For years, consumption-based pricing has dominated the security information and event management (SIEM) market. Whether organizations paid a fixed amount based on message per second, event per second, or gigabyte per day, that model was the go-to standard.
However, as organizations grow and data consumption expands, it’s common to exceed a SIEM budget due to the escalating cost. As a result, capacity-based pricing has become less predictable, prompting the need for other business models.
The Evolution of Pricing
When LogRhythm first entered the SIEM market over 15 years ago, capacity-based pricing ruled the roost. But we recognized that budgeting for a SIEM shouldn’t be a one-size-fits-all solution. Depending on your company’s needs and size, you may require a different pricing model. After all, consumption-based pricing can be unpredictable.
That’s why LogRhythm introduced an alternative pricing option based on the number of employees and users with the introduction of the True Unlimited Data Plan. Under this method, you pay a fixed amount per year, regardless of the amount of data users generate. Not only is this alternative more predictable and easier for you to determine, it offers a more straightforward way to budget for a SIEM.
Our user-based model offers unlimited data based on the number of people who are accessing your IT infrastructure. LogRhythm’s True Unlimited Data Plan gives you unlimited data usage for the life of your term — no matter how much your organization grows. You need the ability to ingest all data to have complete visibility so you can sufficiently protect your organization.
Flexibility in Pricing Options
Why should you consider LogRhythm? When it comes to predictable SIEM pricing, we listen to our customers and understand the need for more flexible buying options. Compared to other SIEM vendors, LogRhythm’s pricing models address a variety of needs and work with budgets of all sizes. We give you the flexibility to scale and keep all your data protected, without the worry of going over budget. At LogRhythm, we believe that CISOs should never be put in a position to choose what data to monitor and protect and what data to leave unprotected due to budget constraints.
LogRhythm is also the only SIEM provider to offer both consumption-based pricing and user-based pricing. Depending on your company size and IT infrastructure, LogRhythm can address any business need, enabling you to choose what best fits your budget and business. We’ve got you covered.
Do you need help deciding if user-based pricing is for you? We give you choices to protect your organization. If you’re unsure about your needs, we’ll help you find the right pricing model that fits your needs. To get started, read more about SIEM pricing models and their risks in our new white paper, or contact us today.