Security Information And Event Management Market Share

Market Share of Security Information And Event Management Industry

The security information and event management market is fragmented and dominated by the major players. Some major market players are IBM Corporation, Splunk Inc., Fortinet Inc., LogRhythm Inc., and McAfee LLC. The various ongoing acquisitions and innovations are leading to the market's growth. In addition, SIEM providers are forming partnerships with different end-user companies and developing customized solutions to increase their market share.

• In February 2024, Gem Security announced the integration of Gem Security with QRadar, IBM Security's leading security information and event management (SIEM) platform. Gem Security's QRadar integration is designed to help customers streamline their security operations and improve their incident response capabilities. Gem Security integrates with QRadar to provide consolidated detection, alerts, and response capabilities within QRadar's leading SIEM technology.
• In November 2023, LogRhythm Inc. announced the expansion of its R&D facilities in India, a move aimed at bolstering cyber resilience in the region.

Security Information And Event Management Market Leaders

1. IBM Corporation

2. Splunk Inc.

3. Fortinet Inc.

4. LogRhythm Inc.

5. McAfee LLC

*Disclaimer: Major Players sorted in no particular order