According to Technavio’s latest market research study, the global security information and event management market is expected to grow at a CAGR of more than 12% during the forecast period 2017 to 2021.
This report by Technavio provides an in-depth analysis of the global security information and event management market in terms of revenue and emerging market trends. The report also includes an up-to-date analysis and forecasts for various market segments and all geographical regions.
Technavio research analysts categorize the market based on the end-user
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The top three revenue contributing product segments are discussed below
Global security information and event management in government sector: The use of advanced technology for enterprise mobility, cloud computing, and IoT by the government segment to develop and expand its communication network will lead to the growth of the market. These systems are designed to analyze data in real time to detect anomalies within applications, network activity, and log data and enable faster and easier networking and information exchange.
“The increasing risk of the network- and application-based attacks will attribute to the growing demand for SIEM solutions in the government sector. The vendors in the market are designing systems to protect critical data and assets from theft, exploitation, and sabotage from the government database. These software helps protect the database from disrupting critical operations, thereby shielding all sensitive information that could affect the economy negatively,” says Ishmeet Kaur, a lead analyst at Technavio for research on IT security.
Global security information and event management in BFSI sector: The increase in fraudulent activities is boosting the demand for SIEM solutions in this market segment. The companies in the sector are reassessing their IT security policies and changing their legacy firewalls to meet the business requirements and to handle the growing number and increased complexity of threats. The presence of hacking, phishing, and other cyber crimes will lead to a growing adoption of SIEM solutions in this market segment.
Global security information and event management in telecom sector: The immersive rise in data traffic has increased the need to manage voice, video, and data content in telecom networks. The SIEM solutions help servicers providers to ensure smooth functionality of these network systems and protect systems from cyber threats. The advent of technologies such as 3G, new generation networks, and Wi-Max will fuel the growth in this market segment.
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The top vendors operating in the global security information and event management market are:
- IBM
- Hewlett Packard
- McAfee
- LogRhythm
- Splunk
Other prominent vendors in the market include AlienVault, BlackStratus, EventTracker, Dell Technologies, Fortinet, Micro Focus, SolarWinds, Symantec, Tenable Network Security, TIBCO Software, Trustwave, and ZOHO Corp.
A more detailed analysis is available in the Technavio report titled, ‘Global Security Information and Event Management Market 2017-2021’. Technavio also customizes reports by other regions and specific segments upon request.
Other related reports
- Global Event Management Software Market 2016-2020
- Global IT Security-as-a-Service Market 2016-2020
- Global Maritime Information Market 2016-2020
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