Global Modern SIEM Market, Global, 2023-2028

Modern SIEM is Experiencing Transformational Growth Due to the Increasing Demand for Real-time Log Analysis and Automatic Detection

The modern SIEM market is projected to grow from $6.27 billion in 2023 to $12.10 billion by 2028, reflecting a robust compound annual growth rate (CAGR) of 14.1%. This upward trend signifies organizations' growing recognition of the importance of modern SIEM solutions in enhancing their cybersecurity frameworks. With the escalation of cyberthreats in both frequency and sophistication, organizations are prioritizing comprehensive solutions that not only protect their data but also enhance their overall security posture and resilience.

The integration of advanced capabilities, such as user and entity behavior analytics (UEBA) and security orchestration, automation, and response (SOAR) within modern SIEM platforms, is a key driver of market growth. These technologies enhance threat detection accuracy and expedite incident response, providing organizations with the visibility and control required to navigate today’s complex threat landscape. The inclusion of UEBA offers deep behavioral insights, allowing the identification of insider threats and compromised accounts, while SOAR capabilities emphasize automation, streamlining response processes to reduce manual effort and alleviate the burden on security teams.

As organizations increasingly adopt these converged platforms, they benefit from a unified, automated approach that improves scalability, aligns security strategies with business objectives, and ensures compliance. The convergence of SIEM, SOAR, and UEBA positions modern SIEM as an essential solution for enterprises striving to enhance their security posture in an evolving threat environment.