Log Management Market Booming At 12.1% CAGR- Dominated by Solution Segment

Log Management Market report provides data on Log Management Market 2017 to 2022, industry booming rate is 12.1% compound annual growth rate (CAGR) and log management market size is expected to grow from $ 707 million in 2017 to $ 1,248.9 million by 2022.

Pune, India – October 6, 2017 /MarketersMedia/ —

Log management software help enterprises to improve security and regulatory compliance. Every computing device in an organization generates hundreds of gigabytes of logs per day. Managed services are used to decrease operational overhead and risks, and they also help to manage the network operational processes by reducing the complexities of networked infrastructure.

Complete report on Log Management Market spread across 134 pages, profiling 12 companies and supported with 47 tables and 52 figures, now available at
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The report includes the study of key players offering log management services, such as IBM Corporation (New York, US), Intel Security (California, US), Solar Winds Worldwide, LLC (Texas, US), Splunk Inc. (California, US), Log Rhythm, Inc. (Colorado, US), Alert Logic (Texas, US), Loggly, Inc. (California, US), Alien Vault (California, US), Veria to, Inc. (California, US), and Black stratus, Inc. (Palm Beach, US).

Additionally, a major trend influencing the log management market is the complexity of advanced technologies, such as IoT infrastructure and operating system. Due to this complexity, users need guidance and therefore, consulting and managed services are expected to witness a high growth in the upcoming years.

The BFSI vertical is expected to have the largest market size during the forecast period. Banks are highly susceptible to cyber-attacks and security threats because of their multi-channel distributed nature, and the fact that they are the richest source of identities and provide direct access to monetary assets. Due to the early adoption of IoT applications, the BYOD trend, and growing usage of we band mobile applications for banking transactions and payments, the market for log management in the BFSI vertical is dominating the market.

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In-depth interviews were conducted with Chief Executive Officers (CEOs), marketing directors, innovation and technology directors, and executives of various key organizations operating in the log management market.
1. By Company: Tier 1: 50%, Tier 2: 30%, and Tier 3: 20%
2. By Designation: C-Level: 60%, Director Level: 20%, and Others: 20%
3. By Region: North America: 15%, Europe: 15%, APAC: 40%, and RoW: 30%

APAC includes emerging economies, such as China, Australia, Singapore, and India, which are rapidly deploying log management solutions. APAC is expected to grow at the highest CAGR during the forecast period. This is mainly due to the increasing adoption of IoT and BYOD trends in many industry verticals, such as BFSI, government, Information Technology (IT) and telecom, healthcare, and retail. Furthermore, North America is expected to have the largest market size in 2017.

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Research Coverage
The report covers log management services across different verticals and regions. It aims at estimating the market size and future growth potential of this market across different segments, such as component (solution and services), deployment mode, organization size, vertical, and region. Furthermore, the report also includes an in-depth competitive analysis of the key players in the market, along with their company profiles, key observations related to product and business offerings, recent developments, and key market strategies.

Key Benefits of Buying the Report
The report will help the market leaders/new entrants in this market with information on the closest approximations of the revenue numbers for the overall log management market and the sub-segments. This report will help stakeholders understand the competitor landscape and gain more insights to position their businesses better and plan suitable go-to-market strategies. The report also helps stakeholders understand the pulse of the market and provides them with information on key market drivers, restraints, challenges, and opportunities.

Contact Info:
Name: Rishikesh Pathvardhan
Organization: RnRMarketResearch

Source URL: https://marketersmedia.com/log-management-market-booming-at-12-1-cagr-dominated-by-solution-segment/246684

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Source: MarketersMedia

Release ID: 246684