The Managed SIEM Services Market: A Comprehensive Analysis

According to recent study by MarkNtel Advisors the Global Managed SIEM Services Market valued at approximately USD 7.12 billion in 2023, is projected to witness a compound annual growth rate (CAGR) of around 17.4% between 2024-2030. Various factors, including market trends, size, forecasts, growth factors, challenges, and competitor assessments drive this growth.

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Managed SIEM Services Market Segmentation Analysis: 2024-2030

The Managed SIEM Services Market is segmented into:

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 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)

and each segment is further divided into subdivisions, providing a detailed breakdown of the market dynamics.

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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.

Geographical Coverage of the Global Managed SIEM Services Market

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

Asia-Pacific has captured a significant market share in the Global Managed SIEM Services Market.

Top Leading Key Players of Global Managed SIEM Services Market

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

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Common Queries 

1. What is the current trajectory of cost and profit estimations in the Managed SIEM Services Industry?
2. How do factors like supply and consumption shape the landscape of the industry?
3. In what ways do import and export considerations impact the dynamics of the Managed SIEM Services Industry?
4. Which technological advancements are anticipated to shape the future of the Managed SIEM Services Market?
5. Who are the noteworthy players highlighted in the Managed SIEM Services Market research report?
6. What are the anticipated USD valuations and the CAGR for the forecasted years?

Who we Are?

MarkNtel Advisors is a leading consulting, data analytics, and market research firm 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, Saudi Arabia, the Netherlands, Saudi Arabia, the UAE, Brazil, and several others.

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