Market InsightThe global security information and event management industry 2020 is planning to prepare for surge its investment in funds as it seeks to hit a 14.6% hike target in the face of the economic slowdown caused by the Coronavirus deadly disease.
The figures are accumulated by Market Research Future that focuses on the study on security information and event management market and comes out to be gaining USD 3.89 billion by the end of 2027.
The growth period is calculated to be between 2020 and 2027.Get a Free Sample @ https://www.marketresearchfuture.com/sample_request/7256Top Impacting FactorsSecurity information and event management has become imperative for running a business impeccably.
These have been some of the essential factors leading the security information and event management market to a great extent.Currently, organizations are failing to succeed in identifying the targeted attacks and compliance breaches due to work from home approach due to the impact of Coronavirus globally.
All these factors are making the security information and event management market to stay stable during COVID 19 pandemic.MRFR also digs into the fact, some more key factors responsible for the growth of security information and event management market in coming years include the growing level of sophistication in cybercrimes and mounting compliance and regulatory mandates.
On the contrary, the factor of high deployment cost and scalability of security information and event management solutions may decline the growth of the market for the future timeframe.Leading SegmentsThe security information and event management market can be briefly segmented into solution, service, organization size, and vertical.In terms of solution, global security information and event management has included patch management, log and event management, and firewall security management.In terms of service, global security information and event management has included professional service and managed service.
Market InsightThe global security information and event management market 2020 is planning to prepare for surge its investment in funds as it seeks to hit a 14.6% hike target in the face of the economic slowdown caused by the Coronavirus deadly disease.
The growth period is calculated to be between 2017 and 2023.Top Impacting FactorsSecurity information and event management has become imperative for running a business impeccably.
These have been some of the essential factors leading the SIEM market to a great extent.Currently, organizations are failing to succeed in identifying the targeted attacks and compliance breaches due to work from home approach due to the impact of Coronavirus globally.
All these factors are making the security information and event management market to stay stable during COVID 19 pandemic.MRFR also digs into the fact, some more key factors responsible for the growth of SIEM market in coming years include the growing level of sophistication in cybercrimes and mounting compliance and regulatory mandates.
On the contrary, the factor of high deployment cost and scalability of security information and event management solutions may decline the growth of the market for the future timeframe.Leading SegmentsThe SIEM market can be briefly segmented into solution, service, organization size, and vertical.In terms of solution, global security information and event management has included patch management, log and event management, and firewall security management.In terms of service, global security information and event management has included professional service and managed service.
Among these, professional service has further included consulting service, integration and deployment service, and maintenance & support service.In terms of organization size, the security information and event management has included large, small and medium-sized enterprises.In terms of vertical, the security information and event management has included IT & telecommunication, BFSI, retail, healthcare, utilities, and others.Complete Report Details @ https://www.marketresearchfuture.com/reports/security-information-and-event-management-market-7256Leading RegionsRegion-wise, the security information and event management market is studied among the main regions of Europe, North America, Asia-Pacific, and rest of the world.Among the regions mentioned, North America might lead with the largest market share during the assessment period.
Ascent InfoSec, the cybersecurity practice of Ascent Innovations LLC, is one of the Top 100 Managed Security Services Providers according to the research that evaluates MSSPs globally and 80 of these firms are based in United States.
The Managed Security services span various technologies such as Firewalls, IDS/IPS, Web & Email gateways, Advanced Threat Defense, Vulnerability Assessment, Security Information & Event Management (SIEM), and so on.
Allied Market Research forecasts that by year 2026, the Managed Security is going to be a $100 billion business.
The drivers for growth for Managed Security services are as follows:
Increase in ransomware targeting companies of all sizes
Cybersecurity talent shortage & budget limitations
