Managed SIEM Services Market Profit Growth, Size, Segments

Jonytoal30 Jan, 2024Business

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, according to a new report by MarketsandMarkets?. The accelerated growth of the Managed SIEM Services Market is propelled by an amalgamation of factors, including the relentless evolution of cyber threats, the imperative for organizations to fortify their digital defenses, and the increasing complexity of IT infrastructures. This surge in demand is further intensified by a global shortage of skilled cybersecurity professionals, prompting businesses to turn to managed services for expert assistance. Additionally, the advent of technologies like artificial intelligence and machine learning in SIEM solutions drives the market forward, enhancing the efficiency of threat detection and response.