Security Information and Event Managements Market Research | Industry Size USD 18.12 Billion by 2030>
EIN News
Growing demand for security solutions that help organizations discover potential security risks & vulnerabilities is predicted to fuel growth of SIEM market.
The size of the global security information and event management market, which was estimated to be worth $3.92 billion in 2020, is expected to increase to $18.12 billion by 2030, rising at a CAGR of 16.4% from 2021 to 2030.
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What are factors driving security information and event management market? ⢠Increasing cybersecurity threats: As the number and complexity of cyber threats continue to rise, organizations are increasingly turning to SIEM solutions to help them detect and respond to these threats in a timely and effective manner. ⢠Regulatory compliance requirements: Many industries are subject to regulatory requirements that mandate the use of SIEM solutions to help protect sensitive data and systems. ⢠Rising cybersecurity budgets: Organizations are allocating more resources to cybersecurity, which is driving demand for SIEM solutions. ⢠Growing adoption of cloud-based SIEM solutions: Cloud-based SIEM solutions offer several advantages over on-premise solutions, including scalability, flexibility, and cost-effectiveness. ⢠Increasing adoption of IoT devices: The proliferation of IoT devices is increasing the attack surface for cybercriminals, and SIEM solutions are being used to help organizations monitor and secure these devices. ⢠Need for real-time threat detection and response: SIEM solutions provide real-time visibility into security events, enabling organizations to respond quickly and effectively to threats. What are key trends in security information and event management market?
Cloud-based SIEM solutions Advanced threat detection Integration with other security solutions Compliance automation Threat intelligence sharing Managed SIEM services
Link: https://it.einnews.com/pr_news/627036656/security-information-and-event-managements-market-research-industry-size-usd-18-12-billion-by-2030