Log management is a method that deals with the exponential volume of computer generated log messages. Log management comprises log collection, consolidated log aggregation, long term log storage & retention, log rotation, log analysis, and log search & reporting. The log management market is primarily driven by concerns related to network and security operations. Log management protects network endpoints and plans from malpractices, cybercriminals, ransom ware and Advanced Persistent Threats (APT).
Increasing need for high volume high speed data coupled with the mounting use of IT applications is likely to drive the log management market over the forecast period. Commercialization of IT across various industry verticals is also likely to drive the log management market over the forecast period. Banking, Financial Services and Insurance (BFSI) sector is expected to propel the demand for log management owing to the development of compliance guidelines along with rise in data requirements. Increasing need for networking and storage requirements in large organizations across various industry verticals is likely to enhance the demand for log management in the near future. The rate of incoming data and data creation along with lack of consistent data is expected to restrain the log management market. Evolution of cloud infrastructure is likely to create more market opportunities for the log management market during the forecast period.
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The log management market is segregated into components, deployment type, and end-user. By component, the market is segmented into solutions and services. Services segment is further sub-segmented into management services and professional services. The solutions segment held majority of the market share in 2016 and is expected to retain its position during the forecast period. Adoption of log management solutions is attributed to the development of cloud computing technologies along with the rise in use of advanced technologies. By deployment type, the log management market is segregated into cloud and on-premises.
Cloud segment is likely to dominate the log management market by the end of the forecast period. On the basis of end-user, the log management market is segmented into BFSI, healthcare, high-tech, retail & e-commerce, media & entertainment and others. BFSI held the dominant share of the log management market in 2016 and is expected to dominate the market over the forecast period. Rise in usage of Internet of Things (IoT) devices coupled with the increased usage of mobile devices is likely to gain traction for this segment. This segment generates a wide amount of data critical to companies, as a result of which there is an increasing need for data security due to rising cybercriminal activities.
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Geographically, the log management market is segmented into North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America. North America held the dominant share of the log management market in 2016 and is expected to retain its position over the forecast period. Wide presence of log management vendors is driving the market in this region as also increasing consumer awareness about log data assessment services and rise in the usage of developed technological platforms. Asia Pacific is the most attractive market owing to the rise in adoption of cloud computing technologies across various end-user industries. Potential demand for log management solutions is likely to drive the market in Asia Pacific. China had a majority share of the log management market in this region. Middle East & Africa is likely to have an increasing market share in the log management market during the forecast period.
Key players in the log management market are International Business Machines Corporation, Intel Security, Splunk, Inc., LogRhythm, Inc., Dell, Inc., Cisco Systems, Inc., Loggly, Inc., Veriato, Inc., Blackstratus, Inc., AlertLogic, AlienVault, and SolarWinds Worldwide, LLC., among others.