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Global Security Information and Event Management to Grow at a CAGR of 12.03% During the Period 2017 - 2021; Finds New Report

Market Research Reports, Inc. has announced the addition of “Global Security Information and Event Management Market 2017 - 2021” research report to their website


Lewes, DE -- (SBWIRE) -- 02/21/2017 -- Report forecast the global security information and event management to grow at a CAGR of 12.03% during the period 2017-2021.

SIEM includes solutions and services that help enterprises to analyze log (large volumes of computer generated data also known as audit records and audit trials) and event data in real time to identity potential threats and provide event correlation and incident response. The data is collected from security and network devices, systems, and applications. The data is collected in a central repository for interpretation of logs and trend analysis and provides automated reporting for compliance and centralized reporting. SIEM solutions provide quicker identification, analysis, and recovery of security events. The events are alerts generated by a network security device such as a firewall or intrusion detection system (IDS).

The report covers the present scenario and the growth prospects of the global security information and event management for 2017-2021. To calculate the market size, the report considers the revenue generated from the sales of SIEM solutions and services.

The market is divided into the following segments based on geography:
- Europe
- North America

According to the report, one driver in market is increased use of mobile devices. Employees are using their personal portable devices to gain access to confidential information because of the growing need for uninterrupted connectivity between corporate networks and employees. High acceptance of policies such as bring your own device (BYOD) and corporate owned personally enabled (COPE) is encouraging employees to use mobile devices such as smartphones, tablets, and laptops at the workplace. The increase in use of mobile devices such as smartphones and tablets has led to an increase in the storage of data. This has increased the need for security. The rise in employee mobility is also leading to the increased use of mobile devices. It is easy for hackers to gain access to mobile devices and gain unauthorized access to corporate networks as these devices are generally not secure.

Further, the report states that one challenge in market is threat from open-source SIEM software. Open-source SIEM solutions are posing a serious threat to on-premises and cloud-based SIEM market. They can be downloaded and run on all platforms and are becoming increasingly popular in developing economies such as India and China. Most of the small-scale enterprises in these economies cannot afford to invest in expensive on-premises and cloud-based SIEM solutions. As a result, enterprises are adopting open-source solutions that require no capital investment. It is a very economical solution for organizations with limited resources and expertise. The increasing adoption of open-source SIEM solutions is reducing the overall revenue generated in the global SIEM market.

Global Security Information And Event Management 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

key players in the global security information and event management: IBM, Hewlett Packard, McAfee, LogRhythm, and Splunk.

Other Prominent Vendors in the market are: AlienVault, BlackStratus, EventTracker, Dell Technologies, Fortinet, Micro Focus, SolarWinds, Symantec, Tenable Network Security, TIBCO Software, Trustwave, and ZOHO Corp.

Market driver
- Need to comply with regulatory requirements.
- For a full, detailed list, view our report

Market challenge
- Security risks associated with SaaS offerings.
- For a full, detailed list, view our report

Market trend
- Growing popularity of managed security service providers.
- For a full, detailed list, view our report

Key questions answered in this report
- What will the market size be in 2021 and what will the growth rate be?
- What are the key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
- What are the market opportunities and threats faced by the key vendors?
- What are the strengths and weaknesses of the key vendors?

Spanning over 80 pages and 40 Exhibits "Global Security Information and Event Management Market 2017 - 2021" report covers Executive summary, Scope of the report, Market research methodology, Introduction, Architecture, Market assumptions, Market landscape, Market segmentation by deployment models, Market segmentation by end-user, Geographical segmentation, Buying criteria, Market drivers, Impact of drivers, Market challenges, Impact of drivers and challenges, Market trends, Five forces model, Vendor landscape, Appendix,

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