The global log management software market is anticipated to grow at a CAGR of 9.2% during the forecast period (2023-2030). An increase in adoption for optimize system performance, identifying technical issues, better managing resources, strengthening security and improving compliance drives the growth of the log management software market. The major factors driving the log management market include the growing sophistication of cyberattacks, which necessitates log management for the early detection of cyberattacks. The presence of stringent government regulations and compliances and the generation of large amounts of data owing to increased dependence on IT infrastructure Moreover, the demand for business intelligence, the rising trend of cloud-based log management practices, and the integration of technologies such as predictive analytics, AI, and ML into log management provide lucrative opportunities for the log management market.
Browse the full report description of “Log Management Software Market Size, Share & Trends Analysis Report by Component (Solutions and Services), by Deployment (Cloud and On-Premises), by Deployment (Large Enterprises and Small & Medium-Sized Enterprises), and by Vertical (BFSI, Government, Healthcare, IT and Telecom, Education and Others), Forecast Period (2023-2030)” at https://www.omrglobal.com/industry-reports/log-management-software-market
Agencies can now log more comprehensively across cloud providers and on-premises environments, resulting in the ability to operationalize data more effectively and realize greater investigation and response value. For instance, in February 2023, Microsoft launched a modern log management program to help federal agencies accelerate Cyber EO compliance. a comprehensive solution that includes a maturity model for event log management, Azure SOC Accelerator, custom cyber analytics, interactive training workbook and discounts for federal agencies.
Various cloud enables small- and medium-sized forest product companies to realize productivity and growth gains that only large companies have historically been able to afford by digitizing lumber supply chain workflows. For instance, in July 2023, Trimble Inc. launched LIMS PRO, a new cloud-hosted version of its widely used Log Inventory and Management System (LIMS) to manage sawmill raw material procurement. As a cloud-based log settlement solution, LIMS PRO is designed to improve operational visibility for mills.
Cloud log management services typically centralize logs in a single location, making it simpler to implement security measures and enhance log security. For instance, in October 2021, CrowdStrike Inc. launched a free humio community edition to bring the power of streaming log management to everyone. Cloud users can ingest up to 16GB of structured and unstructured data per day and retain the logs for up to seven days – the first and only offering to provide this large of an ingestion, retention rate and ongoing usage with no trial period.
Market Coverage
• The market number available for – 2022-2030
• Base year- 2022
• Forecast period- 2023-2030
• Segment Covered-
o By Component
o By Deployment
o By Enterprise Size
o By Vertical
• Regions Covered-
o North America
o Europe
o Asia-Pacific
o Rest of the World
• Competitive Landscape- includes Elasticsearch B.V., IBM Corp., SolarWinds Worldwide, LLC, Splunk Inc., Sumo Logic, and others.
Key questions addressed by the report
• What is the market growth rate?
• Which segment and region dominate the market in the base year?
• Which segment and region will project the fastest growth in the market?
• Who is the leader in the market?
• How are players addressing challenges to sustain growth?
• Where is the investment opportunity?
Global Log Management Software Market Report Segment
By Component
By Deployment
By Enterprise Size
By Vertical
Global Log Management Software Market Report Segment by Region
North America
• United States
• Canada
Europe
• UK
• Germany
• Italy
• Spain
• France
• Rest of Europe
Asia-Pacific
• China
• India
• Japan
• South Korea
• Rest of Asia-Pacific
Rest of the World
• Latin America
• Middle East & Africa
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