DUBLIN--(BUSINESS WIRE)--Research and Markets has announced the addition of the "Log Management Market by Component (Solution and Services), Deployment Mode (Cloud and On-Premises), Organization Size, Vertical, and Region - Global Forecast to 2022" report to their offering.
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 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 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.
Companies Mentioned
- Alert Logic, Inc.
- Alienvault, Inc.
- Blackstratus
- Intel Security
- International Business Machines Corporation
- Loggly, Inc.
- Logrhythm, Inc.
- Rapid7, Inc. (Logentries)
- Sematext Group, Inc.
- Solarwinds Worldwide, LLC
- Splunk, Inc.
-
Veriato, Inc.
Key Topics Covered:
1 Introduction
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
9 Log Management Market Analysis, By Vertical
10 Geographic Analysis
11 Competitive Landscape
12 Company Profiles
For more information about this report visit http://www.researchandmarkets.com/research/s6xb9g/log_management
