Log Management Market 2021 Trends, Latest Innovation, Pricing Analysis, Emerging Technology, Prominent Players, New Project Investment, Development Status & Forecast 2026
It is anticipated that the log management market will reach USD 4 billion by 2025. This is predominantly due to the progression of technological tools that have facilitated solutions to be offered as a service and growing demand for reducing growing incidents in the enterprises.
Dallas, United States – May 31, 2021 /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. Log management is the agglomeration of numerous policies and processes that enable facilitation and administration of storage of larger volume of data coupled with its analysis, archiving, generation, transmission and ultimately the disposal of such volumes of data. humungous amount of data is generated withing information systems. Log management helps in streamlining the storage of data by incorporating an indexing system that enables data to be stored in different categories.
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It also ensures long-term data storage which facilitates individuals to examine and evaluate data whenever required. The log management market benefits form the series of utilitarian characteristics including log gathering, long haul stockpiling, log maintenance, combined log conglomeration, examination of log, log pivot and log seeking and announcing.
The demand for log management solutions is expected to escalate as a result of the increasing sophistication integrated in Advanced Persistent Threats (APTs) considered to be a major driving factor coupled with the exclusive proliferation of the cloud-based solutions particularly in coherence with the log management systems. Increasing adoption of cloud-based log management platforms is also rising the availability of computer-generated log data easily accessible to IT professionals, engineers, developers. In addition, increasing demand for business analysis coupled with a surge in number of IoT devices and networks is also considered to be a crucial factor in boosting the growth of the global log management market.
Furthermore, growing IT infrastructure along with the constantly increasing commercialisation of IT crosswire is observed across a variety of industry vertical enhancing the growth of the global log management market during the forecast. A massive surge in demand for integration of highly advanced technologies such as Artificial Intelligence (AI) and analytical solutions is advancing the performance of responsive log management solutions offering several advantages thereby augmenting the growth of the log management market. Nonetheless, a major challenge faced by the log management market is the unavailability of open-source management solutions effectively hampering the potential growth of the log management market during the forecast period.
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The cloud-based log management solutions market is anticipated to grow exponentially. The growth is primarily attributed to the rising small and medium sized enterprises heavily inclined towards adopting cloud-based network security systems that are software enabled. Cloud technology has emerged as a popular alternative functionally addressing several advantages, the major one being elimination of operational costs. The increasing adoption of cloud-enabled services and log management solutions is due to its cost-effective nature encouraging smaller business arrangements to adopt. SMEs address extreme financial crunch in dealing with hardware costs, software and cost of technical staff which is successfully eliminated by the integration of cloud-enabled log management software solutions. North America witnesses early adoption of technologies owing to the highly aware market environment and prevalence of security vendors.
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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