SIEM technology has been around for a while, with the fundamental capabilities of the platform dating back to over a decade ago. Since then, SIEM solutions have become more of an information platform, with enterprise demands for better security driving much of the SIEM market. The SIEM market size is expected to grow by USD 3.94 billion during 2020-2024.
The market impact and new opportunities created due to the COVID-19 pandemic is increasing in the number of cyber-attacks has raised awareness among organizations about the different security risks, which is compelling them to adopt SIEM solutions. Further, hackers are increasingly focusing on attacking network layers instead of application layers. To this end, SIEMs need to get better at the effective detection of/and response to targeted attacks and breaches. Threat intelligence, behaviour profiling and analytics can improve detection success, so that security managers don’t need to sift through a sea of data to detect and alert on events.
Further, SIEM vendors are now giving greater thought to these requirements, specifically how to support managed services with their own staff or outsourcing partners. SIEM offered as a service (SIEMaas) includes the maintenance of the platform by the vendor, often in a public cloud environment, with customers using their own resources to configure content and monitor and investigate events.
Some modern SIEM solutions can now handle adoption at a massive scale, while static legacy systems have a cap on the amount of data that can be ingested, stored and analyzed. The challenge with leveraging massive amounts of information is that it comes in a dizzying array of unpredictable formats, and traditional monitoring and analytics tools weren’t designed for the variety, velocity, volume or variability of this data.
We present to you, “Top 10 SIEM Consulting/Service Companies - 2020.”