Devo Recognized as a Major Player by IDC MarketScape

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SIEMs have come a long way since they first debuted in the security operations center (SOC) well over a decade and a half ago. Today, next-gen SIEMs are far more advanced than early systems, which merely gathered and logged data from different sources. Now, SIEM software can deliver comprehensive insight into network security and data protection by looking for anomalous activity that could indicate compliance, performance and security issues.

While the technology has evolved, so has the criteria for evaluating all the solutions that have entered the market. At Devo, we pride ourselves on delivering a top-tier cloud-native SIEM, and the IDC MarketScape recently recognized us as a Major Player in the IDC MarketScape: Worldwide SIEM 2022 Vendor Assessment (doc #US49029922, November 2022).

Let’s take a look at how analyst firms such as IDC are evaluating the SIEM space and the areas where Devo received top marks.

IDC MarketScape Vendor Assessment

The IDC MarketScape considered SIEM vendors based on quantitative and qualitative criteria that are important to organizations selecting an SIEM. The assessment is based on a comprehensive framework that includes vendor and customer interviews. The IDC MarketScape also reviewed factors for achieving success in the SIEM market over the short term and long term, including:

  • Does the SIEM have integrations with tools in place or under purchase consideration?
  • Does the pricing allow some level of predictability and options for data storage?
  • Does the SIEM have built-in automations that allow analysts to reduce time spent on investigation, particularly on alerts that are false positives?
  • Does the SIEM vendor offer the level of support that meets the buyer’s maturity?

These are all critical evaluation criterion. And Devo meets these needs in a variety of ways.

Devo Recognized as Major Player in SIEM Market

The IDC MarketScape notes that companies should consider Devo, writing, “organizations that want a young, hungry company that receives positive feedback from customers for its flexibility and support should look at Devo. The vendor will be integrating newly acquired technologies to fulfill its vision of the autonomous SOC.”

The IDC MarketScape also highlights Devo’s key strengths, noting that:

  • Devo offers 400 days of hot data storage as part of the platform, more than many other vendors.
  • Devo offers a cloud-native SaaS, so customers do not have to manage their own infrastructure.
  • In addition to Devo Security Operations, Devo also offers the Service Operations application; customers are able to use the same data for both security and IT observability purposes. The SaaS license is all inclusive of the platform, with add-ons for additional storage tiers.

Devo’s goal is to make the transition to a next-gen SIEM easier and efficient by providing the tools and technologies security teams need to do their job more efficiently. That’s why we’re working so aggressively toward our vision for the autonomous SOC. This transformation is sorely needed to free security analysts from cumbersome manual tasks so they can achieve higher job satisfaction and have a much greater impact on their organization’s overall cyber readiness.

You can learn more about how Devo is a Major Player by downloading the 2022 IDC MarketScape for SIEM. Devo was also recently recognized as a Challenger in the 2022 Gartner Magic Quadrant for SIEM, which is also available for download.

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