Managed SIEM Services Market worth $48.41 billion by 2030, growing at a CAGR of 8.30% - Exclusive Report by 360iResearch

The "Managed SIEM Services Market by Type (Co-Managed, Fully Managed), Deployment Mode (Cloud, On-Premise), Enterprise Size, Verticals - Global Forecast 2024-2030" report has been added to 360iResearch.com's offering.

The Global Managed SIEM Services Market to grow from USD 27.69 billion in 2023 to USD 48.41 billion by 2030, at a CAGR of 8.30%.

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Managed Security Information and Event Management (SIEM) services consist of outsourcing the monitoring and management of security events to a third-party service provider. The growth of the managed SIEM services market is driven by the increasing number and sophistication of cyber threats, the growing complexity of IT infrastructures, and stringent regulatory requirements. Small and medium-sized enterprises (SMEs) also contribute to market growth as they seek cost-effective ways to bolster their cybersecurity efforts. However, the market faces several challenges, including the high cost of managed SIEM services for small businesses and the scarcity of skilled cybersecurity professionals. The concerns regarding data privacy and security creates significant challenges for market growth. Moreover, the developing proprietary algorithms that leverage Artificial Intelligence and Machine Learning (ML) for enhanced threat detection and predictive analytics, create opportunities for the market. The investments in cybersecurity workforce development has also been expected to create opportunities for market growth.

In an era of escalating cyber threats and stringent compliance demands, the market for Managed Security Information and Event Management (SIEM) services is booming. In the United States, this growth is propelled by the need for real-time threat detection, compliance management, and integration of advanced technologies such as AI into security operations. Similarly, Canadian businesses prioritize industry-specific SIEM solutions, with a significant shift towards the adaptability of cloud-based services. The EU's stringent privacy regulations, like GDPR, have catalyzed the demand for privacy-focused SIEM systems, prompting providers to invest in locally compliant data centers. Meanwhile, the Middle East's cybersecurity initiatives have spurred demand for SIEM in critical sectors such as banking and energy. Although Africa's market is emerging, with South Africa at the forefront, cybercrime concerns are boosting the need for effective SIEM services across the continent. Shifting focus to Asia Pacific, China's cybersecurity legislation favors local SIEM offerings, Japan showcases a demand for high-caliber, advanced SIEM solutions backed by robust R&D, and India's burgeoning IT landscape is driving the market towards scalable, innovative SIEM services that support the nation's SME growth.

Market Segmentation & Coverage:

This research report categorizes the Managed SIEM Services Market in order to forecast the revenues and analyze trends in each of following sub-markets:

Based on Type, market is studied across Co-Managed and Fully Managed. The Co-Managed is projected to witness significant market share during forecast period.

Based on Deployment Mode, market is studied across Cloud and On-Premise. The On-Premise is projected to witness significant market share during forecast period.

Based on Enterprise Size, market is studied across Large Enterprises and Small & Medium-Sized Enterprises. The Large Enterprises is projected to witness significant market share during forecast period.

Based on Verticals, market is studied across BFSI, Education & Public Sector, Healthcare, and Retail & Manufacturing. The Healthcare is projected to witness significant market share during forecast period.

Based on Region, market is studied across Americas, Asia-Pacific, and Europe, Middle East & Africa. The Americas is further studied across Argentina, Brazil, Canada, Mexico, and United States. The United States is further studied across California, Florida, Illinois, New York, Ohio, Pennsylvania, and Texas. The Asia-Pacific is further studied across Australia, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Taiwan, Thailand, and Vietnam. The Europe, Middle East & Africa is further studied across Denmark, Egypt, Finland, France, Germany, Israel, Italy, Netherlands, Nigeria, Norway, Poland, Qatar, Russia, Saudi Arabia, South Africa, Spain, Sweden, Switzerland, Turkey, United Arab Emirates, and United Kingdom. The Americas commanded largest market share of 41.63% in 2023, followed by Europe, Middle East & Africa.

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FPNV Positioning Matrix:

The FPNV Positioning Matrix is essential for assessing the Managed SIEM Services Market. It provides a comprehensive evaluation of vendors by examining key metrics within Business Strategy and Product Satisfaction, allowing users to make informed decisions based on their specific needs. This advanced analysis then organizes these vendors into four distinct quadrants, which represent varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital(V).

Market Share Analysis:

The Market Share Analysis offers an insightful look at the current state of vendors in the Managed SIEM Services Market. By comparing vendor contributions to overall revenue, customer base, and other key metrics, we can give companies a greater understanding of their performance and what they are up against when competing for market share. The analysis also sheds light on just how competitive any given sector is about accumulation, fragmentation dominance, and amalgamation traits over the base year period studied.

Key Company Profiles:

The report delves into recent significant developments in the Managed SIEM Services Market, highlighting leading vendors and their innovative profiles. These include ArmorPoint, LLC, AT&T Inc., Clearnetwork, Inc., CompuCom Systems, Inc., Corsica Technologies, Cybriant, Exabeam, Inc., Fortinet, Inc., GSI, Inc., Hewlett Packard Enterprise Development LP, International Business Machines Corporation, Logpoint A/S, Logrhythm, Inc., McAfee Corp., Micro Focus International PLC by Open Text Corporation, MindPoint Group, Nomios Group, NTT DATA Corporation, Optiv Security Inc., Real Time Cloud Services LLC, Solarwinds Corporation, Splunk Inc. by Cisco Systems Inc., Trend Micro Inc., and Trustwave Holdings, Inc..

Key Topics Covered:

1. Preface
2. Research Methodology
3. Executive Summary
4. Market Overview
5. Market Insights
6. Managed SIEM Services Market, by Type
7. Managed SIEM Services Market, by Deployment Mode
8. Managed SIEM Services Market, by Enterprise Size
9. Managed SIEM Services Market, by Verticals
10. Americas Managed SIEM Services Market
11. Asia-Pacific Managed SIEM Services Market
12. Europe, Middle East & Africa Managed SIEM Services Market
13. Competitive Landscape
14. Competitive Portfolio

The report provides insights on the following pointers:
1. Market Penetration: Provides comprehensive information on the market offered by the key players
2. Market Development: Provides in-depth information about lucrative emerging markets and analyzes penetration across mature segments of the markets
3. Market Diversification: Provides detailed information about new product launches, untapped geographies, recent developments, and investments
4. Competitive Assessment & Intelligence: Provides an exhaustive assessment of market shares, strategies, products, certification, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players
5. Product Development & Innovation: Provides intelligent insights on future technologies, R&D activities, and breakthrough product developments

The report answers questions such as:
1. What is the market size and forecast of the Managed SIEM Services Market?
2. Which are the products/segments/applications/areas to invest in over the forecast period in the Managed SIEM Services Market?
3. What is the competitive strategic window for opportunities in the Managed SIEM Services Market?
4. What are the technology trends and regulatory frameworks in the Managed SIEM Services Market?
5. What is the market share of the leading vendors in the Managed SIEM Services Market?
6. What modes and strategic moves are considered suitable for entering the Managed SIEM Services Market?

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