Log Management Global Market to Reach $3.43 Billion by 2026 at a CAGR of 13.13%

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Aug 24, 2022, 12:00 ET

DUBLIN, Aug. 24, 2022 /PRNewswire/ -- The "Log Management Global Market Report 2022" report has been added to ResearchAndMarkets.com's offering.

The global log management market is expected to grow from $1.83 billion in 2021 to $2.09 billion in 2022 at a compound annual growth rate (CAGR) of 14.48%. The change in growth trend is mainly due to the companies stabilizing their output after catering to the demand that grew exponentially during the COVID-19 pandemic in 2020. The market is expected to reach $3.43 billion in 2026 at a CAGR of 13.13%.

The log management market consists of sales of log management services by entities (organizations, sole traders, and partnerships) that comprise an approach to dealing with large volumes of computer-generated log messages. A log is a file generated through computer that catches activity inside the software applications or operating system. Log management is the technique of continuously acquiring, storing, processing, synthesizing, and analyzing data from various programs and applications to optimize system efficiency, uncover technical faults, better manage resources, reinforce security, and improve compliance.

The main components of log management market are solution and services. The log management solutions gathers, sort and stores log data and event logs from a variety of sources in one centralized location, which can be used to create a single point of access to all essential network and application data.

The different log management deployment methods include cloud and on-premise for different enterprise sizes including large enterprises and small and medium enterprises. The various industry verticals using log management include 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) and others.

North America was the largest region in the log management market in 2021. The regions covered in this report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

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 of economic growth, national security, and international competitiveness. The improving internet accessibility and increasing digital footprints over the internet have contributed to 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 of the log management market during the forecast period.

Major players in the log management market are undergoing strategic agreements like partnerships, and collaborations to develop new products and expand the existing product offerings. For instance, in February 2020, US-based cybersecurity platform, Keeper Security, and US-based security intelligence company, LogRhythm, announced the joint agreement to integrate Keeper Security's vast password event data into LogRhythm's security information and event management (SIEM) platform to create a holistic view of a threat environment, allowing enterprises to more closely monitor threats and take rapid action to mitigate them.

Scope
Markets Covered:

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); Others

Key Topics Covered:

1. Executive Summary

2. Log Management Market Characteristics

3. Log Management Market Trends And Strategies

4. Impact Of COVID-19 On Log Management

5. Log Management Market Size And Growth

6. Log Management Market Segmentation

7. Log Management Market Regional And Country Analysis

8. Asia-Pacific Log Management Market

9. China Log Management Market

10. India Log Management Market

11. Japan Log Management Market

12. Australia Log Management Market

13. Indonesia Log Management Market

14. South Korea Log Management Market

15. Western Europe Log Management Market

16. UK Log Management Market

17. Germany Log Management Market

18. France Log Management Market

19. Eastern Europe Log Management Market

20. Russia Log Management Market

21. North America Log Management Market

22. USA Log Management Market

23. South America Log Management Market

24. Brazil Log Management Market

25. Middle East Log Management Market

26. Africa Log Management Market

27. Log Management Market Competitive Landscape And Company Profiles

28. Key Mergers And Acquisitions In The Log Management Market

29. Log Management Market Future Outlook and Potential Analysis

30. Appendix

Companies Mentioned