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Log Management Market .pdf



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Log Management Market Analysis, Industrial Forecast
and Trends from 2017 to 2024: Global Market Insights
Inc.
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.

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

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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.

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About Global Market Insights

Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market
research and consulting service provider; offering syndicated and custom research
reports along with growth consulting services. Our business intelligence and industry
research reports offer clients with penetrative insights and actionable market data
specially designed and presented to aid strategic decision making. These exhaustive
reports are designed via a proprietary research methodology and are available for key
industries such as chemicals, advanced materials, technology, renewable energy and
biotechnology.

Contact Us:

Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
Phone: 1-302-846-7766
Toll Free 1-888-689-0688
Email: sales@gminsights.com
Website: https://www.gminsights.com

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