Log Management Market worth $4.1 billion by 2026 - Exclusive Report by MarketsandMarkets™

CHICAGO, Sept. 27, 2021 /PRNewswire/ -- According to a new market research report "Log Management Market by Component (Solution and Services), Organization Size (Large Enterprises and SMEs), Deployment Mode (Cloud and On-premises), Vertical (IT and ITeS, BFSI, Healthcare, Telecom, and Education), and Region - Global Forecast to 2026", published by MarketsandMarkets™, the Log Management Market size is expected to grow from USD 2.3 billion in 2021 to USD 4.1 billion by 2026, at a Compound Annual Growth Rate (CAGR) of 11.9% from 2021 to 2026.

Increasing sophistication of cyberattacks necessitating log management for early detection of cyberattacks, presence of stringent government regulations and compliances, and generation of large data due to increased dependence on IT infrastructure to boost the growth of Log Management Market across the globe during the forecast period. Moreover, rising demand for business intelligence, rising trend of cloud-based log management practices, and integration of technologies such as predictive analytics, AI, ML into log management would provide lucrative opportunities for Log Management Market vendors.

Browse in-depth TOC on "Log Management Market"

336 – Tables
41 – Figures
242 – Pages

Ask for Report Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=66937877

By deployment mode, cloud based segment to hold the largest market size during the forecast period

To reduce the cost and complexity of the security process and to ensure compliance with external and internal requirements, effective management of log data is essential. Cloud-based log management helps businesses to cost-effectively collect, normalize, and report on enterprise-wide security-related data necessary for compliance and security investigations. Cloud-based log management services accelerate search and analysis to help clients quickly identify errors and determine root causes for faster troubleshooting. According to Loggly, cloud-based log management and analytics service are easy to set up without any complex configuration requirements. Cloud-based log management seamlessly aggregates structured and unstructured logs in a centralized repository that offers better visibility across distributed security environments and allows clients to manage all logs from a single screen. Cloud-based deployment of log management solutions and services is expected to witness increased adoption during the forecast period.

In vertical, telecom to grow at the highest CAGR during the forecast period

With a tremendous surge in mobile data usage and a shift in the telecom industry from voice to data, log management is becoming a necessity for all telecom service providers. To safeguard the public from threats, such as cybercrimes, cyber bullying, cyber terrorism, and to help Law Enforcement Agencies (LEAs) with their investigations, regulatory authorities across the globe have recommended telecom and internet service providers to gather traffic information of their users, which may help LEAs with their investigations. This is necessitating the demand for efficient log management solutions and services, as telecom service providers need an efficient log management system in their network that complies with government norms by gathering and managing the online logs of the subscribers as per government regulations.

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

In region, APAC to grow at the highest CAGR during the forecast period

APAC has been one of the fastest-growing markets in terms of mobile workforce expansion, propagated with the rising adoption of mobile devices in this region. Countries in APAC such as Australia, China, and Japan have widely adopted log management to protect data from being stolen. According to research, APAC leads to adopting advanced technologies. Developing countries such as India are moving toward the rapid digitalization of processes by different initiatives taken by governments, such as Digital India, and the increased use of mobile applications and web-based applications across sectors, such as BFSI, retail, and IT. According to Sophos, organizations in APAC state that they are becoming more mature with cybersecurity, but they continue to be hit by several attacks; for instance, the company observed 56% of organizations suffering from a successful attack in 2021, up from 32% in 2019. According to the Malware bytes State of Malware report 2019, Asian countries, such as Australia, the Philippines, Indonesia, India, Thailand, and Malaysia, are more susceptible to malware infections, such as crypto mining, backdoors, and information thefts.

Major vendors in the global Log Management Market include IBM (US), Splunk (US), Solarwinds (US), Rapid7 (US), Micro Focus (US), RSA (US), McAfee (US), Alert Logic (US), Manage Engine (US), LogRhythm (US), Sumo Logic (US), BlackStratus (US), LogDNA (US), Logit.io (UK), Paessler AG (Germany), Sematext (US), Xpolog (US), Humio (UK), Logz.io (Israel), Anodot (US), Loom Systems (US), Chaos Search (US), Coralogix (US), Datadog (US).

Browse Adjacent Markets: Information Security Market Research Reports & Consulting

Related Reports:

Security Information and Event Management Market by Component, Application, Deployment Mode, Organization Size, Vertical (Information, Finance and Insurance, Healthcare and Social Assistance, Utilities), and Region - Global Forecast to 2025

https://www.marketsandmarkets.com/Market-Reports/security-information-event-management-market-183343191.html

Security as a Service Market by Component (Solution and Service), Application Area (Network Security, Endpoint Security, Application Security, and Cloud), Organization Size, Vertical, and Region - Global Forecast to 2025

https://www.marketsandmarkets.com/Market-Reports/security-as-a-service-market-132531603.html

About MarketsandMarkets™ 

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies' revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets's flagship competitive intelligence and market research platform, "Knowledge Store" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

Contact:

Mr. Aashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road 
Suite 430
Northbrook, IL 60062
USA: +1-888-600-6441
Email: [email protected]
Research Insight:https://www.marketsandmarkets.com/ResearchInsight/log-management-market.asp 
Visit Our Website: https://www.marketsandmarkets.com
Content Source:https://www.marketsandmarkets.com/PressReleases/log-management.asp

SOURCE MarketsandMarkets