Market Research Report Store Log Management Market

"Log Management Market expecting to grow from USD 707 million in 2017 to USD 1,248.9 million by 2022– Market Research Report Store" published in May 2017. It is a professional and in-depth study. Summary Market Research Report Store announces a new report＂Log Management Market＂added to its database.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. Detailed TOC Of Report @ https://www.marketresearchreportstore.com/shop/log-management-market-by-component-soluti on-and-services-deployment-mode-cloud-and-on-premises-organization-size-vertical-and-region- global-forecast-to-2022 Ask a sample, click here [email protected] “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.”