Security Information and Event Management Market by Component, Application, Deployment Mode, Organization Size, Vertical and Region - Global Forecast to 2025
The global Security Information and Event Management (SIEM) market size are expected to grow from USD 4.2 billion in 2020 to USD 5.5 billion by 2025, at a CAGR of 5.5% during the forecast period.
The need for continuous monitoring and incident response, adhering to compliance requirements, gaining and maintaining certifications, and managing and retaining logs are the primary factors to drive the demand for the SIEM market during the forecast period.
SIEM solutions are deployed using two modes: on-premises and cloud. Depending on the requirements of organizations as well as users, companies can decide between...