This Log
Management Market report is an
exhaustive research on company’s active in Log Management sector, its
applications, products, end-users, trends and predictions on how the market
will grow in coming years.
Log Management Market
size is expected to grow at a significant rate over the future owing to its
ability to offer enhanced security by identifying security breaches in an
organization. It is the process of collection and administration of data
generation processes, which helps in the transmission, analysis, and storage of
log data in systems and also deals with a large amount of computer-generated
log data. The log management market is providing a variety of services such as
log collection, log rotation, log analysis, log search, and reporting. The
software is helping enterprises to improve the security and regulatory
compliance. These systems help in protecting devices from several risks,
malicious attacks, cybercrimes, viruses, and advanced persistent threats. Due
to the implementation of these platforms, public and private enterprises can
prevent security threats, reduce business costs, and enhance information
security infrastructure. In addition, they are helpful in tracking employee
actions, which is fueling the log management market demand in the industry.
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Increasing complexity of the systems, inflated costs,
and time-consuming processes are challenging the log management market growth.
Moreover, the easy accessibility to free solutions may hamper the industry
growth over the forecast timeline. The speed at which logs are created can make
their collection difficult, which is also a challenge faced by the industry.
Log events are not always accurate, which makes its use difficult for detection
systems.
In the log management market, some tools have the
additional advantage of automatic protection systems such as shutting down
systems, immobilizing USB storage capabilities, blocking IP addresses, removing
accounts, and completely shutting down machines that are expected to offer
ample growth opportunities for the industry.
Moreover, managing of services is helping in
decreasing work risks and in handling the network operational processes by
combating the difficulties involved in the infrastructure of the systems. The
log management market is facing complexity in the integration of IoT and
operating systems. To overcome this complexity, the users require training
thereby providing an impetus to consulting services, which is expected to
witness a substantial growth over the forecast time span. Log management market
is also being used to produce technical information to help in detecting and
solving various bugs present in the system and examining new features in the
development phase.
End users in the log management market include various
retail firms, telecommunication departments, healthcare industries, government
administrations, and BFSI providers. The BFSI providers are expected to have a
large market share over the forecast timeline. Banks are liable for cybercrimes
and security issues. Banks, as well as financial service providers, are relying
on the log data for preventing fraud and to make sure various activities
occurring on the network meet the necessary regulatory requirements. Increasing
usage of IoT devices, BYOD concept, and a growing usage of mobile apps for banking
payments are offering ample opportunities for the BFSI segment’s growth in the
industry.
The log management market service providers are mainly
found in North America and Asia Pacific. North America is expected to have the
highest market share owing to its advancements in technology, growth in
innovation, and high technology adoption rate. In 2017, the U.S. and Canada are
anticipated to be the highest revenue-generating economies for log management
market services mainly owing to the presence of businesses, which are majorly
focused on the security technologies and R&D.
Asia Pacific industry is expected to grow on a
large-scale. Emerging economies in this region are adopting log management
systems on a large-scale. The growing demand due to increasing population and
availability of labor at minimal costs are the main reasons behind the increasing
industry share in countries such as India, China, and Singapore for the log
management market.
The key industry players involved in the log
management market include Dell, IBM, Trend Micro, Inc., Juniper Networks,
Cisco, Symantec, Intel, Solar Winds Worldwide, LLC, Splunk, Inc., Log Rhythm,
Inc., Alert Logic, Loggly, Inc., Alien Vault, Veria, Inc., and Black Stratus,
Inc. These players are investing huge funds in R&D and are coming up with
innovative technologies and new products to maintain their position in the log
management market. For instance, Alert Logic is a cloud security provider
acquired by Welsh Carson. Through this acquisition, Alert Logic will enhance
the scale of the business and meet the rising demand for IT security in the
virtualized data centers and cloud platform.
This latest Log
Management Market research
report offers in-depth analysis, key industry insights, market sizing &
forecast on a granular level for key products, applications across number of
regional markets. The report also analyzes the Log
Management industry
from business strategy perspective, describing in detail growth drivers,
pitfalls &challenges for participants, accompanied by a detailed
competitive benchmarking including company market share analysis and detailed
business profiles.
Reasons to Buy This Report
•
Global Log Management Market size & forecast by product & application.
•
Growth drivers, pitfalls & industry challenges.
•
Key Log Management Market growth opportunities & emerging business models.
•
Competitive benchmarking with market share analysis and company
profiles.
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