Security Information & Event Management Market 2019 Valuable Industry Status by Trend Analysis, Growth Status, Revenue Expectation to 2024 | Industry Research.co
Security Information & Event Management Industry 2019 Global Market research report studies latest Security Information & Event Management industry aspects market size, share, trends, growth, business overview and Security Information & Event Management industry scenario during the forecast period.
New research report on “Security Information and Event Management Market” 2019-2024 is a proficient and in-depth research offers an summary of the current market status, historic, and expected way forward for the Security Information and Event Management market. Security Information and Event Management market report on the world’s major regional market conditions, focusing on the main regions. Security Information and Event Management market report offers an extensive analysis of Security Information and Event Management industry to guide market players, new entrants and investors to get opinion of Security Information and Event Management industry.
Scope of the Report:
- Security information and event management is a sophisticated technology, which includes mobile devices, cloud, and third-party threat intelligence in addition to the traditional sources such as endpoints, firewalls, system logs, and directory services. It is based on real-time analysis of security alerts which are generated in organisations IT network applications and infrastructure.
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- The Security Information and Event Management (SIEM) market is expected to register a CAGR of 9.87% during the forecast period (2019 – 2024). Security information and event management are based on real-time analysis of security alerts which are generated in organizations IT network applications and infrastructure. Owing to the increasing risks of cyber-attacks and security breaches in IT industry in the coming years and are anticipated to have high chances of critical information getting extracted from banks and IT companies. To eradicate these, major companies are adopting security information and event management solutions.
- – Factors such as the rise in security concerns owing to many regulatory compliances as the government institutes have access to country’s financial data are also aiding the growth of the market
- – With the growth in complexity of threat landscape and an increase in the number of the population using the internet, the market is expected to grow rapidly in a dynamic changing environment. Other than this growing adoption of BYOD trend, the constant threat of cybercrime, the complexity of SIEM solutions and high cost of ownership are also responsible for the growth of the market.
- – Payment Card Industry Data Security Standard compliance originally drove SIEM adoption in large enterprises, however, concerns over advanced persistent threats have led smaller organizations to look at the benefits a SIEM managed security service provider can offer.
- – Major factors such as high cost of deployment and scalability of security information and event management software are expected to hinder the market growth over the forecast period.
Security Information and Event Management market research report delivers a close watch on leading competitors with strategic analysis, micro and macro market trend and scenarios, pricing analysis and a holistic overview of the market situations in the forecast period. The Security Information and Event Management market 2019 report consists of the latest developments, market shares, and strategies employed by the major market players.
Top Key Players of Security Information and Event Management Market Report Are:
- IBM Corporation
- Splunk Inc.
- Fortinet Inc.
- LogRhythm Inc.
- McAfee LLC
- Micro Focus International plc
- RSA Security LLC (Dell Technologies)
- Rapid7 Inc.
- Exabeam Inc.
- Securonix Inc.
- AlienVault Inc.
- Hewlett Packard Enterprise Company
Security Information and Event Management Market Report Highlights:
- The report provides a detailed analysis on current and future market trends to identify the investment opportunities
- Market forecasts till 2024, using estimated market values as the base numbers
- Key market trends across the business segments, Regions and Countries
- Key developments and strategies observed in the market
- Market Dynamics such as Drivers, Restraints, Opportunities and other trends
- In-depth company profiles of key players and upcoming prominent players
- Growth prospects among the emerging nations through 2024
- Security Information and Event Management Market opportunities and recommendations for new investments
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Key Market Trends:
BFSI Expected to Witness Significant Growth
– SIEM solutions are used to protect banks against frauds. They offer invaluable visibility into ATM networks. Banking and financial services are the most critical sectors for fraudulent activities from both inside and outside, breaking all the breach records in comparison to other industries.
– For instance, crucial financial institution of Russia Ural FD Bank along with Jet Infosystems has established a security information and event management system based on HP ArcSight. The bank has acquired a reliable and convenient instrument that can promptly identify and investigate information security breaches. This resulted in dropping the turnaround time for incident response and investigation by 80%.
– According to a post on IBM’s Security Intelligence Blog, SIEM tools receive logs from ATM endpoints, controlling network server and employ correlation rules to help security analysts monitor things such as entries into the network, software integrity and antivirus feeds. This helps to deliver a comprehensive overview of the ATM network security posture at any moment.
North America to Hold Largest Market Share
North America is expected to retain its position as the largest market for security information and event management solutions, over the forecast period. Due to the large scale migration of blue-chip companies, North America has been witnessing huge technological growth in recent times.
The technological evolution has led to the evolution of sophisticated threats and cyber-attacks in this region. The organizations are also becoming very cautious regarding the security breaches into their private networks which may lead to a huge loss for them. This security concern has increased the deployment of SIEM solutions for efficiently dealing with the constant security breaches.
SIEM enables organizations to minimize their security budget. The organizations belonging to this region always demand innovative and advanced technologies. SIEM not only helps them to detect and manage real-time threats and breaches but also enables them to analyze a large amount of information in a short span of time. SIEM providers in this region are coming up with advanced and ultramodern solutions due to the increasing technological growth.
According to Deccan Herald, IT Technological giant Wipro has invested in US-based cybersecurity company Vectra Networks and fraud prevention firm Emailage Corporation in order to establish cyber defense platform. Wipro has also invested USD 8.83 million in application security company Denim Group.
Security Information and Event Management Market Report Answers Following Questions:
- What are the important RandD (Research and Development) factors and data identifications to responsible for rising market share?
- What are future investment opportunities in the in Security Information and Event Management Devices landscape analyzing price trends?
- Which are most dynamic companies with ranges and recent development within Security Information and Event Management Devices Market till 2024?
- In what way is the market expected to develop in the forthcoming years?
- What are the principle issues that will impact development, including future income projections?
- What are market opportunities and potential risks associated with Security Information and Event Management Devices by analyzing trends?
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Detailed TOC of Security Information and Event Management Market Report 2019-2024:
1.1 Study Deliverables
1.2 Study Assumptions
1.3 Scope of the Study
2 RESEARCH METHODOLOGY
3 EXECUTIVE SUMMARY
4 MARKET INSIGHTS
4.1 Market Overview
4.2 Industry Attractiveness – Porter’s Five Force Analysis
4.2.1 Bargaining Power of Suppliers
4.2.2 Bargaining Power of Buyers/Consumers
4.2.3 Threat of New Entrants
4.2.4 Threat of Substitute Products
4.2.5 Intensity of Competitive Rivalry
5 MARKET DYNAMICS
5.1 Market Drivers
5.1.1 Rise In Security Concerns
5.1.2 Growing Adoption Of BYOD
5.2 Market Restraints
5.2.1 High Cost Of Deployment And Scalability
6 MARKET SEGMENTATION
6.1 By Deployment
6.2 By Organisation Type
6.2.1 Small and Medium Enterprises (SMEs)
6.2.2 Large Enterprises
6.3 By End-user Industry
6.3.6 Other End-users
6.4.1 North America
220.127.116.11 Rest of Europe
6.4.3 Asia Pacific
18.104.22.168 Rest of Asia Pacific
6.4.4 Latin America
22.214.171.124 Rest of Latin America
6.4.5 Middle East and Africa
126.96.36.199 Saudi Arabia
188.8.131.52 Rest of Middle East and Africa
7 COMPETITIVE LANDSCAPE
7.1 Company Profiles
7.1.1 IBM Corporation
7.1.2 Splunk Inc.
7.1.3 Fortinet Inc.
7.1.4 LogRhythm Inc.
7.1.5 McAfee LLC
7.1.6 Micro Focus International plc
7.1.7 RSA Security LLC (Dell Technologies)
7.1.8 Rapid7 Inc.
7.1.9 Exabeam Inc.
7.1.10 Securonix Inc.
7.1.11 AlienVault Inc.
7.1.12 Hewlett Packard Enterprise Company
8 INVESTMENT ANALYSIS
9 MARKET OPPORTUNITIES AND FUTURE TRENDS
Name: Ajay More
Phone: US +14242530807/ UK +44 20 3239 8187
Email: [email protected]
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