The Managed SIEM Services Market, valued at USD 7.5 billion in 2024, is projected to grow at a CAGR of 16.3%, reaching approximately USD 16 billion by 2029. This growth is driven by the rising complexity and frequency of global cyber threats. SIEM solutions are crucial for businesses to detect, analyze, and respond to security incidents in real-time by integrating and correlating data from various sources. Managed SIEM Services, provided by specialized vendors, help organizations by outsourcing the deployment, management, and monitoring of SIEM systems, allowing them to focus on their core operations while maintaining robust cybersecurity. The market’s expansion is fueled by increased regulatory compliance demands, the growth of cloud-based services, and the rising use of advanced analytics and AI for enhanced threat detection and response. As organizations continue to emphasize cybersecurity, the Managed SIEM Services market is set for continued growth
