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Log Management Market by Component, Deployment Mode, Organization Size, Vertical And Region - Global Forecast to 2022

Log Management Market: Global Forecast until 2022

  • May 2017
  • 136 pages
  • ID: 4907912
In this report:
The total energy and utilities vertical market size by region is expected to grow from USD ##.## million in 2017 to USD ##.## million by 2022, at a CAGR of ##.##%, due to the rise in zero-day attacks, dynamic Trojan horse, and stealth bot threats.
North America is expected to account for the largest share of ##.##% of the global log management market in 2017 and grow at the CAGR of ##.##% from 2017 to 2022.

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Increasing Advanced Persistent Threats is predicted to push the log management market.

The log management market size is forecasted to grow from $707.0M in 2017 to $1248.90M by 2022, at a CAGR of 12.10 percent. The log management market is influenced by several factors, including growing APTs, strong regulation and compliance requirements, and rising network complexities, and increase in the number of network devices. Nevertheless, easy availability of free and open-source log management solutions may restrict the log management market's increase

Managed services segment is anticipated to rise at the highest CAGR (Compound annual growth rate) during the estimate 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. On top of, a main trend influencing the log management market is the complexity of advanced technologies, including IoT infrastructure and operating system. Due to this complexity, users need guidance and therefore, consulting and managed services are forecasted to witness a high increase in the upcoming years.

The Banking, Financial Services, and Insurance vertical is anticipated to have the biggest share in the log management market in 2017.

The BFSI vertical is anticipated to have the biggest sector size during the outlook period. Banks are highly susceptible to cyber-attacks and security threats as a result of their multi-channel distributed nature, and the fact that they are the richest source of identities and offer direct access to monetary assets. Due to the early adoption of IoT applications, the BYOD trend, and increasing usage of web and mobile applications for banking transactions and payments, the sector for log management in the BFSI vertical is dominating the industry

Asia Pacific (APAC) is intended to have the maximum growth rate during the estimate period.

Asia-Pacific includes emerging economies, such as china (CN), Australia (AU), Singapore (SG), and India (IN), which are quickly deploying log management solutions. Asia-Pac is anticipated to grow at the highest compound annual growth rate (CAGR) during the outlook period. This is primarily due to the growing adoption of IoT and BYOD trends in many industry verticals, including BFSI, government, Information Technology and telecom, healthcare, and retail. Additionally, North America continent is forecasted to have the biggest industry size in 2017.

Comprehensive interviews were managed with Chief Executive Officers, marketing directors, innovative products and technology directors, and executives of different top organizations operating in the log management market.

- By Company Tier 1: 50.0 percent, Tier 2: 30.0 percent, and 1/3 3: 20.0 percent

- By Designation: C-Level: 60.0 percent, Director Level: 20.0 percent, and Others: 20.0 percent

- By area: North america (NA): 15.0 percent, Europe: 15.0 percent, APAC: 40.0 percent, and RoW: 30.0 percent

The market research includes the study of main players offering log management services, including IBM (NYSE:IBM), Intel Security, SolarWinds Worldwide, Limited liability company, Splunk Inc., LogRhythm, Incorporated, Alert Logic, Loggly, Incorporated, AlienVault, Veriato, Incorporated, and Blackstratus, Incorporated.

Segment Research

The industry report includes log management services across several verticals and localities. It aims at evaluating the market value and upcoming growth potential of this market across several segments, including component (solution and services), deployment mode, organization size, vertical, and area. Moreover, the study also comprises a detailed competitive analysis of the top players in the sector, together with their company descriptions, main observations associated to product and business offerings, recent evolutions, and key industries strategies.

Main highlights

The analysis will facilitate the market top players/new sector entrants in this sector with data on the best approximations of the revenue data for the global log management market and the sub-segments. This industry report will facilitate partners distinguish the competitor overview and obtain additional insights to position their businesses better and plan suitable go-to-market strategies. The market research also benefits partners comprehend the pulse of the sector and offers them with info on main market drivers, market restraints, opportunities, and alternatives.

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