Security News > 2021 > September > SIEM market size to reach $6436.2 million by 2027

Major factors driving the growth of the SIEM market.

The rise in concerns over IT security is expected to boost the SIEM market.

Globally, the SIEM market is further being driven by increased attention to comprehensive IT governance rules and compliance with the regulatory environment.

Increasing need for security solutions that help organizations recognize potential security threats and vulnerabilities is expected to drive the SIEM market.

Increased attention to comprehensive IT governance policies and compliance with the regulatory framework is expected to drive the SIEM market during the forecast period.

Based on application, the retail SIEM market is predicted to develop the fastest, owing to increased concerns about the security of e-commerce data and in-store financial and personal information about customers; BFSI is also one of the top SIEM users, followed by the IT & telecom vertical.

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