Security Information and Event Management Global Market Report 2025

Description

Security information and event management, or SIEM, is a security solution that helps organizations recognize and address potential security threats and vulnerabilities before they have a chance to disrupt business operations. Security information and event management (SIEM) systems provide a comprehensive suite of services aimed at monitoring, detecting, and responding to security events within an organization's IT infrastructure.

The main solution outlooks of security information and event management are software and services. Software refers to a collection of programs, data, and instructions that enable a computer system to perform specific tasks or functions. The various deployments include cloud and on-premise, and it used in various verticals such as banking, financial services and insurance (BFSI), information technology and telecom, retail and e-commerce, healthcare and life sciences, manufacturing, government & defense, energy and utilities, others.

The security information and event management market size has grown strongly in recent years. It will grow from $5.34 billion in 2024 to $5.67 billion in 2025 at a compound annual growth rate (CAGR) of 6.1%. The growth in the historic period can be attributed to increasing regulatory compliance requirements, data breaches and cyber attacks, data explosion and complexity, and insider threats and user behavior.

The security information and event management market size is expected to see rapid growth in the next few years. It will grow to $8.62 billion in 2029 at a compound annual growth rate (CAGR) of 11.1%. The growth in the forecast period can be attributed to rising cyber threat sophistication, regulatory compliance mandate, cloud adoption and hybrid it environment, and zero trust security framework. Major trends in the forecast period include cloud-native siem, ai, and machine learning integration, zero trust architecture, extended detection and response, automation and orchestration, and edge security.

The increasing cyber threats are expected to propel the growth of the security information event management market going forward. Cyber threats refer to malicious activities and actions that pose a risk to the confidentiality, integrity, and availability of digital assets, systems, networks, and data. Cyber threats are increasing due to several factors contributing to the evolving landscape of cyber security risks such as increased connectivity, and evolving tactics employed by malicious actors. SIEM Security information and event management is instrumental in addressing cyber threats by providing organizations with comprehensive capabilities to monitor, detect, and respond to security incidents effectively. For instance, in November 2022, according to the Australian Cyber Security Centre, an Australia-based cyber security agency, the number of cybercrime reports received in 2022 was 76,000, an increase of 13% from the year before. Therefore, the rising cyber threats are driving the growth of the Security information and event management market.

Major companies operating the security information and event management market are innovating new technologies such as Security Management Outsourcing Services to increase their profitability in the market. Security Management Outsourcing Service offers businesses a group of professionals who are always on the lookout for, detecting, and responding to cyber threats. For instance, in July 2023, NTT Data a Japan-based cyber security company launched a Security Management outsourcing service. The service is intended to minimize damage in the event of an incident and to prevent incidents altogether. Beginning in July 2023, the MDR service will be offered in Japan. By the fiscal year that ends in March 2024, it will be available everywhere. As part of the organization's CSIRT, advanced security engineers with over 20 years of experience in incident response will act on behalf of client companies with the MDR service, carrying out a comprehensive set of actions to determine the cause, carry out emergency response measures, optimize recovery efforts, and prevent recurrence.

In September 2022, Fujitsu Limited, a Japan-based company that provides Hardware, Software, Cloud Services, Consulting and Professional Services, and Security Solutions acquired InPhySec Security for an undisclosed amount. The goal of Fujitsu's acquisition of InPhySec may include expanding its presence in the cybersecurity sector, integrating InPhySec's innovative technologies into its portfolio, consolidating its position in the market, accessing InPhySec's talented workforce, and driving revenue growth through enhanced offerings and expanded customer base. InPhySec is a New Zealand-based cybersecurity company that offers security information event management services.

Major companies operating in the security information and event management market are The International Business Machines Corporation, Splunk Inc., McAfee Corporation, Fortinet, Juniper Networks, FireEye, Rapid7, SolarWinds Corporation, Micro Focus (ArcSight), AT&T Cybersecurity AlienVault, Trustwave, LogRhythm, Alert Logic, Fidelis Cybersecurity, Exabeam, Securonix, Proficio, Logsign, LogPoint, Cygilant, Seceon, Gurucul, Graylog, Intel Security

North America was the largest region in the security information event management market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the security information and event management market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

The countries covered in the security information and event management market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The security information and event management market consists of revenues earned by entities by providing services such as log management, event correlation, real-time monitoring, threat detection and response, incident response orchestration, and compliance reporting. The market value includes the value of related goods sold by the service provider or included within the service offering. The security information and event management market also includes sales of SIEM software platforms, cloud-based SIEM solutions, open-source SIEM tools, SIEM appliances, and SIEM integrations and add-ons. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

Security Information and Event Management Global Market Report 2025 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.

This report focuses on security information and event management market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.

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Where is the largest and fastest growing market for security information and event management ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The security information and event management market global report from the Business Research Company answers all these questions and many more.

The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.

The market characteristics section of the report defines and explains the market.
The market size section gives the market size ($b) covering both the historic growth of the market, and forecasting its development.
The forecasts are made after considering the major factors currently impacting the market. These include:

The forecasts are made after considering the major factors currently impacting the market. These include the Russia-Ukraine war, rising inflation, higher interest rates, and the legacy of the COVID-19 pandemic.

Market segmentations break down the market into sub markets.
The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the growth trajectory of COVID-19 for all regions, key developed countries and major emerging markets.
The competitive landscape chapter gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.

Scope

Markets Covered:1) By Solution: Software; Services
2) By Deployment: Cloud; On-Premise
3) By Vertical: Banking, Financial Services And Insurance (BFSI); Information Technology And Telecom; Retail And E-commerce; Healthcare And Life Sciences; Manufacturing; Government And Defense; Energy And Utilities; Other Verticals
Subsegments:
1) By Software: On-Premises SIEM Software; Cloud-Based SIEM Software; Hybrid SIEM Solutions; Security Analytics Software
2) By Service: Managed SIEM Services; Consulting Services; Integration Services; Support And Maintenance Services
Companies Mentioned: The International Business Machines Corporation; Splunk Inc.; McAfee Corporation; Fortinet; Juniper Networks
Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA; Canada; Italy; Spain
Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Time series: Five years historic and ten years forecast.
Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,
Data segmentations: country and regional historic and forecast data, market share of competitors, market segments.
Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
Delivery format: PDF, Word and Excel Data Dashboard.

Product Code: r28949

1. Executive Summary

2. Security Information and Event Management Market Characteristics

3. Security Information and Event Management Market Trends And Strategies

4. Security Information and Event Management Market - Macro Economic Scenario Including The Impact Of Interest Rates, Inflation, Geopolitics, Covid And Recovery On The Market

5. Global Security Information and Event Management Growth Analysis And Strategic Analysis Framework

5.1. Global Security Information and Event Management PESTEL Analysis (Political, Social, Technological, Environmental and Legal Factors, Drivers and Restraints)
5.2. Analysis Of End Use Industries
5.3. Global Security Information and Event Management Market Growth Rate Analysis
5.4. Global Security Information and Event Management Historic Market Size and Growth, 2019 - 2024, Value ($ Billion)
5.5. Global Security Information and Event Management Forecast Market Size and Growth, 2024 - 2029, 2034F, Value ($ Billion)
5.6. Global Security Information and Event Management Total Addressable Market (TAM)

6. Security Information and Event Management Market Segmentation

6.1. Global Security Information and Event Management Market, Segmentation By Solution, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
Software
Services
6.2. Global Security Information and Event Management Market, Segmentation By Deployment, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
Cloud
On-Premise
6.3. Global Security Information and Event Management Market, Segmentation By Vertical, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
Banking, Financial Services And Insurance (BFSI)
Information Technology And Telecom
Retail And E-commerce
Healthcare And Life Sciences
Manufacturing
Government And Defense
Energy And Utilities
Other Verticals
6.4. Global Security Information and Event Management Market, Sub-Segmentation Of Software, By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
On-Premises SIEM Software
Cloud-Based SIEM Software
Hybrid SIEM Solutions
Security Analytics Software
6.5. Global Security Information and Event Management Market, Sub-Segmentation Of Service, By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
Managed SIEM Services
Consulting Services
Integration Services
Support And Maintenance Services

7. Security Information and Event Management Market Regional And Country Analysis

7.1. Global Security Information and Event Management Market, Split By Region, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
7.2. Global Security Information and Event Management Market, Split By Country, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

8. Asia-Pacific Security Information and Event Management Market

8.1. Asia-Pacific Security Information and Event Management Market Overview
Region Information, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies
8.2. Asia-Pacific Security Information and Event Management Market, Segmentation By Solution, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
8.3. Asia-Pacific Security Information and Event Management Market, Segmentation By Deployment, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
8.4. Asia-Pacific Security Information and Event Management Market, Segmentation By Vertical, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

9. China Security Information and Event Management Market

9.1. China Security Information and Event Management Market Overview
9.2. China Security Information and Event Management Market, Segmentation By Solution, Historic and Forecast, 2019-2024, 2024-2029F, 2034F,$ Billion
9.3. China Security Information and Event Management Market, Segmentation By Deployment, Historic and Forecast, 2019-2024, 2024-2029F, 2034F,$ Billion
9.4. China Security Information and Event Management Market, Segmentation By Vertical, Historic and Forecast, 2019-2024, 2024-2029F, 2034F,$ Billion

10. India Security Information and Event Management Market

10.1. India Security Information and Event Management Market, Segmentation By Solution, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
10.2. India Security Information and Event Management Market, Segmentation By Deployment, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
10.3. India Security Information and Event Management Market, Segmentation By Vertical, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

11. Japan Security Information and Event Management Market

11.1. Japan Security Information and Event Management Market Overview
11.2. Japan Security Information and Event Management Market, Segmentation By Solution, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
11.3. Japan Security Information and Event Management Market, Segmentation By Deployment, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
11.4. Japan Security Information and Event Management Market, Segmentation By Vertical, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

12. Australia Security Information and Event Management Market

12.1. Australia Security Information and Event Management Market, Segmentation By Solution, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
12.2. Australia Security Information and Event Management Market, Segmentation By Deployment, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
12.3. Australia Security Information and Event Management Market, Segmentation By Vertical, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

13. Indonesia Security Information and Event Management Market

13.1. Indonesia Security Information and Event Management Market, Segmentation By Solution, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
13.2. Indonesia Security Information and Event Management Market, Segmentation By Deployment, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
13.3. Indonesia Security Information and Event Management Market, Segmentation By Vertical, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

14. South Korea Security Information and Event Management Market

14.1. South Korea Security Information and Event Management Market Overview
14.2. South Korea Security Information and Event Management Market, Segmentation By Solution, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
14.3. South Korea Security Information and Event Management Market, Segmentation By Deployment, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
14.4. South Korea Security Information and Event Management Market, Segmentation By Vertical, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

15. Western Europe Security Information and Event Management Market

15.1. Western Europe Security Information and Event Management Market Overview
15.2. Western Europe Security Information and Event Management Market, Segmentation By Solution, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
15.3. Western Europe Security Information and Event Management Market, Segmentation By Deployment, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
15.4. Western Europe Security Information and Event Management Market, Segmentation By Vertical, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

16. UK Security Information and Event Management Market

16.1. UK Security Information and Event Management Market, Segmentation By Solution, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
16.2. UK Security Information and Event Management Market, Segmentation By Deployment, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
16.3. UK Security Information and Event Management Market, Segmentation By Vertical, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

17. Germany Security Information and Event Management Market

17.1. Germany Security Information and Event Management Market, Segmentation By Solution, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
17.2. Germany Security Information and Event Management Market, Segmentation By Deployment, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
17.3. Germany Security Information and Event Management Market, Segmentation By Vertical, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

18. France Security Information and Event Management Market

18.1. France Security Information and Event Management Market, Segmentation By Solution, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
18.2. France Security Information and Event Management Market, Segmentation By Deployment, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
18.3. France Security Information and Event Management Market, Segmentation By Vertical, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

19. Italy Security Information and Event Management Market

19.1. Italy Security Information and Event Management Market, Segmentation By Solution, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
19.2. Italy Security Information and Event Management Market, Segmentation By Deployment, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
19.3. Italy Security Information and Event Management Market, Segmentation By Vertical, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

20. Spain Security Information and Event Management Market

20.1. Spain Security Information and Event Management Market, Segmentation By Solution, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
20.2. Spain Security Information and Event Management Market, Segmentation By Deployment, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
20.3. Spain Security Information and Event Management Market, Segmentation By Vertical, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

21. Eastern Europe Security Information and Event Management Market

21.1. Eastern Europe Security Information and Event Management Market Overview
21.2. Eastern Europe Security Information and Event Management Market, Segmentation By Solution, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
21.3. Eastern Europe Security Information and Event Management Market, Segmentation By Deployment, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
21.4. Eastern Europe Security Information and Event Management Market, Segmentation By Vertical, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

22. Russia Security Information and Event Management Market

22.1. Russia Security Information and Event Management Market, Segmentation By Solution, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
22.2. Russia Security Information and Event Management Market, Segmentation By Deployment, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
22.3. Russia Security Information and Event Management Market, Segmentation By Vertical, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

23. North America Security Information and Event Management Market

23.1. North America Security Information and Event Management Market Overview
23.2. North America Security Information and Event Management Market, Segmentation By Solution, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
23.3. North America Security Information and Event Management Market, Segmentation By Deployment, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
23.4. North America Security Information and Event Management Market, Segmentation By Vertical, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

24. USA Security Information and Event Management Market

24.1. USA Security Information and Event Management Market Overview
24.2. USA Security Information and Event Management Market, Segmentation By Solution, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
24.3. USA Security Information and Event Management Market, Segmentation By Deployment, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
24.4. USA Security Information and Event Management Market, Segmentation By Vertical, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

25. Canada Security Information and Event Management Market

25.1. Canada Security Information and Event Management Market Overview
25.2. Canada Security Information and Event Management Market, Segmentation By Solution, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
25.3. Canada Security Information and Event Management Market, Segmentation By Deployment, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
25.4. Canada Security Information and Event Management Market, Segmentation By Vertical, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

26. South America Security Information and Event Management Market

26.1. South America Security Information and Event Management Market Overview
26.2. South America Security Information and Event Management Market, Segmentation By Solution, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
26.3. South America Security Information and Event Management Market, Segmentation By Deployment, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
26.4. South America Security Information and Event Management Market, Segmentation By Vertical, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

27. Brazil Security Information and Event Management Market

27.1. Brazil Security Information and Event Management Market, Segmentation By Solution, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
27.2. Brazil Security Information and Event Management Market, Segmentation By Deployment, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
27.3. Brazil Security Information and Event Management Market, Segmentation By Vertical, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

28. Middle East Security Information and Event Management Market

28.1. Middle East Security Information and Event Management Market Overview
28.2. Middle East Security Information and Event Management Market, Segmentation By Solution, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
28.3. Middle East Security Information and Event Management Market, Segmentation By Deployment, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
28.4. Middle East Security Information and Event Management Market, Segmentation By Vertical, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

29. Africa Security Information and Event Management Market

29.1. Africa Security Information and Event Management Market Overview
29.2. Africa Security Information and Event Management Market, Segmentation By Solution, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
29.3. Africa Security Information and Event Management Market, Segmentation By Deployment, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
29.4. Africa Security Information and Event Management Market, Segmentation By Vertical, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

30. Security Information and Event Management Market Competitive Landscape And Company Profiles

30.1. Security Information and Event Management Market Competitive Landscape
30.2. Security Information and Event Management Market Company Profiles
- 30.2.1. The International Business Machines Corporation Overview, Products and Services, Strategy and Financial Analysis
- 30.2.2. Splunk Inc. Overview, Products and Services, Strategy and Financial Analysis
- 30.2.3. McAfee Corporation Overview, Products and Services, Strategy and Financial Analysis
- 30.2.4. Fortinet Overview, Products and Services, Strategy and Financial Analysis
- 30.2.5. Juniper Networks Overview, Products and Services, Strategy and Financial Analysis

31. Security Information and Event Management Market Other Major And Innovative Companies

31.1. FireEye
31.2. Rapid7
31.3. SolarWinds Corporation
31.4. Micro Focus (ArcSight)
31.5. AT&T Cybersecurity AlienVault
31.6. Trustwave
31.7. LogRhythm
31.8. Alert Logic
31.9. Fidelis Cybersecurity
31.10. Exabeam
31.11. Securonix
31.12. Proficio
31.13. Logsign
31.14. LogPoint
31.15. Cygilant

32. Global Security Information and Event Management Market Competitive Benchmarking And Dashboard

33. Key Mergers And Acquisitions In The Security Information and Event Management Market

34. Recent Developments In The Security Information and Event Management Market

35. Security Information and Event Management Market High Potential Countries, Segments and Strategies

35.1 Security Information and Event Management Market In 2029 - Countries Offering Most New Opportunities
35.2 Security Information and Event Management Market In 2029 - Segments Offering Most New Opportunities
35.3 Security Information and Event Management Market In 2029 - Growth Strategies
- 35.3.1 Market Trend Based Strategies
- 35.3.2 Competitor Strategies

36. Appendix

36.1. Abbreviations
36.2. Currencies
36.3. Historic And Forecast Inflation Rates
36.4. Research Inquiries
36.5. The Business Research Company
36.6. Copyright And Disclaimer