Story image

Frost & Sullivan analyses FireEye's progression in SIEM space

22 Nov 2017

A Frost & Sullivan report names FireEye as one of the leaders in security incident and event management (SIEM) solutions for the company’s work on its FireEye Threat Analytics Platform (TAP).

The report, titled, ‘Security Information and Event Management Global Market Analysis, Forecast to 2021 – The Transition to SIEM 3.0,’ Frost & Sullivan estimated the 2016 market for SIEM was worth more than $1.78 billion – an increase of 8.2% on 2015.

SIEM vendors should also expect a 10.6% CAGR revenue growth rate from 2016-2021.

While traditional SIEM use cases include compliance, storage and forensic investigation, it is evolving to include many more features for threat response, comments Frost & Sullivan.

The analyst firm says that SIEM functions incorporate: bidirectional communication between SIEM and other security platforms, analytics that can reduce mean-time-to-detect and mean-time-to-respond; user behaviour analytics and network performance monitoring; rules violation; and analytics that can be applied to SIEM for redundancy.

The firm believes that FireEye’s relationship with its US-based firm Mandiant enhances both FireEye appliances and Mandiant’s threat hunting skills.

“FireEye has a unique approach to security because they are able to capture their insights from investigating breaches and design a SIEM solution based on frontline experience,” explains Christopher Kissel, senior analyst, Frost & Sullivan.

“The advantage of this approach came through in our report, as FireEye led in the User Behavior Analytics and threat hunting capabilities areas, key capabilities for any organization building a modern security program,” Kissel continues.

FireEye’s TAP was recognised for its user behaviour analytics. The company says this offering differentiates its features between platform providers.

Frost & Sullivan’s report also says that SIEM customers are burdened by implementation costs that can be between three to five times more than the initial software purchase costs.

Users can also spend more time maintaining their SIEM rather than using it.

FireEye says that its approach excels in cost and efficiency for managing security events, not maintenance.

“Customers can finally move beyond compliance and focus on protecting their organizations from the threats that matter,” comments FireEye CTO Grady Summers.

The report notes that FireEye has built an ‘extensive’ alliance partner network. FireEye says its roadmap includes security orchestration tool refinement and an app store to simplify the integration of cloud data sources.

Microsoft urges organisations to tackle data blindspots
Despite significant focus placed on CX transformation, over a third of Australian organisations claimed that more than one in five of their projects failed.
Raising the stakes: McAfee’s predictions for cybersecurity
Security teams and solutions will have to contend with synergistic threats, increasingly backed by artificial intelligence to avoid detection.
Renesas develops 28nm MCU with virtualisation-assisted functions
The MCU features four 600 megahertz CPUs with a lock-step mechanism and a large 16 MB flash memory capacity.
DOCOMO ranked world's top mobile operator in 5G SEP applications
NTT DOCOMO has been ranked the world's leading mobile operator in terms of applications for candidate standard-essential patents.
Exclusive: Ping Identity on security risk mitigation
“Effective security controls are measured and defined by the direct mitigation of inherent and residual risk.”
CylancePROTECT now available on AWS Marketplace
Customers now have access to CylancePROTECT for AI-driven protection across all Windows, Mac, and Linux (including Amazon Linux) instances.
Gartner’s top 10 data and analytics trends for 2019
Data is the fuel for the modern world, and analytics the engine. Gartner has compiled the top 10 trends to watch this year.
How CIOs can work with colleagues to drive new competitive advantages
"If recent history has taught us anything, it’s that the role of the CIO is always changing, and that it won’t stop changing anytime soon."