Security Information And Event Management Software Statistics 2025

In an era where cyber threats are increasingly sophisticated and relentless, Security Information and Event Management (SIEM) software has become indispensable for protecting sensitive data and maintaining business continuity. As we move into 2024, understanding trends and statistics around SIEM software is pivotal for comprehending the broader cybersecurity landscape. By delving into these critical metrics, business leaders and IT professionals can better assess their current security postures and anticipate future vulnerabilities.

Key stakeholders who will find this data invaluable include Chief Information Security Officers (CISOs), IT managers, and cybersecurity analysts. For these professionals, the ability to interpret SIEM software trends impacts everything from budget allocation to policy development. Vendors and solution architects must also stay abreast of these statistics to innovate and offer competitive, effective solutions that meet the ever-evolving needs of their clients.

Ultimately, this data serves as a linchpin for strategic decision-making in a rapidly changing industry. Companies that leverage these insights can enhance their security protocols, thereby mitigating risks and repelling breaches more effectively. As the landscape of cybersecurity continues to evolve, staying informed through up-to-date statistics is not just beneficial—it’s essential for survival and growth in the digital age.

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Top Security Information And Event Management Software Statistics 2024

☰ Use “CTRL+F” to quickly find Security Information And Event Management Software facts. There are total 68 Security Information And Event Management Software Statistics on this page 🙂

Cybersecurity Trends & Statistics

• For 2023 and beyond, the focus needs to be on the cyber-attack surface and vectors to determine what can be done to mitigate threats and enhance resiliency and recovery. ^[?]
• During the past 12 months, 34.5% of polled executives reported that their organizations’ accounting and financial data were targeted by cyber adversaries. ^[1]
• Within that group, 22% experienced at least one such cyber event and 12.5% experienced more than one. ^[1]
• Nearly half (48.8%) of C-suite and other executives expect the number and size of cyber events targeting their organizations’ accounting and financial data to increase in the year ahead. ^[1]
• Just 20.3% of those polled say their organizations’ accounting and finance teams work closely and consistently with their peers in cybersecurity. ^[1]
• According to Cybersecurity Ventures, the cost of cybercrime is predicted to hit $8 trillion in 2023 and will grow to $10.5 trillion by 2025. ^[1]
• At least one open source vulnerability was found in 84% of code bases examined. ^[2]
• All code bases examined from companies in the aerospace, aviation, automotive, transportation, and logistics sectors contained some open source code, with open source code making up 73% of total code. ^[2]
• Of the 1,481 code bases examined, 91% contained outdated versions of open-source components. ^[2]
• In 2022, 76% of organizations were targeted by a ransomware attack, out of which 64% were actually infected. ^[2]
• Only 50% of these organizations managed to retrieve their data after paying the ransom. ^[2]
• A little over 66% of respondents reported having had multiple, isolated infections. ^[2]
• A research company Trellix determined 78% of Business Email Compromise (BEC) involved fake CEO emails using common CEO phrases, resulting in a 64% increase from Q3 to Q4 2022. ^[2]
• 82% of BEC emails were sent using free email services. ^[2]
• Federal Trade Commission (FTC) data shows that consumers reported losing nearly $8.8 billion to fraud in 2022, an increase of more than 30 percent over the previous year. ^[2]
• There were over 1.1 million reports of identity theft received through the FTC’s IdentityTheft.gov website. ^[2]
• By 2025, humanity’s collective data will reach 175 zettabytes. ^[2]
• The cybersecurity market size is estimated at USD 182.84 billion in 2024 and is expected to reach USD 314.28 billion by 2029, growing at a CAGR of 11.44%. ^[4]
• In 2024, AI and Machine Learning (ML) are set to play a more critical role in cybersecurity. ^[5]
• Quantum computing is expected to impact cybersecurity significantly in 2024. ^[5]
• Phishing attacks continue to evolve in sophistication and effectiveness in 2024. ^[5]
• Mobile security is expected to intensify in 2024 as mobile devices become increasingly integral to personal and professional life. ^[5]
• The concept of Zero Trust security has gained significant momentum in 2023, evolving from a niche approach to a fundamental aspect of cybersecurity strategy. ^[5]
• The transition to a Zero Trust framework in 2024 represents a paradigm shift in cybersecurity. ^[5]
• The cybersecurity sector continues to grapple with a significant skills gap in 2024. ^[5]
• Blockchain technology is increasingly recognized for its potential to enhance cybersecurity measures in 2024. ^[5]
• Cybersecurity insurance has become a mainstream component of business risk management strategies in 2024. ^[5]
• Gartner highlighted that the security information and event management market grew from $3.41 billion in 2020 to $4.10 billion in 2021, a 20% increase. ^[6]
• In 2023, the Security Information and Event Management (SIEM) market size was estimated at USD 8.44 billion. ^[8]
• The report forecasts the SIEM market size to reach USD 9.61 billion in 2024 and grow at a CAGR of 12.16% to reach USD 17.07 billion by 2029. ^[8]
• Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029). ^[8]
• In 2024, North America accounts for the largest market share in the SIEM market. ^[8]
• The cybersecurity market revenue in the United States was valued at USD 73.41 billion in 2023. ^[11]
• The cybersecurity market in Germany was valued at USD 10.24 billion in 2023, and it is anticipated to reach USD 17.54 billion by 2028, registering a CAGR of 11.36%. ^[11]

Impact Of Covid-19

• The COVID-19 pandemic has further fueled the market due to a surge in cybercriminal activities, creating a demand for cybersecurity solutions to minimize cyber risks. ^[4]
• COVID-19 caused significant disruption to businesses on a global scale and accelerated the growth of cybercriminal activities in private and government enterprises supported by digital transformation. ^[4]

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Ai And Machine Learning

• International Data Corporation (IDC) says AI in the cybersecurity market is growing at a CAGR of 23.6% and will reach a market value of $46.3 billion in 2027. ^[1]
• AI algorithms are expected to provide real-time threat analysis in 2024, enabling faster and more accurate responses to cyber incidents. ^[5]

Ransomware And Phishing

• Recently, a ransomware gang used a new zero-day flaw to steal data on 1 million hospital patients. ^[2]
• Community Health Systems (CHS) confirmed that criminal hackers accessed the personal and protected health information of up to 1 million patients. ^[2]
• Phishing continues to be a preferred method of hackers in 2023. ^[2]
• According to Lookout, the highest rate of mobile phishing in history was observed in 2022, with half of the mobile phone owners worldwide exposed to a phishing attack every quarter. ^[2]
• In 2022, 76% of organizations were targeted by a ransomware attack, out of which 64% were actually infected. ^[2]

Regulations And Compliance

• The General Data Protection Regulation (GDPR) is Europe’s new framework for protecting security and privacy for Personally Identifiable Information (PII), which came into force in May 2018. ^[9]
• The Sarbanes-Oxley Act of 2002 (SOX) sets requirements for US public company boards, management, and accounting firms. ^[9]

Security Information And Event Management (siem)

• According to a recent study, 81% of organizations that use SIEM say it has helped them enhance their threat detection abilities. ^[3]
• A further 84% reported a measurable reduction in security breaches due to the use of their SIEM platform. ^[3]
• Research found that enterprise SIEMs are configured to detect just 24% of known MITRE attack techniques. ^[3]
• The same report revealed that 12% of SIEM rules currently active are broken due to misconfigured data sources and missing field elements. ^[3]
• The latest 2022 SIEM Report, published by Core Security, explores the latest trends, key challenges, and solution preferences in this market. ^[7]
• More than 75% of survey participants indicated that their SIEM could detect possible security events within hours, with half of the organizations even being able to detect the events within minutes. ^[7]
• The lack of skilled staff to effectively operate SIEM remains the biggest challenge (41%). ^[7]
• Handling too many false positives (37%) and a lack of budget (34%) are also significant challenges. ^[7]
• SIEM software, which made its first market penetration in 2005, has evolved substantially into a more proactive and intelligent business solution. ^[10]

Market Analysis

• The Security Information and Event Management Market size is expected to reach USD 9.61 billion in 2024 and grow at a CAGR of 12.16% to reach USD 17.07 billion by 2029. ^[8]
• Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029). ^[8]
• In 2024, North America accounts for the largest market share in Security Information And Event Management Market. ^[8]
• In 2023, the Security Information And Event Management Market size was estimated at USD 8.44 billion. ^[8]
• The report covers the Security Information And Event Management Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. ^[8]
• The report also forecasts the Security Information And Event Management Market size for years: 2024, 2025, 2026, 2027, 2028, and 2029. ^[8]

Incident Response And Threat Detection

• Implementing machine learning into a company’s sales and marketing efforts shows a 47% increase. ^[12]
• Organizations using AI and security automation detected and contained breaches 27% faster. ^[12]
• Organizations without AI and automation saw breach lifecycles of 324 days. ^[12]
• Those that use AI and security automation in their security architecture experienced a lifecycle of 247 days. ^[12]
• Fully deployed Zero Trust saves companies 43% on average on data breach costs. ^[12]

Future Predictions

• By 2029, the SIEM market size is projected to reach $17.07 billion, with industries like finance, healthcare, IT, and the public sector leading SIEM adoption. ^[13]
• Gartner introduced the acronym SIEM in 2005, consolidating the capabilities of security information management (SIM) and security event management (SEM). ^[13]
• Top-tier SIEM solutions are capable of processing over 500,000 EPS in optimal conditions. ^[13]

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