According to a new report Global Log Management Market, published by KBV research, The Global Log Management Market size is expected to reach $3.3 billion by 2025, rising at a market growth of 11.2% CAGR during the forecast period. The demand for log-management software is expected to implement substantial opportunities over the forecast period. Due to advancements in technology and the use of computing resources, large corporate organizations are projected to have increasing storage and processing needs.
The cloud deployment mode has been estimated to rise at the highest growth rate because the Small and Medium-sized Enterprises (SMEs) are progressively adopting cloud-based network security software solutions due to its cost-efficiency. This helps small and medium businesses reduce costs associated with hardware, software, storage and technical personnel. Cloud-based solutions provide a unified platform to protect business applications in the form of Software-as-a-Service (SaaS)-based security services.
North America, as an early adopter of technology, is often regarded as a global leader in technology. North America is leading the way in the adoption of log management solutions in the world, which can be due to the strong presence of security vendors and their emphasis on security technology research and development (R&D). In recent years, the key concern for the security of critical infrastructure and sensitive data has increased government involvement.
The IT, ITES & Telecom market dominated the Global Log Management Market by End User in 2018. The vertical has been a highly regulated and competitive business that has always processed most of the private data of its customers. Adherence to regulatory compliance has become a driving force of the log management needs of these industries. The BFSI market is expected to witness a CAGR of 10.2% during (2019 - 2025).
Structural Insights: https://www.kbvresearch.com/log-management-market/
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of SolarWinds Corporation, IBM Corporation, Micro Focus International PLC, Rapid7, Inc., McAfee, LLC, Alert Logic, Inc., Intel Corporation, LogRhythm, Inc., Splunk, Inc., and Veriato, Inc.
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