analysis—Securonix

Revenue Share Analysis—OpenText

Revenue Share Analysis—Palo Alto Networks

Revenue Share Analysis—ManageEngine

Revenue Share Analysis—ManageEngine (continued)

Revenue Share Analysis—NSFOCUS

Revenue Share Analysis—Gurucul

Revenue Share Analysis—Logpoint

Revenue Share Analysis—Logpoint (continued)

Growth Opportunity 1: SIEM Market Consolidation

Growth Opportunity 1: SIEM Market Consolidation (continued)

Growth Opportunity 2: Emerging Technology Integration

Growth Opportunity 2: Emerging Technology Integration (continued)

Growth Opportunity 3: Geographic Market Shift

Growth Opportunity 3: Geographic Market Shift (continued)

Frost & Sullivan’s Global Cybersecurity End-user Survey Results

Frost & Sullivan’s Global Cybersecurity End-user Survey Results (continued)

Pros and Cons of SIEM Solutions

Pros and Cons of SIEM Solutions (continued)

Deciding between On-premise or MSS SIEM Solutions

Frost & Sullivan’s Advice on Which Solution to Choose

Benefits and Impacts of Growth Opportunities

Next Steps

List of Exhibits

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The modern SIEM market is projected to grow from $6.27 billion in 2023 to $12.10 billion by 2028, reflecting a robust compound annual growth rate (CAGR) of 14.1%. This upward trend signifies organizations' growing recognition of the importance of modern SIEM solutions in enhancing their cybersecurity frameworks. With the escalation of cyberthreats in both frequency and sophistication, organizations are prioritizing comprehensive solutions that not only protect their data but also enhance their overall security posture and resilience. The integration of advanced capabilities, such as user and entity behavior analytics (UEBA) and security orchestration, automation, and response (SOAR) within modern SIEM platforms, is a key driver of market growth. These technologies enhance threat detection accuracy and expedite incident response, providing organizations with the visibility and control required to navigate today’s complex threat landscape. The inclusion of UEBA offers deep behavioral insights, allowing the identification of insider threats and compromised accounts, while SOAR capabilities emphasize automation, streamlining response processes to reduce manual effort and alleviate the burden on security teams. As organizations increasingly adopt these converged platforms, they benefit from a unified, automated approach that improves scalability, aligns security strategies with business objectives, and ensures compliance. The convergence of SIEM, SOAR, and UEBA positions modern SIEM as an essential solution for enterprises striving to enhance their security posture in an evolving threat environment.
More Information
Deliverable Type Market Research
Author Jiana Edades
Industries Aerospace, Defence and Security
No Index No
Is Prebook No
Podcast No
Predecessor K30F-01-00-00-00
WIP Number PFN9-01-00-00-00