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Sales Of Log Management Are Expected To Exhibit A CAGR Of 11.7% By 2032

01-30-2023 02:01 PM CET | IT, New Media & Software

Press release from: Fact.MR

Sales Of Log Management Are Expected To Exhibit A CAGR Of 11.7%

The market size of log management augmented from US$ 2.3 Billion in 2021 to US$ 2.6 Billion in 2022. Commercialization of IT applications across various industry verticals is expected to propel market growth. The estimated Y-o-Y for the year 2021 to 2022 is 13.04%. By 2032, the absolute dollar growth of the log management market is anticipated to be US$ 5.2 Billion.

๐——๐—ผ๐˜„๐—ป๐—น๐—ผ๐—ฎ๐—ฑ ๐—™๐—ฟ๐—ฒ๐—ฒ ๐—ฆ๐—ฎ๐—บ๐—ฝ๐—น๐—ฒ ๐—–๐—ผ๐—ฝ๐˜† ๐—ผ๐—ณ ๐—ง๐—ต๐—ถ๐˜€ ๐—ฅ๐—ฒ๐—ฝ๐—ผ๐—ฟ๐˜:

The most important reason driving the log management market is the sophistication of cyberattacks, which is growing demand for log management for early cyberattack detection. Although 98% of cyberattacks rely on social engineering, hackers are breaking into the operation of cutting-edge technology like AI, ML, and analytics to increase the sophistication of cyberattacks. Such attacks, sadly, are difficult to identify and, even when they are, require a lot of work to resolve.

To combat the rising number of cyberattacks, government authorities have been in support of putting rules and regulations into place. The need for SIEM has therefore increased significantly as a result. Additionally, there is a noticeable increase in the use of cloud-based services, which has helped the industry grow.

Developing Countries' Presence and Initiatives to Adopt Modern Technologies to Boost the APAC Market

According to Fact.most MR's recent reports, APAC will be the fastest-growing market throughout the forecast year. The region's expansion can be linked to the region's growing use of mobile devices. China and Japan, for example, have implemented log management to safeguard their data. China is predicted to earn US$ 116.1 million, while Japan is expected to earn US$ 94 million during the forecast period of 2022 to 2032, according to Fact.MR.

๐—–๐—ผ๐—บ๐—ฝ๐—ฒ๐˜๐—ถ๐˜๐—ถ๐˜ƒ๐—ฒ ๐—Ÿ๐—ฎ๐—ป๐—ฑ๐˜€๐—ฐ๐—ฎ๐—ฝ๐—ฒ

Key players of the global log management market take various initiatives to strengthen their position in the market. Players focus on mergers and acquisitions, and also make significant investments in R&D activities to launch advanced products. Recent key developments in the market are:

โ€ข In February 2020, McAfee updated its MVISION solution by launching Unified Cloud Edge. It is a solution that protects organizations' data across the equipment, web, and the cloud; Cloud Native Infrastructure Security allows the enterprises in securing the entire infrastructure; a worldwide Managed Detection and Response (MDR) offering, and accelerated partner momentum.

โ€ข In Jan 2020, Micro Focus launched Voltage SmartCipher, an advanced solution that providers secure collaboration and simplifies unstructured data protection and management. The solution is integrated with necessary technological attributes for privacy and security.

๐—š๐—ฒ๐˜ ๐—–๐˜‚๐˜€๐˜๐—ผ๐—บ๐—ถ๐˜‡๐—ฎ๐˜๐—ถ๐—ผ๐—ป ๐—ผ๐—ป ๐˜๐—ต๐—ถ๐˜€ ๐—ฅ๐—ฒ๐—ฝ๐—ผ๐—ฟ๐˜:

๐—ž๐—ฒ๐˜† ๐—ฆ๐—ฒ๐—ด๐—บ๐—ฒ๐—ป๐˜๐˜€ ๐—ฃ๐—ฟ๐—ผ๐—ณ๐—ถ๐—น๐—ฒ๐—ฑ ๐—ถ๐—ป ๐˜๐—ต๐—ฒ ๐—š๐—น๐—ผ๐—ฏ๐—ฎ๐—น ๐—Ÿ๐—ผ๐—ด ๐— ๐—ฎ๐—ป๐—ฎ๐—ด๐—ฒ๐—บ๐—ฒ๐—ป๐˜ ๐— ๐—ฎ๐—ฟ๐—ธ๐—ฒ๐˜

Global Log Management Market by Component :

โ€ข Log Management by Solutions
โ€ข Log Management by Services

Global Log Management Market by Deployment Mode :

โ€ข Cloud-Based Log Management
โ€ข On-Premises Log Management

Global Log Management Market by Organization Size :

โ€ข Small and Medium Enterprises Log Management
โ€ข Large Enterprises Log Management

Global Log Management Market by Vertical :

โ€ข IT and ITeS
โ€ข Banking, Financial Services, And Insurance
โ€ข Healthcare
โ€ข Retail and Ecommerce
โ€ข Telecom
โ€ข Education
โ€ข Others

Global Log Management Market by Region :

โ€ข North America
โ€ข Europe
โ€ข Asia Pacific
โ€ข Middle East & Africa
โ€ข Latin America

๐—š๐—ฒ๐˜ ๐—™๐˜‚๐—น๐—น ๐—”๐—ฐ๐—ฐ๐—ฒ๐˜€๐˜€ ๐—ผ๐—ณ ๐—–๐—ผ๐—บ๐—ฝ๐—น๐—ฒ๐˜๐—ฒ ๐—ฅ๐—ฒ๐—ฝ๐—ผ๐—ฟ๐˜:

๐—•๐—ฒ๐—ป๐—ฒ๐—ณ๐—ถ๐˜๐˜€ ๐—ฟ๐—ฒ๐—ฝ๐—ผ๐—ฟ๐˜ ๐—ฎ๐—ป๐—ฑ ๐—ธ๐—ฒ๐˜† ๐—พ๐˜‚๐—ฒ๐˜€๐˜๐—ถ๐—ผ๐—ป๐˜€ ๐—ฎ๐—ป๐˜€๐˜„๐—ฒ๐—ฟ๐—ฒ๐—ฑ

โ€ข Log Management Company & Brand Share Analysis: The report offers brand share analysis in the Log Management market to offer a deeper dive into the competition. This is intended to assist companies in proactive long-term planning.

โ€ข Log Management Historical Volume Analysis: Factors that affected sales in the past are analyzed in detail. The report also offers a comparative analysis between the growth trajectory exhibited in 2017-2020 and 2021-2031.

โ€ข Log Management Segment and Category Level Analysis - To provide a comprehensive analysis, the market identifies the major segments and highlights the primary factors enabling growth in these categories.

โ€ข Log Management Consumption by Demographics: Demographic analysis is intended to provide recommendations to companies to help them create growth strategies around dynamic consumption patterns.

โ€ข Log Management Manufacturing Trend Analysis: Manufacturing trend analysis is the key aspect of the study. It offers vital data on the strategies adopted by market players to align their manufacturing strategies based on prevailing market trends

โ€ข Post-COVID consumer spending on Log Management: The survey offers a chapter dedicated to the analysis of post-COVID consumer behavior. Changes in your spending pattern are carefully analyzed to provide insight into the potential impact on your Log Management sales.

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About Fact.MR

We are a trusted research partner of 80% of fortune 1000 companies across the globe. We are consistently growing in the field of market research with more than 1000 reports published every year. The dedicated team of 400-plus analysts and consultants is committed to achieving the utmost level of our client's satisfaction.

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