Global Modern SIEM Market, Global, 2023-2028

Description

Modern SIEM is Experiencing Transformational Growth Due to the Increasing Demand for Real-time Log Analysis and Automatic Detection

The modern SIEM market is projected to grow from $6.27 billion in 2023 to $12.10 billion by 2028, reflecting a robust compound annual growth rate (CAGR) of 14.1%. This upward trend signifies organizations' growing recognition of the importance of modern SIEM solutions in enhancing their cybersecurity frameworks. With the escalation of cyberthreats in both frequency and sophistication, organizations are prioritizing comprehensive solutions that not only protect their data but also enhance their overall security posture and resilience.

The integration of advanced capabilities, such as user and entity behavior analytics (UEBA) and security orchestration, automation, and response (SOAR) within modern SIEM platforms, is a key driver of market growth. These technologies enhance threat detection accuracy and expedite incident response, providing organizations with the visibility and control required to navigate today's complex threat landscape. The inclusion of UEBA offers deep behavioral insights, allowing the identification of insider threats and compromised accounts, while SOAR capabilities emphasize automation, streamlining response processes to reduce manual effort and alleviate the burden on security teams.

As organizations increasingly adopt these converged platforms, they benefit from a unified, automated approach that improves scalability, aligns security strategies with business objectives, and ensures compliance. The convergence of SIEM, SOAR, and UEBA positions modern SIEM as an essential solution for enterprises striving to enhance their security posture in an evolving threat environment.

Product Code: PFN9-74

Growth Opportunities: Research Scope

Market Definition and Scope of Analysis
Segmentation

Growth Environment: Transformation in the Modern SIEM Market

Why is it Increasingly Difficult to Grow?
The Strategic Imperative 8™
The Impact of the Top 3 Strategic Imperatives on the Global Modern SIEM Industry

Ecosystem in the Modern SIEM Market

Competitive Environment
Key Competitors

Growth Generator in the Modern SIEM Market

Growth Metrics
Growth Drivers
Growth Restraints
Forecast Considerations
Revenue Forecast
Revenue Forecast Analysis
Revenue Forecast by Region
Revenue Forecast Analysis by Region
Revenue Forecast by Technology
Revenue Forecast Analysis by Technology
Revenue Forecast by Industry Vertical
Revenue Forecast Analysis by Industry Vertical
Pricing Trends and Forecast Analysis
Revenue Share
Revenue Share Analysis-Splunk
Revenue Share Analysis-Microsoft
Revenue Share Analysis-IBM
Revenue Share Analysis-Elastic
Revenue Share Analysis-LogRhythm
Revenue Share Analysis-Rapid7
Revenue Share Analysis-Fortinet
Revenue Share Analysis-Sumo Logic
Revenue Share Analysis-NetWitness
Revenue Share Analysis-Securonix
Revenue Share Analysis-OpenText
Revenue Share Analysis-Palo Alto Networks
Revenue Share Analysis-ManageEngine
Revenue Share Analysis-NSFOCUS
Revenue Share Analysis-Gurucul
Revenue Share Analysis-Logpoint

Growth Opportunity Universe in the Modern SIEM Market

Growth Opportunity 1: SIEM Market Consolidation
Growth Opportunity 2: Emerging Technology Integration
Growth Opportunity 3: Geographic Market Shift

Insights for CISOs

Frost & Sullivan's Global Cybersecurity End-user Survey Results
Pros and Cons of SIEM Solutions
Deciding between On-premise or MSS SIEM Solutions
Frost & Sullivan's Advice on Which Solution to Choose

Appendix & Next Steps

Benefits and Impacts of Growth Opportunities
Next Steps
List of Exhibits
Legal Disclaimer