Global Security Analytics And SIEM Platforms Market Size By Components (Components, Consulting, Support, Solutions), By Deployment (Cloud and On-Premises), By Application Type (Web Security Analytics, Network Security Analytics, Endpoint Security Analytics), By Vertical (Government and Defence, Banking, Financial Components), By Geographic Scope And Forecast

Security Analytics And SIEM Platforms Market Size And Forecast

Security Analytics And SIEM Platforms Market size is growing at a faster pace with substantial growth rates over the last few years and is estimated that the market will grow significantly in the forecasted period i.e. 2021 to 2028.

So, what's fueling the growth in this market? Well, think about itmore and more people are getting online and using mobile devices across the globe. Plus, industries are undergoing a massive digital transformation, and we're all consuming tons of big data. All of this is really pushing things forward. To really show off their digital skills, the next wave of industrial companies will need cloud-enhanced platforms for development. And, because businesses are needing to offer more, use cloud-based solutions more often, and provide flexible work arrangements, along with better internet access, the market just keeps growing. To understand it all, the Global Security Analytics And SIEM Platforms Market report gives a complete picture, digging into key segments, trends, what's helping or hindering growth, who the competitors are, and what's really making a difference.

Global Security Analytics And SIEM Platforms Market Definition

Okay, so think of Security Analytics And SIEM Platforms like thisinstead of keeping all your files and programs on your own computer or server, you're basically renting space and using resources from a bunch of powerful computers somewhere out there on the Internet. It's like having a big digital workspace where everyone on your team can look at the same information at the same time. Security Analytics And SIEM Platforms? It's really just a way for companies to give you access to computer power and software tools online, kind of like how you pay for electricity – you only pay for the storage, bandwidth, and processing power you actually use.

The use of Security Analytics And SIEM Platforms technology not only gives cost benefits but also makes applications accessible to all devices in the network at any time and from any location. Security Analytics And SIEM Platforms offer numerous benefits over on-premises hardware infrastructure, such as faster deployment, low cost, scalability, mobility support, disaster recovery, and less burden on IT staff to maintain the systems.

Global Security Analytics And SIEM Platforms Market Overview

The Components segment is projected to grow based on components, at a higher CAGR during the forecast period. An integral part of the Security Analytics And SIEM Platforms Market is constituted by the Components segment. It involves the support of security vendors offered for maintenance of security analytics solutions and the efficient use to assist their customers. The security-related instances has increased the rates which demands the organizations to adopt Components to address the risks, security analytics, in the constantly evolving global threat landscape.

The Security Analytics And SIEM Platforms Market is classified into two main types professional Components and managed Components. Professional Components have been further categorized into maintenance, support, consulting and training and education. Further to strengthen the security operations these Components helps the organizations. It is projected to have highest market share in the Security Analytics And SIEM Platforms Market is network security analytics segment from the applications during the estimated period.

By implementing real-time monitoring of servers, endpoints and network traffic, network logs, and diverse event data from applications and perform forensic analysis organizations can get to know such network attacks in a good way with the assistance of security analytics solutions. Without any need of an Information Technology (IT) staff to handle the software Cloud deployment of security analytics solutions allow users to deploy security analytics solutions. The task of keeping a track on the security system is granted to the vendor or can be done internally.

The system offers web-based management and enterprise-class protection. The cloud-based market of security analytics solutions is growing opting for these Components with SMEs. The Software as a Components (SaaS) model of deployment, organizations can understand such network attacks in a better way and is generating demand for cloud-based security organizations can understand such network attacks in a better way. The major providers of cloud-based security analytics solutions are FireEye Splunk and IBM.

Global Security Analytics And SIEM Platforms MarketSegmentation Analysis

The Global Security Analytics And SIEM Platforms Market is segmented based on Components, Deployment, Application Type, Vertical, and Geography.

Security Analytics And SIEM Platforms Market, By Components

• Components
• Consulting
• Support
• Solutions
• Managed Components
• Professional Components and Maintenance
• Training and Education

Based on Components, the market is segmented into Components, Consulting, Support, Solutions, Managed Components, Professional Components and Maintenance, Training, and Education.

Security Analytics And SIEM Platforms Market, By Deployment

• Cloud
• On-Premises

Based on Deployment, the market is segmented into Cloud and On-Premises.

Security Analytics And SIEM Platforms Market, By Application Type

• Web Security Analytics
• Network Security Analytics
• Endpoint Security Analytics
• Application Security Analytics

Based on Application Type, the market is segmented into Web Security Analytics, Network Security Analytics, Endpoint Security Analytics, and Application Security Analytics.

Security Analytics And SIEM Platforms Market, By Vertical

• Government and Defence
• Banking
• Financial Components
• Insurance (BFSI)
• Consumer Goods and Retail
• IT and Telecom
• Healthcare
• Energy and Utilities
• Manufacturing

Based on Vertical, the market is segmented into Government and Defence, Banking, Financial Components, Insurance (BFSI), Consumer Goods and Retail, IT and Telecom, Healthcare, Energy and Utilities, and Manufacturing.

Security Analytics And SIEM Platforms Market, By Geography

• North America
• Europe
• Asia Pacific
• Rest of the world

Okay, so when we look at the Global Security Analytics And SIEM Platforms Market based on Geography, we see it's broken down into North America, Europe, Asia Pacific, and well, everywhere else! In 2019, North America was the big player, mainly because they jumped on the Security Analytics And SIEM Platforms bandwagon early on. Plus, you've got tons of companies there all using different tech, which really helps them solidify their lead. Europe isn't far behind, especially in places like Sweden, France, Germany, and Finland, where they've really embraced these platforms. And guess what? The Asia Pacific region is expected to explode with growth! This is thanks to a growing skilled workforce and the focus from both smaller businesses (SMEs) and big companies, all trying to get in on the action. That's helping to boost cloud computing in that part of the world.

Key Players

The “Global Security Analytics And SIEM Platforms Market” study report will provide a treasurable insight with prominence on the global market. The major players in the market are Alert Logic, AlienVault, Assuria, BAE Systems, BlackStratus, Logpoint, LogRhythm, CorreLog, Fortinet, IBM, Cygilant, Dell, Exabeam, Logentries, Logsign, Zoho, McAfee, Micro Focus, RSA, and Securonix. The competitive landscape section also includes market share, market ranking analysis, and key development strategies of the above-mentioned players globally.

Key Developments

• In August 2021, Sumo Logic and SYNNEX Collaborate to Deliver Modern Cloud-Native Security Solutions. This new agreement will deliver a customizable cloud-native security practice leveraging Sumo Logic’s Practice Builder program built on its Continuous Intelligence Platform™. This agreement will enable customers to get full-spectrum visibility across their on-premises and cloud environments to prioritize security insights, rapidly respond to threats in real-time, enforce security and compliance policies and achieve greater cyber resilience.

• In August 2021, Elastic the company behind Elasticsearch and the Elastic Stack announced the launch and general availability of the industry’s first free and open Limitless Extended Detection and Response (XDR). As part of Elastic Security, Elastic Limitless XDR modernizes security operations by unifying the capabilities of security information and event management (SIEM), security analytics, and endpoint security.

• In July 2021, Securonix, Inc., a leader in Next-Gen SIEM, announced a strategic technology partnership with PwC India. As PwC continues to scale its operations with Cyber Protection Centers and Active Threat Monitoring programs, it has selected the Securonix security operations and analytics platform as its next-generation SIEM solution of choice.

• In December 2019, Rapid7 announced the launch of its cloud SIEM service, InsightIDR, on the AWS marketplace. For searches, dashboards, and compliances, InsightIDR also provides unified log management.

• In September 2019, McAfee and Oracle joined to improve McAfee’s SIEM capabilities in the cloud. On the Oracle Cloud Infrastructure, enterprises can finish the entire implementation in three days and offer adaptable architecture to fulfill ever-changing client expectations regardless of the present topology. Security teams would be able to work more efficiently and cost-effectively as a result of this.

• In March 2019, User and Entity Behavior Analytics (UEBA) was added to ManageEngine’s SIEM product, Log360. Log360, the company’s SIEM solution, allows users to collect, analyze, monitor, correlate, and archive data in real-time.

• In March 2019, RSA expanded its SIEM capabilities to combat digital hazards with expanded analytics. The RSA NetWitness Platform, a new version of the company’s SIEM solution, uses Machine Learning (ML) models based on deep endpoint observations to quickly detect anomalies in user behavior and find growing threats.

• In July 2018, ManageEngine’s SIEM solution’s log management features were extended to the cloud. On Zoho’s secure cloud platform, businesses can now store and manage network log data.

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We'll dig into the market, looking at both the numbers and the less obvious stuff that shapes it. We'll give you the market size in good old USD Billion for every slice and dice of the market. Plus, we'll point out which region and segment we think will grow the fastest and be the biggest. You'll see a geographic breakdown that highlights where the product/service is being used the most, and what's influencing the market in each area. We'll also map out the competitive scene, showing the top players and what they've been up to – new stuff they're launching, partnerships they're forming, how they're expanding, and who they're buying. You'll get detailed profiles of the major players, including an overview, insights, how their products stack up, and a SWOT analysis. We'll cover both the current and future outlook, highlighting what's driving growth and the challenges ahead, both in new and established markets. Expect an in-depth look at the market from all angles using Porter's five forces. We'll give you a Value Chain view for added insight. We'll round it out with a market dynamics scenario and growth opportunities for the future. Oh, and don't forget the 6-month analyst support after your purchase!

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