Log Management Global Market Report 2024

Log management involves the continuous collection, storage, processing, aggregation, and analysis of data from various programs and applications. Its purpose is to optimize system performance, identify technical problems, manage resources more effectively, enhance security, and ensure compliance.

The main components of the log management market include solutions and services. Log management solutions gather, sort, and store log data and event logs from diverse sources in a centralized location. This centralized repository serves as a single point of access to essential network and application data. Log management deployment methods encompass cloud and on-premise solutions, catering to enterprises of varying sizes, including both large enterprises and small and medium enterprises (SMEs). Log management is utilized across various industry verticals, including healthcare, manufacturing, energy and utilities, IT and telecommunications, retail and consumer goods, transportation and logistics, government and public utilities, banking, financial services, and insurance (BFSI), among others.

The log management research report is one of a series of new reports that provides log management statistics, including log management industry global market size, regional shares, competitors with log management share, detailed log management segments, log management market trends and, log management market opportunities, and any further data you may need to thrive in the log management industry. This log management research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.

The log management market size has grown rapidly in recent years. It will grow from $2.23 billion in 2023 to $2.57 billion in 2024 at a compound annual growth rate (CAGR) of 15.4%. The growth observed during the historic period can be attributed to several factors, including the increasing cybersecurity concerns, the emphasis on regulatory compliance, the rising complexity of IT environments, and a growing awareness and focus on education in the context of log management.

The log management market size is expected to see rapid growth in the next few years. It will grow to $4.72 billion in 2028 at a compound annual growth rate (CAGR) of 16.4%.
The anticipated growth in the forecast period can be attributed to a heightened focus on user behavior analytics. Major trends expected in the forecast period include integration with Security Information and Event Management (SIEM) solutions, integration of artificial intelligence (AI) and machine learning capabilities, increased adoption of cloud-based log management, proliferation of Internet of Things (IoT) devices, automation and orchestration of log management processes, emphasis on user-friendly interfaces, and a commitment to cross-platform compatibility.

The growth of the log management market is being propelled by the increasing dependence on information technology and the substantial generation of log data. Digital technologies have become pivotal for economic growth, national security, and international competitiveness. The rise in internet accessibility and the expanding digital presence online have led to a significant surge in data volume. With over 2.5 quintillion bytes of data generated daily, there is a heightened demand for data management services. Consequently, the escalating volume of data is anticipated to drive the need for storage and processing, fostering the growth of the log management market in the forecast period.

The surge in cyber threats is expected to be a driving force behind the growth of the log management market in the years to come. Cyber threats, aimed at compromising the security, integrity, accessibility, or privacy of a data system, have become increasingly frequent. Log management plays a pivotal role in a company's cybersecurity framework, enabling the tracking, identification, response, and analysis of cyber threats. Notably, in November 2022, the Australian Signals Directorate's Australian Cyber Security Centre reported receiving over 76,000 cybercrime reports, reflecting a roughly 13% increase over the previous fiscal year. This equates to one complaint every 7 minutes. Thus, the growing frequency of cyber threats is a significant driver for the log management market.

Leading companies in the log management market are concentrating on the development of innovative products, such as log management programs, to better cater to the needs of their existing clientele. A log management program is a software solution that enables businesses to collect, organize, analyze, and manage log data from various sources, including users, servers, networks, and endpoints. For instance, in February 2022, a Log Management Program was launched. This integrated program incorporates an event log management maturity model, Azure SOC Accelerator, unique cyber analytics, an interactive training workbook, and federal agency savings. By pulling data from over 50 Microsoft products, the Log Management Program provides unparalleled insight and corrective capabilities from a single interface.

Major players in the log management market are actively engaging in strategic agreements, such as partnerships and collaborations, to develop new products and enhance their existing product portfolios. Strategic partnerships involve leveraging each other's strengths and resources for mutual benefits and success. For example, in April 2023, LogRhythm Inc., a global security intelligence and log management company, announced a partnership with Zscaler, Inc. This collaboration aims to assist enterprises worldwide in enhancing network insight and addressing various cloud access security concerns faced by modern Security Operations Centers (SOCs). LogRhythm SIEM, combined with the Zscaler Zero Trust Exchange platform, offers unparalleled visibility and security to support a contemporary Zero Trust architecture.

In February 2021, CrowdStrike, a cybersecurity technology company, revealed the acquisition of Humio for $400 million. This acquisition positions CrowdStrike to offer complete observability for developers, security analysts, and IT professionals, enabling them to explore threats and vulnerabilities in real-time through comprehensive event analysis of computer-generated data. The acquisition further strengthens CrowdStrike's ability to ingest and correlate data from any log, application, or feed for actionable insights and real-time protection.

Major companies operating in the in the log management market report are International Business Machines Corporation, Splunk Inc., SolarWinds Corporation, Rapid7 Inc., McAfee LLC, Alert Logic Inc., Intel Corporation, LogRhythm Inc, Veriato Inc, Micro Focus International plc, RSA Security LLC, BlackStratus Inc., Loggly Inc., Sematext Group Inc., AT&T Cybersecurity Inc., Logshero Ltd., Sumo Logic Inc., Zoho Corporation, LogDNA Inc., Logit. io Ltd., Paessler AG, XpoLog Ltd., Humio ApS, Anodot Ltd., Loom Systems Ltd., ChaosSearch Inc., Coralogix Ltd., Datadog Inc., Trend Micro Incorporated, Juniper Networks Inc, Dell Inc.

North America was the largest region in the log management market in 2023. The regions covered in the log management market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

The countries covered in the log management market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Italy, Canada, Spain.

The log management market includes revenues earned by entities by providing services such as perimeter device logs, windows event logs, endpoint logs, application logs, proxy logs, IoT logs. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified)).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.


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