The global managed SIEM services market is estimated to be worth USD 7.5 billion in 2023 and is projected to reach USD 16.0 billion by 2028, at a CAGR of 16.3% during the forecast period. The managed SIEM services market is driven by the escalating sophistication and diversity of cyber threats and the increasing complexity of IT environments within organizations. As businesses grapple with a constantly evolving threat landscape, they recognize the need for advanced security measures to safeguard their sensitive data and digital assets. Managed SIEM services offer a strategic solution by providing expert monitoring, threat detection, and incident response capabilities.