The log management global market report 2024 from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
Log Management Market, 2024 report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.
Market Size –
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.
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Scope Of Log Management Market
The Business Research Company’s reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.
Market Drivers –
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.
Market Trends –
Product innovations have emerged as the key trend gaining popularity in the 5G chipset market. The major players in the market are developing innovative products for market growth. For instance, in June 2021, Samsung Electronics, a South Korea-based electronics company, developed 3GPP Rel.16 compliant chipsets, a range of next-generation 5G chipsets that deliver cutting-edge 5G technologies. The new chipsets consist of a second-generation 5G modem System-on-Chip (SoC), a third-generation mmWave Radio Frequency Integrated Circuit (RFIC) chip, and a Digital Front End (DFE)-RFIC integrated chip. These are designed to increase power efficiency, boost performance, and reduce the size of 5G solutions.
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
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Regional Insights –
North America was the largest region in the log management market in 2023. The regions covered in the log management market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Key Companies –
Major companies operating in the log management market report are International Business Machines Corporation, Splunk Inc., SolarWinds Corporation, Rapid7 Inc., McAfee LLC, Alert Logic Inc., Intel Corporation, LogRhythm Inc, Veriato Inc, Micro Focus International plc, RSA Security LLC, BlackStratus Inc., Loggly Inc., Sematext Group Inc., AT&T Cybersecurity Inc., Logshero Ltd., Sumo Logic Inc., Zoho Corporation, LogDNA Inc., Logit. io Ltd., Paessler AG, XpoLog Ltd., Humio ApS, Anodot Ltd., Loom Systems Ltd., ChaosSearch Inc., Coralogix Ltd., Datadog Inc., Trend Micro Incorporated, Juniper Networks Inc, Dell Inc.
Table of Contents
1. Executive Summary
2. Log Management Market Report Structure
3. Log Management Market Trends And Strategies
4. Log Management Market – Macro Economic Scenario
5. Log Management Market Size And Growth
…..
27. Log Management Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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