Global Log Management Market, By Geography; Component (Solutions, Services); Organization size (Large Enterprises, Small & Medium-sized Enterprises (SMEs)); Deployment Model (On-Premises, and Cloud); Vertical (Banking, Financial Services, and Insurance, Energy and Utilities, Government and Public Utilities, Healthcare, IT and Telecom, and Retail) – Industry Trends and Forecast to 2024
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According to a new report published by Data Bridge Market Research, titled, Global Log Management Market – Industry Trends and Forecast to 2024, the global log management market accounted for USD 587.63 billion in 2016 growing at a CAGR of 13.5% during the forecast period of 2017 to 2024. The upcoming market report contains data for historic year 2014, 2015, the base year of calculation is 2016 and the forecast period is 2017 to 2024.
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Log management Market is the collective processes and policies which are used to facilitate the generation, transmission, analysis, and ultimate disposal of the large volumes of log data created within an information system. It has found useful in tracking employees’ action, connect each area of an organization.
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Increasing network complexity and number of network devices may act a major driver in the growth on log management market. On the other hand management of a huge amount of data may hinder the market.
It has its wide application in banking, financial services, and insurance, energy and utilities, government and public utilities, healthcare, IT and telecom, retail, and others.
Major Market Drivers & Restraints:
- Increasing Network Complexity and Number of Network Devices
- Strong Regulation and Compliance Requirements
- Increasing APTS
- Management of A Huge Amount of Data
- Lack of A Standard Log Format
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Market Segmentation: Global Log Management Market
The global log management market is segmented on the basis of component into solutions and, services. The services segment is further sub segmented into professional services and managed service.
The professional services segment is further sub segmented into support and maintenance, training and education, and consulting.
On the basis of organization size, the global log management market is segmented into large enterprises, and small & medium-sized enterprises (SMES).
On the basis of deployment model, the global log management market is segmented into on-premises, and cloud.
On the basis of vertical, the global log management market into banking, financial services, and insurance, energy and utilities, government and public utilities, healthcare, it and telecom, retail, and others.
On the basis of geography, the global log management market report covers data points for 28 countries across multiple geographies such as North America, South America, Europe, Asia-Pacific, and Middle East & Africa. Some of the major countries covered in this report are U.S., Canada, Germany, France, U.K., Netherlands, Switzerland, Turkey, Russia, China, India, South Korea, Japan, Australia, Singapore, Saudi Arabia, South Africa, and Brazil among others.
In 2017, North America is expected to dominate the market.
Company Share Analysis: Global Log Management Market
The report for global log management market include detailed vendor level analysis for market shares in 2016 for Global, North America, Europe, Asia Pacific, Middle East and Africa and South America specifically. Also impact and development analysis of key vendors is registered in the market and factored on the basis of Vendor Positioning Grid Analysis which measures the vendors strengths and opportunities against present market challenges, measure providers ability to identify or satisfy present market needs, map providers market vision to current and upcoming market dynamics among others.
The report also measures technology life line curve and market time line to analyze and do more affective investments.
Major Market Competitors: Global Log Management Market
Some of the major players of the global log management market are IBM Corporation, Intel Security, SolarWinds Worldwide, LLC, Splunk Inc., LogRhythm, Inc., Alert Logic, Loggly, Inc., AlienVault, Veriato, Inc., and Blackstratus, Inc., and others.
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