SIEM market is undergoing significant changes, with many 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 uncertain. The recent acquisition of Splunk by Cisco and IBM selling its QRadar software-as-a-service (SaaS) assets to Palo Alto Networks indicate that some big players are shifting strategies. Gartner Distinguished VP Analyst Peter Firstbrook suggests that IBM is giving up on SIEM and SOAR markets in favor of XDR, while Cisco is trying to figure out how to integrate Splunk with its XDR strategy. Many existing SIEM vendors will either be acquired, shift toward niche markets, or go out of business. Over the next 10 years, the SIEM market will transition to a few dominant players offering integrated platforms supplemented by specialized partner solutions.
