The global log management market size is expected to grow from $1.83 billion in 2021 to $2.09 billion in 2022 at a compound annual growth rate (CAGR) of 14.48%. The change in the log management market growth trend is mainly due to the companies stabilizing their output after catering to the demand that grew exponentially during the COVID-19 pandemic in 2020. The market is expected to reach $3.43 billion in 2026 at a CAGR of 13.13%.
What is the Global Log Management Market?
The log management market consists of sales of log management services by entities (organizations, sole traders, and partnerships) that comprise an approach to dealing with large volumes of computer-generated log messages. A log is a file generated through computer that catches activity inside the software applications or operating system. Log management is the technique of continuously acquiring, storing, processing, synthesizing, and analyzing data from various programs and applications to optimize system efficiency, uncover technical faults, better manage resources, reinforce security, and improve compliance.
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What drives the Global Log Management Market?
The growing reliance on information technology and the generation of a huge amount of log data are propelling the growth of the log management market. Digital technologies have emerged as a key factor of economic growth, national security, and international competitiveness. The improving internet accessibility and increasing digital footprints over the internet have contributed to massive growth in the volume of data generated. It is estimated that over 2.5 quintillion bytes of data are created every day, requiring more data management services. Thus, the increasing volume of data is expected to increase storage and processing needs, thus boosting the demand of the log management market during the forecast period.
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Global Log Management Market Segments
The global log management market is segmented:
By Component: Solution, Services
By Deployment: Cloud, On-Premise
By Enterprise Size: Large Enterprises, Small and Medium Enterprises
By Industry Vertical: Healthcare, Manufacturing, Energy and Utilities, IT and Telecommunications, Retail and Consumer Goods, Transportation and Logistics, Government and Public Utilities, Banking, Financial Services and Insurance (BFSI), Others
By Geography: The regions covered in the log management market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
Log Management Global Market Report 2022provides market size and growth forecasts for the global log management market, global log management market share, log management market segments and geographies, log management market competitive landscape including leading competitors’ revenues, profiles and market shares. The log management market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.
Global Log Management Industry Playersinclude IBM Corporation, Splunk Inc, SolarWinds Corporation, Rapid7 Inc., McAfee LLC, Alert Logic Inc., Intel Corporation, LogRhythm Inc., Veriato Inc., Micro Focus, RSA, Blackstratus, Loggly Inc., Sematext Group, AT&T Cybersecurity, Logz.Io, Sumo Logic, Manage Engine, LogDNA, Logit.io, Paessler AG, Anodot, Loom Systems, Chaos Search, Coralogix, Datadog, Trend Micro Incorporated, Juniper Networks Inc., and Dell. Based on industry trends and company analysis, the report explains a number of strategies for companies in the market.
