IT Event and Log Management Market to see Huge Growth by 2028

The global IT event and log management market is anticipated to grow at a CAGR of 11.2% during the forecast period. The key factor contributing to the market growth include the growing number of new product launches and development by market players such as IBM, Micro Focus, and Vonage, among others to expand their portfolio and global presence in order to remain completive in the market. For instance-

• In September 2021, Progress released Progress WhatsUp Gold, network monitoring software., the product includes improved usability and security with support for log management archiving along with extended support for OpenID Connect, Microsoft Edge, and Cisco Meraki wireless devices. Further, through this, the company is able to expand its portfolio by including log management archiving, which allows businesses to easily find, archive, and retrieve all log sourcesfrom network devices to servers, operating systems, applications, and more.

• In August 2020, Micro Focus announced launch of ArcSight 2020. featuring a new unified layered analytics platform and user interface that simplifies holistic threat detection. The latest version of ArcSight provides Security Operation Centers (SOCs) including an end-to-end intelligent enterprise security operations platform while reducing resource drain. ArcSight enables SOCs to intelligently adapt their organizations due to rapidly increasing threats and cyber attacks by providing real-time detection, behavioral analytics, and advanced threat hunting and log management capabilities.

• In august 2022, Vonage collaborated with Log Build for integrating the Vonage Video API into the Log Build software. Through this software, the company is able to connect with carpenters, and other tradespeople via highly reliable, interactive live video calls, enabling them to reduce time and expenses.

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Market Coverage

• The market number available for - 2021-2028

• Base year- 2021

• Forecast period- 2022-2028

Segment Covered-

· By Component

· By Deployment Mode

· By End-User

Regions Covered-

• North America

• Europe

• Asia-Pacific

• Rest of the World

• Competitive LandscapeDatadog Inc., IBM, Micro Focus, Solar Winds, Sumo Logic Inc., Alert Logic, Inc., ChaosSearch Inc., and others.

A full Report of IT Event and Log Management Market is Available @ https://www.omrglobal.com/industry-reports/it-event-and-log-management-market

IT Event and Log Management Market Report Segment

By Component

• Solution

• Services

By Deployment Mode

• Cloud

• On premises

By End-User

• IT and Telecom BFSI

• Healthcare

• Education

IT Event and Log Management Market Report by Region

North America

· United States

· Canada

Europe

· UK

· Germany

· Spain

· France

· Italy

· Rest of Europe

Asia-Pacific

· India

· China

· Japan

· South Korea

· Rest of APAC

Rest of the World

• Latin America

• Middle East and Africa

Company Profiles

• Alert Logic, Inc.

• ChaosSearch Inc.

• Coralogix Ltd

• CrowdStrike, Inc.

• Graylog, Inc

• LogRhythm, Inc.

• Logs Hero Ltd.

• Loom Systems Ltd.

• McAfee LLC

• Rapid7

• RSA

• Sematext Group, Inc.

• Splunk Inc

• Veriato Inc.

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