SIEM Market Continues To Grow
Gartner’s recently published report Magic Quadrant for Security Information and Event Management indicates that SIEM is one of the fastest-growing security markets, with a growth rate of more than 50% in 2006, 30% in 2007 and estimated revenue reaching more than $800m in 2007.
The report states that the SIEM market is growing as a result of three factors:
- The emergence of user and resource access monitoring as the primary customer problem to be solved;
- The demand for the technology from a broad set of customers;
- The availability of the technology from large vendors that also sell related products or services.
Meanwhile, the actual adoption of SIEM technology is driven by compliance and security needs, with growing use in areas such as application activity monitoring.