![\"gartner-office\"](\"https:\/\/solutionsreview.com\/security-information-event-management\/files\/2016\/07\/gartner-office.jpg\")
Security information and event management (SIEM) was the fastest-growing segment of the global security software market in 2015, according to a new report from enterprise tech research and analysis firm Gartner, Inc. SIEM revenues showed a remarkable 15.8 percent growth over 2014.<\/p>\n
Worldwide security software revenue totaled $22.1 billion in 2015, a 3.7 percent increase in from 2014, according to Gartner.<\/p>\n
Gartner’s report includes some troubling figures for the five largest security software vendors (Symantec, Intel, IBM, Trend Micro and EMC). Despite making up \u00a0over a third of the total market share (37.6 percent), the ‘big five’ experienced a collective decline of 4.2 percent. Meanwhile, other software security companies experienced a healthy growth of 9.2 percent.<\/p>\n
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In particular, Symantec suffered \u00a0a sharp decline in revenue and shrinking growth. \u00a0The endpoint protection provider held on to the number one position but had its third consecutive year of revenue decline in the past three years. Symantec’s security software revenue dropped 6.2 percent to $3.4 billion, in 2015, largely due to its concentration on the declining Endpoint protection market. 74 percent of Symantec’s revenue in 2015 came from endpoint protection products and services, which fell 7 percent in revenue from 2014.<\/p>\n
Intel’s security revenues also suffered, with revenues falling 4.1 percent in 2015, to $1.75 billion.<\/p>\n
\u201cThe below-market growth seen by these large vendors with complex product portfolios is in contrast to the market growth and disruption being introduced by smaller, more specialized security software vendors,\u201d said Sid Deshpande, principal research analyst at Gartner.<\/p>\n
IBM was the only one of the ‘big five’ to see security software revenue growth in 2015, with \u00a02.5 percent growth to a total of $1.45 billion in 2015.<\/p>\n
This growth is largely driven by the strong performance of IBM’s QRadar SIEM solution, and by the company’s large managed services division.<\/p>\n
As evidenced in Gartner’s SIEM Magic Quadrant<\/a> and critical capabilities<\/a> reports, IBM has maintained its position as a leader of the pack in the SIEM market, even while smaller, more agile companies nip at its heels.<\/p>\n IBM\u2019s QRadar solution has earned Gartner\u2019s praise for its ability to \u201csupport a wide set of threat management and compliance use cases for modest as well as large-scale deployments.<\/p>\n Security information and event management (SIEM) was the fastest-growing segment of the global security software market in 2015, according to a new report from enterprise tech research and analysis firm Gartner, Inc. SIEM revenues showed a remarkable 15.8 percent growth over 2014. Worldwide security software revenue totaled $22.1 billion in 2015, a 3.7 percent increase […]<\/p>\n","protected":false},"author":24,"featured_media":505,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"inline_featured_image":false,"footnotes":""},"categories":[3],"tags":[81,13,72,82,41,22,173,253],"acf":[],"yoast_head":"\n
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