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Global Log Management Market Forecast to 2028: Rising Spending in the Information and Communications Technology Sector will lead to Future Advancements in Log Management Systems - ResearchAndMarkets.comThe "Global Log Management Market Forecast to 2028 - COVID-19 Impact and Global Analysis by Component, Deployment, Organization Size, and Industry" report has been added to ResearchAndMarkets.com's offering. The Log Management Market size is expected to grow from US$ 2,036.46 million in 2020 to US$ 5,216.67 million by 2028. It is estimated to grow at a CAGR of 12.8% from 2021 to 2028. Banks in North American countries are acknowledging the importance of log management solutions and progressively adopting these solutions. A log management solution is used for real-time fraud detection in the banking, financial services, and insurance (BFSI) industry. Log management automates the detection of data anomalies and triggers actions to counter them. In June 2021, the Bank of America ramped up its cybersecurity spending to over US$ 1 billion per year as a series of sweeping cyberattacks. Therefore, the growing number of banking institutions results in increased threats of cyberattacks, consequently highlighting the need for log management market solutions. Various log management solution developers - including Sumo Logic; XPLG; LogRhythm, Inc.; Oracle; and SolarWinds Worldwide, LLC - have a presence in North America. These solution developers contribute to the growth of the North American log management market. Log management solutions are widely needed to detect such cyber threats. These solutions enable developers, IT operators, and security professionals to determine discrepancies in modern or advanced applications, thereby helping them improve software code quality. Also, advanced log management functionalities offer business insights, security analytics, and compliance benefits. For instance, LogRhythm have launched strategic partnership in Eastern Europe and the commonwealth of Independent States (CIS) to detect, investigate, and to neutralise cybersecurity threats in 2022, which offers advanced log management solutions. The major end users of the log management market include BFSI, IT & telecom, government, retail & e-commerce, healthcare, manufacturing, and enegy & utility. BFSI, IT & telecom, and government industries are increasingly investing in advanced technologies to ensure high quality & safety standards and comply with a rising number of government & industry regulations regarding these parameters. The major stakeholders in the global log management market ecosystem include log management solution providers, system integrators, and end users. With the rising demand for log management solutions for detecting advanced persistent threats (APTs) across the globe, the log management solution providers are also experiencing sustainable log management market growth opportunities. Some of the major solution providers are Alert Logic; Cisco Systems, Inc.; IBM Corporation; Datadog; LogRhythm, Inc.; Splunk, Inc.; ManageEngine; SolarWinds Worldwide, LLC; Sematext Group Inc.; and AT&T Inc. Key Topics Covered: 1. Introduction 1.1 Scope of the Study 1.2 Report Guidance 1.3 Market Segmentation 2. Key Takeaways 3. Research Methodology 3.1 Coverage 3.2 Secondary Research 3.3 Primary Research 4. Log Management Market Landscape 4.1 Market Overview 4.2 PEST Analysis 4.3 Ecosystem Analysis 4.4 Expert Opinion 5. Log Management Market - Key Market Dynamics 5.1 Market Drivers 5.1.1 Detection of Advanced Persistent Threats through Centralized Log Analysis 5.1.2 Growing Use of Cloud-Based Log Management Platform 5.2 Market Restraints 5.2.1 Availability of Open-Source Log Management Platform 5.3 Market Opportunities 5.3.1 Rising Surge in Integration of Artificial Intelligence and Machine Learning Technologies 5.4 Future Trends 5.4.1 Rising Spending in the Information and Communications Technology Sector will lead to Future Advancements in Log Management Systems 5.5 Impact Analysis of Drivers and Restraints 6. Log Management Market - Global Market Analysis 6.1 Global Log Management Market Overview 6.2 Global Log Management Market Forecast and Analysis 6.3 Market Positioning- Top Five Players 7. Log Management Market Analysis - By Component 7.1 Overview 7.2 Log Management Market, By Component (2020 and 2028) 7.3 Solutions 7.4 Services 8. Log Management Market Analysis - By Deployment 8.1 Overview 8.2 Log Management Market, By Deployment (2020 and 2028) 8.3 Cloud Based 8.4 On Premise 9. Log Management Market Analysis - By Organization Size 9.1 Overview 9.2 Log Management Market, By Organization Size (2020 and 2028) 9.3 Small and Medium-Sized Enterprises 9.4 Large Enterprises 10. Log Management Market Analysis - By Industry 10.1 Overview 10.2 Log Management Market, By Industry (2020 and 2028) 10.3 IT & Telecom 10.3.1 Overview 10.3.2 IT & TELECOM: Log Management Market Revenue and Forecast To 2028 (US$ Million) 10.4 BFSI 10.5 Healthcare 10.6 Retail & Ecommerce 10.7 Education 11. Log Management Market - Geographic Analysis 13. Industry Landscape 13.1 Market Initiative 13.2 Merger and Acquisition 13.3 New Development 14. Company Profiles
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