Transformational growth fuelled by GenAI integration, regulatory mandates, and accelerating cloud adoption across NA, APAC, EMEA, and LATAM
LONDON, Feb. 17, 2026 /PRNewswire/ — Frost & Sullivan’s latest analysis, Modern SIEM Market, Global, 2024–2029, finds that the global modern security information and event management (SIEM) market is poised for significant expansion, growing from $7.13 billion in 2024 to $13.55 billion by 2029, at a compound annual growth rate (CAGR) of 13.7%. The market is experiencing transformational growth as organisations respond to increasingly complex cyberattacks, regulatory pressures, and the widespread adoption of cloud and hybrid IT environments.
Modern SIEM platforms extend traditional SIEM functionality by integrating advanced capabilities such as user and entity behaviour analytics (UEBA) and security orchestration, automation, and response (SOAR) into unified security operations centre (SOC) platforms. The growing incorporation of artificial intelligence (AI), machine learning (ML), and generative AI (GenAI) is further accelerating innovation, improving detection accuracy, and reducing response times.
“Modern SIEM is no longer a log management tool – it has become the foundation of next-generation SOC operations,” said Seonji Lee, Industry Analyst at Frost & Sullivan. “Organisations are prioritising AI-driven automation, real-time analytics, and cloud-native scalability to manage rising data volumes, address cybersecurity skills shortages, and respond proactively to advanced and zero-day threats.”
Cloud-Native SIEM Leads Market Momentum
Cloud-based SIEM solutions are significantly outpacing on-premise deployments. Cloud SIEM revenue is projected to grow at a 17.5% CAGR from 2024 to 2029, compared with 3.4% CAGR for on-premise solutions. Subscription-based models and scalable architectures are enabling organisations to optimise costs while enhancing flexibility and integration across multi-cloud and hybrid infrastructures.
The integration of SOAR and UEBA capabilities – alongside early GenAI use cases such as natural language querying and automated investigation support – is reshaping competitive differentiation. Vendors are also converging SIEM with adjacent technologies such as extended detection and response (XDR), strengthening platform-based security strategies.
Regional Growth Highlights
- North America remains the largest regional market, supported by advanced digital infrastructure and stringent compliance mandates.
- Asia-Pacific (APAC) is expected to record the strongest growth, driven by digital transformation, rising ransomware and state-sponsored attacks, and increasing cloud adoption.
- Latin America (LATAM) will see rapid expansion as organisations increasingly rely on managed SIEM services to address talent gaps and cost constraints.
- EMEA continues to expand steadily, fuelled by evolving data protection regulations and heightened geopolitical risk.
Competitive Landscape and Consolidation
The market remains competitive and increasingly consolidated, with leading vendors strengthening their positions through platform expansion and strategic acquisitions. Recent mergers and acquisitions have intensified competition and accelerated innovation in AI-enabled analytics and automation.
A small group of major vendors continues to account for a significant share of global revenue, while emerging players focus on differentiation through advanced analytics, managed services, and regional expansion strategies.
Growth Opportunities
Frost & Sullivan identifies three key growth opportunities shaping the market through 2029:
- Advancements in AI, behavioural analytics, and threat intelligence integration
- Expansion of managed SIEM and MSSP services
- Scaling strategies in high-growth regions, particularly APAC and LATAM
As cybersecurity complexity intensifies, organisations are increasingly embedding modern SIEM platforms at the core of proactive threat management frameworks, reinforcing their strategic importance across industries including BFSI, government, manufacturing, telecommunications, and healthcare.
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Kristina Menzefricke
Marketing & Communications
Global Customer Experience, Frost & Sullivan
kristina.menzefricke@frost.com