FireEye’s Threat Analytics Platform
On November 14, 2017, Frost and Sullivan issued a report that discussed FireEye’s TAP (Threat Analytics Platform) as a leader in SIEM (Security Incident and Event Management) Solutions.
Currently, a majority of SIEM customers are weighed down by implementation costs, which can surpass the cost of the initial software purchase. Users can spend more time in the maintenance rather than the usage of their SIEM. FireEye TAP’s cost and efficiency in managing security events rather than their maintenance helped it emerge as a leader in this space.
Mohit Shrivastava, information security analyst at MarketsAndMarkets.com, noted, “Threat intelligence platforms take advantage of security technologies such as SIEM, log management, identity and access management, security and vulnerability management, incident forensics and others.”
Expected growth and players in the SIEM space
Citing Research and Markets, Businesswire noted that the SIEM market is expected to grow at a CAGR[1. compound annual growth rate] of 10.1% to reach ~$3.7 billion by 2023. Among all segments, the SIEM market for the services segment is expected to report its highest growth rate during 2017–2023.
In 3Q17, FireEye's non-GAAP operating margin of -2.0% was significantly better than -14.0% in 3Q16.
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