Log management market to witness moderate growth between 2019 and 2024

The report published by Knowledge Sourcing Intelligence titled “Log Management Market- Forecast From 2019 to 2024” studies the various factors affecting the demand for Log Management across the globe. The report has been segmented by offering (solution and services), by deployment model (on-premise and cloud), enterprise size (small, medium, and large), and by end-user industry (communication and technology, BFSI, retail, government, media and entertainment, and others).

Furthermore, the demand for log management has been estimated across all major geographies namely North America, South America, Europe, Middle East and Africa and the Asia Pacific. To give a clearer view of this market across these geographies, the regional market is further segmented into countries which account for a significant share in the market. Advancement in technologies such as the Internet of Things (IoT) and Big Data Analytics worldwide is significantly shaping the global log management market. Growing big data volume and continuous drifting of enterprises towards cloud is driving the need among enterprises to efficiently and securely store and manage the logs associated with storage and accessing of data to ensure integrity and security, which, in turn, is positively impacting the log management market.

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By enterprise size, large enterprises hold the largest market share
Large enterprises hold the largest share in this market owing to the generation of huge volumes of data by digitized business processes across them. An increasing number of large enterprises will continue to boost the growth of log management market during the forecast period. Small and medium enterprises are expected to show sluggish growth over the projected period.

North America and Europe account for major market shares
Geographically, Log Management market is segmented into North America, South America, Europe, Middle East and Africa, and Asia Pacific. North America and Europe together hold a significantly large market share in this market. Stringent regulations regarding data privacy and security like General Data Protection Regulation (GDPR) in Europe have made it even more necessary for the enterprises to adopt efficient log management solutions to ensure the security of individuals’ data flowing through the network, thus propelling the growth of log management market. Growing end-use industries in these regions also contribute to the growth of the log management market.

This report also includes a study of strategies and product portfolios of some of the leading companies in the Log Management market. It consists of company profiles of the leading companies- IBM, McAfee, LLC, Solarinds, Splunk, LogRhythm, Alert Logic, Loggly, AlienVault, Veriato, and BlackStratus.

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Knowledge Sourcing Intelligence (KSI) is a market research and consulting organization based out of India. KSI publishes research studies spanning across ten industry verticals. KSI has a team of experienced and young professionals with a singular focus on delivering high-quality research services to enterprises, non-government organizations, government agencies, and research institutes and organizations. We publish hundreds of reports per year centering on niche and latest technologies. We engage with key decision makers and stakeholders across the value chain to provide clients with a detailed analysis and bird’s-eye view of the market with whole market dynamics, statistical forecasts, competitive analysis, key trends, market drivers and challenges and strategic recommendations for making informed decisions. Our success lies in the effort of our analysts who strive to meet client expectations by delivering quality work within the stipulated deadlines.

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