According to our latest market study on “Log Management Market Forecast to 2028 – COVID-19 Impact and Global Analysis – by Component, Deployment, Organization Size, and Industry,” the log management market is expected to grow from US$ 2,246.12 million in 2021 to US$ 5,216.67 million by 2028; it is estimated to grow at a CAGR of 12.8% from 2021 to 2028.
Increasing digitalization, cloud usage, and the subsequent rise in data generated create a lucrative outlook for the advanced persistent threats (APTs). APTs hamper the productivity of businesses and damage critical information technology (IT) infrastructure and data of organizations. The intent of APTs is often to steal data than to damage the network. Sectors with high-value information, including defense, manufacturing, finance, and telecom, are the most common targets for APT attacks. Increasing social networking trend is also mainly targeted by APT attackers.
Key Players Influencing the Market
- Alert Logic
- Cisco Systems, Inc.
- IBM Corporation
- LogRhythm, Inc
- Splunk, Inc
- SolarWinds Worldwide, LLC
- Sematext Group Inc
- AT&T Inc
Impact of COVID-19 Pandemic on Log Management Market
Businesses faced new challenges due to the COVID-19 pandemic and the development of remote work environments. Further, as per log management market analysis in 2020, the COVID-19 pandemic arrival in 2020 prompted a slew of challenges for global market operations. Healthcare infrastructures of developed economies collapsed due to the rising number of COVID-19 cases. As a result, the public healthcare emergency requires the governments and market players to intervene and assist in the revival of market operations and revenue through collaborative efforts of research and development initiatives to recover the losses during the forecast period.
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