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SIEM and LM Solutions Emerge as Nerve Center of Integrated Cyber-Defense Platforms Companies That Offer All-in-one SIEM/LM Appliances will Surge Ahead - Companies that offer all-in-one SIEM/LM appliances will surge ahead in the global market, finds Frost & Sullivan - NetworkSecurity.Frost.com
SIEM and LM Solutions Emerge as Nerve Center of Integrated Cyber-Defense Platforms Companies That Offer All-in-one SIEM/LM Appliances will Surge Ahead

 

NewswireToday - /newswire/ - Mountain View, CA, United States, 2015/06/02 - Companies that offer all-in-one SIEM/LM appliances will surge ahead in the global market, finds Frost & Sullivan - NetworkSecurity.Frost.com.

   
 
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The global security information and event management (SIEM) and log management (LM) market will continue its steady growth as traditional use cases for SIEM/LM in compliance, storage, and forensic investigations remain crucial, and in some industries, indispensable. Always the stalwart of compliance auditing and reporting, SIEM vendors will make further inroads into the global market by using SIEM capabilities to develop and bolster an integrated cyber-defense platform.

New analysis from Frost & Sullivan, Analysis of the Global Security Information and Event Management (SIEM) and Log Management (LM) Market, finds that the market earned revenues of $1.50 billion in 2014 and estimates this to reach $2.98 billion by 2019.

“The business case for SIEM/LM is strong as vendors use advanced analytics, statistical baselines, and network behavioral anomaly detection to prevent data exfiltration,” said Frost & Sullivan Network Security Industry Analyst Christopher Kissel. “To block network access from a bad IP address, SIEM engines employ bidirectional communication with other security platforms such as next-generation firewalls, intrusion detection and intrusion protection systems, and network access control.”

However, SIEM engines also compete with endpoint security platforms and cyber defense platforms, thus vying for limited consumer budgets and lowering scope for adoption. Furthermore, a timing element might obstruct threat mitigation once a miscreant reaches the SIEM, affecting reliability.

Nevertheless, SIEM/LM solutions remain the best compliance and auditing technology in the market. In most cases, the analytics applied to SIEM may be the last opportunity a network security team has to detect a breach before wide exfiltration occurs. Moreover, intense competition among industry heavyweights such as Hewlett-Packard, Intel Security, RSA, IBM, Splunk, and LogRhythm, accelerates technology advancements.

“The ability to ingest, index and cross-correlate network and application telemetry will become a product differentiator,” anticipates Kissel. “In addition, offering all-in-one appliances will help SIEM/LM providers make a strong impression in small and mid-sized segments, thereby broadening their potential for growth in the global market.”

Analysis of the Global Security Information and Event Management (SIEM) and Log Management (LM) Market is part of the Network Security (networksecurity.frost.com) Growth Partnership Service program. Frost & Sullivan’s related studies include: Global Intrusion Prevention System Market, Identity & Access Management (IAM) Global Market Analysis, Global Finger and Palm Vein Biometrics Market, and Global Network Access Control (NAC) Market. All studies included in subscriptions provide detailed market opportunities and industry trends evaluated following extensive interviews with market participants.

About Frost & Sullivan
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Analysis of the Global Security Information and Event Management (SIEM) and Log Management (LM) Market / NEDD-74

 
 
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SIEM and LM Solutions Emerge as Nerve Center of Integrated Cyber-Defense Platforms Companies That Offer All-in-one SIEM/LM Appliances will Surge Ahead

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