Securayer Achieves 59% Market Share in the SIEM, SOAR, and AI Procurement Market in 2024

Securayer, a company specializing in AI-based big data analysis and automation solutions, announced on the 26th that it has recorded a 59% market share and the highest sales in the domestic SIEM, SOAR, and AI procurement market in the first half of 2024.

Based on the procurement records for specific items from the Open Procurement Information Portal (data.g2b.go.kr), it was confirmed that Securayer's products ranked first in both sales and market share in the SIEM, SOAR, and AI sectors for the first half of 2024.

Securayer explained that the increase in market share was due to the adoption of its solutions by public institutions following major government departments last year.

'eyeCloudXOAR' is a product that technically integrates “SIEM (Security Information and Event Management)” and “SOAR (Security Orchestration, Automation, and Response)” according to business processes. As the product name “XOAR (eXtended SOAR)” suggests, it is a fourth-generation security monitoring platform that provides existing big data analysis and threat intelligence-based response automation functions on a single platform. When AI capabilities are added, it evolves into a fifth-generation security monitoring platform that efficiently handles tasks previously performed by security monitoring personnel.

eyeCloudAI is a separate, standalone universal solution that automates workflow-based AI process management as much as possible, allowing users to create and continuously manage AI learning models more conveniently. It is optimized for users who wish to utilize their own AI models.

Jeon Joo-ho, CEO of Securayer, stated, “Achieving the number one position in the procurement market in the first half of 2024, following 2023, reaffirms Securayer's technological prowess in the domestic security market,” and added, “We will continue to position ourselves as a leading company in the domestic security market through continuous technological development.”

He also mentioned, “This result is a recognition of the knowledge-based content accumulated from extensive operational experience, and in the future, we will advance as a company that provides a platform-based information security operational ecosystem through our 'eyeCloud Ecosystem', leveraging not only our own technology and knowledge but also external alliances.”