Log Management Market by Component
(Solution and Services), Deployment Mode
(Cloud and On-Premises), Organization Size,
Vertical, and Region - Global Forecast to 2022
No of Pages – 136
Publishing Date - May 11, 2017
Browse detailed TOC, Tables, Figures, Charts in Log Management Market by Component
(Solution and Services), Deployment Mode (Cloud and On-Premises), Organization Size,
Vertical, and Region - Global Forecast to 2022 at - https://www.absolutereports.com/10794803
“Increasing Advanced Persistent Threats (APTs) is expected to drive the log management market.”
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 log management
market is driven by various factors, such as increasing APTs, strong regulation and compliance
requirements, and increasing network complexities, and growth in the number of network devices.
However, easy availability of free and open-source log management solutions may restrict the log
management market’s growth.
“Managed services segment is expected to grow at the highest CAGR during the forecast period.”
Managed services are used to decrease operational overhead and risks, and they also help to manage
the network operational processes by reducing the complexities of networked infrastructure.
Additionally, a major trend influencing the log management market is the complexity of advanced
technologies, such as IoT infrastructure and operating system. Due to this complexity, users need
guidance and therefore, consulting and managed services are expected to witness a high growth in the
upcoming years.
“The Banking, Financial Services, and Insurance (BFSI) vertical is expected to have the largest share
in the log management market in 2017.”
The BFSI vertical is expected to have the largest market size during the forecast period. Banks are
highly susceptible to cyber-attacks and security threats because of their multi-channel distributed
nature, and the fact that they are the richest source of identities and provide direct access to monetary
assets. Due to the early adoption of IoT applications, the BYOD trend, and growing usage of web and
mobile applications for banking transactions and payments, the market for log management in the
BFSI vertical is dominating the market.
“Asia Pacific (APAC) is expected to have the highest growth rate during the forecast period.”
APAC includes emerging economies, such as China, Australia, Singapore, and India, which are