Security Information and Event Management Market Analysis by Size Share Growth Trends up to 2030

The "Security Information and Event Management Market" size is expected to reach US$ 4.67 billion by 2030 from 9.91 billion in 2022, at an estimated CAGR of 9.8% from 2022 to 2030.

Cyberattacks against traditional security operations are becoming increasingly common, producing reputational damage, financial impact, and operational outages. Thus, several players in North America are expanding in security information and event management. For instance, in July 2023, Kyndryl significantly increased the services it provides to allow business customers to swiftly detect, effectively respond to, and recover from cyberattacks. Thus, the expansion of such players in the region propels the growth of the security information and event management market.

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Companies Profiled in this report includes:

• AT&T Inc
• International Business Machines Corp
• LogRhythm Inc
• SolarWinds Worldwiden LLC
• Splunk Inc
• Fortinet Inc
• Zoho Corporation Pvt Ltd
• Logpoint AS
• Exabeam Inc
• Logsign Inc

The US, Canada, and Mexico are major countries in North America. North America is one of the most heavily impacted regions in the world by cyberattacks. This is due to the prominent presence of financial sectors, essential infrastructure, and shared opportunities, such as private-public partnerships, all of which contribute to a more robust cyber ecosystem. Regional governments concentrate on enhancing legislation and policies to combat cyber risks in their countries. For example, the United States-Mexico-Canada Agreement (USMCA) and the North American Free Trade Agreement (NAFTA) have merged to produce a single regional solution for the manufacturing sector. Furthermore, the Department of Homeland Security has identified 16 important cybersecurity sectors, including manufacturing, construction, energy, food and agriculture, chemical, healthcare, government, and others. The expanding compliance and regulation rules, as well as the number of cyberattacks across sectors, are propelling the need for regional security information and event management.

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Security Information and Event Management Market Segmentation:

By Component:
• Solution
• Services

Deployment Mode:
• On-Premise And
• Cloud

Enterprise Size:
• Large Enterprise And
• SMEs

End User:
• IT And Telecommunication
• BFSI
• Government
• Education

The technological sector in the US is among the biggest in the world. Over 585,000 different tech companies, including some of the most significant ones in the field, are based in the US. Silicon Valley in California is well-known for its technological industry, and many of the largest major firms in the world, such as Apple, Alphabet, Intel, and Meta, have their headquarters there. The development of complex threats and cyberattacks in this area is a result of technical advancement and the growth of technological sectors. Businesses are also increasingly worried about private network security breaches because they could result in significant losses. Due to this security problem, solutions in Security Information and Event Management Market are being used more frequently to effectively address ongoing security breaches.

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This release was published on openPR.