Press release
Log Management Market to Witness Huge Growth in 2024 Key Player Analysis: Dell, IBM, Trend Micro, Juniper Networks, Cisco, Symantec, Intel, Solar Winds Worldwide, Splunk, Log Rhythm, Alert Logic, Loggly, Alien Vault, Veria, Black Stratus
Global Market Insights
Log Management Market size is expected to grow at a significant rate over the future owing to its ability to offer enhanced security by identifying security breaches in an organization. It is the process of collection and administration of data generation processes, which helps in the transmission, analysis, and storage of log data in systems and also deals with a large amount of computer-generated log data. The log management market is providing a variety of services such as log collection, log rotation, log analysis, log search, and reporting.
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Top Key Players: -
Some of the key players in the log management market include Dell, IBM, Trend Micro, Inc., Juniper Networks, Cisco, Symantec, Intel, Solar Winds Worldwide, LLC, Splunk, Inc., Log Rhythm, Inc., Alert Logic, Loggly, Inc., Alien Vault, Veria, Inc., and Black Stratus, Inc. These players are investing huge funds in R&D and are coming up with innovative technologies and new products to maintain their position in the log management market.
Market share calculation in this report is not done based on companies covered in it. The calculation of Log Management Market share is done based on a regional approach and countries covered. On request, additional companies can be covered as well as regional data for particular country / countries can be provided.
Regional Segmentations: -
Asia Pacific industry is expected to grow on a large-scale. Emerging economies in this region are adopting log management systems on a large-scale. The growing demand due to increasing population and availability of labor at minimal costs are the main reasons behind the increasing industry share in countries such as India, China, and Singapore for the log management market.
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Moreover, managing of services is helping in decreasing work risks and in handling the network operational processes by combating the difficulties involved in the infrastructure of the systems. The log management market is facing complexity in the integration of IoT and operating systems. To overcome this complexity, the users require training thereby providing an impetus to consulting services, which is expected to witness a substantial growth over the forecast time span. Log management market is also being used to produce technical information to help in detecting and solving various bugs present in the system and examining new features in the development phase.
End users in the log management market include various retail firms, telecommunication departments, healthcare industries, government administrations, and BFSI providers. The BFSI providers are expected to have a large market share over the forecast timeline. Banks are liable for cybercrimes and security issues. Banks, as well as financial service providers, are relying on the log data for preventing fraud and to make sure various activities occurring on the network meet the necessary regulatory requirements. Increasing usage of IoT devices, BYOD concept, and a growing usage of mobile apps for banking payments are offering ample opportunities for the BFSI segment’s growth in the industry.
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