Log Management Market comprises approaches to deal with huge volumes of computer generated log messages like audit trails, audit records, event logs among others. It aids enterprises to enhance and improve regulatory and security compliance. In an organization, every computing devices generates innumerous numbers logs per day. To monitor the enormous set of event logs, log management platform is used that helps in maintain continuous security and identifying security breaches within the organization. This platform protects devices, endpoints and networks from different malicious attacks, ransom wares, advanced persistent threats and sophisticated cyber criminals. Implementation of log management platforms, private and public organizations are likely to prevent security threats, enhance information security infrastructure and cut down business costs. Due to this reason, enterprises are deploying advanced management solutions and services to secure endpoints and networks from cyber threats.
The global log management market is primarily driven by increasing advanced persistent threats (APTs). Advanced persistent threats are the set of continuous and stealthy computer hacking process carried out by the cybercriminals for targeting specific entities. These types of attacks are doe to place malicious code on computers that remain undetected for the long term period for specific tasks. Due to this factor the log management market is witnessing huge demand. Another major drivers in this market is the increasing numbers of networks and network complications. Log management helps the system to detect various types of network intrusions, prevent unauthorized access, tracks suspicious behaviors and monitor users activity. With the increasing numbers of networks, it is very difficult to track user activity and access. To avoid such complexities, log management is used that is likely to help detect intrusions and suspicious behavior easily. Moreover, requirement of strong regulations and compliances is also boosting the global log management market during the forecast period. Compliance with standards like the NIST guide for HIPAA implementation, the VISA Cardholder Information Security Program (CISP) The Sarbanes-Oxley Act (SOX) of 2002 and others has been a strong dynamism in increasing the alertness of maintaining log data.
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Besides various driving indicators, there are certain factors hindering the growth of the log management market during the forecast period. One such factors is the lack of standard log format. There are difference in the log data between routers, firewalls, servers, wireless access points and other log sources. Even there is a huge log data differences between one vendor’s products with another. Moreover, difference in the time zone is also a major issue.
One of the important opportunities in the global log management market is the increasing adoption of cloud based log management solutions. This technology is likely to deliver prompt, reliable, secure, service which is likely to help the market grow.
The log management market on the basis of components is bifurcated into services and solutions. Services is further bifurcated into managed services and professional services. Based on the deployment type the market has been segregated into cloud and on-premises. On the basis of organization size, the market is segmented into large enterprises and small enterprises. Moreover, on the basis of industries, the log management market has been bifurcated into healthcare, banking, IT and telecom, retail, energy and others. The geographical split of the market encompasses North America, Asia Pacific, Middle East and Africa, Europe, and Latin America. North America is anticipated to hold the highest market share during the estimated period. The North America log management market is primarily driven due to the presence of huge number of log management vendors.
Some of the main players in the log management market comprises Intel Security (U.S.), Solarwinds Worldwide LLC (U.S.), International Business Machines Corporation (U.S.), Splunk, Inc. (U.S.), Alert Logic Inc. (U.S.), Logrhythm Inc. (U.S.), Loggly Inc.(U.S.), Alienvault Inc.(U.S.), Veriato Inc.(U.S.), Rapid7 Inc. (U.S.) and Sematext Group Inc. (U.S.) among others.
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