The log management market size is expected to grow from USD 707 Million in 2017 to USD 1,248.9 Million by 2022, at a Compound Annual Growth Rate (CAGR) of 12.1%. The major growth drivers of the market include increasing Advanced Persistent Threats (APTs), strong regulation and compliance requirements, and increasing network complexities, and growth in the number of network devices.
The log management market is segmented by component (solution and services), deployment mode, organization size, vertical, and region. The solution segment in the log management market is expected to have the largest market size during the forecast period. The reason behind the high growth rate is the increased need to secure IT infrastructures from advanced cyber-attacks, such as, zero day attacks, ransomwares, and malwares.
The managed services segment is expected to grow at the highest CAGR during the forecast period. However, the professional services segment accounts for the largest share of the log management market in 2017. The cloud deployment mode is expected to grow at the highest CAGR during the forecast period. The large enterprises segment is expected to account for the largest market size in 2017. Moreover, the Small and Medium Enterprises (SMEs) segment is expected to grow at the highest CAGR during the forecast period.
Log management services have been deployed across various industry verticals, including Banking Financial Services, and Insurance (BFSI), energy and utilities, government and public utilities, healthcare, Information Technology (IT) and telecom, retail, and others. The government and public utilities vertical is expected to grow at the highest CAGR during the forecast period. However, the BFSI vertical is estimated to have the largest market size in 2017.
Alert Logic, Inc.
International Business Machines Corporation
Rapid7, Inc. (Logentries)
Sematext Group, Inc.
Solarwinds Worldwide, LLC
Key Topics Covered:
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview and Industry Trends
6 Log Management Market Analysis, By Component
7 Log Management Market Analysis, By Deployment Mode
8 Log Management Market Analysis, By Organization Size