LogRhythm, IBM, Splunk and McAfee have all been named 'leaders' in Gartner's latest Magic Quadrant for Security Information and Event Management (SIEM). Gartner analysed 20 vendors on their completeness of vision and ability to execute.
Gartner explains the SIEM Leaders quadrant comprises vendors that provide products with a strong functional match to general market requirements, have been successful for both installed bases and revenue streams within the SIEM market, and have a high viability rating.
"In addition to providing technology that is a good match to current customer requirements, Leaders also show evidence of superior vision and execution for emerging and anticipated requirements. They typically have relatively high market share and/or strong revenue growth, and have demonstrated positive customer feedback for effective SIEM capabilities and related service and support," Gartner continues.
Chris Petersen, LogRhythm CTO and senior vice president of research and development, says it is an honour to be consistently recognised as a leader.
LogRhythm was positioned as a leader for its Threat Lifecycle Management platform, which delivers solutions for user and entity behaviour analytics (UEBA), network traffic and behaviour analytics (NTBA), enterprise log management, network and endpoint monitoring, and security automation and orchestration.
"LogRhythm is proud to serve at the heart of our customers' security operations, enabling faster detection and response. We remain focused on streamlining Threat Lifecycle Management for security teams around the globe, and we're gratified that Gartner has recognized us as a SIEM Magic Quadrant Leader," Petersen says.
"As data breaches continue to come fast and furious, it's critical that companies rapidly detect, neutralise and recover from security threats. We believe this research report speaks volumes about LogRhythm's leadership in the market and our ability to meet the challenges of today's continually evolving threat landscape for enterprise Security Operations Centers (SOCs) across the globe," Petersen continues.
IBM was positioned as a leader for the ninth consecutive year. IBM Security analyst relations manager Nicole Trager says the company's QRadar product has helped the company achieve strong growth.
"SIEM will continue to be the lead, core technology empowering security teams, but will evolve to enable these teams to better operationalize their investments. In simpler terms, it'll become the bridge between security and IT operations teams," she says.
Splunk was named a Leader for the fifth consecutive year. Splunk senior vice president and general manager of Security Markets, Haiyan Song, says Splunk's vision of analytics-driven security forms the foundation of its SIEM and UBA solutions.
"We believe this recognition identifies our success and we look forward to building on it as we bring innovative solutions for advanced threat detection, investigation and incident response to Splunk's security portfolio.
McAfee was named a Leader for the seventh consecutive year. Vice president and general manager of corporate products Raja Patel says the company is proud to be recognised.
"Investing in solutions for the security operations center (SOC) is a key part of McAfee's strategy offering customers the most advanced and robust control points of a modern cybersecurity architecture—endpoint and cloud—with actionable threat intelligence, analytics and orchestration enabled by an open ecosystem," Patel concludes.
