LAMEA Security Information and Event Management Market By Component (Solution and Services) By Application (Log Management & Reporting, Threat Intelligence, Security Analytics and Others) By Deployment Type (On-premise and Cloud) By Organization Size (Large Enterprises and Small & Medium Enterprises) By Vertical (Information, Finance & Insurance, Healthcare & Social Assistance, Retail, Utilities and Others) By Country, Industry Analysis and Forecast, 2020 - 2026
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Market Report Description
The Latin America, Middle East and Africa Security Information and Event Management Market would witness market growth of 12.4% CAGR during the forecast period (2020-2026). SIEM solution and services are used by organizations for various crucial applications. Some of the reasons that assert the need for security analytics include automation for error identification and remediation, adherence to strict compliance requirements, holistic visibility, log collection and management and minimized false positives. SIEM solution and services of the next generation promote security analytics through statistical modeling, pattern modeling, and machine learning. These analytical tools help companies analyze data, and guide event detection decisions. They are also used to identify possible vulnerabilities and residential risks from various parts of the network, and vulnerability indicators.
SIEM has become critical for the proper functioning of a business. In the case of a security violation, the SIEM program helps its end-users to conduct incident forensics by analysing the specific log for that case. The SIEM approach requires separation of the main cause of a breach, failure, hazard or other activity that is not compliant. Growing numbers of companies are implementing SIEM solution not just for regulatory enforcement but also for vulnerability detection through tracking and identifying early security violations in an IT framework.
SIEM technologies carry a lot of promise as the unified approach to open all the secrets in the logs of business processes and to pair them with the use of the threat intelligence. The promise comes at a cost, SIEM solutions also maintain a reputation for being hard to set up, hard to add new feeds to, and hard to tune. That being said, their importance to the business security manager is gradually known, and although many SIEM deployments might have started as a compliance check mark, these roots have been transcended.
Based on Component, the market is segmented into Solution and Services. Based on Application, the market is segmented into Log Management & Reporting, Threat Intelligence, Security Analytics and Others. Based on Deployment Type, the market is segmented into On-premise and Cloud. Based on Organization Size, the market is segmented into Large Enterprises and Small & Medium Enterprises. Based on Vertical, the market is segmented into Information, Finance & Insurance, Healthcare & Social Assistance, Retail, Utilities and Others. Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
The market research report covers theanalysis of key stake holders of the market. Key companies profiled in the report include Hewlett Packard Enterprise Company, SolarWinds Corporation, Rapid7, Inc., McAfee, LLC, Splunk, Inc., Fortinet, Inc., Micro Focus International PLC, Alert Logic, Inc., IBM Corporation, Securonix, Inc.
Scope of the LAMEA Security Information and Event Management Market Analysis
- Log Management & Reporting
- Threat Intelligence
- Security Analytics
By Deployment Type
By Organization Size
- Large Enterprises
- Small & Medium Enterprises
- Finance & Insurance
- Healthcare & Social Assistance
- Saudi Arabia
- South Africa
- Rest of LAMEA
- Hewlett Packard Enterprise Company
- SolarWinds Corporation
- Rapid7, Inc.
- McAfee, LLC
- Splunk, Inc.
- Fortinet, Inc.
- Micro Focus International PLC
- Alert Logic, Inc.
- IBM Corporation
- Securonix, Inc.
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