Emerging Trends and Key Drivers Fueling the Managed SIEM Services Market Growth forecast 2030: With a Striking CAGR of 1

How big is the Global Managed SIEM Services market?

According to MarkNtel Advisors study, The Global Managed SIEM Services Market size was valued at around USD 7.12 billion in 2023 and is estimated to grow at a CAGR of about 17.4% during the forecast period, i.e., 2024-30.

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Global Managed SIEM Services Market Trend:

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.

Leading Companies in the Global Managed SIEM Services market:

IBM
SAP
Oracle
Informatica
AWS
NetApp
Tera Data
K2 View
Talend
Denodo
Google
Microsoft
HPE
Snowflake
Radiant Logic
Others

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Global Managed SIEM Services Market Segmentation:

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)

The Fully Managed segment contributes to the largest share in the Managed SIEM Services Market during 2024-2030.

By Deployment mode

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

By Organization size

Large Enterprises- Market Size & Forecast 2019-2030, (USD Million)
SMEs (Small-Medium Enterprises)- 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)

Regional/ Countries Insight:

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

The largest market size in the Managed SIEM Services Market is anticipated to be held by the Asia-Pacific region owing to numerous factors.

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About MarkNtel Advisors:

MarkNtel Advisors is a leading consulting, data analytics, and market research company that provides an extensive range of strategic reports on diverse industry verticals. We being a qualitative & quantitative research company, strive to deliver data to a substantial & varied client base, including multinational corporations, financial institutions, governments, and individuals, among others.

We have our existence across the market for many years and have conducted multi-industry research across 80+ countries, spreading our reach across numerous regions like America, Asia-Pacific, Europe, the Middle East & Africa, etc., and many countries across the regional scale, namely, the US, India, the Netherlands, Saudi Arabia, the UAE, Brazil, and several others.