Commercialization Of IT Applications Across Various Industry Verticals Is Expected To Propel Log Management Market Growth

250 Pages Log Management Market Survey by Fact MR, A Leading Business and Competitive Intelligence Provider

ICT companies are extensively adopting technologies such as cloud computing and artificial intelligence to ensure seamless operations as teams continue working from home. Focus on fast automation, use of real-time operation within various end-use sectors such as automotive, food & beverage and others will provide stimulus to the growth.

The report offers actionable and valuable market insights of Log Management. The latest report by Fact.MR provides details on the present scenario of the market across various regions along with the historic data and forecast of the market. The report also includes information on the sales and demand of Log Management Market across various industries and regions.

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The market study done by Fact.MR gives exclusive information about how the market will grow. The study identifies crucial trends that are determining the growth of Log Management market. This newly published report sheds light on vital dynamics, such as the drivers, restraints, and opportunities for key market players as well as emerging players associated with the production and supply. The latest report by

Fact.MR provides detailed Market Analysis of Log Management

This newly published and insightful report sheds light on Market Insights of Log Management, key dynamics, their impact on the overall value chain from suppliers to end-users and Growth of Log Management Market.

Competitive Landscape

Key players of the global log management market take various initiatives to strengthen their position in the market. Players focus on mergers and acquisitions, and also make significant investments in R&D activities to launch advanced products. Recent key developments in the market are:

In February 2020, McAfee updated its MVISION solution by launching Unified Cloud Edge. It is a solution that protects organizations' data across the equipment, web, and the cloud; Cloud Native Infrastructure Security allows the enterprises in securing the entire infrastructure; a worldwide Managed Detection and Response (MDR) offering, and accelerated partner momentum.

In Jan 2020, Micro Focus launched Voltage SmartCipher, an advanced solution that providers secure collaboration and simplifies unstructured data protection and management. The solution is integrated with necessary technological attributes for privacy and security.

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Salient Factors Driving the Log Management Market
Growing Cyberattacks to Enhance Demand for Efficient Log Management

The most significant factor propelling the log management market is the increasing sophistication of cyberattacks enhancing the demand for log management for on-time detection of cyberattacks.

Despite the fact that 98% of cyber-attacks are dependent on social engineering, hackers are intruding into the functioning of advanced technologies such as AI, ML, and analytics, to fuel the sophistication of cyberattacks. Unfortunately, such attacks are not easily detected, and even if they are detected, they take much time to solve.

Government regulations have been in favor of implementing rules and regulations to counter the growing cyberattacks. As a result, there has been a significant rise in demand for SIEM. There is also a rising adoption of cloud-based services that have played a notable in developing the market during the forecast period.

Furthermore, players are taking various initiatives to eradicate the growing cyberattacks. For instance, on September 21st, 2021, Siemens Energy rolled out a platform-as-a-service (PaaS). The initiative was taken for enterprises in the industrial vertical SIEM battered for application inside Security Operation Centers (SOC) that can provide context, insights, visibility, and actions.

The growing requirement for an efficient security approach and the deployment of detection equipment with event management solutions is expected to drive the Log Management market in the forthcoming period.

Growing Integration of Advanced Technologies into Log Management to Offer Remunerative Opportunities to the Market

With the growing dependence of IT on technologies such as; IoT, a massive amount of data is generated. As per Logic Monitor, the machine data is expanding 50 times faster than the conventional business data. Deployment of advanced technologies with log management systems helps the enterprises with threat regulation, incident response, and reporting.

Such integration allows the log management software to collect, centralize, and analyze the data through enterprise technology, comprising firewalls, applications, and other systems. Consequently, it warns the IT security team of malware, failed logins, and other notorious activities. Integration of advanced technologies in log management is expected to benefit the market.

In the application of machine learning to log analysis, when more logs are collected in log analysis equipment, more details can be used to create algorithms equipment. These log intelligence algorithms are used to identify patterns, which result in time-saving as time spent sifting through logs is lessened.

The implementation of log intelligence, powered by AI and other advanced technologies is gaining significant traction among organizations. The advanced log intelligence analyzes logs automatically, identifying the root cause of challenges and issues that prevail within log data that assists the organizations in monitoring issues before their occurrence.

Moreover, players in the market are taking several initiatives to strengthen their reach in the market. For instance, on April 13, 2022, Datadog, Inc, a known monitoring and security platform for cloud applications, announced two new capabilities for Watchdog, which are Log Anomaly Detection and Root Cause Analysis.

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Key Segments Profiled in the Global Log Management Market

Global Log Management Market by Component :
Log Management by Solutions
Log Management by Services
Global Log Management Market by Deployment Mode :
Cloud-Based Log Management
On-Premises Log Management

Global Log Management Market by Organization Size :
Small and Medium Enterprises Log Management
Large Enterprises Log Management

Global Log Management Market by Vertical :
Log Management in IT and ITeS
Log Management in Banking, Financial Services, And Insurance
Log Management in Healthcare
Log Management in Retail and Ecommerce
Log Management in Telecom
Log Management in Education
Others

Global Log Management Market by Region :
Log Management in North America
Log Management in Europe
Log Management in Asia Pacific
Log Management in Middle East & Africa
Log Management in Latin America

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Key Question answered in the survey of Log Management market report:

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More Valuable Insights on Log Management Market

Fact.MR, in its new report, offers an unbiased Market Analysis of Log Management , Sales and Demand of Log Management , analyzing forecast statistics through 2019 and beyond. The study reveals growth projections on the basis of various criteria.

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