SIEM Gartner: Get the 2021 Magic Quadrant Report

Exabeam named a Leader in the Gartner Magic Quadrant for SIEM for the third year in a row

Exabeam is positioned highest for the ability to execute in the Gartner June, 2021 Magic Quadrant for SIEM. 

Read this report to learn Gartner’s take on the SIEM market, including:

• Key trends in the SIEM market
• How vendors in the space compare on strength of vision and ability to execute
• The strengths and weaknesses of the major players in the SIEM space

What is the SIEM Gartner Magic Quadrant report?

There is increasing demand for security information and event management (SIEM) solutions that can detect, investigate and respond to attacks. Risk management and security teams also have to consider compliance requirements, and are limited by the resources of their organizations.

You can leverage Gartner’s SIEM report to find a vendor that suits your organization’s needs. Gartner’s approach to the SIEM market emphasizes transformational approaches and technologies for meeting end-user needs in the future, rather than focusing on the market as it exists today. 

Gartner’s definition of the SIEM market focuses on how solutions address the following customer needs:

• Real-time collection security event logs for threat detection and compliance purposes.
• Real-time and long-term analysis of telemetry to identify relevant activities such as potential attacks.
• Investigation of incidents to assess their severity and business risk.
• Reporting on relevant activities.
• Maintenance of relevant event logs.

Overview of the SIEM solutions market

The SIEM solutions market was worth $4.2 billion in 2020, with threat management as the main driver for demand (compliance and monitoring are secondary considerations). In North America, new deployments are often undertaken by organizations that have limited security resources but require improved breach detection and monitoring capabilities. More companies are adopting cloud-based SIEM, as they recognize the capabilities and simplicity of such services. 

The market is competitive and mature, with organizations of various sizes reevaluating their SIEM vendors and shopping for modern solutions that incorporate better automation support and advanced analytics. SIEM customers generally consider compliance support to be a minimum requirement.

The main shortfalls of some SIEM solutions include insufficient threat detection and response capabilities. However, vendors are constantly improving their technologies and adding support for behavior analytics and third-party integrations. Customers are now demanding monitoring capabilities for SaaS apps and IaaS environments in their SIEM deployments.

Organizations often expand their SIEM deployments over time, integrating them with tools like NDR, EDR and SOAR, in order to enable faster threat detection, investigation and response. As the deployments mature and accumulate more use cases, they can become complex and require additional resources to operate and manage SIEM products.

SIEM tools and vendors

The SIEM market is dynamic, with new vendors competing against mature vendors, and technological capabilities constantly expanding to enhance threat detection, analysis and response functions. Vendors continue to add both native features and third-party integrations, such as SOAR. 

SIEM customers often look for external support services for their SIEM deployments, as they may lack the necessary resources to manage a deployment themselves. Gartner expects demand for support services to grow as company monitoring, response and expertise requirements increase. Interest in use-case content from third-party providers is also likely to increase.

SIEM providers address their customers’ resource limitations in various ways, including SaaS deployments that don’t require the customer to maintain any underlying infrastructure. Some SIEM vendors provide fully-managed services, which can be more efficient for addressing customer-specific needs than a third-party service provider. SIEM buyers should consider both current and future use cases when evaluating services.

Exabeam positioned highest for Ability to Execute on the Gartner Magic Quadrant for SIEM 2021

Exabeam, a security analytics and automation provider, has been named as the leader in the Gartner Magic Quadrant for SIEM in 2021. The report has consistently positioned Exabeam highest since 2018, recognizing its completeness of vision and ability to execute.

Gartner states that it identifies leaders as providers whose products strongly match the general functional requirements of the SIEM market, and have successfully built their base and revenue stream. A leader not only provides technology solutions that are a strong match for customers current requirements, but can also demonstrate their ability to anticipate and address future requirements. Leaders tend to have large market shares or growth projections, with customers providing positive feedback regarding their technologies and support services. 

Exabeam continues to build on a good innovation track record to ensure security teams can overcome various challenges and block both internal and external adversaries, with a vision to make successful security the norm. 

Exabeam Fusion SIEM is a cloud-delivered product line that offers an open-system approach to SIEM and XDR, and is one of the first of its kind in the industry. Fusion SIEM provides automation for the entire threat detection, investigation and response (TDIR) workflow, enhancing the frontline defense capabilities of security analysts. Fusion SIEM, an Exabeam innovation, has built-in user entity and behavior analytics (UEBA) to detect security incidents that can bypass traditional tools.

How will SIEM evolve in the future?

It is not easy to predict the next SIEM evolution, especially with an ever-changing and hype-filled security market. However, there are three trends that we are likely to see:

• SIEMs will increasingly become hybrid or multicloud-based and leverage cloud architectures to offer greater choice and capabilities such as higher availability, easier scaling and robustness.
• SIEMs will become more open, adding additional 3rd-party integrations and support for industry standards, with increasing support for data federation while the traditional security perimeter is replaced with more dispersed security controls across various cloud, on-premises, IoT and endpoint security platforms.
• SIEMs will remain a central security component, increasingly focussing on streamlined workflows to make it easier to use advanced analytics and automation.

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