The log management market size is expected to grow from USD 707 Million in 2017 to USD 1,248.9 Million by 2022, at a Compound Annual Growth Rate (CAGR) of 12.1%. The base year considered for the study is 2016 and the market size is calculated from 2017 to 2022. The reason behind the high growth rate is the increased need to secure IT infrastructures from advanced cyber-attacks, such as, zero day attacks, ransomwares and malwares.

The major growth drivers of the market include increasing Advanced Persistent Threats (APTs), strong regulation and compliance requirements, and increasing network complexities, and growth in the number of network devices. Easy availability of free and open source log management solutions may restrict the log management market’s growth.

The global log management market has been segmented on the basis of regions into North America, Europe, Asia Pacific (APAC), Middle East and Africa (MEA), and Latin America to provide a region-specific analysis in the report. The North American region, followed by Europe, is expected to become the largest revenue-generating region for log management services in 2017. This is mainly because the organizations in the developed economies of the US and Canada are highly focused on innovations obtained from Research and Development (R&D) and security technologies. The APAC region is expected to be the fastest-growing region in the market. The growth in this region is primarily driven by the increasing adoption of IoT devices and BYOD technologies within organizations.

Key Target Audience for Log Management Market are: Government agencies, Log management vendors, Network solution providers, Independent software vendors, Consulting firms, System integrators, VARS, MSSPs

The log management ecosystem comprises major vendors such as IBM Corporation (New York, US), Intel Security (California, US), SolarWinds Worldwide, LLC (Texas, US), Splunk Inc. (California, US), LogRhythm, Inc. (Colorado, US), Alert Logic (Texas, US), Loggly, Inc. (California, US), AlienVault (California, US), Veriato, Inc. (California, US), and Blackstratus, Inc. (Palm Beach, US). Other stakeholders include log management service providers, consulting firms, Information Technology (IT) service providers, Value-Added Resellers (VARs), enterprise users, and security and access management technology providers.