Log Management Market Size Worth $5.21Bn, Globally, by 2028 at 12.8% CAGR - Exclusive Report by The Insight Partners
NEW YORK, May 5, 2022 /PRNewswire/ -- The Insight Partners published latest research study on "Log Management Market Forecast to 2028 - COVID-19 Impact and Global Analysis By Component (Solution and Services), Deployment (On Premise and Cloud Based), Organization Size (Small & Medium Enterprises and Large Enterprises), and Industry (IT and Telecom, BFSI, Healthcare, Education, Retail and Ecommerce, and Others)", the global log management market is expected to grow from $2.24 billion in 2021 to $5.21 billion by 2028; it is estimated to grow at a CAGR of 12.8% from 2021 to 2028.
The Sample Pages Showcases Content Structure and Nature of Information Included in This Research Study Which Presents A Qualitative and Quantitative Analysis: https://www.theinsightpartners.com/sample/TIPRE00006168/
The log management market growth is driven by the rising surge in integration of artificial intelligence and machine learning technologies, using a centralized log analysis system, due to the multiple benefits of the cloud-based log management platform, the adoption of the platform is increasing by large enterprises and small and medium enterprises (SMEs) for the early detection of cyberattacks.
Log Management Market: Competitive Landscape and Key Developments
Alert Logic; Cisco Systems, Inc.; IBM Corporation; Datadog; LogRhythm, Inc.; Splunk, Inc; ManageEngine; SolarWinds Worldwide, LLC; Sematext Group Inc.; and AT&T Inc are among the key players profiled during the study of the global log management market. Several other market players have been analyzed to understand the market and its ecosystem.
Schedule A Pre-Sale Discussion with The Author Team in A Slot That You Prefer to Address Queries on Scope of The Study, Customization, Introduction to Research Methodology, Assistance on Technologies and Market Definitions: https://www.theinsightpartners.com/inquiry/TIPRE00006168/
In February 2022, Asia was the top targeted region for cyberattacks as per IBM Security X-Force Threat Intelligence Index. IBM invested in a security operation center (SOC) and IBM Security Command Center, providing 24x7 security solutions to clients across the Asia Pacific region. This new cybersecurity hub will help Asia Pacific organizations with the early detection of threats.
In July 2021, Datadog announced its integration with the salesforce platform to enable secure customer experiences. Organizations nowadays are making use of salesforce to record critical information. Datadog will allow users to collect and analyze information about the actions performed.
Log management, also known as audit records, audit trails, and event logs, deals with enormous numbers of computer-generated log messages. Concerns regarding security, system and network operations, such as system or network administration, and regulatory compliance drive the demand for log management systems. Almost every computing equipment generates logs, which can be routed to various destinations on a local file system or a remote system. Users of log management can buy whole commercial products, develop their log management and intelligence tools from open-source components, or buy subsystems from commercial suppliers.
Centralized log management helps combine all log data in a single location in a standard format. As data arrives from many places, such as operating systems, apps, servers, and hosts, all inputs must be integrated and standardized before the company can provide useful insights. The analytical process is simplified by centralization, and data can be implemented quickly throughout the company. Organizations can rapidly notice and respond to irregularities by storing and linking data in a single location. Therefore, a centralized log management system improves data access and the organization's security capabilities.
Log Management Market: Component Segment Overview
Based on component, the market is bifurcated into solutions and services. In 2021, the solutions segment led the market and accounted for a larger market share.
Log Management Market: Deployment Segment Overview
Based on deployment, the market is bifurcated into on premise and cloud based. In 2021, the cloud based segment accounted for a larger log management market share.
Log Management Market: Organization Size Segment Overview
Log management market analysis by organization size, the market is bifurcated into small & medium enterprises and large enterprises. In 2021, the large enterprises segment led the market and accounted for a larger log management market share.
Log Management Market: Industry Segment Overview
Based on industry, the market is segmented into IT & telecom, BFSI, healthcare, education, retail & ecommerce, and others. In 2021, the IT & telecom segment led the market and accounted for the largest market share.
Have A 15-Minute-Long Discussion with The Lead Research Analyst and Author of The Report in A Time Slot Decided by You. You Will Be Briefed About the Contents of The Report and Queries Regarding the Scope of The Document Will Be Addressed as Well: https://www.theinsightpartners.com/speak-to-analyst/TIPRE00006168
Growing Use of Cloud-Based Log Management Platform:
With the digital transformation, cloud-based log management platforms are increasing due to their simple deployment and reduced deployment time and cost. Moreover, the internet infrastructure matured in developed countries and is flourishing in several developing countries, allowing end users to access the cloud-based platform. A few benefits of a cloud-based log management platform are the secure hosting of critical data, improved security and scalability, and quick recovery of files. The backups are stored on a private or shared cloud host platform. Therefore, organizations can quickly recover several critical data. Also, with a stable internet connection, the data can be easily accessed anywhere via secure logins.
Cloud-based log management platform also reduces repair and maintenance costs and enhances customer satisfaction. Therefore, due to the multiple benefits of the cloud-based log management platform, the platform's adoption is increasing by large enterprises and small and medium enterprises (SMEs) for the early detection of cyberattacks, which fuels the growth of the market. Furthermore, several companies worldwide, such as Devo Technology Inc.; IBM Corporation; Sumo Logic; and SolarWinds Worldwide, LLC, are adopting the cloud-based log management platform. Thus, the factor mentioned above is driving the log management market growth.
Impact of COVID-19 Pandemic on MEA Log Management Market:
Turkey, Iran, South Africa, Iraq, Israel, Saudi Arabia, and the UAE are some of the countries in the MEA, which had a large number of COVID-19 confirmed cases and deaths. The region comprises many growing economies, such as the UAE and Saudi Arabia, which are prospective markets for log management providers due to the huge presence of a diverse customer base for several industries. Currently, the Gulf countries are on the verge of adopting transformative digital technologies in various verticals to improve the socio-economic conditions of the countries. However, due to the COVID-19 outbreak, the implementation of stringent measures such as factory lockdowns, business shutdowns, and travel bans aggravated the economic problems of the countries in the MEA. Hence, the decline in the MEA's economic condition and the impact of COVID-19 on the growth of various industries in the region slightly impacted the log market growth in 2020.
Immediate Delivery of Our Off-The-Shelf Reports and Latest Research Studies, Through Flexible and Convenient Payment Methods: https://www.theinsightpartners.com/buy/TIPRE00006168/
As per log management market analysis in 2021, the manufacturing business resumed with the government's release of lockdown restrictions and ease of taxation. Further, in November 2021, the Sheikh Khalifa bin Zayed Al Nahyan, the President of the UAE, approved a reform of the country's legal system to strengthen economic, investment, and commercial opportunities and, maximize social stability security, and ensure the rights of both individuals and institutions.
The log management market size before the COVID-19 pandemic was US$ 1,864.69 million in 2019. The market size during the pandemic was US$ 2,036.46 million in 2020. Furthermore, in 2021, the log management market size was at US$ 2,246.12 million. Therefore, the overall impact of the COVID-19 pandemic on the market was positive in 2021.
Browse Adjoining Reports:
Log Management Software Market Forecast to 2028 - COVID-19 Impact and Global Analysis By Component (Solution, Services); Industry Vertical (BFSI, Government, Healthcare, IT and Telecom, Others) and Geography
Machine Learning Market to 2025 - Global Analysis and Forecasts by Services (Human Resource, E-Commerce, Finance and Accounting, Customer Care. Sales & Marketing, and Others); and Vertical (BFSI, Telecom & IT, Healthcare, Automotive, Manufacturing, Food and Beverage, Power & Energy, Consumer Electronics, and Others)
Conversational AI Market Forecast to 2028 - COVID-19 Impact and Global Analysis By Component (Platform, Services); Type (Intelligent Virtual Assistants, Chatbots); Technology (Machine Learning and Deep Learning, Natural Language Processing, Automated Speech Recognition); Deployment Type (Cloud, On-Premise); Application (Customer Support, Branding and Advertisement, Customer Engagement and Retention, Onboarding and Employee Engagement, Data Privacy and Compliance, Others); Industry (BFSI, Retail and E commerce, Healthcare and Life Sciences, Travel and Hospitality, IT and Telecom, Media and Entertainment, Others) and Geography
Machine Learning as a Service Market Forecast to 2028 - Covid-19 Impact and Global Analysis - by Service Type (Professional Service, Managed Service); Offerings (Hardware, Software); End-user Industry (IT and Telecom, Manufacturing, Energy and Power, Others) and Geography
Artificial Intelligence and Machine Learning in IoT Market Forecast to 2028 - Covid-19 Impact and Global Analysis - by Application and Geography
AI-Enabled Testing Tools Market Forecast to 2028 - COVID-19 Impact and Global Analysis By Component (Solution, Service); Technology (Machine Learning and Pattern Recognition, Natural Language Processing (NLP), Computer Vision and Image Processing); Application (Test and Maintenance Case Generation, Coverage and Risk Analytics, Infrastructure Optimization, Data Analytics, Others) and Geography
Threat Intelligence Market Forecast to 2028 - Covid-19 Impact and Global Analysis - by Solution (Log Management, Security Information and Event Management, Risk Management, Identity and Access Management, Security and Vulnerability Management and Incident Forensics), Deployment (Cloud and On-Premise) and Industry (BFSI, Government, Healthcare, IT & Telecom, Transportation, Retail and Manufacturing)
Managed Security Services Market Forecast to 2025 – Global Analysis – by Service Type (Threat Management, Vulnerability Management, Log Management, Compliance Management, and SIEM), Threat Management Type (Managed Firewall, Managed IDS/IPS, Managed VPN, Managed Anti-Virus and Malware, Managed Gateway Security, Managed IAM, Managed DLP, Others), Deployment Type (Hosted MMS and CPE MMS), Enterprise Size (Large Enterprises and SMEs), and Verticals (IT and Telecom, Retail, BFSI, Healthcare, Government, Manufacturing, Energy & Utility, Media, and Others)
User Activity Monitoring Market Forecast to 2028 - COVID-19 Impact and Global Analysis by Component (Solution, Services); Technology Type (Behavior Analytics, Log Management, Auditing and Reporting, Others); Deployment Mode (On-premises, Cloud); Organization Size (Small and Medium-sized Enterprises, Large Enterprises); Application (System monitoring, Application Monitoring, File Monitoring, Network Monitoring, Database Monitoring); Vertical (Government and Defense, BFSI, IT and Telecom, Healthcare, Retail, Manufacturing, Energy and Utilities, Others) and Geography
Contact Center Analytics Market Forecast to 2028 - COVID-19 Impact and Global Analysis by Component (Software, Services); Deployment Model (On-Premises, Cloud); Organization Size (Large Enterprises, Small and Medium-Sized Enterprises); Application (Automatic Call Distributor, Log Management, Risk and Compliance Management, Real-Time Monitoring and Reporting, Workforce Optimization, Customer Experience Management, Others); Industry Vertical (Healthcare and Life sciences, BFSI, Manufacturing, Retail and Consumer Goods, Telecom and IT, Energy and Utilities, Government and Defense, Others) and Geography
IT Operations Management Market Forecast to 2028 - COVID-19 Impact and Global Analysis By Type (Predictive Analytics, Visual Analytics, Root Cause Analytics, Behavior Analytics); Application (Asset Performance Management, Network Management, Security Management, Log Management); Deployment Type (On-Premise, Cloud Based) and Geography
The Insight Partners is a one stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We specialize in industries such as Semiconductor and Electronics, Aerospace and Defense, Automotive and Transportation, Biotechnology, Healthcare IT, Manufacturing and Construction, Medical Device, Technology, Media and Telecommunications, Chemicals and Materials.
Contact Person: Sameer Joshi