Asia-Pacific Security Information and Event Management Market Growth and Analysis by 2027

Security Information and Event Management market in Asia-Pacific is expected to grow from US$ 601.8 Mn in 2018 to US$ 1,453.5 Mn by the year 2027. This represents a CAGR of 10.4% from the year 2019 to 2027.

Boosting cyber threats across several industries and growing investment in cyber security solutions by large and medium enterprises are fueling the Asia-Pacific Security Information and Event Management market. The organization has spent heavily towards minimizing the potential vulnerabilities and containment of immediate unauthorized access and breach of data. Also, the growing sophistication of cyber threats coupled with a large number of alerts and events notification has created a strong demand for the robust and efficient market for various security-related solutions. Also, the massive cyber security attacks targeting various critical utilities and organization has swung the various international agencies into action for improved corporation towards developing superior solutions capable of mitigating such threats, thereby driving the Security Information and Event Management market in Asia-Pacific.

The integration of AI and other advanced technologies for alerting and pattern based monitoring is anticipated to fuel the Asia-Pacific Security Information and Event Management market growth. AI has proven to be extensively worthy of threat detection as it can detect anomalies, patterns, and outliers more effortlessly and even with a less skilled workforce. Several SIEM service providers have already integrated their existing solution with AI techniques for improvising their analytical and incident response abilities. In the forthcoming years as the end-users’ expectation regarding user behavior and threat detection capabilities increases, the collaboration of existing SIEM solutions with advanced analytical technologies is expected to drive remarkable growth through the value chain of SIEM market. These initiative by the market player are enhancing the growth of Asia-Pacific Security Information and Event Management market.

China is anticipated to leads the Security Information and Event Management market across the Asia-Pacific region through the forecast period. The Indian market for SIEM is growing with the highest growth rate. In terms of cyber-attacks, India accounts for the highest count of Ransomware cases. This is majorly because the country lags in terms of noteworthy awareness and security measures for cyber threat protection. However, in the coming years, the country is anticipated to strengthen its regulation for cyber security, subsequently contributing to the growth of the SIEM market during the forecast period. This bolsters the Asia-Pacific Security Information and Event Management market on the forecast period. The figure given below highlights the revenue share of Rest of APAC in the Asia-Pacific Security Information and Event Management market in the forecast period:

Rest of APAC Security Information and Event Management Market Revenue and Forecasts to 2027 (US$ Bn)

ASIA-PACIFIC SECURITY INFORMATION AND EVENT MANAGEMENT – MARKET SEGMENTATION

By Solution

• Patch Management
• Log & Event Management
• Firewall Security Management
• Others

By Service

• Integration
• Consulting
• Support

By End User

• Healthcare
• Energy & Utility
• BFSI
• Government
• Retail
• Others

By Country

• China
• India
• Japan
• South Korea
• Australia
• Rest of Asia-Pacific

Companies Mentioned

• AlienVault
• DFLABS SPA
• Fireeye, Inc.
• Hewlett Packard Enterprise Development LP (HPE)
• IBM Corporation
• LogRhythm, Inc.
• RSA Security LLC
• SolarWinds Inc.
• Splunk Inc.
• TIBCO Software Inc.

Asia-Pacific Security Information and Event Management Report Scope