Rising demand for Global Security Information and Event Management Market to Grow with a Robust CAGR of 12% during 2017-2021

Albany, New York, February 13, 2017: In today’s technological environment, there are a lot of advanced technologies such as cloud data, virtualization etc. which have been rapidly implemented by several enterprises worldwide. This has created various security and compliance risks for the organizations; hence, security information and event management plays a crucial role in enterprises. To explore its global market demand, the latest study titled “Global Security Information and Event Management Market 2017-2021″ has been broadcasted to the vast archive of Market Research Hub (MRH). Also, research analyst estimated in the study that, global security information and event management will surge rapidly at a strong CAGR of 12.03% during the period 2017 to 2021.

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The term SIEM can be defined as a technology which supports threat detection and security incident response by the real-time collection and analysis of security events from a wide variety of events and contextual data sources. Today, SIEM has become vital for running a business perfectly because numerous organizations are incompetent of shielding themselves against targeted attacks and security breaks. To overcome these issue, SIEM provides better threat intelligence, behavior profiling and enhanced analytics which as a result help in identifying early breaches and take crucial actions. Also, the events are alerts made by a network security device such as a firewall protection or intrusion detection system (IDS).

After the brief market snapshot, the report presents an overview of detailed market segmentation. Geographically, the market has been analyzed into some of the major regions including Europe, North America, APAC and MEA. Among these, North America is the largest revenue generating region in the global market. Moreover, the report segments the market on the basis of deployment models which involves SaaS-based and On-premises. Currently, some of the major drivers, boosting the demand for security information and event management solutions are given below:

  • Increase in cyber crime
  • Need to comply with regulatory requirements
  • Increased use of mobile devices

Furthermore, analysts have also studied about one of the major market trends impacting the global market which includes growing fame of managed security service providers. Organizations are giving prominence to the adoption of managed security services to ease the pressure they face in day-to-day business operations. Also, one of the major challenges for the market described in the report is security risks linked with SaaS offerings.

The next section of the report profiles major players operating in the market, such as:

  • IBM
  • Hewlett Packard
  • LogRhythm
  • McAfee
  • Splunk

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Some other prominent vendors are AlienVault, Dell Technologies, Tenable Network Security, Micro Focus, EventTracker, ZOHO Corp. and others.

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