IT Event and Log Management Market
IT Event and Log Management Market & Trends Analysis Report by Component (Solutionsand Services), by Deployment Mode (Cloud and On-Premises), and by End User (IT andTelecom, BFSI, Healthcare, and Education) Forecast Period (2022-2028) Update Available - Forecast 2024-2030
IT event and log management market is anticipated to grow at a CAGR of 11.2% during the forecast period. The market growth is driven by the surge in the integration of artificial intelligence (AI) and machine learning (ML) technologies, using a centralized log analysis system.The integration is majorly done due to the multiple benefits offered by the cloud-based log management platform. Some of the benefits include, reduction in complexity, perform the fast searches, and use powerful visualization capabilities to monitor key metrics. . Moreover, the adoption of the platform is increasing by large enterprises and small and medium enterprises (SMEs) for the early detection of cyberattacks. For instance, in a survey conducted on small and medium size enterprises(SMEs) by QuickBooks in the US in March 2022, around 42% of thesurveyedexperienced a cybersecurity breach. Malware was cited by 18% as the most common type of security threat, followed by phishing by17%, and data breaches by16%. Furthermore, website hacking was mentioned by 15%, DDoS attacks by 12%, and ransomware by 10%, as stated by SMEs.
Segmental Outlook
The global IT event and log management market is segmented based on the component, deployment mode and end user. Based on the component, the market is segmented into solutions and services. Based on the deployment,mode the market is bifurcated into the cloudand on-premises. Based on end-user, the market is sub-segmented into IT, telecom, BFSI, healthcare, and education. Among theend user, the BFSI sector is expected to grow at a significant CAGR over the forecast period, owing to the increase in implementation of the compliance guidelines, as the BFSI industry globally is rapidly shifting toward the adoption of various IT software.
Among the component, the solutions segment is expected to grow at a considerable rate in the market during the forecast period. Increasing demand for security among various end-user industries to improve their productivity and provide management solutions at an affordable rateto boost segmental growth. Moreover, owing to the rising application of log management solutions for the identification of various types of events for managing application logs, security logs, and system logs have pushed market players for adopting strategies such as partnerships, and others.For instance, in June 2021, Snare Solutions partnered with Armoureye. With this partnership, both the company provides access to best-of-breed log management and collection technology to organization to keep them updated with emerging cybersecurity requirements, in North America.
Both companies provide mid-market and enterprise organizations across North America access to best-of-breed log management and collection technology to keep up with emerging cybersecurity requirements.
Regional Outlooks
The global IT event and log managementmarket is further segmented based on geography including North America (the US, and Canada), Europe (Italy, Spain, Germany, France, and Others), Asia-Pacific (India, China, Japan, South Korea, and Others), and the Rest of the World (the Middle East &Africa, and Latin America). North America is expected to grow at significant rate during the forecast period. The region comprises of developed countires, such as the US and Canada, which are prospective markets for log management providers due to the huge presence of a diverse customer base for several industries.
Global IT Event and Log Management Market Growth, by Region 2022-2028
The Asia-Pacific has Witnessed Robust Growth in the Global IT Event and Log Management Market
Asia Pacific is one of the fastest-growing regions in the IT event and log management market. The growth is mainly driven by an increasing number of cyberattacks acrossvarious end-user industries, coupled with the increasing adoption of cloud-based log management software for the early detection of cyberattacks,. For instance, in February 2022, Asia was the top targeted region for cyberattacks as per IBM Security X-Force Threat Intelligence Index. As a result, IBM invested in establishing a security operation center (SOC) and IBM Security Command Center, providing 24x7 security solutions to clients across the AsiaPacific region. This new cybersecurity hub will assist Asia-Pacific organizations with the early detection of threats.
Market Players Outlook
The major companies serving the global IT event and log management market include Datadog Inc., IBM, Micro Focus, Solar Winds, Sumo Logic Inc., Alert Logic, Inc., ChaosSearch Inc., and others. The market players are considerably contributing to the market growth by the adoption of various strategies including mergers andacquisitions, collaborations, funding, and new product launches, to stay competitive in the market. For instance,inOctober 2021, Datadog Inc. releasedOnline Archives, an always-on log warehousing solution. The solution enables organizations to retain and search log data for 15 months, within the same costrequired to index data for amonth. This will further allow teams to continue using indexes for real-time log streaming and alerting scenarios and use Online Archives for situations requiring historical investigation and analysis including security audits.
The Report Covers
- Market value data analysisof 2021 and forecast to 2028.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global IT event and log managementmarket. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
1. Report Summary
• Current Industry Analysis and Growth Potential Outlook
1.1. Research Methods and Tools
1.2. Market Breakdown
1.2.1. By Segments
1.2.2. ByRegion
2. Market Overview and Insights
2.1. Scope of the Report
2.2. Analyst Insight & Current Market Trends
2.2.1. Key Findings
2.2.2. Recommendations
2.2.3. Conclusion
3. Competitive Landscape
3.1. Key Company Analysis
3.2. Datadog Inc.
3.2.1. Overview
3.2.2. Financial Analysis
3.2.3. SWOT Analysis
3.2.4. Recent Developments
3.3. IBM
3.3.1. Overview
3.3.2. Financial Analysis
3.3.3. SWOT Analysis
3.3.4. Recent Developments
3.4. Micro Focus
3.4.1. Overview
3.4.2. Financial Analysis
3.4.3. SWOT Analysis
3.4.4. Recent Developments
3.5. Solar Winds
3.5.1. Overview
3.5.2. Financial Analysis
3.5.3. SWOT Analysis
3.5.4. Recent Developments
3.6. Sumo Logic Inc.
3.6.1. Overview
3.6.2. Financial Analysis
3.6.3. SWOT Analysis
3.6.4. Recent Developments
3.7. Key Strategy Analysis
4. Market Segmentation
4.1. Global IT Event and Log Management Market by Component
4.1.1. Solution
4.1.2. Services
4.2. Global IT Event and Log ManagementMarket by Deployment Mode
4.2.1. Cloud
4.2.2. On-Premises
4.3. Global IT Event and Log Management Market by End User
4.3.1. IT and Telecom
4.3.2. BFSI
4.3.3. Healthcare
4.3.4. Education
4.3.5. Others
5. Regional Analysis
5.1. North America
5.1.1. US
5.1.2. Canada
5.2. Europe
5.2.1. UK
5.2.2. Germany
5.2.3. Italy
5.2.4. Spain
5.2.5. France
5.2.6. Rest of Europe
5.3. Asia-Pacific
5.3.1. China
5.3.2. India
5.3.3. Japan
5.3.4. South Korea
5.3.5. Rest of Asia-Pacific
5.4. Rest of the World
6. Company Profiles
6.1. Alert Logic, Inc.
6.2. ChaosSearch Inc.
6.3. Coralogix Ltd
6.4. CrowdStrike, Inc.
6.5. Graylog, Inc
6.6. LogRhythm, Inc.
6.7. Logs Hero Ltd.
6.8. Loom Systems Ltd.
6.9. McAfee LLC
6.10. Rapid7
6.11. RSA
6.12. Sematext Group, Inc.
6.13. Splunk Inc
6.14. Veriato Inc.
1. GLOBAL IT EVENT AND LOG MANAGEMENT MARKET RESEARCH AND ANALYSIS BY COMPONENT, 2021-2028 ($ MILLION)
2. GLOBAL IT EVENT AND LOG MANAGEMENT SOLUTION MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
3. GLOBAL IT EVENT AND LOG MANAGEMENT SERVICES MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
4. GLOBAL IT EVENT AND LOG MANAGEMENT MARKET RESEARCH AND ANALYSIS BY DEPLOYMENT MODE, 2021-2028 ($ MILLION)
5. GLOBAL CLOUD-BASED IT EVENT AND LOG MANAGEMENT MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
6. GLOBAL ON-PREMISES IT EVENT AND LOG MANAGEMENT MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
7. GLOBAL IT EVENT AND LOG MANAGEMENT MARKET RESEARCH AND ANALYSIS BY END USER VERTICALS, 2021-2028 ($ MILLION)
8. GLOBAL IT EVENT AND LOG MANAGEMENT FOR IT AND TELECOM MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
9. GLOBAL IT EVENT AND LOG MANAGEMENT FOR BFSI MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
10. GLOBALIT EVENT AND LOG MANAGEMENT FOR HEALTHCARE MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
11. GLOBAL IT EVENT AND LOG MANAGEMENT FOR EDUCATION MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
12. GLOBAL IT EVENT AND LOG MANAGEMENT FOR OTHERS DEPLOYMENT MODE MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
13. GLOBAL IT EVENT AND LOG MANAGEMENT MARKET RESEARCH AND ANALYSIS BYREGION , 2021-2028 ($ MILLION)
14. NORTH AMERICAN IT EVENT AND LOG MANAGEMENT MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2021-2028 ($ MILLION)
15. NORTH AMERICAN IT EVENT AND LOG MANAGEMENT MARKET RESEARCH AND ANALYSIS BY COMPONENT, 2021-2028 ($ MILLION)
16. NORTH AMERICAN IT EVENT AND LOG MANAGEMENT MARKET RESEARCH AND ANALYSIS BY DEPLOYMENT MODE, 2021-2028 ($ MILLION)
17. NORTH AMERICAN IT EVENT AND LOG MANAGEMENT MARKET RESEARCH AND ANALYSIS BY END USER VERTICALS, 2021-2028 ($ MILLION)
18. EUROPEAN IT EVENT AND LOG MANAGEMENT MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2021-2028 ($ MILLION)
19. EUROPEAN IT EVENT AND LOG MANAGEMENT MARKET RESEARCH AND ANALYSIS BY COMPONENT, 2021-2028 ($ MILLION)
20. EUROPEAN IT EVENT AND LOG MANAGEMENT MARKET RESEARCH AND ANALYSIS BY DEPLOYMENT MODE, 2021-2028 ($ MILLION)
21. EUROPEAN IT EVENT AND LOG MANAGEMENT MARKET RESEARCH AND ANALYSIS BY END USER INDUSTRY, 2021-2028 ($ MILLION)
22. ASIA-PACIFIC IT EVENT AND LOG MANAGEMENT MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2021-2028 ($ MILLION)
23. ASIA-PACIFIC IT EVENT AND LOG MANAGEMENT MARKET RESEARCH AND ANALYSIS BY COMPONENT, 2021-2028 ($ MILLION)
24. ASIA-PACIFIC IT EVENT AND LOG MANAGEMENT MARKET RESEARCH AND ANALYSIS BY DEPLOYMENT MODE, 2021-2028 ($ MILLION)
25. ASIA-PACIFIC IT EVENT AND LOG MANAGEMENT MARKET RESEARCH AND ANALYSIS BY END USER INDUSTRY, 2021-2028 ($ MILLION)
26. REST OF THE WORLD IT EVENT AND LOG MANAGEMENT MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2021-2028 ($ MILLION)
27. REST OF THE WORLD IT EVENT AND LOG MANAGEMENT MARKET RESEARCH AND ANALYSIS BY COMPONENT, 2021-2028 ($ MILLION)
28. REST OF THE WORLD IT EVENT AND LOG MANAGEMENT MARKET RESEARCH AND ANALYSIS BY DEPLOYMENT MODE, 2021-2028 ($ MILLION)
29. REST OF THE WORLD IT EVENT AND LOG MANAGEMENT MARKET RESEARCH AND ANALYSIS BY END USER INDUSTRY, 2021-2028 ($ MILLION)
1. GLOBAL IT EVENT AND LOG MANAGEMENT MARKET SHARE BY COMPONENT, 2021 VS 2028 (%)
2. GLOBAL IT EVENT AND LOG MANAGEMENT SOLUTION MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
3. GLOBAL IT EVENT AND LOG MANAGEMENT SERVICES MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
4. GLOBAL IT EVENT AND LOG MANAGEMENT MARKET SHARE BY DEPLOYMENT MODE, 2021 VS 2028 (%)
5. GLOBAL CLOUD BASED IT EVENT AND LOG MANAGEMENT MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
6. GLOBAL ON PREMISES FOR IT EVENT AND LOG MANAGEMENT MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
7. GLOBAL IT EVENT AND LOG MANAGEMENT MARKET SHARE BY END USER, 2021 VS 2028 (%)
8. GLOBAL IT EVENT AND LOG MANAGEMENT FOR IT AND TELECOM MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
9. Global IT EVENT AND LOG MANAGEMENT FOR BFSI MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
10. GLOBAL IT EVENT AND LOG MANAGEMENT FOR HEALTHCARE MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
11. GLOBAL IT EVENT AND LOG MANAGEMENT FOR EDUCATION MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
12. GLOBAL IT EVENT AND LOG MANAGEMENT FOR OTHERS DEPLOYMENT MODE MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
13. GLOBAL IT EVENT AND LOG MANAGEMENT MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
14. US IT EVENT AND LOG MANAGEMENT MARKET SIZE, 2021-2028 ($ MILLION)
15. CANADA IT EVENT AND LOG MANAGEMENT MARKET SIZE, 2021-2028 ($ MILLION)
16. UK IT EVENT AND LOG MANAGEMENT MARKET SIZE, 2021-2028 ($ MILLION)
17. FRANCE IT EVENT AND LOG MANAGEMENT MARKET SIZE, 2021-2028 ($ MILLION)
18. GERMANY IT EVENT AND LOG MANAGEMENT MARKET SIZE, 2021-2028 ($ MILLION)
19. ITALY IT EVENT AND LOG MANAGEMENT MARKET SIZE, 2021-2028 ($ MILLION)
20. SPAIN IT EVENT AND LOG MANAGEMENT MARKET SIZE, 2021-2028 ($ MILLION)
21. REST OF EUROPE IT EVENT AND LOG MANAGEMENT MARKET SIZE, 2021-2028 ($ MILLION)
22. INDIA IT EVENT AND LOG MANAGEMENT MARKET SIZE, 2021-2028 ($ MILLION)
23. CHINA IT EVENT AND LOG MANAGEMENT MARKET SIZE, 2021-2028 ($ MILLION)
24. JAPAN IT EVENT AND LOG MANAGEMENT MARKET SIZE, 2021-2028 ($ MILLION)
25. SOUTH KOREA IT EVENT AND LOG MANAGEMENT MARKET SIZE, 2021-2028 ($ MILLION)
26. REST OF ASIA-PACIFIC IT EVENT AND LOG MANAGEMENT MARKET SIZE, 2021-2028 ($ MILLION)
27. REST OF THE WORLD IT EVENT AND LOG MANAGEMENT MARKET SIZE, 2021-2028 ($ MILLION)
