Log Management Market Trends and Forecastp

Log Management Market Trends and
Forecast 2019-2022

In-depth study on Log Management
Market by MarketsandMarkets™ provides broad
analysis on the basis of growth, applications and key players which is useful
for better decision making.

According to a new
market research report "Log Management Market by Component (Solution and Services), Deployment Mode
(Cloud and On-Premises), Organization Size, Vertical, and Region - Global
Forecast to 2022" published by
MarketsandMarkets™, the Log Management Market size expected to grow from $707
Million in 2017 to USD 1248.9 Million by 2022, at a Compound Annual Growth Rate
(CAGR) of 12.1%.

Browse in-depth TOC on "Log Management Market”

47- Tables

52- Figures

134- Pages

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Log management software
help enterprises to improve security and regulatory compliance. Every computing
device in an organization generates hundreds of gigabytes of logs per day. This
huge set of event logs is monitored by the log management platform to identify
security breaches and maintain continuous security within organizations. The
platform protects networks, endpoints, and devices from various malicious
attacks, sophisticated cybercriminals, ransomwares, and Advanced Persistent
Threats (APTs). With the implementation of log management platforms, public and
private organizations can prevent security threats, cut down business costs,
and enhance the information security infrastructure. Therefore, enterprises are
deploying advanced log management solutions and services to secure networks and
endpoints from cyber threats.

“Solution segment is
expected to have the largest share in the Log Management Market in 2017.”

The solution segment is
expected to have the largest market share and dominate the Log Management
Market from 2017 to 2022. The major reason for the high adoption of log
management solutions is the increased usage of advanced technologies, and web
and cloud applications within organizations. However, these applications might
contain malicious activities, which may cause significant data loss. Log
management solutions help to minimize the loss of data through regular control
and monitoring of computer generated logs and events.

“The government and
public utilities vertical is expected to grow at the highest CAGR in the Log
Management Market.”

The Banking, Financial
Services, and Insurance (BFSI) vertical is expected to contribute the largest
market share in the Log Management Market. This growth in the BFSI vertical can
be attributed to the increasing usage of mobile devices and IoT applications
for banking and payments. The government and public utilities vertical is
expected grow at the highest CAGR during the forecast period as these
organizations are involved with data and information of a critical nature,
which makes them an obvious target for cybercriminals. This data might be
related to a small project or might be of national importance. Therefore,
higher adoptions of log management solutions are being observed in the
government and public utilities vertical in the recent times.

“North America is
expected to contribute the largest market share, whereas Asia Pacific (APAC) is
projected to grow at the highest CAGR.”

North America is expected
to have the largest market share and dominate the Log Management Market from
2017 to 2022, due to the presence of a large number of log management vendors
across this region. APAC, on the other hand, offers potential growth
opportunities in the Log Management Market, as there is a wide presence of
Small and Medium Enterprises (SMEs) in this region who are turning toward log
management services to defend against APTs.

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to Research Expert @ https://www.marketsandmarkets.com/speaktoanalystNew.asp?id=66937877

The major vendors in the Log
Management Market include IBM Corporation (New York, US), Intel Security
(California, US), SolarWinds Worldwide, LLC (Texas, US), Splunk Inc.
(California, US), LogRhythm, Inc. (Colorado, US), Alert Logic (Texas, US),
Loggly, Inc. (California, US), AlienVault (California, US), Veriato, Inc.
(California, US), and Blackstratus, Inc. (Palm Beach, US).

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