Overview and Scope
Log management is the continuous collection, storage, processing, aggregation, and analysis of data from various programs and applications to optimize system performance, identify technical problems, better resource management, enhance security, and improve compliance.
Sizing and Forecast
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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Segmentation & Regional Insights
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
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
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Major Driver Impacting Market Growth
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.
Key Industry Players
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.
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
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31. Global Log Management Market Competitive Benchmarking
32. Global Log Management Market Competitive Dashboard
33. Key Mergers And Acquisitions In The Log Management Market
34. Log Management Market Future Outlook and Potential Analysis
35. Appendix
Top Major Players:
International Business Machines Corporation
SolarWinds Corporation
Rapid7 Inc.
McAfee LLC
Alert Logic Inc
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