On a scale of one to ten, I'd rate the pricing of this solution as a seven - not too expensive but not cheap either. Regarding licensing costs, it varies depending on factors like being a partner or an end user, but there are no additional costs aside from standard licensing fees for the basic SIEM solution.
Network and Security Specialist at Ajman Digital Government
Real User
2024-02-13T10:31:00Z
Feb 13, 2024
The pricing is very reasonable and accessible compared to other products in the market but I am not very sure about the exact licensing cost per year for our company.
On a scale of one to ten, where one is low, and ten is high, I rate the pricing between six and seven. Price-wise, it is not a solution for small businesses. My company works in the African market, and in African markets, LogRhythm SIEM could be very expensive for small enterprises. There are annual charges to be paid for using LogRhythm SIEM. There are no extra charges in addition to the licensing costs of the solution.
System Administrator at GOLDENWEST FEDERAL CREDIT UNION
Real User
Top 10
2022-10-18T09:15:00Z
Oct 18, 2022
We're on a perpetual license, but they're trying to move us to a subscription-based license. We've been with them for so long, and we'd like to keep it the way it is rather than switch to a subscription-based license.
Senior Security Analyst at a transportation company with 501-1,000 employees
Real User
Top 10
2022-10-16T09:09:00Z
Oct 16, 2022
The license model is similar to other SIEM solutions that we looked at, which is a log volume pricing model. That pricing model works well, especially being able to filter the logs and get less important logs in so we have the ability and the headroom to put in other log sources.
Chief Information Technology Officer at a insurance company with 11-50 employees
Real User
Top 10
2022-10-03T12:30:00Z
Oct 3, 2022
LogRhythm is a costly solution. I rate it five out of 10 for affordability. We have a three-year license, and you need to pay to add features like endpoint licensing, behavior analytics, etc.
CEO at a tech services company with 51-200 employees
Real User
Top 5
2022-07-19T10:48:04Z
Jul 19, 2022
The price is very good, and it is very cheap compared to other solutions. If we compare it to SolarWind, SolarWind is not as advanced as LogRhythm NextGen SIEM. I rate the price a nine out of ten. We always consider the features and quality before the price, but the cost is still very good. We get about 98% of the features we want.
I would rate the pricing 4 out of 5. There are no additional costs to the standard licensing fees. The customers commonly want to know what is the price for the service in different bands. So we work on a banded price model, and it is something that is complicated. We include the UEBA, which is sized and quoted in terms of the number of users and entities. So we need to make a price banded model for the SIEM and a price banded model for the UEBA. We need two of them and they are related. If you increase the number of users, you are increasing the cost of the service of the SIEM. Sometimes we don't know the exact relationship between these two components. In the case of other solutions in the cloud, like Securonix, you just need to say to the customer, "This is the price of the different bands."
Senior Cyber Security Engineer at a logistics company with 10,001+ employees
Real User
2022-02-15T15:09:30Z
Feb 15, 2022
I didn't see the RFP, but I heard that it is more expensive than QRadar. I remember one customer implemented only one QRadar in two sites. It cost them $2 million, I think. Maybe LogRhythm is much higher.
Information Security Analyst at a financial services firm with 1,001-5,000 employees
Real User
2022-02-06T07:20:05Z
Feb 6, 2022
The support which allows more customized to the environment when we are deploying new systems is called Professional Service and is very expensive. The technical annual support and there is an annual fee. The price of LogRhythm NextGen SIEM engineers is expensive, but when comparing them to ELK, ELK engineers are more expensive.
security solutions integrator at a consultancy with 1-10 employees
Real User
2021-12-27T19:55:08Z
Dec 27, 2021
We work with French-speaking African countries, and it costs more than the average SIEM solution. Also, the pricing isn't too flexible. AlienVault, Splunk, and IBM QRadar are more suitable for customers on a tight budget.
Technology Solutions Head at MANTRA TECHNOLOGIES LTD
Real User
2021-12-13T21:14:00Z
Dec 13, 2021
When they buy the license, whether on-prem or cloud licenses, I don't think that's all they pay. We do charge them for implementation and installation, but that's about it. Subscription is year on year.
Head Of Technical Services at a tech services company with 51-200 employees
Real User
2021-11-02T20:01:00Z
Nov 2, 2021
The setup and licensing for small and medium size businesses is straightforward, though when it comes to the enterprise it pays to keep in mind the possibility for complications given all the extras and add-ons that may be required.
Senior System Engineer at a tech services company with 11-50 employees
Reseller
2021-10-08T13:41:36Z
Oct 8, 2021
LogRhythm pricing is based on the MPS. They always quote the pricing per unit of MPS. The number of MPS which the customer needs is what we provide with the unit price and we get a good discount on it, as per LogRhythm. The price is in USD. For that reason, when we convert from USD to our currency, the pricing seems quite high. Everything is included. We get the data processing license as well as the sole license and the filing, ticketing, monitoring licenses, and the collector license as well. We get everything in one package.
Unit Head Titanium (Security Solution) at RapidCompute
Real User
2021-03-13T09:32:28Z
Mar 13, 2021
The cost of the solution should be reduced. In the Pakistan market, they have competition from IBM QRadar. They have quite a significant core difference. While the quality of this product is better, IBM has a stronger penetration in the market base don price. 90% of financial institutions are doing the QRadar in Pakistan. The Central Bank is using QRadar and simply due to the cost differences.
Systems Administrators at a tech services company with 201-500 employees
Real User
2020-12-31T17:15:06Z
Dec 31, 2020
It costs a great amount, but its pricing is competitive with some of the other vendors. For licensing and support, we pay about 20,000. There are no additional costs or anything like that.
LogRhythm SIEM Platform is an award-winning platform in security analytics. With more than 4,000 customers globally, LogRhythm SIEM is an integrated platform that helps security operations teams protect critical infrastructure and information from emerging cyberthreats. Ultimately, LogRhythm SIEM is an integrated set of modules that contribute to the security team’s fundamental mission: rapid threat monitoring, threat detection, threat investigation, and threat neutralization. LogRhythm SIEM...
On a scale of one to ten, I'd rate the pricing of this solution as a seven - not too expensive but not cheap either. Regarding licensing costs, it varies depending on factors like being a partner or an end user, but there are no additional costs aside from standard licensing fees for the basic SIEM solution.
The pricing is very reasonable and accessible compared to other products in the market but I am not very sure about the exact licensing cost per year for our company.
The product is inexpensive than other tools like IBM, QRadar, etc.
On a scale of one to ten, where one is low, and ten is high, I rate the pricing between six and seven. Price-wise, it is not a solution for small businesses. My company works in the African market, and in African markets, LogRhythm SIEM could be very expensive for small enterprises. There are annual charges to be paid for using LogRhythm SIEM. There are no extra charges in addition to the licensing costs of the solution.
I would rate the tool's pricing around eight out of ten.
I give the price a six out of ten.
It's massive for yearly licenses. There don't seem to be any costs in addition to standard licensing.
LogRhythm's pricing and licensing are extremely competitive and it's one of the top three reasons we continue to invest in the platform.
We're on a perpetual license, but they're trying to move us to a subscription-based license. We've been with them for so long, and we'd like to keep it the way it is rather than switch to a subscription-based license.
The license model is similar to other SIEM solutions that we looked at, which is a log volume pricing model. That pricing model works well, especially being able to filter the logs and get less important logs in so we have the ability and the headroom to put in other log sources.
LogRhythm is a costly solution. I rate it five out of 10 for affordability. We have a three-year license, and you need to pay to add features like endpoint licensing, behavior analytics, etc.
Senior management is in charge of purchasing the license for LogRhythm NextGen SIEM, so I have no information on how much it costs.
LogRhythm's licensing is based on MPS. There are some add-on features like advanced UEBA, the cloud component for advanced UEBA, and SIEM.
It is a very cost-effective solution.
NextGen SIEM's pricing is moderate. There are additional costs for different applications.
The price is very good, and it is very cheap compared to other solutions. If we compare it to SolarWind, SolarWind is not as advanced as LogRhythm NextGen SIEM. I rate the price a nine out of ten. We always consider the features and quality before the price, but the cost is still very good. We get about 98% of the features we want.
I can't speak to the exact cost of licensing the product. My understanding is that it is less expensive than RSA.
I would rate the pricing 4 out of 5. There are no additional costs to the standard licensing fees. The customers commonly want to know what is the price for the service in different bands. So we work on a banded price model, and it is something that is complicated. We include the UEBA, which is sized and quoted in terms of the number of users and entities. So we need to make a price banded model for the SIEM and a price banded model for the UEBA. We need two of them and they are related. If you increase the number of users, you are increasing the cost of the service of the SIEM. Sometimes we don't know the exact relationship between these two components. In the case of other solutions in the cloud, like Securonix, you just need to say to the customer, "This is the price of the different bands."
I didn't see the RFP, but I heard that it is more expensive than QRadar. I remember one customer implemented only one QRadar in two sites. It cost them $2 million, I think. Maybe LogRhythm is much higher.
The support which allows more customized to the environment when we are deploying new systems is called Professional Service and is very expensive. The technical annual support and there is an annual fee. The price of LogRhythm NextGen SIEM engineers is expensive, but when comparing them to ELK, ELK engineers are more expensive.
We work with French-speaking African countries, and it costs more than the average SIEM solution. Also, the pricing isn't too flexible. AlienVault, Splunk, and IBM QRadar are more suitable for customers on a tight budget.
When they buy the license, whether on-prem or cloud licenses, I don't think that's all they pay. We do charge them for implementation and installation, but that's about it. Subscription is year on year.
The setup and licensing for small and medium size businesses is straightforward, though when it comes to the enterprise it pays to keep in mind the possibility for complications given all the extras and add-ons that may be required.
LogRhythm pricing is based on the MPS. They always quote the pricing per unit of MPS. The number of MPS which the customer needs is what we provide with the unit price and we get a good discount on it, as per LogRhythm. The price is in USD. For that reason, when we convert from USD to our currency, the pricing seems quite high. Everything is included. We get the data processing license as well as the sole license and the filing, ticketing, monitoring licenses, and the collector license as well. We get everything in one package.
The cost of the solution should be reduced. In the Pakistan market, they have competition from IBM QRadar. They have quite a significant core difference. While the quality of this product is better, IBM has a stronger penetration in the market base don price. 90% of financial institutions are doing the QRadar in Pakistan. The Central Bank is using QRadar and simply due to the cost differences.
It costs a great amount, but its pricing is competitive with some of the other vendors. For licensing and support, we pay about 20,000. There are no additional costs or anything like that.
We did a five-year agreement. We pay close to a quarter of a million dollars for our solution.
In the context of our country, the price of this solution is too high.