Welcome Guest. | Log In | Register | Membership Benefits

SIEM Market To Double By 2015, Report Says

Slow-growing demand is about to get a boost, Frost & Sullivan says

Mar 21, 2011 | 04:23 PM | 

By Tim Wilson

As threats become more severe and complex, the demand for security information and event management tools will grow to more than $1 billion worldwide by 2015, according to an industry research firm.

The market for SIEM tools, which has been slow-growing for more than a decade, is about to get a shot in the arm, according to a report issued last week by Frost & Sullivan.

The study, "World Security Information and Event Management (SIEM) and Log Management Products Market," reports that the SIEM market earned revenues of $678.1 million in 2009 and predicts that this figure will hit $1.3 billion in 2015.

"Due to the recent economic downturn and the consequent cut in IT budgets and staff, SIEM and log management product demand has increased," says Frost & Sullivan research analyst Richard Martinez. "Financial institutions, government agencies, and others needed a solution that allowed them to stretch their capabilities and help lockdown their networks."

Enterprises are taking a closer look at products that incorporate multiple functions -- such as logging, reporting, network behavior analysis and alerts -- in an appliance or enterprise software, the report says. But high costs and an absence of data analysis capabilities have been holding enterprises back, experts say.

"SIEM's product visibility has improved with higher adoption; however, the high costs of deployment and the difficulty in quantifying its return on investment (ROI) have deterred its wide-scale adoption," the report says.

Joe Gottlieb, CEO of SIEM vendor SenSage, says the problem is a lack of data analysis capabilities.

"End users are frustrated with a general lack of flexibility, scalability, openness and depth of analysis in traditional SIEM and log management products," Gottlieb says. "Only a leading edge subset of the market has been able to overcome these barriers and apply a proactive, data-savvy approach to security management."

While most of the Fortune 500 companies already have a SIEM system running, the mid-market adoption is slower, due to the cost of a SIEM, Frost & Sullivan observes. "SIEM's definition and functions have become unclear, with feature sets increasing and varying by vendor," the report says.

Have a comment on this story? Please click "Comment" below. If you'd like to contact Dark Reading's editors directly, send us a message.



Currently we allow the following HTML tags in comments:

Single tags

These tags can be used alone and don't need an ending tag.

<br> Defines a single line break

<hr> Defines a horizontal line

Matching tags

These require an ending tag - e.g. <i>italic text</i>

<a> Defines an anchor

<b> Defines bold text

<big> Defines big text

<blockquote> Defines a long quotation

<caption> Defines a table caption

<cite> Defines a citation

<code> Defines computer code text

<em> Defines emphasized text

<fieldset> Defines a border around elements in a form

<h1> This is heading 1

<h2> This is heading 2

<h3> This is heading 3

<h4> This is heading 4

<h5> This is heading 5

<h6> This is heading 6

<i> Defines italic text

<p> Defines a paragraph

<pre> Defines preformatted text

<q> Defines a short quotation

<samp> Defines sample computer code text

<small> Defines small text

<span> Defines a section in a document

<s> Defines strikethrough text

<strike> Defines strikethrough text

<strong> Defines strong text

<sub> Defines subscripted text

<sup> Defines superscripted text

<u> Defines underlined text

Dark Reading encourages readers to engage in spirited, healthy debate, including taking us to task. However, Dark Reading moderates all comments posted to our site, and reserves the right to modify or remove any content that it determines to be derogatory, offensive, inflammatory, vulgar, irrelevant/off-topic, racist or obvious marketing/SPAM. Dark Reading further reserves the right to disable the profile of any commenter participating in said activities.

Disqus Tips To upload an avatar photo, first complete your Disqus profile. | View the list of supported HTML tags you can use to style comments. | Please read our commenting policy.
Subscribe to RSS



Security Monitoring Reports

report Fundamentals of User Activity Monitoring
Benchmarking normal activity and then monitoring for users who stray from that norm is an essential strategy for getting ahead of potential data and system breaches. But choosing the right tools is only part of the effort. Without sufficient training, efficient deployment and a good response plan, attackers could gain the upper hand.

report Does SIEM Make Sense For Your Company?
A security information and event management system serves as a repository for all the security alerts and logging systems from a firm's devices. But this can be overkill for a company that is understaffed or has overestimated its security information needs. In this report, we discuss 10 questions to ask yourself in determining whether SIEM makes sense for you--and how to pick the right system if it does.

report Monitoring Tools and Logs Make All The Difference
It's no longer a matter of "if" you get hacked, but when. In this special report, we take a look at ways to measure your security posture and the challenges that lie ahead with the emerging threat landscape.

Other reports from the Security Monitoring Tech Center:

Related Content

Security Management 2.0: Time to Replace Your SIEM?
Is it time? Are you waving the white flag? Has your first gen SIEM failed to meet expectations despite your investment? If you are questioning whether your existing product or service can get the job done, you are not alone. Read this Securosis white paper to learn how easy it can be to replace your SIEM with a next generation solution.

IT Executive Guide to Security Intelligence: Transitioning from SIEM to Total Security Intelligence
Read this whitepaper to learn how adopting a next generation SIEM solution provides security intelligence, to allow organizations to maintain comprehensive and cost-effective information security. Discover how security intelligence enables critical concerns in five key areas: Data silo consolidation, threat detection, fraud discovery, risk assessment/risk management, and regulatory compliance.

The Return on Security of QRadar: Improving Operational Efficiencies in Federal Government
In this study, IANS interviewed two Q1 Labs customers using QRadar to assess their Return On Security (ROS). The two customers were providers of service to the U.S. Government and had highly secure environments dealing with extremely sensitive data. The data yielded from the interviews showed substantial benefit to the organizations for the cost, both in money and staff time.

SANS What Works Webcast: Worldwide Retailer Boosts Privacy with Security Intelligence
A leading retailer with stores worldwide was seeking a more innovative tool to protect customer privacy and intellectual property. PCI compliance mandated log collection, but a vast number of different tools generated an overwhelming amount of log data, making it difficult for the small security team to review it effectively. The solution the company chose had to fit into a diverse network, provide intelligent reporting and offer a centralized management console.

Learn How Security Intelligence Can Help Combat WikiLeaks Stuxnet and Advanced Threats
WikiLeaks and Stuxnet have illustrated a few fundamental IT security issues that have underscored the need for Total Security Intelligence to counter advanced threats and to detect anomalous behavior. See how government and commercial organizations are using QRadar as an integral component of their IT security program to identify emerging threats based on context and situational awareness.




Featured Webcasts
Featured Whitepapers
Featured Reports