India SIEM Market to Reach ₹2,800 Crore by 2027: Report
Source: Industry Report
The Security Information and Event Management (SIEM) market in India is projected to reach ₹2,800 crore by 2027, growing at a CAGR of 18.5%, according to a new industry report. The growth is driven by increasing regulatory compliance requirements and rising cyber threat landscape.
Market Drivers
- RBI cyber security framework mandating real-time monitoring for banks
- DPDP Act compliance requiring comprehensive data access logging
- Growing adoption of cloud-based SIEM solutions by SMBs
- Integration of AI/ML for advanced threat detection and automated response
- SOAR adoption for automated incident response workflows
Top SIEM Vendors in India
Splunk, IBM QRadar, Microsoft Sentinel, Fortinet FortiSIEM, and Elastic Security are the leading SIEM platforms deployed by Indian enterprises. Managed SIEM services provided by MSSPs like P J Networks are gaining traction as organizations seek 24/7 monitoring without in-house expertise.
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