TECH SUPPLIER Oct 2021 - Market Share - Doc # US46350821

Worldwide Security and Information Event Management Market Shares, 2020: SaaS-Focused Rise

By: Michelle AbrahamResearch Director, Security and Trust, Christopher KisselResearch Director, Security & Trust Products

Abstract

This IDC study provides the worldwide market share data for security and information event management (SIEM) for CY20.

SIEM contracts are contested on two fronts. First, the telemetry that a SIEM can provide — ranging from user behavioral analytics (UBA) to network intelligence to workflow — is being challenged by XDR platforms. The second challenge will be log management support. Public cloud hosts such as Amazon Web Services (AWS), Microsoft Azure (in cloud support, not just its SIEM), and Google Cloud Platform (GCP) could offer more security-related services and become a viable competitor to SIEM.

"The SIEM market is in a period of uncertainty with vendors figuring out what to offer in a SIEM versus XDR platform," said Michelle Abraham, research director, Security and Trust. "The jury is still out on which one will be deemed necessary to most customers in the future."


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