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PUBLISHER: The Insight Partners | PRODUCT CODE: 1510759

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PUBLISHER: The Insight Partners | PRODUCT CODE: 1510759

Asia Pacific Security Information and Event Management Market Forecast to 2030 - Regional Analysis - by Component, Deployment Mode, Enterprise Size, and End User

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The Asia Pacific security information and event management market are expected to grow from US$ 1,105.10 million in 2022 to US$ 2,232.62 million by 2030. It is estimated to grow at a CAGR of 9.2% from 2022 to 2030.

Surge in Need for Modern Security Solutions to Manage and Monitor High Volume of Security Alerts Boosts Asia Pacific Security Information and Event Management Market

Security breaches pose a persistent threat to security operations teams, with severe repercussions, including business loss, damaged brand reputation, and decreased revenue. Many businesses rely on automated solutions that provide real-time analysis of security warnings to successfully reduce risk. Modernized SIEM solutions are becoming more popular as these solutions help manage a high volume of security alerts and the complexities involved with old security infrastructure. For instance, according to a 2020 report published by Help Net Security, in the last five years, the number of security warnings has more than doubled for 70% of the firms. Also, 99% of respondents agree that a lot of warnings are a huge issue for IT security teams. "Alert fatigue" (overwhelming number of alerts desensitizes the people tasked with responding to them, leading to missed or ignored alerts or delayed responses) is reported by 83% of security personnel. Security teams are often inundated with notifications, some of which are false positives; however, in many cases, real security cases get frequently ignored. As a result, security-related problems that are left unnoticed, when not handled immediately or at all, can lead to a significant data breach. to reduce the amount of time an attacker has to conduct an attack, security problems should be detected and handled as quickly as feasible. For instance, according to a 2023 report published by Help Net Security, SOC teams spend approximately three hours per day manually triaging the 4,484 alerts they get on a daily basis. Security analysts report that 83% of warnings are false positives and not worth their time and that they are unable to handle 67% of the daily alerts they receive. Such incidents generate the need for automated SIEM solutions that include features such as incident response automation so that security teams no longer have to follow traditional, repetitive response procedures. Thus, a surge in the need for modern security solutions to manage and monitor a high volume of security alerts drives the security information and event management market.

Asia Pacific Security Information and Event Management Market Overview

There are several prominent IT service providers in Asia Pacific. The top five providers of IT services in Asia Pacific are Hitachi Ltd, Fujitsu Ltd, NEC Corp, Tata Consultancy Services Ltd, and NTT DATA Corp. IT security has emerged as a critical issue for all enterprises, regardless of sector or size. According to the "Future of Cybersecurity in Asia Pacific and Japan" report by Sophos and Tech Research Asia (TRA), organizations in Asia Pacific are becoming more mature with cybersecurity; however, they are still being struck by a variety of cyberattacks, with 56% experiencing the hit of cyberattacks in 2021, up from 32% in 2019. This has increased the demand for a security management system that is well-integrated with the company's IT infrastructure and provides efficient performance at a reasonable price. Security information and event management provides log, threat, and event management at a low cost and with a single solution to reduce the burden of administering multiple security solutions to enhance their customer experiences, industry participants are providing cutting-edge security information and event management platforms and services. For instance, Securonix, Inc., one of the top Next-Gen SIEM vendors, introduced Securonix Jupiter, its newest service over its cloud-native SIEM platform, in April 2021. This launch offers new and enhanced features to improve time-to-value and user experiences for security analysts, respond to and detect advanced threats accurately and more quickly, and add flexible SaaS service options to optimize performance and cost. Such developments are anticipated to open significant potential opportunities for the security information and event management market during the projection period.

Asia Pacific Security Information and Event Management Market Revenue and Forecast to 2030 (US$ Million)

Asia Pacific Security Information and Event Management Market Segmentation

The Asia Pacific security information and event management market are segmented into component, deployment mode, enterprise size, end user, and country.

Based on component, the Asia Pacific security information and event management market are bifurcated into software and services. The software segment held a larger share of the Asia Pacific security information and event management market in 2022.

In terms of deployment mode, the Asia Pacific security information and event management market are bifurcated into cloud and on-premise. The cloud segment held a larger share of the Asia Pacific security information and event management market in 2022.

Based on enterprise size, the Asia Pacific security information and event management market are segmented into SMEs and large enterprises. The large enterprises segment held a larger share of the Asia Pacific security information and event management market in 2022.

Based on end user, the Asia Pacific security information and event management market is segmented into IT and telecommunication, BFSI, healthcare, government, and others. The IT and telecommunication segment held the largest share of the Asia Pacific security information and event management market in 2022.

By country, the Asia Pacific security information and event management market are segmented into China, Japan, India, South Korea, Australia, and the Rest of Asia Pacific. China dominated the Asia Pacific security information and event management market in 2022.

AT&T Inc; International Business Machines Corp; LogRhythm Inc; SolarWinds Worldwide, LLC; Splunk Inc; Fortinet Inc; Zoho Corporation Pvt Ltd; and Logpoint AS are some of the leading companies operating in the Asia Pacific security information and event management market.

Product Code: TIPRE00004309

Table Of Contents

1. Introduction

  • 1.1 The Insight Partners Research Report Guidance
  • 1.2 Market Segmentation

2. Executive Summary

  • 2.1 Key Insights
  • 2.2 Market Attractiveness

3. Research Methodology

  • 3.1 Coverage
  • 3.2 Secondary Research
  • 3.3 Primary Research

4. Asia Pacific Security Information and Event Management Market Landscape

  • 4.1 Overview
  • 4.2 Ecosystem Analysis
    • 4.2.1 Service Providers
    • 4.2.2 End User Industry
    • 4.2.3 List of Vendors in Value Chain

5. Asia Pacific Security Information and Event Management Market - Key End User Dynamics

  • 5.1 Security Information and Event Management Market - Key End User Dynamics
  • 5.2 Market Drivers
    • 5.2.1 Rise in Cybersecurity Incidents
    • 5.2.2 Surge in Need for Modern Security Solutions to Manage and Monitor High Volume of Security Alerts
    • 5.2.3 Rise in Popularity of SaaS Model
  • 5.3 Market Restraints
    • 5.3.1 Lack of Skilled Personnel and Increased Complexity of Managing SIEM Solutions
    • 5.3.2 High Cost of Implementation
  • 5.4 Market Opportunities
    • 5.4.1 Increasing Need for Monitoring Compliance Standards in Organizations
    • 5.4.2 Rising Need for Threat Monitoring and Detection in Changing Retail Industry
  • 5.5 Future Trends
    • 5.5.1 Integration of SIEM Solutions with Predictive Analytics
  • 5.6 Impact of Drivers and Restraints:

6. Security Information and Event Management Market - Asia Pacific Market Analysis

  • 6.1 Asia Pacific Security Information and Event Management Market Revenue (US$ Million), 2020 - 2030
  • 6.2 Asia Pacific Security Information and Event Management Market Forecast and Analysis

7. Asia Pacific Security Information and Event Management Market - Component

  • 7.1 Solution
    • 7.1.1 Overview
    • 7.1.2 Solution Market, Revenue and Forecast to 2030 (US$ Million)
  • 7.2 Services
    • 7.2.1 Overview
    • 7.2.2 Services Market, Revenue and Forecast to 2030 (US$ Million)

8. Asia Pacific Security Information and Event Management Market - Deployment Mode

  • 8.1 Cloud
    • 8.1.1 Overview
    • 8.1.2 Cloud Market Revenue and Forecast to 2030 (US$ Million)
  • 8.2 On-Premise
    • 8.2.1 Overview
    • 8.2.2 On-Premise Market Revenue and Forecast to 2030 (US$ Million)

9. Asia Pacific Security Information and Event Management Market- Enterprise Size

  • 9.1 Large Enterprise
    • 9.1.1 Overview
    • 9.1.2 Large Enterprise Market Revenue and Forecast to 2030 (US$ Million)
  • 9.2 SMEs
    • 9.2.1 Overview
    • 9.2.2 SMEs Market Revenue and Forecast to 2030 (US$ Million)

10. Asia Pacific Security Information and Event Management Market - End User

  • 10.1 IT and telecommunication
    • 10.1.1 Overview
    • 10.1.2 IT and telecommunication Market Revenue and Forecast to 2030 (US$ Million)
  • 10.2 BFSI
    • 10.2.1 Overview
    • 10.2.2 BFSI Market Revenue and Forecast to 2030 (US$ Million)
  • 10.3 Healthcare
    • 10.3.1 Overview
    • 10.3.2 Healthcare Market Revenue and Forecast to 2030 (US$ Million)
  • 10.4 Government
    • 10.4.1 Overview
    • 10.4.2 Government Market Revenue and Forecast to 2030 (US$ Million)
  • 10.5 Others
    • 10.5.1 Overview
    • 10.5.2 Others Market Revenue and Forecast to 2030 (US$ Million)

11. Asia Pacific Security Information and Event Management Market - Country Analysis

  • 11.1 Asia Pacific
    • 11.1.1 Asia Pacific Security Information and Event Management Market Overview
    • 11.1.2 Asia Pacific Security Information and Event Management Market, By Key Country - Revenue 2022 (US$ Mn)
    • 11.1.3 Asia Pacific Security Information and Event Management Market Revenue and Forecasts and Analysis - By Country
      • 11.1.3.1 Asia Pacific Security Information and Event Management Market Revenue and Forecasts and Analysis - By Country
      • 11.1.3.2 China Security Information and Event Management Market Revenue and Forecasts to 2030 (US$ Mn)
        • 11.1.3.2.1 China Security Information and Event Management Market Breakdown by Component
        • 11.1.3.2.2 China Security Information and Event Management Market Breakdown by Deployment Mode
        • 11.1.3.2.3 China Security Information and Event Management Market Breakdown by Enterprise Size
        • 11.1.3.2.4 China Security Information and Event Management Market Breakdown by End User
      • 11.1.3.3 Japan Security Information and Event Management Market Revenue and Forecasts to 2030 (US$ Mn)
        • 11.1.3.3.1 Japan Security Information and Event Management Market Breakdown by Component
        • 11.1.3.3.2 Japan Security Information and Event Management Market Breakdown by Deployment Mode
        • 11.1.3.3.3 Japan Security Information and Event Management Market Breakdown by Enterprise Size
        • 11.1.3.3.4 Japan Security Information and Event Management Market Breakdown by End User
      • 11.1.3.4 India Security Information and Event Management Market Revenue and Forecasts to 2030 (US$ Mn)
        • 11.1.3.4.1 India Security Information and Event Management Market Breakdown by Component
        • 11.1.3.4.2 India Security Information and Event Management Market Breakdown by Deployment Mode
        • 11.1.3.4.3 India Security Information and Event Management Market Breakdown by Enterprise Size
        • 11.1.3.4.4 India Security Information and Event Management Market Breakdown by End User
      • 11.1.3.5 South Korea Security Information and Event Management Market Revenue and Forecasts to 2030 (US$ Mn)
        • 11.1.3.5.1 South Korea Security Information and Event Management Market Breakdown by Component
        • 11.1.3.5.2 South Korea Security Information and Event Management Market Breakdown by Deployment Mode
        • 11.1.3.5.3 South Korea Security Information and Event Management Market Breakdown by Enterprise Size
        • 11.1.3.5.4 South Korea Security Information and Event Management Market Breakdown by End User
      • 11.1.3.6 Australia Security Information and Event Management Market Revenue and Forecasts to 2030 (US$ Mn)
        • 11.1.3.6.1 Australia Security Information and Event Management Market Breakdown by Component
        • 11.1.3.6.2 Australia Security Information and Event Management Market Breakdown by Deployment Mode
        • 11.1.3.6.3 Australia Security Information and Event Management Market Breakdown by Enterprise Size
        • 11.1.3.6.4 Australia Security Information and Event Management Market Breakdown by End User
      • 11.1.3.7 Rest of Asia Pacific Security Information and Event Management Market Revenue and Forecasts to 2030 (US$ Mn)
        • 11.1.3.7.1 Rest of Asia Pacific Security Information and Event Management Market Breakdown by Component
        • 11.1.3.7.2 Rest of Asia Pacific Security Information and Event Management Market Breakdown by Deployment Mode
        • 11.1.3.7.3 Rest of Asia Pacific Security Information and Event Management Market Breakdown by Enterprise Size
        • 11.1.3.7.4 Rest of Asia Pacific Security Information and Event Management Market Breakdown by End User

12. Industry Landscape

  • 12.1 Overview
  • 12.2 Market Initiative
  • 12.3 Product Development
  • 12.4 Mergers & Acquisitions

13. Company Profiles

  • 13.1 AT&T Inc
    • 13.1.1 Key Facts
    • 13.1.2 Business Description
    • 13.1.3 Products and Services
    • 13.1.4 Financial Overview
    • 13.1.5 SWOT Analysis
    • 13.1.6 Key Developments
  • 13.2 International Business Machines Corp
    • 13.2.1 Key Facts
    • 13.2.2 Business Description
    • 13.2.3 Products and Services
    • 13.2.4 Financial Overview
    • 13.2.5 SWOT Analysis
    • 13.2.6 Key Developments
  • 13.3 LogRhythm Inc
    • 13.3.1 Key Facts
    • 13.3.2 Business Description
    • 13.3.3 Products and Services
    • 13.3.4 Financial Overview
    • 13.3.5 SWOT Analysis
    • 13.3.6 Key Developments
  • 13.4 SolarWinds Worldwide, LLC
    • 13.4.1 Key Facts
    • 13.4.2 Business Description
    • 13.4.3 Products and Services
    • 13.4.4 Financial Overview
    • 13.4.5 SWOT Analysis
    • 13.4.6 Key Developments
  • 13.5 Splunk Inc
    • 13.5.1 Key Facts
    • 13.5.2 Business Description
    • 13.5.3 Products and Services
    • 13.5.4 Financial Overview
    • 13.5.5 SWOT Analysis
    • 13.5.6 Key Developments
  • 13.6 Fortinet Inc
    • 13.6.1 Key Facts
    • 13.6.2 Business Description
    • 13.6.3 Products and Services
    • 13.6.4 Financial Overview
    • 13.6.5 SWOT Analysis
    • 13.6.6 Key Developments
  • 13.7 Zoho Corporation Pvt Ltd
    • 13.7.1 Key Facts
    • 13.7.2 Business Description
    • 13.7.3 Products and Services
    • 13.7.4 Financial Overview
    • 13.7.5 SWOT Analysis
    • 13.7.6 Key Developments
  • 13.8 Logpoint AS
    • 13.8.1 Key Facts
    • 13.8.2 Business Description
    • 13.8.3 Products and Services
    • 13.8.4 Financial Overview
    • 13.8.5 SWOT Analysis
    • 13.8.6 Key Developments

14. Appendix

  • 14.1 About the Insight Partners
  • 14.2 Word Index
Product Code: TIPRE00004309

List Of Tables

  • Table 1. Security Information and Event Management Market Segmentation
  • Table 2. Asia Pacific Security Information and Event Management Market Revenue and Forecasts to 2030 (US$ Million)
  • Table 3. Asia Pacific Security Information and Event Management Market Revenue and Forecasts to 2030 (US$ Million) - Component
  • Table 4. Security Information and Event Management Market Revenue and Forecasts to 2030 (US$ Million) - Deployment Mode
  • Table 5. Security Information and Event Management Market Revenue and Forecasts to 2030 (US$ Million) - Enterprise Size
  • Table 6. Security Information and Event Management Market Revenue and Forecasts to 2030 (US$ Million) - End User
  • Table 7. Asia Pacific Security Information and Event Management Market Revenue and Forecasts to 2030 (US$ Mn) - By Country
  • Table 8. China Security Information and Event Management Market Revenue and Forecasts to 2030 (US$ Mn) - By Component
  • Table 9. China Security Information and Event Management Market Revenue and Forecasts to 2030 (US$ Mn) - By Deployment Mode
  • Table 10. China Security Information and Event Management Market Revenue and Forecasts to 2030 (US$ Mn) - By Enterprise Size
  • Table 11. China Security Information and Event Management Market Revenue and Forecasts to 2030 (US$ Mn) - By End User
  • Table 12. Japan Security Information and Event Management Market Revenue and Forecasts to 2030 (US$ Mn) - By Component
  • Table 13. Japan Security Information and Event Management Market Revenue and Forecasts to 2030 (US$ Mn) - By Deployment Mode
  • Table 14. Japan Security Information and Event Management Market Revenue and Forecasts to 2030 (US$ Mn) - By Enterprise Size
  • Table 15. Japan Security Information and Event Management Market Revenue and Forecasts to 2030 (US$ Mn) - By End User
  • Table 16. India Security Information and Event Management Market Revenue and Forecasts to 2030 (US$ Mn) - By Component
  • Table 17. India Security Information and Event Management Market Revenue and Forecasts to 2030 (US$ Mn) - By Deployment Mode
  • Table 18. India Security Information and Event Management Market Revenue and Forecasts to 2030 (US$ Mn) - By Enterprise Size
  • Table 19. India Security Information and Event Management Market Revenue and Forecasts to 2030 (US$ Mn) - By End User
  • Table 20. South Korea Security Information and Event Management Market Revenue and Forecasts to 2030 (US$ Mn) - By Component
  • Table 21. South Korea Security Information and Event Management Market Revenue and Forecasts to 2030 (US$ Mn) - By Deployment Mode
  • Table 22. South Korea Security Information and Event Management Market Revenue and Forecasts to 2030 (US$ Mn) - By Enterprise Size
  • Table 23. South Korea Security Information and Event Management Market Revenue and Forecasts to 2030 (US$ Mn) - By End User
  • Table 24. Australia Security Information and Event Management Market Revenue and Forecasts to 2030 (US$ Mn) - By Component
  • Table 25. Australia Security Information and Event Management Market Revenue and Forecasts to 2030 (US$ Mn) - By Deployment Mode
  • Table 26. Australia Security Information and Event Management Market Revenue and Forecasts to 2030 (US$ Mn) - By Enterprise Size
  • Table 27. Australia Security Information and Event Management Market Revenue and Forecasts to 2030 (US$ Mn) - By End User
  • Table 28. Rest of Asia Pacific Security Information and Event Management Market Revenue and Forecasts to 2030 (US$ Mn) - By Component
  • Table 29. Rest of Asia Pacific Security Information and Event Management Market Revenue and Forecasts to 2030 (US$ Mn) - By Deployment Mode
  • Table 30. Rest of Asia Pacific Security Information and Event Management Market Revenue and Forecasts to 2030 (US$ Mn) - By Enterprise Size
  • Table 31. Rest of Asia Pacific Security Information and Event Management Market Revenue and Forecasts to 2030 (US$ Mn) - By End User
  • Table 32. List of Abbreviation

List Of Figures

  • Figure 1. Security Information and Event Management Market Segmentation, By Country
  • Figure 2. Ecosystem: Security Information and Event Management Market
  • Figure 3. Impact Analysis of Drivers and Restraints
  • Figure 4. Asia Pacific Security Information and Event Management Market Revenue (US$ Million), 2020 - 2030
  • Figure 5. Asia Pacific Security Information and Event Management Market Share (%) - Component, 2022 and 2030
  • Figure 6. Solution Market Revenue and Forecasts to 2030 (US$ Million)
  • Figure 7. Services Market Revenue and Forecasts to 2030 (US$ Million)
  • Figure 8. Security Information and Event Management Market Share (%) Deployment Model, 2022 and 2030
  • Figure 9. Cloud Market Revenue and Forecasts to 2030 (US$ Million)
  • Figure 10. On-Premise Market Revenue and Forecasts to 2030 (US$ Million)
  • Figure 11. Security Information and Event Management Market Share (%) Enterprise Size, 2022 and 2030
  • Figure 12. Large Enterprise Market Revenue and Forecasts to 2030 (US$ Million)
  • Figure 13. SMEs Market Revenue and Forecasts to 2030 (US$ Million)
  • Figure 14. Security Information and Event Management Market Share (%) End User, 2022 and 2030
  • Figure 15. IT and telecommunication Market Revenue and Forecasts to 2030 (US$ Million)
  • Figure 16. BFSI Market Revenue and Forecasts to 2030 (US$ Million)
  • Figure 17. Healthcare Market Revenue and Forecasts to 2030 (US$ Million)
  • Figure 18. Government Market Revenue and Forecasts to 2030 (US$ Million)
  • Figure 19. Others Market Revenue and Forecasts to 2030 (US$ Million)
  • Figure 20. Asia Pacific Security Information and Event Management Market, By Key Country - Revenue 2022 (US$ Mn)
  • Figure 21. Security Information and Event Management Market Breakdown by Key Countries, 2022 and 2030 (%)
  • Figure 22. China Security Information and Event Management Market Revenue and Forecasts to 2030 (US$ Mn)
  • Figure 23. Japan Security Information and Event Management Market Revenue and Forecasts to 2030 (US$ Mn)
  • Figure 24. India Security Information and Event Management Market Revenue and Forecasts to 2030 (US$ Mn)
  • Figure 25. South Korea Security Information and Event Management Market Revenue and Forecasts to 2030 (US$ Mn)
  • Figure 26. Australia Security Information and Event Management Market Revenue and Forecasts to 2030 (US$ Mn)
  • Figure 27. Rest of Asia Pacific Security Information and Event Management Market Revenue and Forecasts to 2030 (US$ Mn)
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