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SIEM shakeup: IBM retreats, Splunk sold and the fate of the rest - SDxCentral

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The security information and event management (SIEM) market is now a major battleground with more than 20 vendors included in Gartner’s latest Magic Quadrant report. However, amid the cloud transformation, vendor consolidation, and competition and integration with extended detection and response (XDR), the future is increasingly uncertain. The impact of these disruptive forces is underscored by recent moves by big names, such as Cisco acquiring leading SIEM vendor Splunk, LogRhythm and Exabeam planning to merge, and Palo Alto Networks announcing an agreement to acquire IBM QRadar. IBM‘s recent decision to sell its QRadar software-as-a-service (SaaS) assets to Palo Alto Networks marks a significant shift in its security business strategy. “What it represents to me is that IBM is giving up on the SIEM, SOAR market and they’re capitulating to arguably an XDR vendor,” Gartner Distinguished VP Analyst Peter Firstbrook told SDxCentral. “It’s one of the first dominoes to fall in terms of ‘hey

SIEM shakeup: IBM retreats, Splunk sold and the fate of the rest Gartner's Peter Firstbrook predicts many existing security information and event management vendors will either be acquired by larger firms, shift toward niche markets or go out of business. May 23, 2024 By Nancy Liu Have your say The security information and event management (SIEM) market is now a major battleground with more than 20 vendors included in Gartner’s latest Magic Quadrant report . However, amid the cloud transformation, vendor consolidation, and competition and integration with extended detection and response (XDR)

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