Security Information and Event Management Market Size, Share & Growth Report, 2030

Name: Security Information and Event Management Market Size, Share & Growth Report, 2030
Creator: Mordor Intelligence
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Security Information And Event Management (SIEM) Market Size and Share

Market Overview

Study Period	2019 - 2030
Market Size (2025)	USD 10.78 Billion
Market Size (2030)	USD 19.13 Billion
Growth Rate (2025 - 2030)	12.16% CAGR
Fastest Growing Market	Asia Pacific
Largest Market	North America
Market Concentration	Medium
Major Players *Disclaimer: Major Players sorted in no particular order Image © Mordor Intelligence. Reuse requires attribution under CC BY 4.0.

Security Information and Event Management (SIEM) Market (2025 - 2030) — Image © Mordor Intelligence. Reuse requires attribution under CC BY 4.0.

Security Information And Event Management (SIEM) Market Analysis by Mordor Intelligence

The global SIEM market stood at USD 10.78 billion in 2025 and is forecast to climb to USD 19.13 billion by 2030, advancing at a 12.16% CAGR. A surge in cloud workload telemetry, strict regulatory mandates, and rapid vendor consolidation are the primary growth catalysts. Large enterprises continue to expand log ingestion as attack surfaces widen, while small and medium-sized businesses enter the market through cloud-native consumption models. North American demand is buoyed by SOX and PCI DSS rules, whereas European spending accelerates in response to NIS2 and DORA. Vendor roadmaps now revolve around AI-powered analytics, unified data pipelines, and simplified licensing, themes that spur refresh cycles following Cisco’s landmark acquisition of Splunk in 2024^{[1]European Union Agency for Cybersecurity, “NIS2 Directive Budget Impact,” enisa.europa.eu}.

Key Report Takeaways

By deployment model, on-premise solutions led with 55.75% of SIEM market share in 2024; cloud deployments are projected to expand at a 13.40% CAGR to 2030.
By architecture, legacy platforms held 46.20% revenue share in 2024, while next-generation cloud-native SIEM recorded the highest projected CAGR of 18.10% through 2030.
By component, platform software accounted for 63.10% share of the SIEM market size in 2024, whereas managed SIEM services are forecast to grow at 17.20% CAGR between 2025 and 2030.
By organization size, large enterprises contributed 50.45% of 2024 revenue; the SME segment is set to rise at 12.70% CAGR to 2030.
By end-user industry, BFSI retained 26.78% revenue share in 2024, and the energy and utilities segment is advancing at a 14.60% CAGR through 2030.
By application, Threat Detection and Analytics retained 32.70% of 2024 revenue, the Cloud Workload Security Monitoring segment is advancing at a 19.90% CAGR through 2030.
By geography, North America captured 39.20% of revenue in 2024, while Asia-Pacific is expected to post 11.80% CAGR through 2030.

Global Security Information And Event Management (SIEM) Market Trends and Insights

Drivers Impact Analysis

Driver	(~) % Impact on CAGR Forecast	Geographic Relevance	Impact Timeline
Exponential growth of security telemetry	+2.8%	Global, highest in North America and Asia-Pacific	Medium term (2-4 years)
Escalating regulatory penalties and audits	+2.1%	Europe and North America, expanding to Asia-Pacific	Long term (≥ 4 years)
Accelerated cloud and hybrid adoption	+1.9%	Global, led by North America and Europe	Short term (≤ 2 years)
AI and ML-driven analytics	+1.7%	North America and Europe early adoption, Asia-Pacific following	Medium term (2-4 years)
Security-data-pipeline layer optimization	+1.4%	Global, beneficial for large enterprises	Medium term (2-4 years)
Vendor mega-deals triggering refresh cycles	+1.2%	Global, concentrated in mature markets	Short term (≤ 2 years)

Source: Mordor Intelligence

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Exponential growth of security telemetry

Enterprises generate terabytes of logs each day from endpoints, cloud services, and operational technology. The volume strains traditional ingestion models yet unlocks richer context for threat hunting. CPFL Energia monitors more than 50,000 smart-grid devices through a modern SIEM that routes high-value events to a data lake for cost control. Cloud-native elasticity permits burst processing during incident spikes, and selective retention keeps storage fees predictable. Vendors that integrate low-cost object storage with query¬able metadata gain traction as customers balance coverage and cost.

Escalating regulatory penalties and audits

Europe’s NIS2 obliges operators of essential services to log, monitor, and retain events for incident reconstruction, pushing security budgets up to 9.0% of IT spending. In finance, DORA compels real-time detection and reporting. Bank Leumi lowered false positives by 70% after a SIEM upgrade tailored to audit evidence generation. Health providers face HIPAA-driven breach fines that now average USD 4.88 million, a cost that underscores the need for continuous monitoring.

Accelerated cloud and hybrid adoption

Migration of line-of-business systems to public clouds drives unified visibility across Kubernetes, serverless, and edge locations. Japanese firms such as NEC favor hybrid SIEM that keeps sensitive logs in domestic regions while analyzing metadata in the provider cloud, satisfying residency rules yet gaining elasticity. Consumption pricing shifts SIEM outlays from capital expense to operating budgets, a model that appeals to mid-market buyers.

AI and ML-driven analytics

Machine learning models profile user and device behavior, filtering noise and surfacing anomalies. Manufacturers adopting AI-enabled SIEM cut manual investigation time by 60%. CrowdStrike’s LogScale unit reached USD 220 million ARR by embedding ML that maps raw telemetry to MITRE ATT&CK tactics in real time. As false alert counts fall, analyst morale improves and total cost of ownership declines.

Restraint Impact Analysis

Restraint	(~) % Impact on CAGR Forecast	Geographic Relevance	Impact Timeline
High total cost of ownership	-1.8%	Global, particularly affecting SMEs	Long term (≥ 4 years)
Shortage of skilled SOC analysts	-1.5%	Global, acute in North America and Europe	Medium term (2-4 years)
Data-sovereignty barriers to aggregation	-1.2%	Europe and Asia-Pacific regulatory environments	Long term (≥ 4 years)
Overlap with XDR and SOAR delaying budgets	-0.9%	North America and Europe enterprise markets	Short term (≤ 2 years)

Source: Mordor Intelligence

High total cost of ownership

Traditional per-event licenses force buyers to cap ingestion, creating security blind spots. Hardware tariffs raised appliance costs by as much as 20% during 2024, adding budget strain^{[2]Matrix Integration, “Tariffs Drive Hardware Costs Higher,” matrixintegration.com}. Hidden cloud fees for storage, egress, and premium analytics surprise first-time adopters. Vendors now push pipeline off-load tiers and flat-rate pricing to restore predictability.

Shortage of skilled SOC analysts

Eighty-nine percent of European organizations expect to hire extra staff to satisfy NIS2, yet the talent pool lags demand. Turnover rises as analysts sift through thousands of alerts. Automation helps triage, but humans remain essential for tuning correlation rules and deciding escalation paths. Managed SIEM services grow quickly as enterprises outsource complex detection engineering.

Segment Analysis

By Deployment: Cloud transformation accelerates

On-premise deployments held 55.75% of SIEM market share in 2024. The segment remains favored by industries bound to strict data-sovereignty policies, yet growth is subdued as hardware costs rise and skills shortages deepen. The cloud cohort advances at 13.40% CAGR, propelled by elastic scaling and pay-as-you-go fees that widen access to advanced analytics. Hybrid designs act as a bridge, placing regulated data on local nodes while streaming telemetry to low-cost object storage in the cloud.

Cloud adoption shifts upgrade cycles from multi-year appliance refreshes to continuous feature delivery. Siemens uses a hybrid pattern that runs OT parsers on premises while enriching events in the cloud for threat intelligence correlation. As licensing shifts to data usage, buyers gain transparency on the SIEM market size for each deployment choice. Vendor consolidation accelerates moves away from aging on-prem stacks toward modern SaaS offerings hosted by hyperscalers.

Security Information and Event Management (SIEM) Market: Market Share by By Deployment — Image © Mordor Intelligence. Reuse requires attribution under CC BY 4.0.

By SIEM Architecture: Next-generation platforms gain momentum

Legacy platforms represented 46.20% revenue share in 2024, yet they lose ground as query performance and rule tuning falter under data scale. Next-generation cloud-native engines are forecast to rise at 18.10% CAGR, the fastest among architectural types. These systems decouple storage from compute and embed machine learning at ingestion, reducing mean time to detect.

Palo Alto Networks folded QRadar SaaS into Cortex XSIAM and booked more than USD 90 million in the first post-deal quarter. Open-source stacks carve a budget niche but demand deep engineering skills. Migration utilities and compatibility layers ease the shift from traditional rule syntax to schema-on-read models. The SIEM market aligns behind architectures that treat telemetry as big data rather than event streams.

By Component: Services growth outpaces platform sales

Platform licences accounted for 63.10% of 2024 revenue, yet managed SIEM services are projected to deliver the strongest expansion at 17.20% CAGR. Persistent skills shortages push enterprises to contract 24×7 monitoring, tuning, and incident response. Professional services remain critical for initial rollout, schema mapping, and compliance report design.

IBM Consulting offers migration services to QRadar clients moving onto Cortex XSIAM without added cost, illustrating how integrators drive platform stickiness. Service providers bundle threat intelligence, playbooks, and compliance artefacts, letting customers tap expertise beyond internal headcount limits. The trend enlarges the SIEM market size that flows through recurring service contracts rather than perpetual licences.

By Organization Size: Enterprise dominance with SME upside

Large enterprises commanded 50.45% of 2024 demand and continue expanding ingestion as zero-trust projects widen monitoring scope. SMEs log double-digit growth at 12.70% CAGR, benefitting from SaaS SIEM packs with onboarding wizards and usage-tiered plans. Mid-market buyers seek enterprise-class analytics at manageable price points, driving interest in open-core offerings.

SME adoption rebalances revenue mix yet does not erode enterprise share thanks to rising data volumes. Usage-based licensing grants smaller firms features once reserved for Fortune 500 peers. The SIEM market supports multiple tiers of complexity, with simplified dashboards for lean teams and advanced content packs for mature SOCs.

By End-user Industry: BFSI leadership, energy sector acceleration

BFSI retained 26.78% revenue in 2024, upheld by round-the-clock payment traffic and stringent audit routines. The energy and utilities vertical is projected to post 14.60% CAGR to 2030, the quickest among industries. Converging IT and OT networks expose power grids to ransomware, driving heavy investment in log visibility.

Change Healthcare’s breach underlined the financial and operational impact of weak telemetry and pushed health providers to audit SIEM coverage thoroughly. Retail, manufacturing, and government sustain steady growth under sector-specific mandates. Segment leaders rely on MITRE mappings, automated compliance evidence, and OT protocol parsers to deepen detection reach.

Security Information and Event Management (SIEM) Market: Market Share by By End-user Industry — Image © Mordor Intelligence. Reuse requires attribution under CC BY 4.0.

By Application: Threat detection dominates, cloud monitoring surges

Threat detection and analytics delivered 32.70% of 2024 application revenue. Core use cases include correlation, anomaly scoring, and kill-chain visualisation. Cloud-workload monitoring is forecast to accelerate at 19.90% CAGR as enterprises containerise workloads and adopt serverless functions that bypass legacy network sensors.

IoT and industrial control system monitoring also expand as 5G deployments connect previously air-gapped devices. Vendors now package dashboards for Kubernetes, AWS Lambda, and Azure Functions. As organisations pivot to platform engineering, SIEM ties into DevOps pipelines to flag misconfigurations before code reaches production environments.

Geography Analysis

North America accounted for 39.20% of the SIEM market revenue in 2024, underpinned by mature breach notification statutes and high cyber insurance premiums. Budget allocations remain robust as boards tie security controls to fiduciary risk. The region’s cloud adoption and early AI experimentation reinforce its leadership. Despite a saturated base, upsell to integrated observability keeps growth in mid-single digits.

Asia-Pacific is projected to post 11.80% CAGR, the fastest globally. China’s Multi-Level Protection Scheme and India’s Digital Personal Data Protection Act spur mandatory logging for critical information infrastructure. Domestic cloud vendors team with global SIEM players to satisfy localisation rules. Japanese conglomerates favour hybrid SIEM that parks raw events in Tokyo regions while outsourcing analytics to global clouds, balancing sovereignty and capability.

Europe maintains a sizeable stake on the back of GDPR and the incoming NIS2. Boards face fines reaching 2% of global turnover for monitoring lapses, incentivising investment. Data sovereignty drives preference for regional clouds such as OVHcloud and Deutsche Telekom. The Digital Operational Resilience Act imposes real-time threat detection in finance, fuelling premium SIEM demand.

Security Information and Event Management (SIEM) Market CAGR (%), Growth Rate by Region — Image © Mordor Intelligence. Reuse requires attribution under CC BY 4.0.

Competitive Landscape

Three mega-acquisitions in 2024 reshaped the SIEM marketplace. Cisco’s USD 28 billion purchase of Splunk combined network telemetry with observability data to create a full-stack analytics suite^{[3]CRN Editorial Staff, “Cisco Closes Splunk Acquisition,” crn.com}. Palo Alto Networks folded IBM QRadar SaaS into its Cortex line for USD 500 million, aligning SOC, XDR, and automation. Exabeam merged with LogRhythm in a USD 3.5 billion private-equity deal, pooling UEBA and log-ingestion expertise.

Competitive advantage now pivots on cloud-native design, AI-assisted triage, and integrated orchestration. Microsoft Azure Sentinel gained momentum in 2025 through tight coupling with Defender and Entra ID. Fortinet grew security-operations ARR by 32% as firewalls fed enriched logs into its Unified Analytics module. Emerging disruptors like Securonix focus on sector-specific use cases such as industrial protocols and insider risk.

Patent filings show vendors racing to embed transformer-based models for anomaly detection and to automate response playbooks. Pricing simplicity surfaces as a differentiator, with flat-rate tiers countering ingestion fear. Overall, the SIEM industry displays moderate concentration yet ample space for niche innovators.

Security Information And Event Management (SIEM) Industry Leaders

Cisco Systems, Inc.
Microsoft Corporation
International Business Machines Corporation
Rapid7, Inc.
Fortinet, Inc.
*Disclaimer: Major Players sorted in no particular order

Security Information And Event Management (SIEM) Market — Image © Mordor Intelligence. Reuse requires attribution under CC BY 4.0.

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Recent Industry Developments

June 2025: Fortinet Q1 2025 revenue reached USD 1.54 billion with continued platform convergence momentum.
May 2025: CrowdStrike LogScale crossed USD 220 million ARR driven by AI analytics.
March 2025: SentinelOne enhanced AI-powered SIEM integrations for multicloud.
March 2025: Elastic refined cloud SIEM pricing to ease ingestion cost concerns.

Table of Contents for Security Information And Event Management (SIEM) Industry Report

1. INTRODUCTION

1.1 Study Assumptions and Market Definition
1.2 Scope of the Study

2. RESEARCH METHODOLOGY

3. EXECUTIVE SUMMARY

4. MARKET LANDSCAPE

4.1 Market Overview
4.2 Market Drivers
- 4.2.1 Exponential growth of security telemetry volumes
- 4.2.2 Escalating regulatory penalties and audit frequency
- 4.2.3 Accelerated cloud and hybrid adoption of enterprise workloads
- 4.2.4 AI/ML-infused analytics improve signal-to-noise ratios
- 4.2.5 Emergence of security-data-pipeline layer reduces SIEM TCO
- 4.2.6 Vendor mega-deals (Cisco-Splunk, Exabeam-LogRhythm) trigger refresh cycles
4.3 Market Restraints
- 4.3.1 High total cost of ownership and licensing complexity
- 4.3.2 Shortage of skilled SOC analysts
- 4.3.3 Data-sovereignty barriers to central log aggregation
- 4.3.4 Overlap with XDR/SOAR platforms delays budget approval
4.4 Evaluation of Critical Regulatory Framework
4.5 Value Chain Analysis
4.6 Technological Outlook
4.7 Porter's Five Forces
- 4.7.1 Bargaining Power of Suppliers
- 4.7.2 Bargaining Power of Buyers
- 4.7.3 Threat of New Entrants
- 4.7.4 Threat of Substitutes
- 4.7.5 Competitive Rivalry
4.8 Impact Assessment of Key Stakeholders
4.9 Key Use Cases and Case Studies
4.10 Impact on Macroeconomic Factors of the Market
4.11 Investment Analysis

5. MARKET SEGMENTATION

5.1 By Deployment
- 5.1.1 On-premise
- 5.1.2 Cloud
- 5.1.3 Hybrid
5.2 By SIEM Architecture
- 5.2.1 Legacy / Traditional SIEM
- 5.2.2 Cloud-native / Next-Gen SIEM
- 5.2.3 Open-source SIEM
5.3 By Component
- 5.3.1 Platform / Software
- 5.3.2 Professional Services
- 5.3.3 Managed SIEM Services (MSSP)
5.4 By Organization Size
- 5.4.1 Small and Medium Enterprises
- 5.4.2 Large Enterprises
5.5 By End-user Industry
- 5.5.1 Banking, Financial Services and Insurance (BFSI)
- 5.5.2 Retail and E-commerce
- 5.5.3 Government and Defense
- 5.5.4 Healthcare and Life Sciences
- 5.5.5 Manufacturing
- 5.5.6 Energy and Utilities
- 5.5.7 Telecom and IT
- 5.5.8 Others
5.6 By Application
- 5.6.1 Threat Detection and Analytics
- 5.6.2 Compliance and Audit Management
- 5.6.3 Incident Response and Forensics
- 5.6.4 Log Management and Reporting
- 5.6.5 Cloud-Workload Security Monitoring
- 5.6.6 IoT / OT Security Monitoring
5.7 By Geography
- 5.7.1 North America
- 5.7.1.1 United States
- 5.7.1.2 Canada
- 5.7.1.3 Mexico
- 5.7.2 South America
- 5.7.2.1 Brazil
- 5.7.2.2 Argentina
- 5.7.2.3 Rest of South America
- 5.7.3 Europe
- 5.7.3.1 United Kingdom
- 5.7.3.2 Germany
- 5.7.3.3 France
- 5.7.3.4 Italy
- 5.7.3.5 Spain
- 5.7.3.6 Nordics
- 5.7.3.7 Rest of Europe
- 5.7.4 Middle East and Africa
- 5.7.4.1 Middle East
- 5.7.4.1.1 Saudi Arabia
- 5.7.4.1.2 United Arab Emirates
- 5.7.4.1.3 Turkey
- 5.7.4.1.4 Rest of Middle East
- 5.7.4.2 Africa
- 5.7.4.2.1 South Africa
- 5.7.4.2.2 Egypt
- 5.7.4.2.3 Nigeria
- 5.7.4.2.4 Rest of Africa
- 5.7.5 Asia-Pacific
- 5.7.5.1 China
- 5.7.5.2 India
- 5.7.5.3 Japan
- 5.7.5.4 South Korea
- 5.7.5.5 ASEAN
- 5.7.5.6 Australia
- 5.7.5.7 New Zealand
- 5.7.5.8 Rest of Asia-Pacific

6. COMPETITIVE LANDSCAPE

6.1 Market Concentration
6.2 Strategic Moves
6.3 Market Share Analysis
6.4 Company Profiles (includes Global level Overview, Market level overview, Core Segments, Financials as available, Strategic Information, Market Rank/Share for key companies, Products and Services, and Recent Developments)
- 6.4.1 Cisco Systems, Inc. (Splunk)
- 6.4.2 International Business Machines Corporation
- 6.4.3 Microsoft Corporation (Azure Sentinel)
- 6.4.4 Google LLC (Chronicle Security Operations)
- 6.4.5 Fortinet, Inc.
- 6.4.6 LogRhythm, Inc.
- 6.4.7 Exabeam, Inc.
- 6.4.8 Rapid7, Inc.
- 6.4.9 OpenText Corporation (ArcSight)
- 6.4.10 RSA Security LLC
- 6.4.11 Securonix, Inc.
- 6.4.12 CrowdStrike Holdings, Inc.
- 6.4.13 Elastic N.V.
- 6.4.14 ATandT Cybersecurity (AlienVault)
- 6.4.15 Micro Focus International plc
- 6.4.16 SolarWinds Corporation
- 6.4.17 Graylog, Inc.
- 6.4.18 Logpoint A/S
- 6.4.19 ManageEngine (Zoho Corp.)
- 6.4.20 Hewlett Packard Enterprise Company

7. MARKET OPPORTUNITIES AND FUTURE OUTLOOK

7.1 White-space and Unmet-need Assessment

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Global Security Information And Event Management (SIEM) Market Report Scope

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
	Hybrid
By SIEM Architecture	Legacy / Traditional SIEM
	Cloud-native / Next-Gen SIEM
	Open-source SIEM
By Component	Platform / Software
	Professional Services
	Managed SIEM Services (MSSP)
By Organization Size	Small and Medium Enterprises
	Large Enterprises
By End-user Industry	Banking, Financial Services and Insurance (BFSI)
	Retail and E-commerce
	Government and Defense
	Healthcare and Life Sciences
	Manufacturing
	Energy and Utilities
	Telecom and IT
	Others
By Application	Threat Detection and Analytics
	Compliance and Audit Management
	Incident Response and Forensics
	Log Management and Reporting
	Cloud-Workload Security Monitoring
	IoT / OT Security Monitoring

By Geography	North America	United States
		Canada
		Mexico

	South America	Brazil
		Argentina
		Rest of South America

	Europe	United Kingdom
		Germany
		France
		Italy
		Spain
		Nordics
		Rest of Europe

	Middle East and Africa	Middle East	Saudi Arabia
			United Arab Emirates
			Turkey
			Rest of Middle East

		Africa	South Africa
			Egypt
			Nigeria
			Rest of Africa

	Asia-Pacific	China
		India
		Japan
		South Korea
		ASEAN
		Australia
		New Zealand
		Rest of Asia-Pacific

By Deployment

On-premise

Cloud

Hybrid

By SIEM Architecture

Legacy / Traditional SIEM

Cloud-native / Next-Gen SIEM

Open-source SIEM

By Component

Platform / Software

Professional Services

Managed SIEM Services (MSSP)

By Organization Size

Small and Medium Enterprises

Large Enterprises

By End-user Industry

Banking, Financial Services and Insurance (BFSI)

Retail and E-commerce

Government and Defense

Healthcare and Life Sciences

Manufacturing

Energy and Utilities

Telecom and IT

Others

By Application

Threat Detection and Analytics

Compliance and Audit Management

Incident Response and Forensics

Log Management and Reporting

Cloud-Workload Security Monitoring

IoT / OT Security Monitoring

By Geography

North America	United States
	Canada
	Mexico
South America	Brazil
	Argentina
	Rest of South America
Europe	United Kingdom
	Germany
	France
	Italy
	Spain
	Nordics
	Rest of Europe

Middle East and Africa	Middle East	Saudi Arabia
		United Arab Emirates
		Turkey
		Rest of Middle East

	Africa	South Africa
		Egypt
		Nigeria
		Rest of Africa
Asia-Pacific	China
	India
	Japan
	South Korea
	ASEAN
	Australia
	New Zealand
	Rest of Asia-Pacific

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Key Questions Answered in the Report

What is the current size of the SIEM market?

The SIEM market generated USD 10.78 billion in revenue during 2025 and is forecast to reach USD 19.13 billion by 2030.

Which region leads SIEM spending?

North America leads with 39.20% share, driven by stringent regulations such as SOX and PCI DSS.

Which deployment model is growing fastest?

Cloud-based SIEM is expanding at a 13.40% CAGR as enterprises migrate workloads to public clouds.

Why are AI and machine learning important in SIEM?

AI techniques cut false positives, shorten investigation time by up to 60%, and improve detection accuracy in complex environments.

What is the biggest challenge limiting SIEM adoption?

High total cost of ownership remains the key barrier, especially for small and midsize organisations, followed closely by the shortage of skilled SOC analysts.