Global Log Management Market Projected to Reach USD 4 Billion by 2026

30-Mar-2020 | Facts and Factors

Findings from Facts and Factors report “Log Management Market By Component (Solution and Services), By Organization Size [Small and Medium-Sized Enterprises (SMEs) and Large Enterprises], By Deployment Model (On-Premises and Cloud), By End-User (IT and ITeS, BFSI, Healthcare, Retail and eCommerce, Telecom, Education, and Others), And By Region: Global Industry Outlook, Market Size, Business Intelligence, Consumer Preferences, Statistical Surveys, Comprehensive Analysis, Historical Developments, Current Trends, and Forecasts, 2020–2026” states that the global log management market in 2019 was over USD 1.5 Billion. The market is expected to grow at a CAGR of around 15% and is anticipated to surpass USD 4 Billion by 2026.

Log management is an approach to strategically organize the automatedly-generated log messages stored in PC. Log management is a multistep process involving log collection, accumulation of gathered log, storage & maintenance of stockpiled log, log pivot, and analysis of log, along with the precise search of log located within the huge dataset. A growing need for the secure storage & rapid extraction of information from the bulk log data along with the increased incorporation of IT services for managing log files is likely to propel the global log management market in the coming years. However, the sophistication of the log management systems, overpriced services, and time-sapping procedures are some of the factors hampering the global log management market growth.

Browse the full “Log Management Market By Component (Solution and Services), By Organization Size [Small and Medium-Sized Enterprises (SMEs) and Large Enterprises], By Deployment Model (On-Premises and Cloud), By End-User (IT and ITeS, BFSI, Healthcare, Retail and eCommerce, Telecom, Education, and Others), And By Region: Global Industry Outlook, Market Size, Business Intelligence, Consumer Preferences, Statistical Surveys, Comprehensive Analysis, Historical Developments, Current Trends, and Forecasts, 2020–2026" https://www.fnfresearch.com/global-log-management-market-by-component-solution-and-1007

The “solutions” category is likely to drive the component-segmented global market in the next few years

The component segment bifurcates the global log management market into solutions and services. Log management solutions are anticipated to grab the leading position in the market, as these solutions can be implemented in a firm/industry to monitor several types of events for managing either application logs, system logs, or security logs. Such types of events generally deliver an error, alert, success audit, and failure audit-related information.

The “cloud” category of the deployment model segment will witness remarkable growth during the study timeframe

Most of the small and medium-sized enterprises (SMEs) are readily switching their on-premises based platform to cloud-based platform, owing to the effortless maintenance and cost-effectiveness of cloud-based platforms. In a cloud platform, the enterprises do not need to establish distinct storage, hardware, and software systems along with the technical staff. However, the cloud platform offers an integrated system in the form of SaaS (Software-as-a-service) to store and protect business applications. Moreover, the SMEs can easily upgrade cloud platform without services halt and any sort of major replacements in hardware.

Report Scope

Some of the key players driving the global log management market are LogRhythm, Rapid7, ManageEngine, Paessler AG, XpoLog, McAfee, BlackStratus, Logz.io, RSA, Humio, Micro Focus, Sumo Logic, LogDNA, SolarWinds, Alert Logic, Graylog, Splunk, IBM, and Sematext Group, among others.

This report segments the global log management market as follows:

Global Log Management Market: Component Segmentation Analysis

• Solution
• Services
  • Professional services
  • Managed services

Global Log Management Market: Organization Size Segmentation Analysis

• Small and Medium-sized Enterprises (SMEs)
• Large Enterprises

Global Log Management Market: Deployment Model Segmentation Analysis

• Cloud
• On-premises

Global Log Management Market: End-User Segmentation Analysis

• IT and ITeS
• BFSI
• Healthcare
• Retail
• Education
• Telecom
• Others

Global Log Management Market: Regional Segmentation Analysis

• North America
  • The U.S.
  • Canada
• Europe
  • Germany
  • The UK
  • France
  • Spain
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa

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