Market Overview:
The global SIEM tools market is expected to grow from USD 2.02 billion in 2018 to USD 4.06 billion by 2030, at a CAGR of 9.5% during the forecast period. The growth of the market can be attributed to the increasing adoption of SIEM tools by organizations for security and compliance purposes, and the growing need for real-time security intelligence and analytics. However, lack of skilled professionals is restraining the growth of this market. Based on type, the global SIEM tools market has been segmented into basic (USD 595/month or less), standards (USD 595-2395/month), and senior (USD 2395-11995/month) segments.
Product Definition:
SIEM tools provide a comprehensive solution for security information and event management. They collect data from a variety of sources, including firewalls, intrusion detection systems, and other security devices; as well as system logs from servers, desktops, and applications. The data is then analyzed to identify potential threats and vulnerabilities. SIEM tools can also help organizations meet compliance requirements by providing detailed reports on security events.
Basic ($Under 595 /Month):
Basic is the cost of a month for any device that supports only limited functions, such as email and web content, with no real-time monitoring or interaction. It includes costs for licenses and support & maintenance fees along with some expenses incurred in setting up the solution. The price does not include additional costs associated with integration & installation services by vendor’s partners or end-users.
Standards (5-2395/Month):
Standards is the price/month for a subscription to an on-premise data processing software solution. It includes all the tools and services required to process, analyze, and investigate security events or IT event streams with specific pre-defined rules. The prices are based on different types of subscriptions which include standalone, multi-site (enterprise), multi-cloud (public cloud + private cloud) and single site (consumer).
Application Insights:
The application segment is segregated into six parts, namely finance and banking, energy and utilities, law, higher education, government and other. The higher education segment accounted for the largest market share in 2017 owing to the large number of colleges and universities across the globe. The retail sector is anticipated to emerge as a prominent user of SIEM tools over the forecast period owing to increasing cyberattacks on e-commerce systems that result in financial losses for retailers.
The healthcare industry has also been witnessing an upsurge in its adoption of these solutions due to breaches occurring at hospitals resulting from malware or phishing attacks that compromise patient data or lead to frauds against organizations. According with a study published by Gartner Inc.
Regional Analysis:
The North American region dominated the market in 2017 and is expected to continue its dominance over the forecast period. The growth can be attributed to rising cyberattacks, increasing dependence on technology-based services, and government initiatives for improving cybersecurity. Moreover, presence of major players in this region has led to increased adoption of these systems across various industries.
Asia Pacific is anticipated to witness significant growth over the forecast period owing to increasing number of data breaches that have resulted from hacking into networks or improper disposal of confidential information by organizations. In addition, growing awareness about risks involved with such incidents among users will drive demand for security solutions in this region over the next eight years.
Growth Factors:
- Increasing demand for big data and analytics: The need for timely, accurate, and actionable insights from voluminous data is driving the adoption of big data and analytics solutions, including SIEM tools.
- Proliferation of cyber threats: The increasing number of cyber threats is fueling the demand for SIEM tools as they help organizations detect and respond to security incidents quickly.
- Growing compliance requirements: Organizations are increasingly adopting SIEM tools to meet compliance requirements such as GDPR and HIPAA.
- Shift to cloud-based deployments: The growing popularity of cloud-based deployments is helping fuel the growth of the SIEM Tools market as these solutions can be easily deployed in the cloud environment.
Scope Of The Report
Report Attributes
Report Details
Report Title
SIEM Tools Market Research Report
By Type
Basic ($Under 595 /Month), Standards ($595-2395/Month), Senior ($2395-11995/Month)
By Application
Finance And Banking, Energy And Utilities, Law, Higher Education, Government, Health Care, Retail, Other
By Companies
ManageEngine, Netsurion, Splunk, Logsign, Netikus.net, Sumo Logic, AlienVault, IBM, SolarWinds Security Management, LogRhythm, HelpSystems, Enginsight, Exabeam, SolarWinds MSP, RSA Security, Rapid7, LogPoint, InterSect Alliance International, Fortinet, BlackStratus
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
192
Number of Tables & Figures
135
Customization Available
Yes, the report can be customized as per your need.
Global SIEM Tools Market Report Segments:
The global SIEM Tools market is segmented on the basis of:
Types
Basic ($Under 595 /Month), Standards ($595-2395/Month), Senior ($2395-11995/Month)
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Finance And Banking, Energy And Utilities, Law, Higher Education, Government, Health Care, Retail, Other
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- ManageEngine
- Netsurion
- Splunk
- Logsign
- Netikus.net
- Sumo Logic
- AlienVault
- IBM
- SolarWinds Security Management
- LogRhythm
- HelpSystems
- Enginsight
- Exabeam
- SolarWinds MSP
- RSA Security
- Rapid7
- LogPoint
- InterSect Alliance International
- Fortinet
- BlackStratus
Highlights of The SIEM Tools Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Basic ($Under 595 /Month)
- Standards ($595-2395/Month)
- Senior ($2395-11995/Month)
- By Application:
- Finance And Banking
- Energy And Utilities
- Law
- Higher Education
- Government
- Health Care
- Retail
- Other
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the SIEM Tools Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
SIEM tools are a collection of software that can be used to monitor and manage security incidents. SIEM tools can collect data from various sources, including network devices, servers, and applications. SIEM tools can then use this data to identify potential threats and vulnerabilities.
Some of the major players in the siem tools market are ManageEngine, Netsurion, Splunk, Logsign, Netikus.net, Sumo Logic, AlienVault, IBM, SolarWinds Security Management, LogRhythm, HelpSystems, Enginsight, Exabeam, SolarWinds MSP, RSA Security, Rapid7, LogPoint, InterSect Alliance International, Fortinet, BlackStratus.
The siem tools market is expected to grow at a compound annual growth rate of 9.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 SIEM Tools Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 SIEM Tools Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 SIEM Tools Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the SIEM Tools Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global SIEM Tools Market Size & Forecast, 2018-2028
4.5.1 SIEM Tools Market Size and Y-o-Y Growth
4.5.2 SIEM Tools Market Absolute $ Opportunity
Chapter 5 Global SIEM Tools Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 SIEM Tools Market Size Forecast by Type
5.2.1 Basic ($Under 595 /Month)
5.2.2 Standards ($595-2395/Month)
5.2.3 Senior ($2395-11995/Month)
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global SIEM Tools Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 SIEM Tools Market Size Forecast by Applications
6.2.1 Finance And Banking
6.2.2 Energy And Utilities
6.2.3 Law
6.2.4 Higher Education
6.2.5 Government
6.2.6 Health Care
6.2.7 Retail
6.2.8 Other
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global SIEM Tools Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 SIEM Tools Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America SIEM Tools Analysis and Forecast
9.1 Introduction
9.2 North America SIEM Tools Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America SIEM Tools Market Size Forecast by Type
9.6.1 Basic ($Under 595 /Month)
9.6.2 Standards ($595-2395/Month)
9.6.3 Senior ($2395-11995/Month)
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America SIEM Tools Market Size Forecast by Applications
9.10.1 Finance And Banking
9.10.2 Energy And Utilities
9.10.3 Law
9.10.4 Higher Education
9.10.5 Government
9.10.6 Health Care
9.10.7 Retail
9.10.8 Other
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe SIEM Tools Analysis and Forecast
10.1 Introduction
10.2 Europe SIEM Tools Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe SIEM Tools Market Size Forecast by Type
10.6.1 Basic ($Under 595 /Month)
10.6.2 Standards ($595-2395/Month)
10.6.3 Senior ($2395-11995/Month)
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe SIEM Tools Market Size Forecast by Applications
10.10.1 Finance And Banking
10.10.2 Energy And Utilities
10.10.3 Law
10.10.4 Higher Education
10.10.5 Government
10.10.6 Health Care
10.10.7 Retail
10.10.8 Other
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific SIEM Tools Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific SIEM Tools Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific SIEM Tools Market Size Forecast by Type
11.6.1 Basic ($Under 595 /Month)
11.6.2 Standards ($595-2395/Month)
11.6.3 Senior ($2395-11995/Month)
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific SIEM Tools Market Size Forecast by Applications
11.10.1 Finance And Banking
11.10.2 Energy And Utilities
11.10.3 Law
11.10.4 Higher Education
11.10.5 Government
11.10.6 Health Care
11.10.7 Retail
11.10.8 Other
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America SIEM Tools Analysis and Forecast
12.1 Introduction
12.2 Latin America SIEM Tools Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America SIEM Tools Market Size Forecast by Type
12.6.1 Basic ($Under 595 /Month)
12.6.2 Standards ($595-2395/Month)
12.6.3 Senior ($2395-11995/Month)
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America SIEM Tools Market Size Forecast by Applications
12.10.1 Finance And Banking
12.10.2 Energy And Utilities
12.10.3 Law
12.10.4 Higher Education
12.10.5 Government
12.10.6 Health Care
12.10.7 Retail
12.10.8 Other
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) SIEM Tools Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) SIEM Tools Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) SIEM Tools Market Size Forecast by Type
13.6.1 Basic ($Under 595 /Month)
13.6.2 Standards ($595-2395/Month)
13.6.3 Senior ($2395-11995/Month)
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) SIEM Tools Market Size Forecast by Applications
13.10.1 Finance And Banking
13.10.2 Energy And Utilities
13.10.3 Law
13.10.4 Higher Education
13.10.5 Government
13.10.6 Health Care
13.10.7 Retail
13.10.8 Other
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 SIEM Tools Market: Competitive Dashboard
14.2 Global SIEM Tools Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 ManageEngine
14.3.2 Netsurion
14.3.3 Splunk
14.3.4 Logsign
14.3.5 Netikus.net
14.3.6 Sumo Logic
14.3.7 AlienVault
14.3.8 IBM
14.3.9 SolarWinds Security Management
14.3.10 LogRhythm
14.3.11 HelpSystems
14.3.12 Enginsight
14.3.13 Exabeam
14.3.14 SolarWinds MSP
14.3.15 RSA Security
14.3.16 Rapid7
14.3.17 LogPoint
14.3.18 InterSect Alliance International
14.3.19 Fortinet
14.3.20 BlackStratus
