Log Management Market Size - Industry Share Report 2022

Log Management Market Size, Share, Price | Industry Report 2022 Market Research Report to It’s a Database.

Get sample copy of This Report @ https://goo.gl/15s72D

“Increasing Advanced Persistent Threats (APTs) is expected to drive the log management market.”

The log management market size is expected to grow from USD 707 million in 2017 to USD 1,248.9 million by 2022, at a Compound Annual Growth Rate (CAGR) of 12.1%. The log management market is driven by various factors, such as increasing APTs, strong regulation and compliance requirements, and increasing network complexities, and growth in the number of network devices. However, easy availability of free and open-source log management solutions may restrict the log management market’s growth.

“Managed services segment is expected to grow at the highest CAGR during the forecast period.”

Managed services are used to decrease operational overhead and risks, and they also help to manage the network operational processes by reducing the complexities of networked infrastructure. Additionally, a major trend influencing the log management market is the complexity of advanced technologies, such as IoT infrastructure and operating system. Due to this complexity, users need guidance and therefore, consulting and managed services are expected to witness a high growth in the upcoming years.

“The Banking, Financial Services, and Insurance(BFSI) vertical is expected to have the largest share in the log management market in 2017.”

The BFSI vertical is expected to have the largest market size during the forecast period. Banks are highly susceptible to cyber-attacks and security threats because of their multi-channel distributed nature, and the fact that they are the richest source of identities and provide direct access to monetary assets. Due to the early adoption of IoT applications, the BYOD trend, and growing usage of we band mobile applications for banking transactions and payments, the market for log management in the BFSI vertical is dominating the market.

“Asia Pacific (APAC) is expected to have the highest growth rate during the forecast period.”

APAC includes emerging economies, such as China, Australia, Singapore, and India, which are rapidly deploying log management solutions. APAC is expected to grow at the highest CAGR during the forecast period. This is mainly due to the increasing adoption of IoT and BYOD trends in many industry verticals, such as BFSI, government, Information Technology (IT) and telecom, healthcare, and retail. Furthermore, North America is expected to have the largest market size in 2017.

In-depth interviews were conducted with Chief Executive Officers (CEOs), marketing directors, innovation and technology directors, and executives of various key organizations operating in the log management market.

• By Company: Tier 1: 50%, Tier 2: 30%, and Tier 3: 20%
• By Designation: C-Level: 60%, Director Level: 20%, and Others: 20%
• By Region: North America: 15%, Europe: 15%, APAC: 40%, and RoW: 30%

Request for discount of This Report @ https://goo.gl/922AVY

Key players include:

• Intel Security
• Solarwinds Worldwide, LLC
• Splunk, Inc.
• Logrhythm, Inc.
• Alert Logic, Inc.
• Loggly, Inc.
• Alienvault, Inc.
• Veriato, Inc.
• Blackstratus
• Rapid7, Inc. (Logentries)
• Sematext Group, Inc.

Research Coverage:

The report covers log management services across different verticals and regions. It aims at estimating the market size and future growth potential of this market across different segments, such as component (solution and services), deployment mode, organization size, vertical, and region. Furthermore, the report also includes an in-depth competitive analysis of the key players in the market, along with their company profiles, key observations related to product and business offerings, recent developments, and key market strategies.

About RnRMarketResearch :

RnRMarketResearch.com is your single source for all market research needs. Our database includes 500,000+ market research reports from over 100+ leading global publishers & in-depth market research studies of over 5000 micro markets. With comprehensive information about the publishers and the industries for which they publish market research reports, we help you in your purchase decision by mapping your information needs with our huge collection of reports.

Contact Us :

RnR Market Research
Corporate Headquarters
2nd floor, metropole,
Next to inox theatre,
Bund garden road, Pune-411001.
+ 1 888 391 5441
sales@rnrmarketresearch.com

This release was published on openPR.