What Is Driving Global Security Information and Event Management Market Growth in 2025: The Role of Driving Forces Behind The Growth Of The Security Information And Event Management Market Amid Escalating Cyber Threats

Use code ONLINE20 to get 20% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.

What Will the Security Information and Event Management Industry Market Size Be by 2025?
In recent years, the market size for security information and event management has seen robust growth. It's projected to expand from $5.34 billion in 2024 to $5.63 billion in 2025, marked by a compound annual growth rate (CAGR) of 5.4%. Factors contributing to this historic growth include the rise in regulatory compliance requirements, incidences of data breaches and cyber attacks, the complexity and explosion of data, as well as insider threats and user behavior.

What's the Long-Term Growth Forecast for the Security Information and Event Management Market Size Through 2029?
The market size for security information and event management is predicted to experience quick expansion in the coming years, surging to $8.51 billion by 2029 with a 10.9% compound annual growth rate (CAGR). This growth during the prediction period can be credited to factors such as the evolution of cyber-attacks, obligatory regulatory conformity, the uptake of cloud and hybrid IT environments, and the implementation of the zero trust security model. Noteworthy trend shifts during this forecast period will encompass cloud-native siem, incorporation of AI and machine learning, zero trust design, extensive detection and response, orchestration and automation, and periphery security.

View the full report here:
https://www.thebusinessresearchcompany.com/report/security-information-and-event-management-global-market-report

What Are the Key Growth Drivers Fueling the Security Information and Event Management Market Expansion?
The surge in cyber threats is predicted to fuel the expansion of the security information event management market in the future. Cyber threats denote harmful operations that endanger the confidentiality, integrity, and accessibility of digital assets, systems, networks, and data. Factors such as enhanced connectivity and the evolution of strategies used by malevolent entities contribute to the rising trend in cyber threats. SIEM Security information and event management plays a key role in combating these threats by offering organizations comprehensive capacity to monitor, detect, and effectively handle security incidents. For example, as per the Australian Cyber Security Centre in November 2022, the cybersecurity agency based in Australia reported receiving 76,000 cybercrime reports in 2022, marking a rise of 13% compared to the previous year. As a result, escalating cyber threats are propelling the growth of the Security information and event management market.

Get your free sample here:
https://www.thebusinessresearchcompany.com/sample.aspx?id=14187&type=smp

What Are the Key Trends Driving Security Information and Event Management Market Growth?
In an attempt to boost their market profitability, leading firms in the security information and event management sector are turning to creative technological solutions like Security Management Outsourcing Services. This service equips businesses with a team of experts constantly on guard, detecting, and handling cyber threats. For example, NTT Data, a cybersecurity company from Japan, introduced its Security Management outsourcing service in July 2023. With a main objective of reducing damage caused by incidents and avoiding such incidents entirely, the MDR service was launched in Japan from July 2023. The service is set to be globally available by the end of the fiscal year in March 2024. With this MDR service, advanced security engineers-who have spent more than two decades in incident response-will represent client companies as a part of the organization's CSIRT, taking on a range of tasks to identify the cause, instigate emergency responses, enhance recovery initiatives, and avert reoccurrence.

How Is the Security Information and Event Management Market Segmented?
The security information and event managementmarket covered in this report is segmented -

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

Tailor your insights and customize the full report here:
https://www.thebusinessresearchcompany.com/customise?id=14187&type=smp

Which Companies Are Leading the Charge in Security Information and Event Management Market Innovation?
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

Which Regions Are Leading the Global Security Information and Event Management Market in Revenue?
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.

Purchase the full report today:
https://www.thebusinessresearchcompany.com/purchaseoptions.aspx?id=14187

This Report Supports:
1.Business Leaders & Investors - To identify growth opportunities, assess risks, and guide strategic decisions.
2.Manufacturers & Suppliers - To understand market trends, customer demand, and competitive positioning.
3.Policy Makers & Regulators - To track industry developments and align regulatory frameworks.
4.Consultants & Analysts - To support market entry, expansion strategies, and client advisory work.

Speak With Our Expert:
Saumya Sahay,
Americas: +1 310-496-7795,
Asia: +44 7882 955267 & +91 8897263534,
Europe: +44 7882 955267,
Email: saumyas@tbrc.info

The Business Research Company - www.thebusinessresearchcompany.com

Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company

Learn More About The Business Research Company
With over 15,000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Our flagship product, the Global Market Model delivers comprehensive and updated forecasts to support informed decision-making.

This release was published on openPR.