Security Information and Event Management (SIEM) Statistics 2024 – Everything You Need to Know

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Are you looking to add Security Information and Event Management (SIEM) to your arsenal of tools? Maybe for your business or personal use only, whatever it is – it’s always a good idea to know more about the most important Security Information and Event Management (SIEM) statistics of 2024.

My team and I scanned the entire web and collected all the most useful Security Information and Event Management (SIEM) stats on this page. You don’t need to check any other resource on the web for any Security Information and Event Management (SIEM) statistics. All are here only 🙂

How much of an impact will Security Information and Event Management (SIEM) have on your day-to-day? or the day-to-day of your business? Should you invest in Security Information and Event Management (SIEM)? We will answer all your Security Information and Event Management (SIEM) related questions here.

Please read the page carefully and don’t miss any word. 🙂

Best Security Information and Event Management (SIEM) Statistics

☰ Use “CTRL+F” to quickly find statistics. There are total 50 Security Information and Event Management (SIEM) Statistics on this page 🙂

Security Information and Event Management (SIEM) Market Statistics

  • MarketsandMarkets forecasts the global Security Information and Event Management market size is expected to grow from USD 4.2 billion in 2020 to USD 5.5 billion by 2025, at a CAGR of 5.5% during the forecast period. [0]
  • Download Sample Report at https//www.alliedmarketresearch.com/request sample/2313 Large enterprises are the primary consumers of SIEM products and the market was estimated to be around $1,174 million in 2016. [1]
  • The global security information and event management market size was valued at $3.92 billion in 2020, and is projected to reach $18.12 billion by 2030, growing at a CAGR of 16.4% from 2021 to 2030. [2]
  • In accordance with the CXOs of the leading companies, the SIEM market is at a mature stage and has grown at a respectable rate and is expected to witness average growth rate of 16.4% during the forecast period. [2]
  • Infoblox is a recognized leader with 50 percent market share comprised of 8,000 customers, including 350 of the Fortune 500. [3]

Security Information and Event Management (SIEM) Latest Statistics

  • However, a user account that generates 130 failed login attempts in five minutes would be flagged as a highpriority event because it’s most likely a brute force attack in progress. [4]
  • This makes it possible to retain and analyze 100% of log data across even more platforms and systems. [5]
  • 80% of fortune 2000 companies rely on our research to identify new revenue sources. [0]
  • Long term logdata retentionis critical in forensic investigations as it is unlikely that discovery of a network breach will be at the time of the breach occurring.[29]Forensic analysis. [6]
  • In 2014 the main type of employment relationship in the EU was fulltime permanent contracts, with 59% of the share of employment, although this is decreasing while the share of non standard forms of work is increasing. [7]
  • The estimated growth in cybersecurity jobs is of 35% by 2020 [97]. [7]
  • The estimated growth in cybersecurity jobs is of 35% by 2020. [7]
  • According to an IBM survey [159], ransomware , social engineering , and bad practices adopted by staff and clients alike are the most common attack vectors in the sector. [7]
  • Explore IBM QRadar on Cloud → Calculate your estimated price → Take a tour → 2021 Gartner Magic Quadrant for Security Information and Event Management. [8]
  • The government segment accounted for the highest share of revenue in 2016, while retail MSIE Industry is anticipated to grow at the highest rate of 14.2% during the forecast period. [1]
  • The SIEM solution segment accounted for the highest share of the global SIEM industry in 2016, growing at a CAGR of 9.8% during the forecast period. [1]
  • The government MSIE Industry generated highest share of revenue in 2016, and is projected to grow at a rate of 8.8%. [1]
  • AttackIQ and the Ponemon Institute discovered 63 percent of American security practitioners don’t report to their C Suite board on a regular basis. [9]
  • Worse, 40 percent never report at all!. [9]
  • Further, 56 percent report their IT security infrastructure suffers from coverage gaps. [9]
  • Meanwhile, Exabeam and the Ponemon Institute determined that cybersecurity professionals spend 25 percent of their time chasing false positives. [9]
  • Worse, the percentage of enterprises suffering from cybercriminals’ attack tactics increased from 57 percent to 71 percent. [9]
  • Contextualizing these percents, the BAE Systems 2019 Incident Response Report found that 66 percent of enterprises responded to between 1 and 25 cybersecurity incidents per month. [9]
  • Moreover, another 26 percent faced between 25 and 99 incidents. [9]
  • The Verizon 2019 Data Breach Investigations Report found that ransomware constitutes almost 24 percent of all security incidents. [9]
  • Also, insider threats make up about 34 percent of breaches. [9]
  • Based on the primary criteria, the OSSIM performance reaches 97% while the performance of Cyberoam iView and CS Prelude reach 76% and 24.3%, respectively. [10]
  • Concerning the secondary criteria, the Prelude performance approaches 86.8% while OSSIM and Cyberoam iView reach 59.4% and 56.6%. [10]
  • The complete SMI for OSSIM is 81.96% while the SMI of Prelude and Cyberoam iView is calculated at 80.68% and 37.16%. [10]
  • For example, if the training dataset contains 90% data samples characterised as normal and 10% data samples as anomalous, then the ACC can reach 90% by classifying every case as normal. [10]
  • The locality is provided by KNN [64] through which the density is estimated by measuring their distance. [10]
  • Total Dataset Size 255000 Modbus flows Training Dataset Size 70%. [10]
  • Training Dataset Size 70% Tesing Dataset Size. [10]
  • 30% ML/DL Method ACC TPR FPR F1 ABOD. [10]
  • Training Dataset Size 70% Tesing Dataset Size 30%. [10]
  • 30% ML/DL Method ACC TPR FPR F1 ABOD 0.937 0.947. [10]
  • Training Dataset Size 75% Testing Dataset Size 25%. [10]
  • 30% ML/DL Method ACC TPR FPR F1 ABOD 0.577 0.571 0.416. [10]
  • 30% ML/DL Method ACC TPR FPR F1 ABOD 0.935 0.870. [10]
  • Total Dataset Size 10000 time series Training Dataset Size 70% Tesing Dataset Size 30%. [10]
  • Total Dataset Size 10000 time series Training Dataset Size 70% Tesing Dataset Size. [10]
  • 30% ML/DL Method ACC TPR FPR F1 ABOD 0.692 0.989. [10]
  • 30% ML/DL Method ACC TPR FPR F1 ABOD 0.649 0.668. [10]
  • Total Dataset Size 10000 timeseries Training Dataset Size 70% Tesing Dataset Size 30% ML/DL Method 2DACC 3DACC 2DF1 3D. [10]
  • Tesing Dataset Size 30% ML/DL Method 2DACC 3DACC 2DF1 3D. [10]
  • Total Dataset Size 10000 time series Training Dataset Size 70%. [10]
  • Tesing Dataset Size 30% ML/DL Method 2DACC 3DACC 2DF1 3D. [10]
  • With D3’s adaptable playbooks and scalable architecture, security teams can automate SOC use cases to reduce MTTR by over 95%, and manage the full lifecycle of any incident or investigation. [3]
  • Endace EndaceProbes record 100% accurate Network History to solve Cybersecurity issues. [3]
  • Seclytics uses Science to predict where attacks will originate on average 51 days before they strike with over 97% accuracy and <.01 false positives. [3]

I know you want to use Security Information and Event Management (SIEM) Software, thus we made this list of best Security Information and Event Management (SIEM) Software. We also wrote about how to learn Security Information and Event Management (SIEM) Software and how to install Security Information and Event Management (SIEM) Software. Recently we wrote how to uninstall Security Information and Event Management (SIEM) Software for newbie users. Don’t forgot to check latest Security Information and Event Management (SIEM) statistics of 2024.

Reference


  1. marketsandmarkets – https://www.marketsandmarkets.com/Market-Reports/security-information-event-management-market-183343191.html.
  2. einnews – https://www.einnews.com/pr_news/560369618/security-information-and-event-management-industry-market-statistics-2024-top-impacting-factors-and-global-opportunity.
  3. alliedmarketresearch – https://www.alliedmarketresearch.com/security-information-and-event-management-market.
  4. fortinet – https://www.fortinet.com/products/siem/fortisiem.
  5. techtarget – https://www.techtarget.com/searchsecurity/definition/security-information-and-event-management-SIEM.
  6. exabeam – https://www.exabeam.com/explainers/siem/what-is-siem/.
  7. wikipedia – https://en.wikipedia.org/wiki/Security_information_and_event_management.
  8. nih – https://www.ncbi.nlm.nih.gov/pmc/articles/PMC8309804/.
  9. ibm – https://www.ibm.com/qradar/security-qradar-siem.
  10. solutionsreview – https://solutionsreview.com/security-information-event-management/critical-siem-statistics-your-enterprise-needs-to-understand/.
  11. sciencedirect – https://www.sciencedirect.com/science/article/abs/pii/S1389128621001237.

How Useful is Security Information and Event Management

One of the primary benefits of SIEM is its ability to collect and analyze large streams of security data from various sources. By monitoring disparate systems, SIEM can identify anomalies and patterns that may indicate cyber threats or policy violations. This holistic approach allows organizations to proactively detect and respond to potential security breaches, ultimately minimizing the impact and cost of cyber incidents. Furthermore, SIEM provides real-time monitoring capabilities, enabling security teams to promptly identify and respond to security events, preventing further damages and reducing the response time to threats.

Moreover, by aggregating data from different security devices and tools, SIEM can generate comprehensive reports and dashboards that offer a single pane of glass view of the entire security ecosystem. With these insights, organizations can gain a clear understanding of their security posture, identify vulnerabilities, and establish effective security controls. This helps security analysts prioritize their efforts and allocate resources appropriately, ensuring maximum protection against potential risks. Additionally, by correlating security events, SIEM enables organizations to distinguish genuine threats from false positives, reducing incident response times and enhancing efficiency.

SIEM also plays a crucial role in compliance management. As securing sensitive data becomes critical, organizations struggle to comply with regulatory standards and guidelines. SIEM assists in achieving and maintaining compliance by capturing and analyzing security events, generating audit reports, and providing evidence of adherence to security policies. By facilitating compliance requirements, SIEM frameworks contribute to building trust and enhancing the organization’s reputation, ultimately translating into long-term success.

However, despite its invaluable utility, SIEM faces some challenges. Firstly, organizations must ensure that the quality and accuracy of data collected by SIEM systems are maintained to avoid false positives or negatives. It is essential to establish mechanisms to filter and validate data to assess its relevance. Organizations must also invest in regular maintenance and updates to ensure the integrity and efficiency of their SIEM infrastructure. Additionally, given the substantial data handling capacity of SIEM systems, organizations must have sufficient storage capacity and robust data protection mechanisms in place to safeguard sensitive information and comply with privacy regulations.

Moreover, SIEM tools can generate enormous volumes of security logs and alerts, overwhelming security teams with an unwieldy number of notifications. Therefore, organizations need to develop processes and protocols to streamline the analysis and response to security alerts, avoiding the risk of “alert fatigue” and minimizing the chances of critical threats being overlooked in the noise.

In conclusion, SIEM is undoubtedly a valuable tool in an organization’s cybersecurity arsenal. Its ability to collect, analyze, and correlate security events offers comprehensive insights and empowers organizations to detect, respond, and ultimately prevent security incidents. Additionally, SIEM supports compliance efforts, bolstering a company’s adherence to regulatory standards. However, organizations must address challenges related to data quality, resource allocation, storage capacity, data privacy, and information overwhelm. By effectively addressing these hurdles, organizations can fully harness the power of SIEM and fortify their security posture in the face of an expanding cyber threat landscape.

In Conclusion

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