Elastic continues to gain momentum in SIEM market

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Elastic has successfully delivered a leading Security Information and Event Management (SIEM) offering with only two years in the market. According to IDC Worldwide Security Information and Event Management Market Shares, 2021: The Cardinal SIEMs report, Elastic is one of the fastest growing SIEMs (more than 80% year-over-year growth) — and had the fifth largest market share in 2021 of the 20+ SIEM vendors in the report. 

2021 worldwide SIEM revenue market share

Additionally, Gartner® has recognized Elastic as a Visionary in the 2022 Magic Quadrant™ for SIEM. We believe this recognition is a testament to Elastic’s ability to deliver value to customers quickly and execute effectively in the market since making Elastic SIEM available just two years ago

The leader in SIEM for the modern SOC 

Elastic SIEM is often recognized for its open and transparent nature and is known for its breadth of technical capabilities — including native endpoint detection and response, cloud workload monitoring and policy enforcement, and a strong unification of IT observability and security — all on a single flexible platform. 

Elastic delivers all the attributes of a modern SOC — support for third-party EDR vendors, out-of-the-box protections for endpoint and cloud, security orchestration, automation, and response (SOAR), threat intelligence, and advanced security analytics. Elastic's security offering leverages the scalability and strengths of the underlying Elastic platform to provide wide threat surface visibility, real-time detection and response, and insightful workflows for threat hunting and investigations.

Elastic SIEM supports both on-premise and cloud deployments across AWS, GCP, and Azure. Our unique, multi-cloud architecture allows for federated analysis across a single hybrid deployment, without requiring backhauling of data to a central location. Elastic's scalable data management capabilities allow analysts to search through years of telemetry in a fast and cost-efficient fashion, without needing to manually manage archiving and retrieval.

“Our momentum in the SIEM market in just a few years is unprecedented, and validates that we are providing strong customer value and solving their key security problems,” said Santosh Krishnan, general manager of Elastic Security. “Although we introduced the SIEM capability relatively recently, we quickly followed it up with expansion into XDR and cloud security based on customer needs and to deliver on our long-term vision to modernize security operations. The growth in customers using Elastic to find and protect against the most sophisticated threats in the industry has been exceptional.” 

We look forward to continuing execution on our long-term vision, enabling security analytics across years of data and automating key SOC processes with a unified offering. Stay tuned for more! 

Get started by reading the Gartner Magic Quadrant for Security Information and Event Management, October 2022, for free.

Gartner Magic Quadrant for Security Information and Event Management, Pete Shoard, Andrew Davies, Mitchell Schneider, October 2022.

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