Security Information and Event Management Market report provides major statistics on the state of the industry and is a valuable source of opportunities and developments for firms and individuals attentive in the market. This report majorly focused on the Security Information and Event Management market growth in demand, investment, trade and productivity with company profiles, product picture and specification. Security Information and Event Management market report forecasts revenues for key applications across key regions with Manufacturing Cost Structure Analysis, Product Overview and Scope of Security Information and Event Management market.
Global Security Information and Event Management Market is valued approximately at USD 4 billion in 2019 and is anticipated to grow with a growth rate of more than 5.5% over the forecast period 2020-2026.
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SIEM refers to software and product services that combine security event management (SEM) and security information management (SIM). Security information and event management provides real time analysis of security alerts to organizations of IT infrastructure and network applications and hardware. Security information and event management (SIEM) tracks and analyzes the security with the help of SIM and SEM that further helps the organization to adhere to legal compliances in order to protect its IT infrastructure. SIEM also look after the logs in security database, allowing real time analysis of security-based events for organization to take necessary security steps. The rise and sophistication of cyber-attacks, Stringent security compliances and government regulations and increase in adoption of cloud-based services among SME are the few factors responsible for growth of the market over the forecast period. For instance, according to Cloud Computing Community, 77% of enterprises have at least one application or a portion of their enterprise computing infrastructure in the cloud in 2016. Moreover, as per technocrats over 75% of private and government organizations have adopted hybrid cloud-based services in 2016. For instance, as per companyâ€™s news release in June 2019, Benefitfocus Inc. introduced the advanced BenefitsPlaceâ„¢ Platform, a cloud-based functionality tool to educate consumers, improve the mobile experience and simplify the process of consumers’ benefits decisions. Thus, rising penetration of cloud-based services across various organization will create a lucrative growth of this market. However, higher cost involved in deploying SIEM solution is the major factor restraining the growth of global Security Information and Event Management market during the forecast period.
The regional analysis of global Security Information and Event Management market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. North America is the leading/significant region across the world. Whereas, Asia-Pacific is also anticipated to exhibit highest growth rate / CAGR over the forecast period 2020-2026.
Major market player included in this report are:
Micro Focus International Plc
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Organization Size:
Small and Medium-Sized Enterprises
Log Management and Reporting
Finance and Insurance
Healthcare and Social Assistance
Analysis of regional landscape:
- Based on geographical terrain, the Security Information and Event Management market is segmented into North America, Europe, Asia-Pacific, Southeast Asia, Middle East and Africa, South America.
- A performance summary of each region..
- Insights into the total sales, growth rate, and revenue generated by each geography is provided.
Summary of the regional outlook documented in this report:
- Consumption pattern and consumption rate with respected to each region.
- Predicted consumption rates over the forecast period.
- Market forecasts of key regions are detailed in the report.
- Consumption market share solely based on the regional contribution.
- Market share held by the listed geographies.
COVID-19, the disease it causes, surfaced in late 2019, and now had become a full-blown crisis worldwide. Over fifty key countries had declared a national emergency to combat coronavirus. With cases spreading, and the epicentre of the outbreak shifting to Europe, North America, India and Latin America, life in these regions has been upended the way it had been in Asia earlier in the developing crisis. As the coronavirus pandemic has worsened, the entertainment industry has been upended along with most every other facet of life. As experts work toward a better understanding, the world shudders in fear of the unknown, a worry that has rocked global financial markets, leading to daily volatility in the U.S. stock markets.
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