Insights into the Managed SIEM Services Market: Share, Demand Trends, and Growth Analysis

MarkNtel Advisors analyses the growth rate of the Managed SIEM Services market in the forecast period from 2024 to 2030. In addition to comprehensive market insights such as market value, growth rate, market segmentation, key market players, and market dynamic. This detailed analysis aims to provide valuable information for stakeholders in the Managed SIEM Services market, helping them make informed decisions.

Market Outlook – 2024-2030:

The Global Managed SIEM Services Market size was valued at USD 7.12 billion in 2023 and is estimated to grow at a CAGR of around 17.4% during the forecast period, i.e., 2024-30. The rising demand for managed SIEM services is propelled by the rapid evolution of the cybersecurity landscape, which is highlighted by an escalation in sophisticated cyber risks. With the concept of digital transformation across various industries and increasing awareness of adopting proactive security measures, the market is growing at a faster rate. Moreover, organizations are increasingly grappling with the complexities of safeguarding their digital assets, which has further heightened the allure of outsourcing to managed service providers. Thus, this appeal is particularly amplified by the scarcity of proficient cybersecurity experts.

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Key Company Profiles

This report explores recent significant developments in the Managed SIEM Services Market, focusing on the leading companies and their innovative profiles. The major players in the Managed SIEM Services Market, featured in this report, include:

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

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Market Segmentation & Coverage

This research report by MarkNtel Advisors categorizes the Managed SIEM Services Market to forecast revenues and analyse trends across each of the following sub-markets:

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

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What are the primary factors driving the growth of the Global Managed SIEM Services Market?

Rising Cyber Threats & Risks to Instigate the Market Growth – The global growth of the Managed SIEM Services Market has been driven by the rising occurrence of cyber threats, including malware, ransomware, and targeted attacks. The Managed SIEM Services offer robust cybersecurity solutions for continuous monitoring and detection of cyber risks, as these services are equipped with advanced analytics & risk intelligence for proactively safeguarding the cyber-attack. This, in turn, has aided in elevating the market demand in the following years.

Key Questions Addressed:

  1. Market Size and Growth Projections: What is the current size of the market, and how is it expected to grow?
  2. Investment Opportunities: Which products, segments, and regions present the most attractive investment opportunities?
  3. Technology Trends and Regulatory Influences: What are the prevailing technology trends and regulatory factors influencing the market?
  4. Competitive Ranking: How do top vendors rank regarding market share and competitive positioning?
  5. Revenue Sources and Strategic Opportunities: What revenue sources and strategic opportunities guide vendors’ market entry or exit decisions?

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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.

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