The worldwide security information and event management (SIEM) software market grew to $3.0 billion in 2018, a 12.4% increase year-over-year. The growth is a response to an organization's need to monitor, investigate and respond to security threats.

This IDC report titled "Worldwide Security Information and Event Management Market Shares, 2018" is vital for security decision-makers who want to understand the SIEM market and where it’s heading in order to make the right decisions for the future. The report also highlights Splunk’s strong continuous growth in the market at 37.6% year-over-year and the company’s approach to unlocking the full potential of data, which is all relevant to security.