Rise in sophistication of Advanced Persistent Threats (APTs) drive the demand for log management solutions among various industries, proliferation of cloud-based log management platforms; that increase availability of computer-generated log data accessible to IT engineers, developers, and business analysis on-demand, and increase in number of networks and IoT devices is expected to boost the log management market growth.
However, unavailability of open-source log management solutions hampers the growth of the log management market. Furthermore, responsive log management solutions with artificial intelligence and analytical advantages or features are expected to create significant revenue growth opportunities for the log management market.
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The log management market is segmented into component, deployment, enterprise size, industry vertical, and region. By component, it is bifurcated into solutions and services. In terms of deployment, it is divided into cloud and on-premises. On the basis of enterprise size, it is classified into large enterprises and small & medium sized enterprises.
By industry vertical, the log management market is classified into healthcare, manufacturing, energy & utilities, IT & telecommunications, retail & consumer goods, transportation & logistics, government & public utilities, Banking, Financial Services & Insurance (BFSI), and others. Region-wise, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
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The key players profiled in the log management market analysis are Alert Logic, Inc., AT&T Cybersecurity (Alienvault), Blackstratus, Inc., International Business Machines (IBM) Corporation, Intel Corporation, LogRhythm, Inc., Sematext Group, SolarWinds, Inc. (Loggly), Splunk, Inc., and Veriato, Inc.
These players have adopted various strategies to increase their market penetration and strengthen their position in the industry. Current and future log management market trends are outlined to determine the overall attractiveness of the market.
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