Security Information and Event Management (SIEM) is the umbrella term that covers SIM (Security Information Management) and SEM (Security Event Management). The SEM involves correlation and real-time monitoring of log events, notifications and console views while SIM includes analysis, storage and reporting of log event data. The SIEM market in this report is defined as the summation of SIEM solutions and services.
SIEM is a combination of Security Information Management (SIM) and Security Event Management (SEM). SIEM identifies trends and visualizes patterns in logging information and security alerts from a company’s data systems. SIEM checks and monitors data flow and identifies anomalies and irregular patterns in real-time as well as over longer time periods.
SIEM technology is a very critical part of an organization’s security strategy, because it creates a consolidation point for various forms of security monitoring and can be utilized to spot a targeted attack in its early phases to reduce damage.
The major restraint in this market is the deployment cost and scalability of SIEM technology.
There are various assumptions that we have taken into consideration for market sizing and forecasting exercise. A few of the global assumptions include political, economic, social, technological and economic factors. For instance, exchange rates, one of the economic factors, are expected to have a moderate rating of impact on this market. Therefore, dollar fluctuations are expected to not seriously affect the forecasts in the emerging Asia Pacific (APAC) regions.
The report will help the market leaders/new entrants in this market in the following ways –
1. This report segments the market into solutions, covering this market comprehensively. The report provides the closest approximations of the revenue numbers for the overall market and the sub-segments. The market numbers are further split across the different verticals and regions.
2. This report will help them better understand the competitor and gain more insights to better position their business. There is a separate section on competitive landscape, including mergers and acquisition and venture capital funding. Besides, there are company profiles of 10 players in this market. In this section, market internals are provided that can put them ahead of the competitors.
3. The report helps them understand the pulse of the market. The report provides information on key market drivers, restraints, challenges, and opportunities.