As more security managers embrace a proactive approach to security and prioritize real-time threat analysis, detection and response, spending on security information and event management (SIEM) solutions continues to increase. While Gartner has predicted 5 percent to 10 percent annual growth in the overall IT security market through 2020, sales of SIEM software rose by 15.8 percent in 2016.
SIEM combines security information management (SIM) and security event management (SEM) into a single solution, enabling organizations to take a more holistic, integrated approach to security.