Log Management industry analysis research and trends report for 2017-2024

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Log Management Market Pit Falls, Present Scenario
and Growth Prospects from 2017 to 2024 Global
Market Insights Inc.
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Regional Analysis of Log Management Market

• The log management market service providers are
  mainly found in North America and Asia Pacific.
  North America is expected to have the highest
  market share owing to its advancements in
  technology, growth in innovation, and high
  technology adoption rate. In 2017, the U.S. and
  Canada are anticipated to be the highest
  revenue-generating economies for log management
  market services mainly owing to the presence of
  businesses, which are majorly focused on the
  security technologies and RD.
• Asia Pacific industry is expected to grow on a
  large-scale. Emerging economies in this region
  are adopting log management systems on a
  large-scale. The growing demand due to increasing
  population and availability of labor at minimal
  costs are the main reasons behind the increasing
  industry share in countries such as India, China,
  and Singapore for the log management market.

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Application Analysis of Log Management Market

• Moreover, managing of services is helping in
  decreasing work risks and in handling the network
  operational processes by combating the
  difficulties involved in the infrastructure of
  the systems. The log management market is facing
  complexity in the integration of IoT and
  operating systems. To overcome this complexity,
  the users require training thereby providing an
  impetus to consulting services, which is expected
  to witness a substantial growth over the forecast
  time span. Log management market is also being
  used to produce technical information to help in
  detecting and solving various bugs present in the
  system and examining new features in the
  development phase.
• End users in the log management market include
  various retail firms, telecommunication
  departments, healthcare industries, government
  administrations, and BFSI providers. The BFSI
  providers are expected to have a large market
  share over the forecast timeline. Banks are
  liable for cybercrimes and security issues.
  Banks, as well as financial service providers,
  are relying on the log data for preventing fraud
  and to make sure various activities occurring on
  the network meet the necessary regulatory
  requirements. Increasing usage of IoT devices,
  BYOD concept, and a growing usage of mobile apps
  for banking payments are offering ample
  opportunities for the BFSI segments growth in
  the industry.

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Competitive Market Share of Log Management
Market

• The key industry players involved in the log
  management market include Dell, IBM, Trend Micro,
  Inc., Juniper Networks, Cisco, Symantec, Intel,
  Solar Winds Worldwide, LLC, Splunk, Inc., Log
  Rhythm, Inc., Alert Logic, Loggly, Inc., Alien
  Vault, Veria, Inc., and Black Stratus, Inc. These
  players are investing huge funds in RD and are
  coming up with innovative technologies and new
  products to maintain their position in the log
  management market. For instance, Alert Logic is a
  cloud security provider acquired by Welsh Carson.
  Through this acquisition, Alert Logic will
  enhance the scale of the business and meet the
  rising demand for IT security in the virtualized
  data centers and cloud platform.

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