Asia Security Information and Event Management Market by Component (Solution and Services), Deployment Model (On-premise and Cloud), Enterprise Size (Large Enterprises and SMEs), and Industry Vertical (BFSI, Government, IT & Telecommunication, Healthcare & Life Sciences, Retail, Manufacturing, and Others): Opportunity Analysis and Industry Forecast, 2021–2030
Security information and event management (SIEM) is a combination of security information management (SIM) and security event management (SEM). It is an approach toward security management that provides real-time analysis of the security alerts by applications and network hardware. It deals with correlation of events, real-time monitoring, console view, and notifications. SIEM has the capability of data aggregation, alert production, correlation, pattern detection, forensic analysis, and others. It eliminates threats at a faster speed with instantaneous detection of suspicious activities and automatically responses for compliance and mitigation.
The Asia security information and event management market is primarily attributed to regulatory compliance management such as the Payment Card Industry Data Security Standard (PCI DSS) and Health Insurance Portability and Accountability Act (HIPAA). Rise in concerns over IT security has urged organizations to seek more capable defense system as the threat landscape becomes more complex with the dominance of mobile devices and rise in adoption of cloud services. In addition, growth in adoption of Bring Your Own Devices (BYOD) and enterprise mobility drives the growth in the Asia security information and event management market. Next generation SIEM systems for anomaly detection is expected to offer growth opportunities for the SIEM technology in near future. However, high cost of ownership of the SIEM and complexity of SIEM products hampers the market growth.
The Asia SIEM market is segmented on the basis of component, deployment model, enterprise size, and industry vertical. By component, the market is bifurcated into solution and services. According to the deployment model, the market is classified into on-premise and cloud. As per enterprise size, the market is divided into large enterprises and SMEs. By industry vertical, the Asia SIEM market is categorized into BFSI, government, IT & telecommunication, healthcare & life sciences, retail, manufacturing, utilities, and others. By country, the market is studied across China, India, Japan, South Korea, Singapore, Indonesia, and Rest of Asia.
The key market players offering security information and event management include Dell EMC, Exabeam, Fortinet, Inc., IBM Corporation, McAfee LLC, Micro Focus, RAPID7, RSA Security LLC, Solarwinds Worldwide, LLC, and Splunk, Inc.
KEY BENEFITS FOR STAKEHOLDERS • The study provides an in-depth analysis of the Asia security information and event management market along with current trends and future estimations to elucidate imminent investment pockets.
• Information about key drivers, restrains, and opportunities and their impact analysis on the market size is provided in the report.
• Porter’s five forces analysis illustrates the potency of buyers and suppliers operating in the industry.
• The quantitative analysis of Asia security information and event management market for the period 2021–2030 is provided to determine the market potential.
KEY MARKET SEGMENTS
BY COMPONENT • solution
BY DEPLOYMENT MODEL • On-premise
BY ENTERPRISE SIZE • Large Enterprises
BY INDUSTRY VERTICAL • BFSI
• IT & Telecommunication
• Healthcare & life sciences
BY Countries • China
• South Korea
• Rest of Asia
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