Global log management market to reach USD 4.6 billion by 2027. Global log management market is valued approximately at USD 2.1 billion in 2020 and is anticipated to grow with a healthy growth rate of about 11.9% over the forecast period 2021-2027. Log management comprises an approach which deals with large volumes of computer-generated log messages. Log management generally includes centralized log aggregation, log collection, log rotation, long-term log storage and retention, log search and reporting and log analysis. The global log management market is being driven by large data generation due to increased dependence on IT infrastructure and increasing sophistication of cyberattacks. Furthermore, increasing trend of cloud-based log management practices will provide new opportunities for the global log management industry. There has been increase in the generation of big data which is expected to witness a significant share from the IT industry. According to Statista, the market size revenue of big data across the globe is expected to increase from USD 7.6 billion in 2011 to approximately USD 103 billion by 2027. Such growth in the market revenue of big data across the globe is expected to increase the demand and adoption of log management software and services which would have a positive impact on the growth of global log management market during the forecast period and boost the market growth. However, presence of open-source log management tools may impede market growth over the forecast period of 2021-2027.

The regional analysis of the global log management market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America, and Rest of the World. North America accounts for the largest share in terms of market revenue in the global log management market over the forecast period 2021-2027. Factors such as adoption of security infrastructure, technological developments and advancements, increase in targeted attacks and advanced persistent threats (APTs), presence of majority of the key market giants across the region, etc. contribute towards the largest market share of the region in the forecast years.

Major market player included in this report are:
IBM
Splunk
Solarwinds
Rapid7
Micro Focus
RSA
McAfee
Alert Logic
Manage Engine
LogRhythm

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Component:
Solution
Services
By Deployment Mode:
Cloud Based
On Premises
By Organization Size:
Small and Medium-Sized Enterprises
Large Enterprises
By Vertical:
IT and ITeS
Banking, Financial Services, And Insurance
Healthcare
Retail and Ecommerce
Telecom
Education
Others
By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE

Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Rest of the World

Furthermore, years considered for the study are as follows:

Historical year - 2018, 2019
Base year - 2020
Forecast period - 2021 to 2027.

Target Audience of the Global Log Management Market in Market Study:

Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers
Investors