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SIEM Pricing Models Set for a Shake-Up | DataCenter Knowledge

According to Research and Markets, SIEMs and related technologies were a $5.3 billion market in 2018, and the market is expected to growth at a compound annual growth rate of 19.7 percent – to $12.9 billion by 2023. SIEMs are the fastest-growing segment of the market, the analyst company said.

But high costs of robust threat intelligence services are a barrier to adoption, the company said. Next-gen SIEM vendors have been attacking the incumbents, offering simpler, per-user pricing models.

Companies still have to pay the storage costs for the logs they collect, but storage is getting cheaper all the time, and vendors that offer these new pricing models, such as LogRhythm, LogPoint, and Exabeam have been gaining ground.

The new pricing models, as well cloud delivery, and AI-powered analytics available with next-gen SIEMS are bringing the capabilities of enterprise-level security to companies that haven’t traditionally had access to these technologies, said Alex Heid, chief research officer at SecurityScorecard.

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SIEM Pricing Models Set for a Shake-Up.

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