Security information and event management market size to grow by USD 3,416.2 million; Increased market consolidation is identified as the key trend - Technavio

NEW YORK, Feb. 15, 2023 /PRNewswire/ -- According to Technavio, the global security information and event management market size is estimated to grow by USD 3,416.2 million from 2022 to 2027. The market is estimated to grow at a CAGR of 9.87% during the forecast period. The report includes historic market data from 2017 to 2021. In 2017, the market was valued at USD 4,420.65 million. North America will account for 33% of the market growth during the forecast period. For more Insights on market size Request a sample report

Security information and event management market - Five Forces
The global security information and event management market is fragmented, and the five forces analysis covers– 

• Bargaining Power of Buyers 
• The threat of New Entrants
• Threat of Rivalry
• Bargaining Power of Suppliers
• Threat of Substitutes
• Interpretation of porter's five models helps to strategize the business, for entire details – buy the report!

Security information and event management market – Customer Landscape 

The report includes the market's adoption lifecycle, from the innovator's stage to the laggard's stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.

Security information and event management market - Segmentation Assessment

Segment Overview
Technavio has segmented the market based on deployment (on-premise and saas-based), end-user (government, BFSI, telecom, healthcare, and others), and geography (North America, Europe, APAC, Middle East and Africa, and South America). 

• The market growth will be significant in the on-premise segment during the forecast period. On-premises SIEM software is considered to be highly secure as there is no third-party interference. In addition, factors such as high data security and customization options, digitization of processes, the rising demand for the Internet of Things (IoT), and workflow automation globally are fueling the growth of the segment.

Geography Overview
By geography, the global security information and event management market is segmented into North America, Europe, APAC, Middle East and Africa, and South America. The report provides actionable insights and estimates the contribution of all regions to the growth of the global security information and event management market.

• North America will account for 33% of the market growth during the forecast period. The growth of the regional market is driven by the increasing incidence of cyberattacks, the availability of adequate infrastructure, the presence of numerous global financial institutions and large companies, compliance regulations, and the increased adoption of technologies among organizations.

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Security information and event management market – Market Dynamics

Key factor driving market growth

• The market is driven by the increase in cybercrime.
• Cyberattacks are becoming more common across the world, which is becoming a major concern for businesses.
• The high occurrence of cyberattacks is leading to the loss of personal and financial data, exploitation, and misconduct.
• This is raising fears among organizations about the different security risks, which is compelling them to invest in SIEM solutions, which is driving the growth of the market.

Leading trends influencing the market 

• Increased market consolidation is identified as the key trend in the market.
• Vendors in the market are engaging in M&A activities to improve their market presence and expand their reach.
• Large vendors are acquiring smaller players to increase their product base and market share.
• Such acquisitions are also helping large players to gain access to the latest technologies and enter new markets.
• During the forecast period, many mergers and acquisitions are expected to happen among vendors, which will positively influence the growth of the market.

Major challenges hindering the market growth

• The threat from open-source SIEM software is a major challenge in the market.
• Open-source SIEM solutions are becoming increasingly popular in developing countries such as China and India.
• They can be freely downloaded and run on all platforms.
• The demand for such open-source solutions is increasing among enterprises that cannot afford to invest in expensive on-premises and cloud-based SIEM solutions.
• This is resulting in a reduction in the overall revenue generated in the global security information and event management market.

Driver, trend, and challenges are the factor of market dynamics that state about consequences & sustainability of the businesses, find some insights from a sample report!

What are the key data covered in this security information and event management market report?

• CAGR of the market during the forecast period
• Detailed information on factors that will drive the growth of the security information and event management market between 2023 and 2027
• Precise estimation of the size of the security information and event management market and its contribution to the parent market
• Accurate predictions about upcoming trends and changes in consumer behavior
• Growth of the security information and event management market industry across North America, Europe, APAC, Middle East and Africa, and South America
• A thorough analysis of the market's competitive landscape and detailed information about vendors
• Comprehensive analysis of factors that will challenge the growth of security information and event management market vendors

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Table of contents:

1 Executive Summary

• 1.1 Market overview 
• Exhibit 01: Executive Summary – Chart on Market Overview
• Exhibit 02: Executive Summary – Data Table on Market Overview
• Exhibit 03: Executive Summary – Chart on Global Market Characteristics
• Exhibit 04: Executive Summary – Chart on Market by Geography
• Exhibit 05: Executive Summary – Chart on Market Segmentation by Deployment
• Exhibit 06: Executive Summary – Chart on Market Segmentation by End-user
• Exhibit 07: Executive Summary – Chart on Incremental Growth
• Exhibit 08: Executive Summary – Data Table on Incremental Growth
• Exhibit 09: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

• 2.1 Market ecosystem 
• Exhibit 10: Parent market
• Exhibit 11: Market Characteristics

3 Market Sizing

• 3.1 Market definition 
• Exhibit 12: Offerings of vendors included in the market definition

• 3.2 Market segment analysis 
• Exhibit 13: Market segments

• 3.3 Market size 2022

• 3.4 Market outlook: Forecast for 2022-2027 
• Exhibit 14: Chart on Global - Market size and forecast 2022-2027 ($ million)
• Exhibit 15: Data Table on Global - Market size and forecast 2022-2027 ($ million)
• Exhibit 16: Chart on Global Market: Year-over-year growth 2022-2027 (%)
• Exhibit 17: Data Table on Global Market: Year-over-year growth 2022-2027 (%)

4 Historic Market Size

• 4.1 Global security information and event management market 2017 - 2021 
• Exhibit 18: Historic Market Size – Data Table on Global security information and event management market 2017 - 2021 ($ million)

• 4.2 Deployment Segment Analysis 2017 - 2021
• Exhibit 19: Historic Market Size – Deployment Segment 2017 - 2021 ($ million)

• 4.3 End-user Segment Analysis 2017 - 2021 
• Exhibit 20: Historic Market Size – End-user Segment 2017 - 2021 ($ million)

• 4.4 Geography Segment Analysis 2017 - 2021 
• Exhibit 21: Historic Market Size – Geography Segment 2017 - 2021 ($ million)

• 4.5 Country Segment Analysis 2017 - 2021 
• Exhibit 22: Historic Market Size – Country Segment 2017 - 2021 ($ million)

5 Five Forces Analysis

• 5.1 Five forces summary 
• Exhibit 23: Five forces analysis - Comparison between 2022 and 2027

• 5.2 Bargaining power of buyers 
• Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027

• 5.3 Bargaining power of suppliers 
• Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2022 and 2027

• 5.4 Threat of new entrants 
• Exhibit 26: Threat of new entrants – Impact of key factors in 2022 and 2027

• 5.5 Threat of substitutes 
• Exhibit 27: Threat of substitutes – Impact of key factors in 2022 and 2027

• 5.6 Threat of rivalry 
• Exhibit 28: Threat of rivalry – Impact of key factors in 2022 and 2027

• 5.7 Market condition 
• Exhibit 29: Chart on Market condition - Five forces 2022 and 2027

6 Market Segmentation by Deployment

• 6.1 Market segments 
• Exhibit 30: Chart on Deployment - Market share 2022-2027 (%)
• Exhibit 31: Data Table on Deployment - Market share 2022-2027 (%)

• 6.2 Comparison by Deployment 
• Exhibit 32: Chart on Comparison by Deployment
• Exhibit 33: Data Table on Comparison by Deployment

• 6.3 On-premise - Market size and forecast 2022-2027 
• Exhibit 34: Chart on On-premise - Market size and forecast 2022-2027 ($ million)
• Exhibit 35: Data Table on On-premise - Market size and forecast 2022-2027 ($ million)
• Exhibit 36: Chart on On-premise - Year-over-year growth 2022-2027 (%)
• Exhibit 37: Data Table on On-premise - Year-over-year growth 2022-2027 (%)

• 6.4 SaaS-based - Market size and forecast 2022-2027
• Exhibit 38: Chart on SaaS-based - Market size and forecast 2022-2027 ($ million)
• Exhibit 39: Data Table on SaaS-based - Market size and forecast 2022-2027 ($ million)
• Exhibit 40: Chart on SaaS-based - Year-over-year growth 2022-2027 (%)
• Exhibit 41: Data Table on SaaS-based - Year-over-year growth 2022-2027 (%)

• 6.5 Market opportunity by Deployment 
• Exhibit 42: Market opportunity by Deployment ($ million)

7 Market Segmentation by End-user

• 7.1 Market segments 
• Exhibit 43: Chart on End-user - Market share 2022-2027 (%)
• Exhibit 44: Data Table on End-user - Market share 2022-2027 (%)

• 7.2 Comparison by End-user 
• Exhibit 45: Chart on Comparison by End-user
• Exhibit 46: Data Table on Comparison by End-user

• 7.3 Government - Market size and forecast 2022-2027
• Exhibit 47: Chart on Government - Market size and forecast 2022-2027 ($ million)
• Exhibit 48: Data Table on Government - Market size and forecast 2022-2027 ($ million)
• Exhibit 49: Chart on Government - Year-over-year growth 2022-2027 (%)
• Exhibit 50: Data Table on Government - Year-over-year growth 2022-2027 (%)

• 7.4 BFSI - Market size and forecast 2022-2027
• Exhibit 51: Chart on BFSI - Market size and forecast 2022-2027 ($ million)
• Exhibit 52: Data Table on BFSI - Market size and forecast 2022-2027 ($ million)
• Exhibit 53: Chart on BFSI - Year-over-year growth 2022-2027 (%)
• Exhibit 54: Data Table on BFSI - Year-over-year growth 2022-2027 (%)

• 7.5 Telecom - Market size and forecast 2022-2027
• Exhibit 55: Chart on Telecom - Market size and forecast 2022-2027 ($ million)
• Exhibit 56: Data Table on Telecom - Market size and forecast 2022-2027 ($ million)
• Exhibit 57: Chart on Telecom - Year-over-year growth 2022-2027 (%)
• Exhibit 58: Data Table on Telecom - Year-over-year growth 2022-2027 (%)

• 7.6 Healthcare - Market size and forecast 2022-2027
• Exhibit 59: Chart on Healthcare - Market size and forecast 2022-2027 ($ million)
• Exhibit 60: Data Table on Healthcare - Market size and forecast 2022-2027 ($ million)
• Exhibit 61: Chart on Healthcare - Year-over-year growth 2022-2027 (%)
• Exhibit 62: Data Table on Healthcare - Year-over-year growth 2022-2027 (%)

• 7.7 Others - Market size and forecast 2022-2027
• Exhibit 63: Chart on Others - Market size and forecast 2022-2027 ($ million)
• Exhibit 64: Data Table on Others - Market size and forecast 2022-2027 ($ million)
• Exhibit 65: Chart on Others - Year-over-year growth 2022-2027 (%)
• Exhibit 66: Data Table on Others - Year-over-year growth 2022-2027 (%)

• 7.8 Market opportunity by End-user 
• Exhibit 67: Market opportunity by End-user ($ million)

8 Customer Landscape

• 8.1 Customer landscape overview 
• Exhibit 68: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

9 Geographic Landscape

• 9.1 Geographic segmentation 
• Exhibit 69: Chart on Market share by geography 2022-2027 (%)
• Exhibit 70: Data Table on Market share by geography 2022-2027 (%)

• 9.2 Geographic comparison 
• Exhibit 71: Chart on Geographic comparison
• Exhibit 72: Data Table on Geographic comparison

• 9.3 North America - Market size and forecast 2022-2027
• Exhibit 73: Chart on North America - Market size and forecast 2022-2027 ($ million)
• Exhibit 74: Data Table on North America - Market size and forecast 2022-2027 ($ million)
• Exhibit 75: Chart on North America - Year-over-year growth 2022-2027 (%)
• Exhibit 76: Data Table on North America - Year-over-year growth 2022-2027 (%)

• 9.4 Europe - Market size and forecast 2022-2027
• Exhibit 77: Chart on Europe - Market size and forecast 2022-2027 ($ million)
• Exhibit 78: Data Table on Europe - Market size and forecast 2022-2027 ($ million)
• Exhibit 79: Chart on Europe - Year-over-year growth 2022-2027 (%)
• Exhibit 80: Data Table on Europe - Year-over-year growth 2022-2027 (%)

• 9.5 APAC - Market size and forecast 2022-2027
• Exhibit 81: Chart on APAC - Market size and forecast 2022-2027 ($ million)
• Exhibit 82: Data Table on APAC - Market size and forecast 2022-2027 ($ million)
• Exhibit 83: Chart on APAC - Year-over-year growth 2022-2027 (%)
• Exhibit 84: Data Table on APAC - Year-over-year growth 2022-2027 (%)

• 9.6 Middle East and Africa - Market size and forecast 2022-2027
• Exhibit 85: Chart on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
• Exhibit 86: Data Table on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
• Exhibit 87: Chart on Middle East and Africa - Year-over-year growth 2022-2027 (%)
• Exhibit 88: Data Table on Middle East and Africa - Year-over-year growth 2022-2027 (%)

• 9.7 South America - Market size and forecast 2022-2027
• Exhibit 89: Chart on South America - Market size and forecast 2022-2027 ($ million)
• Exhibit 90: Data Table on South America - Market size and forecast 2022-2027 ($ million)
• Exhibit 91: Chart on South America - Year-over-year growth 2022-2027 (%)
• Exhibit 92: Data Table on South America - Year-over-year growth 2022-2027 (%)

• 9.8 US - Market size and forecast 2022-2027
• Exhibit 93: Chart on US - Market size and forecast 2022-2027 ($ million)
• Exhibit 94: Data Table on US - Market size and forecast 2022-2027 ($ million)
• Exhibit 95: Chart on US - Year-over-year growth 2022-2027 (%)
• Exhibit 96: Data Table on US - Year-over-year growth 2022-2027 (%)

• 9.9 China - Market size and forecast 2022-2027
• Exhibit 97: Chart on China - Market size and forecast 2022-2027 ($ million)
• Exhibit 98: Data Table on China - Market size and forecast 2022-2027 ($ million)
• Exhibit 99: Chart on China - Year-over-year growth 2022-2027 (%)
• Exhibit 100: Data Table on China - Year-over-year growth 2022-2027 (%)

• 9.10 Germany - Market size and forecast 2022-2027
• Exhibit 101: Chart on Germany - Market size and forecast 2022-2027 ($ million)
• Exhibit 102: Data Table on Germany - Market size and forecast 2022-2027 ($ million)
• Exhibit 103: Chart on Germany - Year-over-year growth 2022-2027 (%)
• Exhibit 104: Data Table on Germany - Year-over-year growth 2022-2027 (%)

• 9.11 UK - Market size and forecast 2022-2027
• Exhibit 105: Chart on UK - Market size and forecast 2022-2027 ($ million)
• Exhibit 106: Data Table on UK - Market size and forecast 2022-2027 ($ million)
• Exhibit 107: Chart on UK - Year-over-year growth 2022-2027 (%)
• Exhibit 108: Data Table on UK - Year-over-year growth 2022-2027 (%)

• 9.12 Japan - Market size and forecast 2022-2027
• Exhibit 109: Chart on Japan - Market size and forecast 2022-2027 ($ million)
• Exhibit 110: Data Table on Japan - Market size and forecast 2022-2027 ($ million)
• Exhibit 111: Chart on Japan - Year-over-year growth 2022-2027 (%)
• Exhibit 112: Data Table on Japan - Year-over-year growth 2022-2027 (%)

• 9.13 Market opportunity by geography 
• Exhibit 113: Market opportunity by geography ($ million)

10 Drivers, Challenges, and Trends

• 10.1 Market drivers

• 10.2 Market challenges

• 10.3 Impact of drivers and challenges 
• Exhibit 114: Impact of drivers and challenges in 2022 and 2027

• 10.4 Market trends

11 Vendor Landscape

• 11.1 Overview

• 11.2 Vendor landscape 
• Exhibit 115: Overview on Criticality of inputs and Factors of differentiation

• 11.3 Landscape disruption 
• Exhibit 116: Overview on factors of disruption

• 11.4 Industry risks 
• Exhibit 117: Impact of key risks on business

12 Vendor Analysis

• 12.1 Vendors covered 
• Exhibit 118: Vendors covered

• 12.2 Market positioning of vendors 
• Exhibit 119: Matrix on vendor position and classification

• 12.3 AT and T Inc. 
• Exhibit 120: AT and T Inc. - Overview
• Exhibit 121: AT and T Inc. - Business segments
• Exhibit 122: AT and T Inc. - Key news
• Exhibit 123: AT and T Inc. - Key offerings
• Exhibit 124: AT and T Inc. - Segment focus

• 12.4 Broadcom Inc. 
• Exhibit 125: Broadcom Inc. - Overview
• Exhibit 126: Broadcom Inc. - Business segments
• Exhibit 127: Broadcom Inc. - Key news
• Exhibit 128: Broadcom Inc. - Key offerings
• Exhibit 129: Broadcom Inc. - Segment focus

• 12.5 Dell Technologies Inc. 
• Exhibit 130: Dell Technologies Inc. - Overview
• Exhibit 131: Dell Technologies Inc. - Business segments
• Exhibit 132: Dell Technologies Inc. - Key news
• Exhibit 133: Dell Technologies Inc. - Key offerings
• Exhibit 134: Dell Technologies Inc. - Segment focus

• 12.6 Fortinet Inc. 
• Exhibit 135: Fortinet Inc. - Overview
• Exhibit 136: Fortinet Inc. - Product / Service
• Exhibit 137: Fortinet Inc. - Key offerings

• 12.7 Hewlett Packard Enterprise Co. 
• Exhibit 138: Hewlett Packard Enterprise Co. - Overview
• Exhibit 139: Hewlett Packard Enterprise Co. - Business segments
• Exhibit 140: Hewlett Packard Enterprise Co. - Key news
• Exhibit 141: Hewlett Packard Enterprise Co. - Key offerings
• Exhibit 142: Hewlett Packard Enterprise Co. - Segment focus

• 12.8 International Business Machines Corp. 
• Exhibit 143: International Business Machines Corp. - Overview
• Exhibit 144: International Business Machines Corp. - Business segments
• Exhibit 145: International Business Machines Corp. - Key offerings
• Exhibit 146: International Business Machines Corp. - Segment focus

• 12.9 LogRhythm Inc. 
• Exhibit 147: LogRhythm Inc. - Overview
• Exhibit 148: LogRhythm Inc. - Product / Service
• Exhibit 149: LogRhythm Inc. - Key offerings

• 12.10 McAfee LLC 
• Exhibit 150: McAfee LLC - Overview
• Exhibit 151: McAfee LLC - Product / Service
• Exhibit 152: McAfee LLC - Key news
• Exhibit 153: McAfee LLC - Key offerings

• 12.11 Micro Focus International Plc 
• Exhibit 154: Micro Focus International Plc - Overview
• Exhibit 155: Micro Focus International Plc - Product / Service
• Exhibit 156: Micro Focus International Plc - Key news
• Exhibit 157: Micro Focus International Plc - Key offerings

• 12.12 Rapid7 Inc. 
• Exhibit 158: Rapid7 Inc. - Overview
• Exhibit 159: Rapid7 Inc. - Business segments
• Exhibit 160: Rapid7 Inc. - Key offerings
• Exhibit 161: Rapid7 Inc. - Segment focus

• 12.13 SolarWinds Corp. 
• Exhibit 162: SolarWinds Corp. - Overview
• Exhibit 163: SolarWinds Corp. - Product / Service
• Exhibit 164: SolarWinds Corp. - Key offerings

• 12.14 Splunk Inc. 
• Exhibit 165: Splunk Inc. - Overview
• Exhibit 166: Splunk Inc. - Product / Service
• Exhibit 167: Splunk Inc. - Key offerings

• 12.15 Tenable Holdings Inc. 
• Exhibit 168: Tenable Holdings Inc. - Overview
• Exhibit 169: Tenable Holdings Inc. - Product / Service
• Exhibit 170: Tenable Holdings Inc. - Key offerings

• 12.16 TIBCO Software Inc. 
• Exhibit 171: TIBCO Software Inc. - Overview
• Exhibit 172: TIBCO Software Inc. - Product / Service
• Exhibit 173: TIBCO Software Inc. - Key offerings

• 12.17 Trend Micro Inc. 
• Exhibit 174: Trend Micro Inc. - Overview
• Exhibit 175: Trend Micro Inc. - Product / Service
• Exhibit 176: Trend Micro Inc. - Key offerings

13 Appendix

• 13.1 Scope of the report

• 13.2 Inclusions and exclusions checklist 
• Exhibit 177: Inclusions checklist
• Exhibit 178: Exclusions checklist

• 13.3 Currency conversion rates for US$ 
• Exhibit 179: Currency conversion rates for US$

• 13.4 Research methodology 
• Exhibit 180: Research methodology
• Exhibit 181: Validation techniques employed for market sizing
• Exhibit 182: Information sources

• 13.5 List of abbreviations 
• Exhibit 183: List of abbreviations

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

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