Security Information and Event Management Market to Grow at a CAGR of 10.4% to reach US$ 6.24 Bn

Security Information and Event Management Market Forecast to 2027

COVID-19 Impact and Global Analysis

by Solution (Patch Management, Log & Event Management, Firewall Security Management, and Others) Service (Integration, Consulting, and Support); and End User (Healthcare, Energy & Utility, BFSI, Government, Retail, and Others)

o Gr

a at

GR A C

4% . 0

2 g rin u d

US$ 6,243.73 million

0– 2 0

2 20

US$ 2,834.15 million

2019

2027

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Security Information and Event Management Market to Grow at a CAGR of 10.4% to reach US$ 6.24 Bn

Published on Dec 3, 2021

rohanshyler

The security information and event management market expected to grow from US$ 2,834.15 million in 2019 to US$ 6,243.73 million by 2027; it is estimated to grow at a CAGR of 10.4% from 2019 to 2027. Increasing spending on cyber security solutions by large and medium enterprises is attributing to the growth of the market. The advancement in IT technologies has witnessed unprecedented adoption across the industry verticals. Moreover, the growing popularity of IoT solutions and connected devices has further boosted the penetration of IT solution across major industrial and service sectors. As a result, the significant presence of IT systems and solutions coupled with large exposure to various devices results in effective and efficient management of cyber security posture of the organization.

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