"Executive Summary Managed SIEM and Log Management Market :
CAGR Value
Data Bridge Market Research analyzes that the global managed SIEM and log management market, which was USD 2,903.20 million in 2023, is likely to reach USD 6,690.50 million by 2031 and is expected to undergo a CAGR of 11.0% during the forecast period.
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Managed SIEM and Log Management Market Overview
The global managed SIEM and log management market is segmented based on components, organization sizes, and verticals. In terms of components, the market can be divided into solutions and services. Solutions segment comprises software tools and platforms for security information and event management (SIEM) and log management, while services segment includes managed services provided by third-party vendors for SIEM and log management. Based on organization size, the market is categorized into small and medium-sized enterprises (SMEs) and large enterprises. Furthermore, the verticals segment includes industries such as banking, financial services, and insurance (BFSI), IT and telecom, healthcare, retail, government, and others.