Automotive Log-Management-Market-by-Component-Solution-and-Se

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