The global log management software market is anticipated to grow at a CAGR of 9.2% during the forecast period. 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.
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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.
Global Log Management Software Market Report Segment
By Component
- Solutions
- Services
By Deployment
- Cloud
- On-Premises
By Enterprise Size
- Large Enterprises
- Small & Medium-Sized Enterprises
By Vertical
- BFSI
- Government
- Healthcare
- IT and Telecom
- Education
- Others (Retail and E-commerce)
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Log Management Software Market Report Segment by Region
North America
- United States
- Canada
Europe
- Germany
- United Kingdom
- France
- Spain
- Italy
- Rest of Europe
Asia-Pacific
- China
- Japan
- India
- Rest of Asia-Pacific
Rest of the World
- Middle East & Africa
- Latin America
Company Profiles
- Coralogix LTD.
- Datadog
- Dynatrace LLC.
- Elasticsearch B.V.
- Fluentd Project.
- Fortra, LLC
- LogicMonitor Inc.
- Logpoint
- LogRhythm, Inc.
- Nagios Enterprises, LLC
- Netwrix Corp.
- New Relic, Inc.
- OpenText
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