According to the Exabeam State of Threat Detection, Investigation, and Response Report, global cybersecurity spending is projected to grow from $92 billion in 2022 to over $170 billion by 2027, pushing security teams to invest in solutions that enhance threat detection, investigation, and response (TDIR). Many organizations have relied on on-premises security information and event management (SIEM) solutions for threat monitoring, incident response, and compliance.