Log Management Market 2020 Global Industry Trends, Evolving Technologies, Business Strategies, Developments, Growth, Challenges, Future Investments, Key Players and Forecast 2025
Log management enables in administrating and facilitating in the generation, analysis, transmission, storage, reporting, and archiving of the massive amount of log data produced within a network or system. It is anticipated that the log management market will reach USD 4 billion by 2025.
Dallas, United States – October 31, 2020 /MarketersMedia/ —
The global log management market size is anticipated to reach USD 4 billion by 2025. Organizations now-a-days deal with the massive amount of data in their day-to-day operations. Growth in the complexity of Advanced Persistent Threats (APTs) has created a need for log management solutions among several industries including IT & telecom, banking & insurance, healthcare, etc. Additionally, an increase of cloud-based log management platforms; to enhance the availability of computer-generated log data available to the developers, IT engineers, as well as business analysis on-demand has made organizations to deploy log management solutions on a large scale. the growth.
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However, the inaccessibility of open-source log management products and solutions hinders the growth of the log management industry. On the other hand, responsive log management solutions with analytical advantages features and artificial intelligence are anticipated to enable lucrative growth prospects for the log management market growth in the coming few years.
Proliferation of Cloud-based Services to Support Market Expansion in Log Management Services
Log management comprises of a gamut of processes and approaches facilitated to improve storage and archiving voluminous log data generated across a network. Owing to multifunctional attributes such as security and compliance analytics log management helps in identifying bottlenecks to improve quality of software. Proliferation of cloud-based services and rise in instances of cyber threat have encouraged market expansion on the back of robust enterprise adoption.
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IBM Partners with Log DNA to Support Log Management Practices on Multicloud Platforms
To improve business potential of log management system, IBM has collaborated with third party vendor, Log DNA to expedite delivery outlook of contemporary digital log management system. The partnership will enable log management solutions for on-premise and multicloud system. Log DNA is identified as a critical log management system to collate the versatile functionalities of engineering and DevOps such that these disparate functionalities are present on a centralized common platform such that new services are offered in microservices domain.
As enterprises are investing substantially towards managing security lapses and data threats, log management system is likely to witness adoption uptick. Log management is a multi-functional approach comprising data accumulation and administration, transmission, storage and analysis of data that helps in accurate management of voluminous computer generated data. However, constraints such as complex architecture, high deployment charges and limited awareness are anticipated to cripple growth substantially in log management market in the coming years.
The global log management market is a wide range to North America, Europe, APAC, South America, and the Middle East & Africa. North America is considered a mature market in the log management applications, owing to an outsized presence of an organization with the availability of technical expertise and advanced IT infrastructure. The US and Canada are the highest contributory countries to the expansion of the log management market in North America.
The major players of the global log management market are Sumo Logic, SolarWinds, IBM, Graylog, Micro Focus, ManageEngine, Rapid7, RSA, McAfee, Alert Logic, Splunk, LogRhythm, BlackStratus, LogDNA, and more. The log management market is fragmented with the existence of well-known global and domestic players across the globe
Segment Overview of Global Log Management Market
Component Overview, 2018-2025 (USD Billion)
Solutions
Services
Organization Size Overview, 2018-2025 (USD Billion)
Small & Medium
Large
Deployment Overview, 2018-2025 (USD Billion)
On-premise
Cloud
Application Overview, 2018-2025 (USD Billion)
BFSI
Telecom & IT
Healthcare
Retail
Education
Others
Regional Overview, 2018-2025 (USD Billion)
North America
U.S.
Canada
Europe
UK
Germany
France
Rest of Europe
Asia Pacific
China
Japan
India
Rest of Asia-Pacific
Middle East and Africa
UAE
South Africa
Rest of Middle East and Africa
South America
Brazil
Rest of South America
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