Managed SIEM Services Market worth $16.0 billion by 2028 – Exclusive Report by MarketsandMarkets™>
PR Newswire (US) – MarketsandMarkets
The article discusses the growth of the global managed SIEM (security information and event management) services market, which is expected to reach $16 billion by 2028 due to factors like the skills gap, integration of AI/ML, cloud adoption, and a focus on SMB cybersecurity.
Key drivers include a lack of cybersecurity professionals globally, leading businesses to utilize managed services for expert monitoring and response.
Additionally, newer technologies like AI and ML are being integrated with SIEM for more efficient threat detection.
There is also an industry shift towards cloud-based SIEM solutions for their flexibility, accessibility and scalability.
Region-wise, the Asia Pacific market is poised for rapid adoption, spurred by increasing online connectivity, cloud usage, and digitization.
Evolving regulations focused on data protection are also catalyzing demand for robust managed SIEM services.
By organization size, SMEs are expected to exhibit the highest growth rate, indicating greater prioritization of cybersecurity by smaller businesses.
The scalability and affordability of managed SIEM services makes them strategic for SMEs looking to strengthen defenses amidst intensifying threats.
Major players operating in this landscape include IBM, AT&T, Verizon, Trustwave, Optiv, NTT, BT, Cyberex and Wipro, among others.
Recent developments highlight partnerships between providers and MSSPs along with launches of advanced, analytics-based SIEM platforms.
Link: https://www.prnewswire.co.uk/news-releases/managed-siem-services-market-worth-16-0-billion-by-2028—exclusive-report-by-marketsandmarkets-302026928.html