Global Log Management Market Size and Forecast 2024-2033|International Business Machines Corporation, Splunk Inc., SolarWinds Corporation, Rapid7 Inc., McAfee LLC

Safety manager is showing to Truck driver the electronic logbooks on a tablet

The Log Management by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).

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According to The Business Research Company’s Log Management , The log management market size has grown rapidly in recent years. It will grow from $2.23 billion in 2023 to $2.57 billion in 2024 at a compound annual growth rate (CAGR) of 15.4%. The growth in the historic period can be attributed to growing cybersecurity concerns, regulatory compliance, rising complexity of it environments, awareness and education.

The log management market size is expected to see rapid growth in the next few years. It will grow to $4.72 billion in 2028 at a compound annual growth rate (CAGR) of 16.4%. The growth in the forecast period can be attributed to focus on user behavior analytics. Major trends in the forecast period include integration with security information and event management (siem), ai and machine learning integration, cloud adoption, iot proliferation, automation and orchestration, focus on user-friendly interfaces, cross-platform compatibility.

The growing reliance on information technology and the generation of a huge amount of log data are propelling the growth of the log management market. Digital technologies have emerged as a key factor in economic growth, national security, and international competitiveness. The improving internet accessibility and increasing digital footprints over the internet have contributed to a massive growth in the volume of data generated. It is estimated that over 2.5 quintillion bytes of data are created every day, requiring more data management services. Thus, the increasing volume of data is expected to increase storage and processing needs, thus boosting the demand for the log management market during the forecast period.

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The log management market covered in this report is segmented –

1) By Component: Solution, Services

2) By Deployment: Cloud, On-premise

3) By Enterprise Size: Large Enterprises, Small And Medium Enterprises

4) By Industry Vertical: Healthcare, Manufacturing, Energy And Utilities, IT And Telecommunications, Retail And Consumer Goods, Transportation And Logistics, Government And Public Utilities, Banking, Financial Services And Insurance (BFSI), Other Industry Verticals

Major companies operating in the log management market are focusing on developing innovative products, such as log management programs, to better meet the needs of their existing consumers. A log management program is a computer program that allows businesses to collect, organize, analyze, and handle log data from several sources, such as users, servers, networks, and endpoints. For instance, in February 2022, launched the Log Management Program. The Log Management Program is an integrated program that includes an event log management maturity model, Azure SOC Accelerator, unique cyber analytics, an interactive training workbook, and federal agency savings. The Log Management Program pulls data from more than 50 Microsoft products to provide unmatched insight and correction capabilities from a single pane of glass. Agencies may now log more thoroughly across cloud-based and on-premises systems, allowing them to efficiently operationalize data and gain higher investigative and response value.

The log management market report table of contents includes:

1. Executive Summary

2. Log Management Market Characteristics

3. Log Management Market Trends And Strategies

4. Log Management Market – Macro Economic Scenario

5. Global Log Management Market Size and Growth

26. South America Log Management Market

27. Brazil Log Management Market

28. Middle East Log Management Market

29. Africa Log Management Market

30. Log Management Market Competitive Landscape And Company Profiles

Top Major Players: