Global Security Information and Event Management Market Increasing at A Phenomenal Pace to reach more than USD 7.12 Billion by 2028

Some of key players in Security Information and Event Management market are Sumo Logic, Hewlett-Packard Company, KEYW, LogRhythm, McAfee Inc., Splunk Inc., TIBCO Software, Dell, Alert Logic, Tripwire, International Business Machines Corporation, Trustwave Holdings and EMC Corporation.

According to analysts at Zion Market Research, the Security Information and Event Management market accounted for more than USD 4.43 Billion in 2020 and is expected to reach more than USD 7.12 Billion by 2028, growing at a CAGR of more than 6.1% from 2021 to 2028.

This review is based on a report by Zion Market Research, titled “Security Information and Event Management Market by Solution (Firewall Security Management, Log and Event Management, Patch Management and Other), by Services (Consulting, Support and Integration), by Organization size (Small and Medium-Sized Enterprises and Large Enterprise) by End Use Industry (BFSI, Healthcare, Government, IT and Telecom, Retail and Hospitality, Energy and Utility, Education and Others): Global Industry Perspective, Comprehensive Analysis and Forecast, 2021 – 2028.”

Increasing level of cybercrimes to Spur Growth

“The increasing level of complexity of the cybercrimes is a major reason due to which there is a rapid growth in the Security Information and Event Management market. Other factors influencing the growth are growing compliance, regulatory mandates, advancements made in technology and increasing security awareness among the industries. However, there are also some restraining factors for the market that include scalability issues and deployment cost issues.”

Security Information and Event Management checks and monitors flow of data and identify abnormalities in the company’s data system. The core job of Security Information and Event Management is log collection and event correlation, which is done through a collection of logs from the information technology infrastructure. It is mainly used in healthcare, government and IT and telecom industries to secure confidential data against breach or threat. The security providers are constantly innovating, remodelling and upgrading their existing architecture in order to increase the efficiency of the security system. There is a rapid growth in the Security Information and Event Management market due to the increasing persistent threats and cyber-attacks. Security Information and Event Management provide better threat intelligence, better analytics, and behaviour profiling which in turn helps to detect the breaches early and take necessary preventive actions

Technology and Rapid developments to Support North America Growth

North America is anticipated to have the largest market share in the Security Information and Event Management market. This growth is due to the advancements made in technology and rapid developments in this region. Growth in North American region will be followed by regions such as Asia-Pacific, Latin America, Europe and the Middle East and Africa.  Asia Pacific is also having ample contribution in the global the Security Information and Event Management market share.

Browse the full “Security Information and Event Management Market By Solution (Firewall Security Management, Log and Event Management, Patch Management and Other), By Services (Consulting, Support and Integration), By Organization size (Small and Medium-Sized Enterprises and Large Enterprise) and By End Use Industry (BFSI, Healthcare, Government, IT and Telecom, Retail and Hospitality, Energy and Utility, Education and Others): Global Industry Perspective, Comprehensive Analysis and Forecast, 2021 – 2028.” Report at https://www.zionmarketresearch.com/report/security-information-event-management-market

The Global Security Information and Event Management Market is segmented as follows:

By Solution

• Firewall Security Management
• Log and Event Management
• Patch Management
• Others

By Services

• Consulting
• Support
• Integration

By Deployment

• Cloud Based
• On-Premise

By Organization Size

• Small and Medium-Sized Enterprises
• Large Enterprise

By End Use Industry

• BFSI
• Healthcare
• Government
• IT and telecom
• Retail and Hospitality
• Energy and Utility
• Education
• Others

By Region

• North America
  • The U.S.
  • Canada
• Europe
  • France
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa

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