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Managed SIEM Services Market Booms with 17.4% CAGR Forecast for 2024-30

Managed SIEM Services Market

Global Managed SIEM Services Market Insights Report Overview

Dive into the latest insights on the Global Managed SIEM Services Market with our comprehensive report, accurately curated by the experts at MarkNtel Advisors. Our report offers a thorough examination of the global landscape, providing valuable data, impartial analysis, and strategic insights to drive informed decision-making.

Report’s Study Period:

  • Historical Period: 2019-22
  • Base Year: 2023
  • Forecasting Period: 2024-30

We accurately gather data from primary and secondary sources, capturing the industry’s historical fluctuations and trends, including market dynamics, consumer behavior, manufacturing insights, and more. Leveraging this data alongside the base year information, we project the industry’s trajectory into the future.

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Industry Driving Factor:

Convergence of SIEM with Endpoint Detection and Response (EDR) & Security Orchestration, Automation, and Response (SOAR) – The convergence of SIEM with EDR & SOAR represents a significant trend in the cybersecurity market, driven by the need for more comprehensive threat detection, response, and mitigation capabilities. This convergence helps in reshaping the landscape of cybersecurity operations, offering organizations enhanced visibility, efficiency & effectiveness in managing security incidents. In addition, managed security service providers (MSSPs) capitalize on the convergence of SIEM, EDR, and SOAR by catering to clients with integrated security solutions. With this, MSSPs are capable to differentiate their offerings and capture market share.

Segmentation Summary: Global Managed SIEM Services Market

Our report delves into the intricate segmentation of the Managed SIEM Services Market, providing insights into each subdivision’s trajectory, trends, and advancements. This analysis empowers stakeholders to navigate the industry landscape with precision, understanding the nuances of each segment.

-By Organization Size

  • Large Enterprises
  • SMEs (Small-Medium Enterprises)

The Large Enterprise would account for a prominent share of the Managed SIEM Services Market during the forecast period. The large enterprises are more prone to potential threats in their IT infrastructures, thus required high security services like Managed SIEM Services. These services are scalable & customized to perform real-time monitoring of threat detection. Moreover, the large enterprises are solidifying its cybersecurity landscape by adopting Managed SIEM Services & further assisting in propelling the market growth in the ensuing years.

-By Application

  • Log Management & Reporting- Market Size & Forecast 2019-2030, (USD Million)
  • Threat Intelligence- Market Size & Forecast 2019-2030, (USD Million)
  • Security Analytics- Market Size & Forecast 2019-2030, (USD Million)
  • Others- Market Size & Forecast 2019-2030, (USD Million)

-By Type

  • Fully Managed- Market Size & Forecast 2019-2030, (USD Million)
  • Co-managed- Market Size & Forecast 2019-2030, (USD Million)

-By Deployment mode

  • On-premises- Market Size & Forecast 2019-2030, (USD Million)
  • Cloud- Market Size & Forecast 2019-2030, (USD Million)

-By Vertical

  • BFSI- Market Size & Forecast 2019-2030, (USD Million)
  • Government- Market Size & Forecast 2019-2030, (USD Million)
  • Healthcare- Market Size & Forecast 2019-2030, (USD Million)
  • IT & ITEs- Market Size & Forecast 2019-2030, (USD Million)
  • Retail & E-commerce- Market Size & Forecast 2019-2030, (USD Million)
  • Energy & Utilities- Market Size & Forecast 2019-2030, (USD Million)
  • Telecommunications- Market Size & Forecast 2019-2030, (USD Million)
  • Manufacturing- Market Size & Forecast 2019-2030, (USD Million)
  • Others- Market Size & Forecast 2019-2030, (USD Million)

Leading Competitor: Global Managed SIEM Services Market

  • IBM
  • AT&T
  • Verizon
  • NTT Data
  • Capgemini
  • BT
  • NCC Group
  • TCS
  • Unisys
  • OPTIV
  • Vodafone
  • Wipro
  • Rapid7
  • ManageEngine
  • Trustwave
  • Others

Geographical Reach:

The Managed SIEM Services Industry spans across various regions, each characterized by unique cultural, regulatory, and economic factors. Our regional analysis provides a comprehensive overview and forecast, considering these differences and assessing market players’ presence, consumer preferences, and more.

-By Region

  • North America
  • South America
  • Europe
  • The Middle East & Africa
  • Asia-Pacific

For inquiries or further discussions, connect with our analyst today to unlock the full potential of the Managed SIEM Services Industry.

Key Focus Areas:

  • What are the primary drivers and trends influencing the Managed SIEM Services Industry’s growth, and how is the market structured?
  • How are segments within the Managed SIEM Services Industry defined, and what is the size of each segment?
  • Which segments and geographical regions present the most promising growth opportunities?
  • What does the competitive landscape look like, and how do key players position themselves within the market?

About the author: jennifercaston

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