The report talks about the shift in demands and emerging trends that are expected to drive the growth of the Security information and event management market. The rising demand for the Security information and event management market is expected to drive the demand for Security information and event management market, thereby bolstering the growth of the industry. Moreover, the report also studies the impact of the COVID-19 pandemic on the market.
The global security information and event management market size reached USD 4.31 Billion in 2021 and is expected to register a revenue CAGR of 9.8% during the forecast period, according to a latest analysis by Emergen Research. Rising adoption of cloud-based services among the organizations is the key factor driving market revenue growth.
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Some major companies in the global market report include IBM Corporation, McAfee Corp, Utimaco Safeware, NortonLifeLock Inc., SolarWinds, Inc., LogRhythm, Inc., Fortinet, Inc., LogPoint AS, Trend Micro Inc., Splunk Inc., and Hewlett Packard Enterprise.
Objectives of the Report:
- Industrial structure analysis of the Security information and event management market by identification of various sub-segments
- Extensive analysis of key market players along with their SWOT analysis
- Competitive landscape benchmarking
- Analysis of Security information and event management market based on growth trends, futuristic outlook, and contribution to the total growth of the market
- Analysis of drivers, constraints, opportunities, challenges, and risks in the global Security information and event management market
- Comprehensive analysis of competitive developments such as expansions, agreements,
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Emergen Research has segmented the global security information and event management market on the basis of component, deployment type, organization size, end-use, and region:
· Component Outlook (Revenue, USD Million; 2019-2030)
· Deployment Type Outlook (Revenue, USD Million; 2019-2030)
- Cloud Based
· Organization Size Outlook (Revenue, USD Million; 2019-2030)
- Small and Medium-sized Enterprises (SMEs)
- Large Enterprises
· End-Use Outlook (Revenue, USD Million; 2019-2030)
- Banking, Financial Services and Insurance (BFSI)
- IT and Telecommunication
- Industrial Manufacturing
- Retail and E-commerce
- Energy Utilities
The complete regional analysis covers:
North America (U.S., Canada, Mexico
Europe (U.K., Italy, Germany, France, Rest of EU)
Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
Latin America (Chile, Brazil, Argentina, Rest of Latin America)
Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
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Key Points of Security information and event management Market:
- The retail and e-commerce segment revenue is expected to increase at a steady rate over the forecast period due to the rising concern to secure e-commerce data, and personal and financial information of the customers. Retail sector is the main target for hackers due to the large amount of monetary transactions taking place in this sector via, debit cards, credit cards, and other payment systems.
- The Small and Medium-sized Enterprises (SMEs) segment is expected to register a steady revenue growth rate over the forecast period due to the rising adoption of cloud-based services among SMEs, which creates high demand for security information and event management among these enterprises.
- The market in North America is accounted for largest revenue share in the global security information and event management market in 2021 due to the rising concerns of cyberattacks in countries across the region, especially in the U.S. and Canada.
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