Lucintel Forecasts the Global Log Management Market to Reach $4.8 billion by 2030
Lucintel Forecasts the Global Log Management Market to Reach $4.8 billion by 2030
Blog Article
According to a market report by Lucintel, the future of the global log management market looks promising with opportunities in the IT and ITes, banking, financial services, and insurance, healthcare, retail and ecommerce, telecom, and education markets. The global log management market is expected to reach an estimated $4.8 billion by 2030 from $2.5 billion in 2024,at a CAGR of 11.4% from 2024 to 2030. The major drivers for this market are escalating sophistication of cyberattacks drives the need for log management to enable early detection of such threats, existence of rigorous government regulations and compliance standards, and increasing availability of computer-generated log data accessible to IT engineers.
A more than 150-page report to understand trends, opportunity and forecast in log management market to 2030 by organization size (SMEs and large enterprises), component (solution and services), deployment mode (cloud based and on premises), end use (IT and ITes, banking, financial services, and insurance, healthcare, retail and ecommerce, telecom, education, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World).
Lucintel forecasts that, within the organization size category, large enterprise segment is expected to witness higher growth over the forecast period due to substantial volume of information is generated on a daily basis from IT systems.
Within the end use category, IT and ITes segment will remain the largest segment due to increase in number of cybercrimes.
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In terms of regions, North America will remain the largest region over the forecast period due to technological advancements and rising advanced persistent threats and targeted attacks in the region.
IBM, Splunk, Solarwinds, Rapid7, Micro Focus are the major suppliers in the log management market.
This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or write us at helpdesk@lucintel.comTo get access of more than 1000 reports at fraction of cost visit Lucintel'sAnalytics Dashboard.
About Lucintel
At Lucintel, we offer solutions for you growth through game changer ideas and robust market &unmet needs analysis. We are based in Dallas, TX and have been a trusted advisor for 1,000+ clients for over 20 years. We are quoted in several publications like the Wall Street Journal, ZACKS, and the Financial Times.
Contact:
Roy Almaguer
Lucintel
Dallas, Texas, USA
Email: roy.almaguer@lucintel.com
Tel. +1-972-636-5056
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