The Security Information and Event Management (SIEM) market is transforming, driven by evolving cyber threats, increasing IT complexity, and vendor consolidations reshaping the landscape. As attacks against organizations become more frequent and sophisticated, the need for agile and responsive security solutions is growing. Many legacy SIEM systems need help to meet modern security demands, particularly for mid-to-large enterprises (up to $5B in annual revenue). This shift allows organizations to reassess their security strategies and adopt next-generation solutions that deliver greater efficiency and simplicity without the burdens of traditional SIEM deployments.
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