Log Management Market to grow by USD 2.13 billion from 2022 to 2027, Growth Driven by Growing Demand from IT sector- Technavio

NEW YORK, Oct. 10, 2023 /PRNewswire/ — The “log management market by component (solution and services), deployment (on-premises and cloud-based), and geography (North America, APAC, Europe, South America, and Middle East and Africa) – Forecast and Analysis 2023-2027” report has been added to Technavio offering. With ISO 9001:2015 certification, Technavio has proudly partnered with more than 100 Fortune 500 companies for over 16 years. The potential growth difference for the log management market from 2022 to 2027 is USD 2.13 billion.Get deeper insights into the market size, current market scenario, future growth opportunities, major growth driving factors, the latest trends, and much more. Buy the full report here

The growing demand from the IT sector is a key factor driving market growth. In a digital world, which is creating massive volumes of information, IT professionals are left with the manual management and analysis of log files in vast technical environments. This is why you need to use efficient log management systems and tools that can automatically accelerate the main steps in your data collection, formatting, or analysis process. Furthermore, centralized log management solutions will significantly improve the security of IT organizations and make it easier for them to access data. Organizations can identify and respond to anomalies more quickly when data is stored and connected in one central location. Hence, these factors are expected to drive market growth during the forecast period. 
Market Challenge   
The high deployment cost of log management solutions is a significant challenge restricting market growth. Total installation costs include the cost of software licenses, system design and customization, implementation, training, and maintenance for an individual organization. An organization needs to hire IT staff to properly deploy the software, which will incur additional costs. Additionally, current employees must be trained on how to operate cybersecurity solutions. Furthermore, a log management solution has additional hidden costs, such as the costs associated with providing knowledge, experience, and skill development on the solution to understand its functionality. Hence, these factors are expected to restrict market growth during the forecast period.
Learn about additional key drivers, trends, and challenges available with Technavio. Read FREE Sample PDF Report Now
The log management market is segmented by component (solution and services), deployment (on-premises and cloud-based), and geography (North America, APAC, Europe, South America, and Middle East and Africa). 
The market share growth by the solution segment will be significant during the forecast period. Using log management solutions helps create a single point of access to all important network and application data by collecting, organizing, and storing log and event log data from different sources in one centralized location. Furthermore, industry growth is expected to be driven by the growing need for security to increase the productivity of small and medium enterprises and provide management solutions at lower costs. The adoption of log management solutions by different companies is another factor contributing to the growth of the solutions segment. Hence, these factors are expected to drive segment growth during the forecast period.View the FREE Sample Report for insights into the contribution of all the segments and regional opportunities in the report.
Key Companies in the log management market:
Alert Logic Inc., Amazon.com Inc., AT and T Inc., Cisco Systems Inc., Datadog Inc., Intel Corp., International Business Machines Corp., LogicMonitor Inc., LogRhythm Inc., McAfee LLC, Micro Focus International Plc, New Relic Inc., Paessler AG, Rapid7 Inc., SolarWinds Corp., Splunk Inc., Veriato Inc., Zoho Corp. Pvt. Ltd., Sematext Group Inc., and Graylog
Related Reports:
The expense management software market size is estimated to grow at a CAGR of 13.75% between 2022 and 2027. The market size is forecast to increase by USD 4,776.21 million. 
The distribution software market size is estimated to grow at a CAGR of 2.61% between 2022 and 2027. The market size is forecast to increase by USD 1,352.4 million. 
ToC:Executive Summary
Market Landscape
Market Sizing
Historic Market Sizes
Five Forces Analysis
Market Segmentation by Component
Market Segmentation by Deployment 
Market Segmentation by Geography
Customer Landscape
Geographic Landscape
Drivers, Challenges, & Trends
Company Landscape
Company Analysis
Appendix
About TechnavioTechnavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provide actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
Contacts
Technavio ResearchJesse MaidaMedia & Marketing ExecutiveUS: +1 844 364 1100UK: +44 203 893 3200Email: media@technavio.comWebsite: www.technavio.com

View original content to download multimedia:https://www.prnewswire.com/news-releases/log-management-market-to-grow-by-usd-2-13-billion-from-2022-to-2027–growth-driven-by-growing-demand-from-it-sector–technavio-301951459.html
SOURCE Technavio 

NEW YORK, Oct. 10, 2023 /PRNewswire/ — The “log management market by component (solution and services), deployment (on-premises and cloud-based), and geography (North America, APAC, Europe, South America, and Middle East and Africa) – Forecast and Analysis 2023-2027″ report has been added to Technavio offering. With ISO 9001:2015 certification, Technavio has proudly partnered with more than 100 Fortune 500 companies for over 16 years. The potential growth difference for the log management market from 2022 to 2027 is USD 2.13 billion.Get deeper insights into the market size, current market scenario, future growth opportunities, major growth driving factors, the latest trends, and much more. Buy the full report here

The growing demand from the IT sector is a key factor driving market growth. In a digital world, which is creating massive volumes of information, IT professionals are left with the manual management and analysis of log files in vast technical environments. This is why you need to use efficient log management systems and tools that can automatically accelerate the main steps in your data collection, formatting, or analysis process. Furthermore, centralized log management solutions will significantly improve the security of IT organizations and make it easier for them to access data. Organizations can identify and respond to anomalies more quickly when data is stored and connected in one central location. Hence, these factors are expected to drive market growth during the forecast period. 

Market Challenge   

The high deployment cost of log management solutions is a significant challenge restricting market growth. Total installation costs include the cost of software licenses, system design and customization, implementation, training, and maintenance for an individual organization. An organization needs to hire IT staff to properly deploy the software, which will incur additional costs. Additionally, current employees must be trained on how to operate cybersecurity solutions. Furthermore, a log management solution has additional hidden costs, such as the costs associated with providing knowledge, experience, and skill development on the solution to understand its functionality. Hence, these factors are expected to restrict market growth during the forecast period.

Learn about additional key drivers, trends, and challenges available with Technavio. Read FREE Sample PDF Report Now

The log management market is segmented by component (solution and services), deployment (on-premises and cloud-based), and geography (North America, APAC, Europe, South America, and Middle East and Africa). 

The market share growth by the solution segment will be significant during the forecast period. Using log management solutions helps create a single point of access to all important network and application data by collecting, organizing, and storing log and event log data from different sources in one centralized location. Furthermore, industry growth is expected to be driven by the growing need for security to increase the productivity of small and medium enterprises and provide management solutions at lower costs. The adoption of log management solutions by different companies is another factor contributing to the growth of the solutions segment. Hence, these factors are expected to drive segment growth during the forecast period.

View the FREE Sample Report for insights into the contribution of all the segments and regional opportunities in the report.

Key Companies in the log management market:

Alert Logic Inc., Amazon.com Inc., AT and T Inc., Cisco Systems Inc., Datadog Inc., Intel Corp., International Business Machines Corp., LogicMonitor Inc., LogRhythm Inc., McAfee LLC, Micro Focus International Plc, New Relic Inc., Paessler AG, Rapid7 Inc., SolarWinds Corp., Splunk Inc., Veriato Inc., Zoho Corp. Pvt. Ltd., Sematext Group Inc., and Graylog

Related Reports:

The expense management software market size is estimated to grow at a CAGR of 13.75% between 2022 and 2027. The market size is forecast to increase by USD 4,776.21 million

The distribution software market size is estimated to grow at a CAGR of 2.61% between 2022 and 2027. The market size is forecast to increase by USD 1,352.4 million. 

ToC:

Executive Summary

Market Landscape

Market Sizing

Historic Market Sizes

Five Forces Analysis

Market Segmentation by Component

Market Segmentation by Deployment 

Market Segmentation by Geography

Customer Landscape

Geographic Landscape

Drivers, Challenges, & Trends

Company Landscape

Company Analysis

Appendix

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provide actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com

View original content to download multimedia:https://www.prnewswire.com/news-releases/log-management-market-to-grow-by-usd-2-13-billion-from-2022-to-2027–growth-driven-by-growing-demand-from-it-sector–technavio-301951459.html

SOURCE Technavio

 

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