Market Highlights
A security information and event management is a
solution used by customers and enterprises to register the log details before
of after any security event. The major factors that contribute the market
growth is the increasing cyber crime rates in the US and economically stable
European countries. Most the businesses that function over cloud face security
breach as a major challenge.
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Key Players
The key players in the security information and event
management market are identified across all the major regions based on their
country of origin, presence across different regions, recent key developments,
product diversification, and industry expertise. Some of them are—Dell EMC
(US), Hewlett Packard Enterprise Company (US), IBM Corporation (US), Logrhythm
Inc (US), McAfee LLC (US), Solarwinds Inc (US), Splunk Inc (US), Symantec
Corporation (US), TrendMicro Inc (Japan), Trustwave Holdings Inc (US), Assuria
Ltd (UK), and TIBCO Software Inc (US).
Apart from the top key players, the other players
contribute nearly 30–35 % in the security information and event management
market. These include LogPoint A/S (Denmark), AlienVault Inc (US), Micro Focus
International PLC (UK), Elastic NV (Netherlands), Exabeam (US), Fortinet Inc
(US), Rapid7 Inc (US), ManageEngine (US), EventTracker (US), FireEye Inc (US),
Graylog (US), Securonix (US)), HanSight (China), Venustech (China), Tripwire
Inc (US), Comodo Group (US), and others.
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Segmentation
The global security information and event management
market is segmented into solution, service, organization size, vertical and
region.
By solution, the global security information and event
management is segmented into log and event management, patch management, and
firewall security management.
By service, the global security information and event
management is segmented into professional service, and managed service.
Professional service is further segmented into integration and deployment
service, consulting service, and maintenance & support service.
By organization size, the global security information
and event management is segmented into large enterprise and small and medium
sized enterprises.
By vertical, the global security information and event
management is segmented into BFSI, IT & telecommunication, healthcare,
retail, utilities, and others.
By region, the security information and event
management market is segmented into North America, Europe, Asia-Pacific, and
rest of the world.
Regional analysis
The global market for security information and event
management is estimated to grow at a significant rate during the forecast
period from 2018 to 2023. The geographical analysis of security information and
event management market is studied for North America, Europe, Asia-Pacific, and
the rest of the world (including the Middle East, Africa, and Latin America).
Among the regions mentioned, North America is
anticipated to have the largest market share during the forecast period. The
major factor contributing towards the growth of security information and event
management market is owing to the rapid advancement in security technologies
and end-user application. Moreover, the US occupies nearly 75-80% of the major
key players operating in this market. North America is followed by Asia-Pacific
and Europe having nearly 22% and 18% market share.
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