Product Code: ETC4388725 | Publication Date: Jul 2023 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 85 | No. of Figures: 45 | No. of Tables: 25 |
The India security information and event management market import shipments demonstrated a gradual growth trend with a CAGR of 1.5% from 2020 to 2024. However, there was a notable decline in growth momentum between 2023 and 2024, with a negative growth rate of -7.9%. Overall, the market expansion slowed towards the end of the period.
The India Security Information and Event Management (SIEM) market is instrumental in providing organizations with a comprehensive view of their security posture. SIEM solutions collect and analyze data from various sources to detect and respond to security incidents. In an environment where cyber threats are on the rise, SIEM solutions are essential for ensuring the timely identification and mitigation of security breaches.
The Security Information and Event Management (SIEM) market in India is thriving due to a combination of factors. The surge in cyber threats, data breaches, and security incidents has necessitated advanced monitoring and detection capabilities, fueling the adoption of SIEM solutions. Organizations are grappling with increasingly complex IT environments, including cloud services, mobile devices, and remote work, which require centralized monitoring and correlation of security events. Compliance with data protection regulations such as GDPR and local data privacy laws is also a driving force behind the SIEM market, as organizations seek to ensure they can track and report on security incidents. Furthermore, the evolution of SIEM solutions to incorporate artificial intelligence and machine learning for proactive threat detection is making them even more appealing to India organizations seeking robust security.
The challenges in the India SIEM market revolve around the overwhelming volume of data and alerts. Security events generate an immense amount of data, and sifting through this information to identify true threats while avoiding false positives is a daunting task. The shortage of skilled personnel who can manage and configure SIEM systems to maximize their potential further compounds the problem. Additionally, SIEM solutions must adapt to the changing threat landscape, making it challenging to keep the system up to date.
Security Information and Event Management (SIEM) solutions have gained prominence in India, given the rising number of cyberattacks. The pandemic-driven shift to remote work increased the attack surface, making SIEM solutions vital for threat detection and response. Organizations have recognized the importance of real-time monitoring and analysis, further driving the growth of the SIEM market in India.
Key players in the India Security Information and Event Management (SIEM) market, including IBM, Splunk, and McAfee, play a crucial role in delivering advanced SIEM solutions that help organizations effectively monitor and respond to security incidents. Their comprehensive platforms aggregate and analyze security data, allowing businesses to detect and mitigate threats promptly, thus enhancing the overall security posture in India dynamic cybersecurity landscape.
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 India Security Information and Event Management Market Overview |
3.1 India Country Macro Economic Indicators |
3.2 India Security Information and Event Management Market Revenues & Volume, 2021 & 2031F |
3.3 India Security Information and Event Management Market - Industry Life Cycle |
3.4 India Security Information and Event Management Market - Porter's Five Forces |
3.5 India Security Information and Event Management Market Revenues & Volume Share, By Vertical, 2021 & 2031F |
3.6 India Security Information and Event Management Market Revenues & Volume Share, By Application, 2021 & 2031F |
3.7 India Security Information and Event Management Market Revenues & Volume Share, By Deployment Mode, 2021 & 2031F |
3.8 India Security Information and Event Management Market Revenues & Volume Share, By Organization Size, 2021 & 2031F |
3.9 India Security Information and Event Management Market Revenues & Volume Share, By Component, 2021 & 2031F |
4 India Security Information and Event Management Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing incidents of cyber threats and security breaches in India |
4.2.2 Stringent government regulations and compliance requirements for data security |
4.2.3 Growing adoption of cloud-based security solutions in the Indian market |
4.3 Market Restraints |
4.3.1 Lack of awareness and understanding about the importance of security information and event management solutions |
4.3.2 High initial investment and ongoing maintenance costs associated with implementing SIEM solutions |
4.3.3 Shortage of skilled professionals in the cybersecurity field in India |
5 India Security Information and Event Management Market Trends |
6 India Security Information and Event Management Market, By Types |
6.1 India Security Information and Event Management Market, By Vertical |
6.1.1 Overview and Analysis |
6.1.2 India Security Information and Event Management Market Revenues & Volume, By Vertical, 2021-2031F |
6.1.3 India Security Information and Event Management Market Revenues & Volume, By Information, 2021-2031F |
6.1.4 India Security Information and Event Management Market Revenues & Volume, By Finance , 2021-2031F |
6.1.5 India Security Information and Event Management Market Revenues & Volume, By Insurance, 2021-2031F |
6.1.6 India Security Information and Event Management Market Revenues & Volume, By Healthcare , 2021-2031F |
6.1.7 India Security Information and Event Management Market Revenues & Volume, By Social Assistance, 2021-2031F |
6.1.8 India Security Information and Event Management Market Revenues & Volume, By Utilities, 2021-2031F |
6.2 India Security Information and Event Management Market, By Application |
6.2.1 Overview and Analysis |
6.2.2 India Security Information and Event Management Market Revenues & Volume, By Log Management and Reporting, 2021-2031F |
6.2.3 India Security Information and Event Management Market Revenues & Volume, By Threat Intelligence, 2021-2031F |
6.2.4 India Security Information and Event Management Market Revenues & Volume, By Security Analytics, 2021-2031F |
6.2.5 India Security Information and Event Management Market Revenues & Volume, By Others (include application monitoring, behavior profiling, and database management), 2021-2031F |
6.3 India Security Information and Event Management Market, By Deployment Mode |
6.3.1 Overview and Analysis |
6.3.2 India Security Information and Event Management Market Revenues & Volume, By On-premises, 2021-2031F |
6.3.3 India Security Information and Event Management Market Revenues & Volume, By Cloud, 2021-2031F |
6.4 India Security Information and Event Management Market, By Organization Size |
6.4.1 Overview and Analysis |
6.4.2 India Security Information and Event Management Market Revenues & Volume, By Small and Medium-sized Enterprises (SMEs), 2021-2031F |
6.4.3 India Security Information and Event Management Market Revenues & Volume, By Large Enterprises, 2021-2031F |
6.5 India Security Information and Event Management Market, By Component |
6.5.1 Overview and Analysis |
6.5.2 India Security Information and Event Management Market Revenues & Volume, By Solution, 2021-2031F |
6.5.3 India Security Information and Event Management Market Revenues & Volume, By Services, 2021-2031F |
7 India Security Information and Event Management Market Import-Export Trade Statistics |
7.1 India Security Information and Event Management Market Export to Major Countries |
7.2 India Security Information and Event Management Market Imports from Major Countries |
8 India Security Information and Event Management Market Key Performance Indicators |
8.1 Average response time to security incidents |
8.2 Number of successful threat detections and mitigations |
8.3 Percentage increase in the adoption of SIEM solutions among Indian enterprises |
9 India Security Information and Event Management Market - Opportunity Assessment |
9.1 India Security Information and Event Management Market Opportunity Assessment, By Vertical, 2021 & 2031F |
9.2 India Security Information and Event Management Market Opportunity Assessment, By Application, 2021 & 2031F |
9.3 India Security Information and Event Management Market Opportunity Assessment, By Deployment Mode, 2021 & 2031F |
9.4 India Security Information and Event Management Market Opportunity Assessment, By Organization Size, 2021 & 2031F |
9.5 India Security Information and Event Management Market Opportunity Assessment, By Component, 2021 & 2031F |
10 India Security Information and Event Management Market - Competitive Landscape |
10.1 India Security Information and Event Management Market Revenue Share, By Companies, 2024 |
10.2 India Security Information and Event Management Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |