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(Wireless-NewsWire.Com, October 25, 2018 ) The Global Log Management Market was valued at USD 635.44 million in 2016 and is projected to reach USD 1,837.1 million by 2025, growing at a CAGR of 12.52% from 2017 to 2025.
Log management can be defined as the accumulation of the policies and the processes that are used to facilitate and administer the analysis, storage, archiving, transmission, generation, and ultimate disposal of large volumes of data that is created within the information system. Log management incorporates the indexing of data into several different categories and long-term storage strategies in which individuals can evaluate the information. The log management system is advantageous as it works with multiple formats, correlates events, meets compliance requirements, and culminates logs in a specific location.
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As there is a rise in the number of network devices such as cloud-based log management solutions, there are growing network complexities. These factors drive the market for log management. The lack of standardizations in the format of log management, as well as the availability of open source log management solutions, restrain the market growth of log management.
Competitive Landscape:
The major players in the market are as follows:
Intel Security
Blackstratus
Solarwinds Worldwide, LLC
IBM Corporation
Veriato, Inc.
Splunk, Inc.
Alienvault, Inc.
Sematext Group, Inc.
Loggly, Inc.
Logrhythm, Inc.
Alert Logic, Inc.
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