Security Information and Event Management (SIEM) Market Size, Share, Vendor Analysis & Growth Trends (2025 - 2030)

The Report Covers the Growth of the Security Information and Event Management Market. It is Segmented by Deployment (On-Premise, Cloud), Organization Type (Small and Medium Enterprises, Large Enterprises), End-user Industry (Retail, Bfsi, Manufacturing, Government, Healthcare, Other End-User Industries), And Geography (North America (United States, Canada), Europe (Germany, United Kingdom, France), Asia-pacific (China, Japan, India, Australia and New Zealand), Latin America (Brazil, Argentina), And Middle East and Africa (United Arab Emirates)). The Market Sizes and Forecasts are Provided in Terms of Value (USD) for all the Above Segments.

Security Information and Event Management (SIEM) Market Size, Share, Vendor Analysis & Growth Trends (2025 - 2030)

Security Information and Event Management (SIEM) Market Size

Security Information and Event Management Market Summary
Study Period 2019 - 2030
Market Size (2025) USD 10.78 Billion
Market Size (2030) USD 19.13 Billion
CAGR (2025 - 2030) 12.16 %
Fastest Growing Market Asia Pacific
Largest Market North America
Market Concentration Low

Major Players

Security Information and Event Management Market Major Players

*Disclaimer: Major Players sorted in no particular order

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Security Information and Event Management (SIEM) Market Analysis

The Security Information and Event Management Market size is estimated at USD 10.78 billion in 2025, and is expected to reach USD 19.13 billion by 2030, at a CAGR of 12.16% during the forecast period (2025-2030).

The Security Information and Event Management (SIEM) landscape is undergoing a dramatic transformation driven by cloud adoption and technological advancement. Industry experts project that by 2024, over 90% of SIEM solutions will offer capabilities delivered exclusively through cloud-log storage, analytics, and incident management, a significant leap from just 20% in 2020. This shift reflects the broader industry trend toward cloud-native architectures, with a recent Unisys survey revealing that 37% of technology firms planned substantial increases in cloud computing investments in 2023. The migration to cloud-based SIEM solutions is revolutionizing how organizations approach security monitoring and threat detection.


The evolution of SIEM technology has been marked by increasing sophistication in threat detection and response capabilities. According to IBM's latest research, the average data breach cost across businesses worldwide reached USD 4.45 million in 2023, highlighting the critical need for advanced security solutions. Modern SIEM platforms are incorporating artificial intelligence and machine learning capabilities to enhance threat detection accuracy and reduce false positives, enabling security teams to focus on genuine threats rather than noise.


The industry is witnessing a significant shift in security threat patterns, with internal threats becoming increasingly prevalent. Barclays reports that 57% of fraud is now committed by company insiders or a combination of insiders and outsiders, emphasizing the need for more sophisticated monitoring and behavioral analysis capabilities. SIEM solutions are evolving to incorporate User and Entity Behavior Analytics (UEBA) and advanced analytics to detect anomalous behavior patterns and potential insider threats more effectively.


Cost considerations continue to shape the SIEM market landscape, with organizations seeking more cost-effective solutions without compromising security capabilities. A 2023 survey by Lokker found that over two-thirds of respondents consider SIEM pricing a critical issue, yet the technology remains essential for managing cyber threats. This has led to the emergence of more flexible pricing models and cloud-based solutions that offer better scalability and reduced maintenance overhead, as organizations no longer need to manage complex on-premise deployments and can instead focus on core security monitoring operations.

Segment Analysis: By Deployment

Cloud Segment in Security Information and Event Management Market

The cloud segment has emerged as the dominant force in the Security Information and Event Management (SIEM) market, commanding approximately 73% of the market share in 2024. Cloud-based SIEM solutions have gained significant traction due to their superior flexibility, accessibility, and time value compared to on-premises systems. Organizations can efficiently handle scaling up to meet massive log volume requirements using cloud SIEM systems, while also benefiting from automatic updates and patches that eliminate maintenance hassles. The segment's growth is further driven by its cost-effectiveness, with cloud-based SIEM users spending on average USD 541,000 per year compared to USD 607,000 for on-premises solutions. Cloud SIEM platforms are also automating operations at nearly double the rate of on-premises users, allowing personnel to focus on more strategic initiatives. Additionally, these solutions offer features like data anonymization, role-based access control, and comprehensive audit trails to ensure data confidentiality.

Market Analysis of Security Information And Event Management Market: Chart for By Deployment

On-Premise Segment in Security Information and Event Management Market

The on-premise segment continues to maintain its relevance in the SIEM market, offering unparalleled control and customization for organizations' security needs. These solutions provide real-time monitoring capabilities for log data analysis and swift threat detection and response. On-premise SIEM deployments are particularly valued in sectors requiring high-level security and strict compliance with regulatory standards. However, the segment faces challenges related to high deployment and maintenance costs, with hardware setups ranging from USD 25,000 for small configurations to USD 100,000 for large setups. Infrastructure costs, including switches, servers, and storage, typically range from USD 13,000 to USD 15,000, while software costs can vary between USD 8,000 and USD 100,000 depending on event volume. The complexity of deployment and implementation, costing around USD 8,000-USD 10,000, along with monthly threat intelligence feed expenses of approximately USD 5,000, has led many organizations to consider cloud alternatives.

Segment Analysis: By Organization Type

Large Enterprises Segment in Security Information and Event Management Market

Large enterprises continue to dominate the Security Information and Event Management (SIEM) market, commanding approximately 65% of the market share in 2024. These organizations often maintain complex IT infrastructures with higher security requirements and larger budgets for comprehensive security measures. According to industry analysis, large enterprises spend around USD 2,700 per full-time employee annually on cybersecurity solutions, including SIEM tools. The segment's dominance is primarily driven by stringent compliance requirements, especially in heavily regulated industries, where SIEM software plays a crucial role in effective compliance management. Large enterprises are increasingly focusing on cloud SIEM solutions, as SaaS offerings significantly reduce overhead costs and allow security teams to concentrate on data gathering and security analytics capabilities rather than routine maintenance tasks.

SMEs Segment in Security Information and Event Management Market

The Small and Medium Enterprises (SMEs) segment is experiencing the fastest growth in the SIEM market, with a projected growth rate of approximately 15% from 2024 to 2029. This rapid growth is primarily driven by the increasing accessibility of SIEM solutions through cloud-based models, which have significantly lowered the barriers to entry for smaller organizations. The segment's growth is further fueled by the rising number of cybersecurity threats targeting SMEs, with studies indicating that small businesses account for around 43% of annual cyberattacks. Cloud-based SIEM solutions are particularly attractive to SMEs as they offer sophisticated machine learning capabilities and behavioral analytics without requiring extensive SOC or NOC oversight, making them both practical and cost-effective for organizations with limited resources.

Segment Analysis: By End-User Industry

BFSI Segment in Security Information and Event Management Market

The Banking, Financial Services, and Insurance (BFSI) sector maintains its dominant position in the Security Information and Event Management market, commanding approximately 27% market share in 2024. This significant market presence is driven by the sector's critical need to protect sensitive financial data and combat sophisticated cyber threats. The ever-evolving nature of cyber threats requires banks to continuously adapt their security infrastructure, with SIEM being one of the most critical components. Financial institutions face various types of fraud that can only be detected through comprehensive monitoring, including ATM fraud, payment card fraud, call-center fraud, banking service fraud, money laundering, and unauthorized access to confidential information. Cloud-native SIEM solutions have emerged as game-changers for the banking industry, leveraging advanced analytics and machine learning to offer higher scalability and flexibility, enabling banks to get a comprehensive overview of attacks and enhance system protection.

Healthcare Segment in Security Information and Event Management Market

The healthcare sector is emerging as the fastest-growing segment in the SIEM market, projected to grow at approximately 14% during 2024-2029. This remarkable growth is driven by the increasing digitization of healthcare records, stringent regulatory requirements like HIPAA compliance, and the critical need to protect sensitive patient information. Healthcare organizations are increasingly adopting cloud-based SIEM solutions to address the challenges posed by legacy infrastructure and IT vulnerabilities. The sector's growth is further fueled by the need for real-time monitoring of electronic medical record (EMR) applications while maintaining patient data confidentiality. Next-gen SIEM solutions are particularly attractive to healthcare providers as they offer advanced features like data anonymization, data filtering, role-based access control, and comprehensive audit trails to ensure data confidentiality while providing robust security monitoring capabilities.

Remaining Segments in End-User Industry

The government sector represents a significant portion of the SIEM market, driven by the need to protect critical infrastructure and sensitive citizen data from increasingly sophisticated cyber threats. The retail sector leverages SIEM solutions to protect against cyber theft and ensure compliance with payment card industry standards, while the manufacturing sector implements these solutions to safeguard their supply chain operations and intellectual property. Other end-user industries, including IT and telecom, utilities, and educational institutions, also contribute to the market growth by adopting SIEM solutions to protect their specific operational environments and sensitive data. Each of these sectors faces unique cybersecurity challenges that drive the adoption of customized SIEM solutions tailored to their specific needs and regulatory requirements.

Security Information And Event Management Market Geography Segment Analysis

Security Information and Event Management Market in North America

North America represents the most mature and largest SIEM market for Security Information and Event Management solutions, driven by the presence of major technology companies, stringent regulatory requirements, and high cybersecurity awareness. The United States and Canada form the key markets in this region, with organizations across various sectors, including banking, healthcare, government, and retail, actively adopting SIEM solutions. The region's leadership position is reinforced by continuous technological innovations, strong cybersecurity infrastructure, and increasing cloud adoption rates across industries.

Market Analysis of Security Information And Event Management Market: Forecasted Growth Rate by Region

Security Information and Event Management Market in United States

The United States dominates the North American SIEM market, holding approximately 77% share of the regional market in 2024. Rising concerns over IT security and cybercrime have prompted organizations to seek more robust security solutions. The market is characterized by the surge in mobile device usage, widespread adoption of cloud services, and an increasingly complex threat landscape. Organizations are increasingly shifting to cloud-native SIEM technologies to bolster their defenses against cyberattacks while gaining crucial visibility into their cloud infrastructure.

Security Information and Event Management Market in Canada

Canada emerges as the fastest-growing market in North America, with a projected growth rate of approximately 12% during 2024-2029. The country has witnessed a notable uptick in cyberattacks, prompting experts to stress the importance of proactive measures. Canadian organizations are increasingly investing in advanced SIEM solutions to protect against evolving cyber threats. The government's substantial funding initiatives and the establishment of new R&D facilities by major cybersecurity players are further driving market growth in the country.

Security Information and Event Management Market in Europe

Europe represents a significant market for SIEM solutions, characterized by stringent data protection regulations like GDPR and increasing digital transformation initiatives across industries. The region encompasses key markets, including Germany, the United Kingdom, and France, each contributing significantly to the overall market growth. The European market is particularly driven by the rising number of cyberattacks on critical infrastructure and the growing adoption of cloud-based security solutions.

Security Information and Event Management Market in United Kingdom

The United Kingdom stands as the largest SIEM market in Europe, commanding approximately 28% of the regional market in 2024. The country's market is characterized by robust cybersecurity infrastructure and strong regulatory frameworks. British organizations across various sectors are increasingly adopting advanced SIEM solutions to combat evolving cyber threats and ensure compliance with stringent data protection regulations.

Security Information and Event Management Market in France

France emerges as the fastest-growing market in Europe, with a projected growth rate of approximately 17% during 2024-2029. The country's cybersecurity preparedness ranks high globally, as per the National Cyber Security Index. French organizations are rapidly adopting advanced SIEM solutions to protect against sophisticated cyber threats. The market is witnessing notable advancements and partnerships to enhance response times against cyber threats and improve overall security posture.

Security Information and Event Management Market in Asia-Pacific

The Asia-Pacific region represents a rapidly evolving market for SIEM solutions, driven by increasing digitalization, rising cyber threats, and growing awareness about cybersecurity. The region encompasses diverse markets, including China, Japan, and India, each with unique cybersecurity challenges and requirements. The market is characterized by increasing investments in cybersecurity infrastructure and growing adoption of cloud-based SIEM solutions.

Security Information and Event Management Market in India

India stands as both the largest and fastest-growing SIEM market in the Asia-Pacific region. The country's market is experiencing steady growth driven by the rising number of cyber threats, data breaches, and security incidents across various industries. Organizations across sectors are prioritizing cybersecurity investments to protect their digital assets and sensitive information, particularly in banking, telecom, healthcare, and government sectors.

Security Information and Event Management Market in Latin America

The Latin American SIEM market is experiencing steady growth, driven by increasing digitalization and rising cybersecurity concerns across various sectors. The region encompasses key markets, including Brazil and Argentina, with Brazil emerging as the largest market and Argentina showing the fastest growth. Organizations across the region are increasingly adopting SIEM solutions to combat rising cyber threats and comply with evolving regulatory requirements.

Security Information and Event Management Market in Middle East and Africa

The Middle East and Africa region presents a growing market for SIEM solutions, driven by digital transformation initiatives and increasing cybersecurity awareness. The region includes key markets such as the United Arab Emirates and Saudi Arabia, with Saudi Arabia emerging as the largest market and the rest of the Middle East and Africa showing the fastest growth. The market is characterized by significant government initiatives to enhance cybersecurity infrastructure and growing adoption of advanced SIEM solutions across various sectors.

Security Information and Event Management (SIEM) Market Overview

Top Companies in Security Information and Event Management Market

The Security Information and Event Management (SIEM) market is characterized by continuous innovation and strategic developments from major players, including IBM, Splunk, Fortinet, LogRhythm, McAfee, and OpenText Corporation. Companies are increasingly focusing on cloud-native architectures and AI-powered capabilities to enhance their SIEM offerings, with particular emphasis on real-time threat detection and automated response mechanisms. Strategic partnerships and technology integrations have become crucial for expanding solution capabilities and market reach, with vendors actively collaborating with cloud providers, cybersecurity firms, and managed service providers. The industry has witnessed a significant shift toward providing flexible deployment options, including hybrid and cloud-based solutions, to accommodate diverse customer needs. Market leaders are investing heavily in research and development to incorporate advanced analytics, machine learning, and behavioral analysis capabilities into their platforms, while simultaneously expanding their global presence through strategic channel partnerships and regional offices.

Dynamic Market Structure with Ongoing Consolidation

The competitive landscape of the SIEM market exhibits a mix of global technology conglomerates and specialized cybersecurity providers, creating a competitive environment that balances comprehensive enterprise solutions with focused security expertise. Large multinational corporations leverage their extensive resources and established customer relationships to dominate the enterprise segment, while specialized providers differentiate themselves through innovative features and targeted solutions for specific industry verticals. The market has experienced significant consolidation through strategic acquisitions, as evidenced by major moves such as Cisco's acquisition of Splunk and Symphony Technology Group's acquisition of RSA Security, reflecting the industry's trend toward integrated security platforms.


The competitive dynamics are further shaped by regional players who maintain strong positions in their local markets through a deep understanding of regional compliance requirements and customer needs. Market participants are increasingly focusing on developing partner ecosystems, including managed security service providers and system integrators, to enhance their delivery capabilities and market reach. The emergence of cloud-native SIEM solutions has lowered barriers to entry for innovative startups, though established players maintain advantages through their comprehensive feature sets and established customer relationships.

Innovation and Adaptability Drive Market Success

Success in the SIEM market increasingly depends on vendors' ability to deliver scalable, intelligent solutions that can adapt to evolving threat landscapes and customer requirements. Incumbent providers are focusing on expanding their technological capabilities through internal development and strategic acquisitions, while also strengthening their managed service offerings to address the growing skills gap in cybersecurity. Market leaders are investing in developing industry-specific solutions and compliance frameworks, while also expanding their geographic presence through local partnerships and enhanced support infrastructure. The ability to provide seamless integration with existing security tools and demonstrate clear return on investment has become crucial for maintaining market position.


For emerging players and contenders, success lies in identifying and addressing underserved market segments or specific industry verticals with specialized solutions. Companies are differentiating themselves through innovative pricing models, enhanced automation capabilities, and focused customer support strategies. The increasing regulatory focus on data protection and cybersecurity compliance across industries presents opportunities for vendors to establish themselves as trusted advisors. Market participants must also consider the growing influence of cloud service providers and the potential for platform consolidation, while maintaining flexibility to adapt to changing customer preferences and technological advancements.

Security Information and Event Management (SIEM) Market Leaders

  1. IBM Corporation

  2. Splunk Inc.

  3. Fortinet Inc.

  4. LogRhythm Inc.

  5. McAfee LLC

  6. *Disclaimer: Major Players sorted in no particular order
Security Information and Event Management Market Concentration
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Security Information and Event Management (SIEM) Market News

  • November 2023: IBM unveiled a major update to its enterprise-ready threat detection and response (QRadar) SIEM product. The product has been re-engineered on a cloud-native foundation, designed for hybrid cloud scalability, speed, and flexibility. IBM also announced plans to deliver generic AI capabilities across its threat detection and response product portfolio – leveraging Watsonx, its enterprise data & AI platform.
  • April 2023: ManageEngine, the enterprise IT management division of Zoho Corporation, announced the launch of the MSSP Edition of its cloud-based SIEM solution, Log360 Cloud. 

Security Information and Event Management (SIEM) Market Report - Table of Contents

1. INTRODUCTION

  • 1.1 Study Deliverables and Assumptions
  • 1.2 Scope of the Study

2. RESEARCH METHODOLOGY

3. EXECUTIVE SUMMARY

4. MARKET INSIGHTS

  • 4.1 Market Overview
  • 4.2 Industry Attractiveness - Porter's Five Forces Analysis
    • 4.2.1 Bargaining Power of Suppliers
    • 4.2.2 Bargaining Power of Buyers
    • 4.2.3 Threat of New Entrants
    • 4.2.4 Threat of Substitutes
    • 4.2.5 Degree of Competition

5. MARKET DYNAMICS

  • 5.1 Market Drivers
    • 5.1.1 Growth in Security Concerns
    • 5.1.2 Increasing Adoption of BYOD
  • 5.2 Market Challenge
    • 5.2.1 High Cost of Deployment and Scalability

6. MARKET SEGMENTATION

  • 6.1 By Deployment
    • 6.1.1 On-premise
    • 6.1.2 Cloud
  • 6.2 By Organisation Type
    • 6.2.1 Small and Medium Enterprises (SMEs)
    • 6.2.2 Large Enterprises
  • 6.3 By End-user Industry
    • 6.3.1 Retail
    • 6.3.2 BFSI
    • 6.3.3 Manufacturing
    • 6.3.4 Government
    • 6.3.5 Healthcare
    • 6.3.6 Other End-user Industries
  • 6.4 By Geography
    • 6.4.1 North America
    • 6.4.1.1 United States
    • 6.4.1.2 Canada
    • 6.4.2 Europe
    • 6.4.2.1 Germany
    • 6.4.2.2 United Kingdom
    • 6.4.2.3 France
    • 6.4.3 Asia
    • 6.4.3.1 China
    • 6.4.3.2 Japan
    • 6.4.3.3 India
    • 6.4.3.4 Australia and New Zealand
    • 6.4.4 Latin America
    • 6.4.4.1 Brazil
    • 6.4.4.2 Argentina
    • 6.4.5 Middle East and Africa
    • 6.4.5.1 United Arab Emirates

7. COMPETITIVE LANDSCAPE

  • 7.1 Company Profiles*
    • 7.1.1 IBM Corporation
    • 7.1.2 Splunk Inc.
    • 7.1.3 Fortinet Inc.
    • 7.1.4 LogRhythm Inc.
    • 7.1.5 McAfee LLC
    • 7.1.6 Open Text Corporation
    • 7.1.7 RSA Security LLC (Dell Technologies)
    • 7.1.8 Rapid7 Inc.
    • 7.1.9 Exabeam Inc.
    • 7.1.10 Securonix Inc.
    • 7.1.11 AlienVault Inc.
    • 7.1.12 Hewlett Packard Enterprise Company

8. INVESTMENT ANALYSIS

9. MARKET OPPORTUNITIES AND FUTURE TRENDS

**Subject to Availability
***In the final report, Asia, Australia, and New Zealand will be studied together as 'Asia Pacific.'
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Security Information and Event Management (SIEM) Market Industry Segmentation

Security information and event management is a sophisticated technology that includes mobile devices, cloud, third-party threat intelligence, and traditional sources, such as endpoints, firewalls, system logs, and directory services. SIEM is a tool for gathering data for threat analysis and detecting threats. It is based on real-time analysis of security alerts generated in an organization's IT network applications and infrastructure.

The security information and event management market is segmented by deployment (on-premise, cloud), organization type (small and medium enterprises, large enterprises), end-user industry (retail, BFSI, manufacturing, government, healthcare, other end-user industries), and geography (North America (United States, Canada), Europe (Germany, United Kingdom, France), Asia-Pacific (China, Japan, India, Australia and New Zealand), Latin America (Brazil, Argentina), and Middle East and Africa (United Arab Emirates)). the market sizes and forecasts are provided in terms of value (USD) for all the above segments.

By Deployment On-premise
Cloud
By Organisation Type Small and Medium Enterprises (SMEs)
Large Enterprises
By End-user Industry Retail
BFSI
Manufacturing
Government
Healthcare
Other End-user Industries
By Geography North America United States
Canada
Europe Germany
United Kingdom
France
Asia China
Japan
India
Australia and New Zealand
Latin America Brazil
Argentina
Middle East and Africa United Arab Emirates
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Security Information and Event Management (SIEM) Market Research FAQs

How big is the Security Information And Event Management Market?

The Security Information And Event Management Market size is expected to reach USD 10.78 billion in 2025 and grow at a CAGR of 12.16% to reach USD 19.13 billion by 2030.

What is the current Security Information And Event Management Market size?

In 2025, the Security Information And Event Management Market size is expected to reach USD 10.78 billion.

Who are the key players in Security Information And Event Management Market?

IBM Corporation, Splunk Inc., Fortinet Inc., LogRhythm Inc. and McAfee LLC are the major companies operating in the Security Information And Event Management Market.

Which is the fastest growing region in Security Information And Event Management Market?

Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2025-2030).

Which region has the biggest share in Security Information And Event Management Market?

In 2025, the North America accounts for the largest market share in Security Information And Event Management Market.

What years does this Security Information And Event Management Market cover, and what was the market size in 2024?

In 2024, the Security Information And Event Management Market size was estimated at USD 9.47 billion. The report covers the Security Information And Event Management Market historical market size for years: 2019, 2020, 2021, 2022, 2023 and 2024. The report also forecasts the Security Information And Event Management Market size for years: 2025, 2026, 2027, 2028, 2029 and 2030.

Security Information and Event Management (SIEM) Market Research

Mordor Intelligence provides comprehensive industry analysis and market insights for the security information and event management sector, covering crucial aspects like SIEM market size, growth trajectories, and competitive landscape. Our detailed research encompasses emerging trends in security monitoring, threat intelligence platforms, and security automation, offering stakeholders a thorough understanding of market dynamics. The report pdf includes in-depth analysis of SIEM vendors, their market share, technological innovations, and strategic initiatives, enabling businesses to make informed decisions in this rapidly evolving cybersecurity landscape.
Our consulting expertise extends beyond traditional market research to provide tailored solutions in the SIEM market. We assist organizations with technology scouting to identify cutting-edge security analytics solutions, competition assessment to understand SIEM market leaders, and go-to-market strategies for new cybersecurity products. Our team conducts comprehensive analyses of security operations center implementations, customer need assessment for incident response capabilities, and evaluation of security orchestration solutions. Through data aggregation and advanced analytics, we help stakeholders navigate the complex landscape of security information & event management, providing actionable insights for strategic decision-making.