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Log Management Market

Log Management Market

Log Management Market Analysis By Component (Log Management by Solutions & Services) By Deployment (On Premise & Cloud Based Log Management) By Organization Size (Small and Medium Enterprises & Large Enterprise) By Vertical & By Region – Forecast 2022 to 2032

Log Management Market
FACT7304MR
  • May-2022
  • List of Tables : 32
  • List of Figures : 104
  • 170 Pages
  • Technology

Log Management Market Outlook (2022-2032)

The market size of log management augmented from US$ 2.3 Billion in 2021 to US$ 2.6 Billion in 2022. Commercialization of IT applications across various industry verticals is expected to propel market growth. The estimated Y-o-Y for the year 2021-to 2022 is 13.04%. By 2032, the absolute dollar growth of the log management market is anticipated to be US$ 5.2 Billion.

Report Attributes Details

Projected Forecast Value (2022-2032)

US$ 7.8 Billion

Expected CAGR of U.K (2022-2032)

11.4%

Expected Market Size of China (2032)

US$ 116.1 Million

Projected CAGR of Japan (2022-2032)

10.7%

Expected U.S Market Size (2032)

US$ 2.7 Billion

Projected Market Size of South Korea (2022-2032)

US$ 63.6 Million

Key Players in the Global Log Management

  • SPLUNK
  • SOLARWINDS
  • IBM
  • MICRO FOCUS
  • RAPID7

With the massive generation of log data sets, the market is set to flourish in the forecast period. Factors such as increasing dependence on IT and the presence of strict government regulations are anticipated to augment the market growth in the forthcoming years.

Also, the growing demand for business intelligence and the increasing trend of cloud-based log management practices among others, are likely to drive the market significantly. Moreover, the convergence of technologies such as; AI, and ML, into log management is projected to offer remunerative opportunities for players in the market.

As per the analysis, the cheap cost of the log management is likely to allow the Small and Medium-sized Enterprises (SMEs) to implement the solution. The high rate of adoption of log management by SMEs would allow the growth of the market.

With a notable rise in advanced persistent threats (APTs) and attacks, the demand for advanced log management solutions is expected to grow in the forecast period. SMEs are expected to be significant consumers of the log management, thus, benefitting the market in the forecast period. The market is expected to grow 3x times during the forecast period from 2022- to 2032.

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Salient Factors Driving the Log Management Market

Growing Cyberattacks to Enhance Demand for Efficient Log Management

The most significant factor propelling the log management market is the increasing sophistication of cyberattacks enhancing the demand for log management for on-time detection of cyberattacks. Despite the fact that 98% of cyber-attacks are dependent on social engineering, hackers are intruding into the functioning of advanced technologies such as AI, ML, and analytics, to fuel the sophistication of cyberattacks. Unfortunately, such attacks are not easily detected, and even if they are detected, they take much time to solve.

Government regulations have been in favor of implementing rules and regulations to counter the growing cyberattacks. As a result, there has been a significant rise in demand for SIEM. There is also a rising adoption of cloud-based services that have played a notable in developing the market during the forecast period.

Furthermore, players are taking various initiatives to eradicate the growing cyberattacks. For instance, on September 21st, 2021, Siemens Energy rolled out a platform-as-a-service (PaaS). The initiative was taken for enterprises in the industrial vertical SIEM battered for application inside Security Operation Centers (SOC) that can provide context, insights, visibility, and actions. The growing requirement for an efficient security approach and the deployment of detection equipment with event management solutions is expected to drive the Log Management market in the forthcoming period.

Growing Integration of Advanced Technologies into Log Management to Offer Remunerative Opportunities to the Market

With the growing dependence of IT on technologies such as; IoT, a massive amount of data is generated. As per Logic Monitor, the machine data is expanding 50 times faster than the conventional business data. Deployment of advanced technologies with log management systems helps the enterprises with threat regulation, incident response, and reporting. Such integration allows the log management software to collect, centralize, and analyze the data through enterprise technology, comprising firewalls, applications, and other systems. Consequently, it warns the IT security team of malware, failed logins, and other notorious activities. Integration of advanced technologies in log management is expected to benefit the market.

In the application of machine learning to log analysis, when more logs are collected in log analysis equipment, more details can be used to create algorithms equipment. These log intelligence algorithms are used to identify patterns, which result in time-saving as time spent sifting through logs is lessened. The implementation of log intelligence, powered by AI and other advanced technologies is gaining significant traction among organizations. The advanced log intelligence analyzes logs automatically, identifying the root cause of challenges and issues that prevail within log data that assists the organizations in monitoring issues before their occurrence.

Moreover, players in the market are taking several initiatives to strengthen their reach in the market. For instance, on April 13, 2022, Datadog, Inc, a known monitoring and security platform for cloud applications, announced two new capabilities for Watchdog, which are Log Anomaly Detection and Root Cause Analysis.

Log management market forecast by Fact.MR

Factors Hampering the Global Log Management Market

Management of Massive Data and Availability of Open Source Log Management Tools to Hamper the Market Growth

With growing complications and the rising number of network devices, there has been a generation of a large number of log entries. As per an IT management software enterprise, Ipswitch, about 10,000 log entries are generated from several network equipment on a daily basis.

Solutions such as; Fluentd, GoAccess, Logstash, and LOGalyze, provide all significant features that are offered by established players in the market. It is readily available in the market as a free download. Various enterprises adopt such free software, which is expected to hamper the market growth in the forthcoming years.

The presence of such free software in the market affects the prominent players in the market. Such availability is anticipated to hamper the market growth in the forecast period.

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Region-Wise Analysis

What are the growth prospects in North America?

Presence of Innovative Technologies in the U.S to Boost the Market

As per the analysis, the global market for log management is anticipated to be dominated by North America in the forecast period. This can be attributed to the presence of developed nations such as; Canada and the U.S, which are technologically advanced. According to Fact.MR, the market size in the U.S is estimated at US$ 2.7 Billion while exhibiting a CAGR of 11.4% during the forecast period from 2022-to 2032. The U.S is the most advanced in terms of the adoption of security infrastructure and technological development. Besides, it is also home to a number of established players.

Adoption and acceptance of log management by SMEs would allow the expansion of the customer base and augmentation of business efficiency. The region comprises various large and small enterprises, which are readily implementing log management solutions. The SMEs and large enterprises in the country are relying on advanced log management solutions to meet government interventions over the past few years.

The U.S continues to host the maximum botnet servers across the globe. With technological development and expanding economies, the region is likely to make aggressive investments in the upcoming technology, which can result in the expansion of log management solutions.

Why is APAC Projected to be the Fastest-Growing Region?

Presence of Developing Nations and their Initiatives to Adopt Modern Technologies to Boost the APAC Market

As per the latest reports by Fact.MR, APAC is the fastest-growing market during the forecast period. The growth of the region can be attributed to the increasing adoption of mobile devices in the region. Countries such as; China and Japan have adopted log management to protect their data. Fact.MR observes that China is projected to garner US$ 116.1 Million, and Japan is expected to procure US$ 94 Million during the forecast period from 2022 to 2032.

As per the International Data Corporation’s (IDC) research, APAC leads in terms of the adoption of advanced technologies. Japan, South Korea, and Australia are among such top 5 countries. Other developing countries such as India, are adopting digitalization processes, and the government has also taken various initiatives such as; Digital India, that are boosting the market. Also, increased usage of mobile applications across various sectors such as; retail, BFSI, and IT are expected to benefit the market in the forecast period.

According to the Malwarebytes State of Malware report 2019, Asian countries, like India, Indonesia, Thailand, and Malaysia, are more vulnerable to malware attacks like crypto mining, information thefts, and backdoors. Thus, the region is expected to generate significant demand for log management services, thereby, benefitting the regional market in the forecast period.

Country

Estimated CAGR

U.S

11.4%

U.K

11.4%

China

10.4%

Japan

10.7%

South Korea

9.9%

Category-Wise Analysis

By Component, What is the Contribution of Solution Segment in Driving the Market?

As per the analysis, by component segment, the solution segment is anticipated to lead the market in the forecast period. The segment is expected to exhibit a CAGR of 11% from 2022 to 2032. The segment expanded at a CAGR of 11.6% in the year 2015- to 2021.

Growing demand for security among SMEs to enhance their productivity and offer management solutions at cheaper costs is expected to strengthen the segmental growth in the forecast period.

By Deployment mode, what is the Role of the Cloud-Based Segment in Developing the Market?

According to the analysis, the cloud-based segment is anticipated to dominate the market in the forecast period. The segment is projected to experience a growth rate of 10.9% during the forecast period from 2022-to 2032.

The growing demand for network performance management and optimization solutions is expected to develop segmental growth in the forecast period. Also, increasing targeted attacks and modern threats have motivated organizations to adopt cloud-based log management solutions, thereby, propelling the segmental growth in the forecast period.

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Competitive Landscape

Key players of the global log management market take various initiatives to strengthen their position in the market. Players focus on mergers and acquisitions, and also make significant investments in R&D activities to launch advanced products. Recent key developments in the market are:

  • In February 2020, McAfee updated its MVISION solution by launching Unified Cloud Edge. It is a solution that protects organizations’ data across the equipment, web, and the cloud; Cloud Native Infrastructure Security allows the enterprises in securing the entire infrastructure; a worldwide Managed Detection and Response (MDR) offering, and accelerated partner momentum.
  • In Jan 2020, Micro Focus launched Voltage SmartCipher, an advanced solution that providers secure collaboration and simplifies unstructured data protection and management. The solution is integrated with necessary technological attributes for privacy and security.

Key Segments Profiled in the Global Log Management Market

  • Global Log Management Market by Component :

    • Log Management by Solutions
    • Log Management by Services
  • Global Log Management Market by Deployment Mode :

    • Cloud-Based Log Management
    • On-Premises Log Management
  • Global Log Management Market by Organization Size :

    • Small and Medium Enterprises Log Management
    • Large Enterprises Log Management
  • Global Log Management Market by Vertical :

    • Log Management in IT and ITeS
    • Log Management in Banking, Financial Services, And Insurance
    • Log Management in Healthcare
    • Log Management in Retail and Ecommerce
    • Log Management in Telecom
    • Log Management in Education
    • Others
  • Global Log Management Market by Region :

    • Log Management in North America
    • Log Management in Europe
    • Log Management in Asia Pacific
    • Log Management in Middle East & Africa
    • Log Management in Latin America

- FAQs -

The global log management market is expected to garner US$ 7.8 Billion by 2032
The global log management market is expected to exhibit a CAGR of 11.7% from 2022 to 2032
The U.S market is expected to value US$ 2.7 Billion by 2032
The global log management market is estimated at US$ 2.6 Billion by 2022
China is anticipated to expand at a CAGR of 10.4% by 2032
South Korea is expected to secure US$ 63.6 Billion by 2032
The cloud segment is expected to expand at a CAGR of 10.9% by 2032
The solution segment is projected to exhibit a CAGR of 11% from 2022-to 2032.

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