Advice from the front lines on choosing and using a Security Information and Event Management (SIEM) product
SIEM: A Growing Market Worldwide revenue for SIEM was $663.3 million in 2008 and is expected to grow to $1.4 billion in 2013, which is a compound annual growth rate of 16 percent, according to IDC.
Meanwhile, Gartner estimates that SIEM was a $1 billion market in 2008, with growth of 30 percent that year. Historically, event management—or SEM—has driven this market, but today’s growth is mainly related to regulatory compliance, with secondary requirements for effective threat monitoring, according to Kelly Kavanaugh, an analyst at Gartner. For example, the Payment Card Industry Data Security Standard (PCI DSS) requires log management, and the Sarbanes-Oxley Act requires privileged user reporting, he says.