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.
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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 major growth drivers of the market include increasing Advanced Persistent Threats (APTs), strong regulation and compliance requirements, and increasing network complexities, and growth in the number of network devices.
The log management market is segmented by component (solution and services), deployment mode, organization size, vertical, and region.
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The reason behind the high growth rate is the increased need to secure IT infrastructures from advanced cyber-attacks, such as, zero day attacks, ransomwares, and malwares.
The Banking, Financial Services, and Insurance (BFSI) vertical is expected to contribute the largest market share in the log management market. This growth in the BFSI vertical can be attributed to the increasing usage of mobile devices and IoT applications for banking and payments.
The government and public utilities vertical is expected grow at the highest CAGR during the forecast period as these organizations are involved with data and information of a critical nature, which makes them an obvious target for cybercriminals. This data might be related to a small project or might be of national importance.
Therefore, higher adoptions of log management solutions are being observed in the government and public utilities vertical in the recent times.
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%
Key Points From Table Of Content:
12 Company Profiles
12.1 International Business Machines Corporation
12.2 Intel Security
12.3 Solarwinds Worldwide, LLC
12.4 Splunk, Inc.
12.5 Logrhythm, Inc.
12.6 Alert Logic, Inc.
12.7 Loggly, Inc.
12.8 Alienvault, Inc.
12.9 Veriato, Inc.
12.11 Rapid7, Inc. (Logentries)
12.12 Sematext Group, Inc.
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