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Vendor Landscape: Security Information & Event Management

Optimize IT security management and simplify compliance with SIEM tools.

  • In the face of increasing regulatory pressures and headline-grabbing hacking activities, enterprises are deploying an ever increasing volume of dedicated security tools. As a result they are drowning in log and alert data to the point where the tools inhibit their own value.
  • Implementing SIEM allows enterprises to manage and respond to an ever-widening range of threats and compliance requirements by consolidating, aggregating, correlating, and reporting on security events. Taking action based on correlated data is accelerated, and detailed reporting supports obligations to demonstrate the specific measures the enterprise is taking to be compliant.
  • Getting a strong product evaluation allows organizations to enhance enterprise security at a manageable cost. Making the wrong choice could mean higher costs, lower security, or both.

Our Advice

Critical Insight

  • The SIEM market is undergoing rapid developments. In existence for just over a decade, the market is still maturing and product sets continue to be rationalized. Market consolidation is constantly occurring with large security vendors purchasing smaller dedicated SIEM vendors. The threat and regulatory landscape is making SIEM a more and more attractive technology for security firms and customers. Major leaps are being made in advanced capabilities as specialized correlation and analytic features are commercialized.
  • At first glance a SIEM may cause a panic attack. It will highlight various threats, risks, and vulnerabilities you may have not known about. Stay calm and realize the technology is providing a greater visibility into your organization’s security standing.
  • Various deployment and management options are making SIEM technology available to all levels of security organizations. Near full out-of-the-box solutions are being used by smaller organizations. Managed security service provider (MSSP) offerings are appearing, and can reduce the ongoing costs to a manageable level. High-demand organizations are using SIEM to augment their security operations command with as many as five full-time equivalents (FTEs) monitoring and managing the system to responds to threats in real time.

Impact and Result

  • Understand what’s new in the SIEM market and where it’s heading.
  • Develop a strong understanding of the top SIEM vendors and their offerings to identify a best-fit product for your organization.
  • Cultivate vendor management tactics through a tailored request for proposal and a demo script in order to get the features and functionality you need for either security management, compliance adherence, or overall risk reduction.


Vendor Landscape: Security Information & Event Management Research & Tools

1. Evaluate the market position and the changes in features

Understand what vendors are offering competitive products and which ones are lagging.

2. Identify the best-fit mid-market SIEM solution

Develop a shortlist to speed the selection process.

3. Issue an RFP to the shortlist of vendors

Solicit responses from shortlisted vendors to find optimal enterprise fit.

4. Review RFP winners

Ensure that selected proponents can deliver when it counts.

5. Review the product with a demonstration

Confirm that the product will fit with IT users’ competency levels.

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Optimize IT security management and simplify compliance with SIEM tools.

Need Extra Help?
Speak With An Analyst

Get the help you need in this 1-phase advisory process. You'll receive 3 touchpoints with our researchers, all included in your membership.

  • Call #1 - Shortlist Assistance and Requirements

    Get off to a productive start: Discuss the market space and how vendors are evaluated. Decide which platform suits you best and narrow down the options based on customized requirements.

  • Call #2 - RFP and Budget Review

    Interpret and act on RFP results: Review vendors’ RFPs and ensure the solution will meet your needs. Discuss average pricing of solutions and what can fit into your budget.

  • Call #3 - Negotiation and Contract Review

    Purchase optimization: Review contracts and discuss best practices in negotiation tactics to get the best price for your solution.

Authors

James McCloskey

Alan Tang

Wesley McPherson

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