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Security Information & Event Managements Market Value to Cross USD 18.12 Billion in 2030

02-21-2023 10:58 AM CET | IT, New Media & Software

Press release from: Allied Market Research

Security Information and Event Management Market

Security Information and Event Management Market

According to the report published by Allied Market Research, the global security information and event management market generated $3.92 billion in 2020, and is estimated to generate $18.12 billion by 2030, witnessing a CAGR of 16.4% from 2021 to 2030. The report offers a detailed analysis of changing market trends, value chain, top segments, key investment pockets, regional scenarios, and competitive landscape.

Rise in concerns over IT security, persistent threat of cybercrimes, supportive IT governance, growth in adoption of BYOD trend, and regulatory compliance, boost the growth of the global security information and event management industry. However, high costs and fear of privacy intrusion impede the security information and event management market growth. On the other hand, with innovation and more refined understanding, the demand for such solutions is expected to increase during the forecast period.

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The report offers detailed segmentation of the global alternative building materials market based on component, deployment mode, enterprise size, industry vertical, and region. Based on components, the solution segment held the highest market share in 2020, accounting for more than three-fifths of the total share, and is projected to maintain its leadership status during the forecast period. However, the services segment is estimated to grow at the fastest CAGR of 17.26% from 2021 to 2030.

Based on deployment mode, the on-premise segment accounted for the largest share in 2020, contributing to nearly three-fifths of the global security information and event management market, and is expected to maintain its lead position during the forecast period. However, the cloud segment is projected to portray the highest CAGR of 17.32% from 2021 to 2030.

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Based on region, North America contributed to the highest share in 2020, accounting for more than two-fifths of the total share, and is expected to continue its dominant share in terms of revenue by 2030. However, Asia-Pacific is projected to manifest the largest CAGR of 17.83% during the forecast period. The report also includes an analysis of Europe and LAMEA segments.

Leading players of the global security information and event management industry discussed in the research include Hewlett Packard Enterprise Development LP, LogRhythm, Inc., SolarWinds, Inc., Symantec Corporation, Dell EMC, IBM Corporation, McAfee LLC., Splunk, Inc., Trend Micro, Inc., and Trustwave Holdings Inc.

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Key Findings Of The Study -

• On the basis of component, the solution segment dominated the security information and event managements market in 2020. However, the services segment is expected to exhibit significant growth during the forecast period.
• On the basis of enterprise size, the large enterprise segment dominated the security information and event managements market in 2020. However, the SMEs segment is expected to exhibit significant growth during the forecast period.
• On the basis of deployment model, the on-premise segment dominated the security information and event managements market in 2020. However, the cloud segment is expected to exhibit significant growth during the forecast period.
• On the basis of industry vertical, the BFSI sector accounted for the highest revenue of market in 2020; however, the healthcare sector is expected to witness the highest growth rate during the forecast period.

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Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP, based in Portland, Oregon. AMR provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients in making strategic business decisions and achieving sustainable growth in their respective market domains.
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