These players have adopted various growth strategies, such as partnerships, agreements and collaborations, new product launches and product enhancements, and acquisitions, to expand their presence in the Log management market. IBM (US), Splunk (US), Solarwinds (US), Rapid7 (US), Micro Focus (US), RSA (US), McAfee (US), Alert Logic (US), Manage Engine (US), LogRhythm (US), Sumo Logic (US), BlackStratus (US), LogDNA (US), Logit.io (UK), Paessler AG (Germany), Sematext (US), Xpolog (US), Humio (UK), Logz.io (Israel), Anodot (US), Loom Systems (US), Chaos Search (US), Coralogix (US), Datadog (US). This is necessitating the demand for efficient log management solutions and services, as telecom service providers need an efficient log management system in their network that complies with government norms by gathering and managing the online logs of the subscribers as per government regulations. To safeguard the public from threats, such as cybercrimes, cyberbullying, cyber terrorism, and to help Law Enforcement Agencies (LEAs) with their investigations, regulatory authorities across the globe have recommended telecom and internet service providers to gather traffic information of their users, which may help LEAs with their investigations. With a tremendous surge in mobile data usage and a shift in the telecom industry from voice to data, log management is becoming a necessity for all telecom service providers. In vertical, telecom to grow at the highest CAGR during the forecast period Cloud-based deployment of log management solutions and services is expected to witness increased adoption during the forecast period. Cloud-based log management seamlessly aggregates structured and unstructured logs in a centralized repository that offers better visibility across distributed security environments and allows clients to manage all logs from a single screen. According to Loggly, cloud-based log management and analytics service are easy to set up without any complex configuration requirements. Cloud-based log management services accelerate search and analysis to help clients quickly identify errors and determine root causes for faster troubleshooting. Cloud-based log management helps businesses to cost-effectively collect, normalize, and report on enterprise-wide security-related data necessary for compliance and security investigations. To reduce the cost and complexity of the security process and to ensure compliance with external and internal requirements, effective management of log data is essential. Log management helps in performing various functions such as ensuring security, system, and network administrators regularly to perform effective analysis of log data, protecting the confidentiality, integrity, and availability of logs, identify security incidents, monitor policy violations, identify fraudulent activities, etc.īy deployment mode, cloud based segment to hold the largest market size during the forecast period The global Log Management Market size is expected to grow from USD 2.3 billion in 2021 to USD 4.1 billion by 2026, at a Compound Annual Growth Rate (CAGR) of 11.9% from 2021 to 2026. Log Management Market by Component (Solution and Services), Organization Size (Large Enterprises and SMEs), Deployment Mode (Cloud and On-premises), Vertical (IT and ITeS, BFSI, Healthcare, Telecom, and Education), and Region – Global Forecast to 2026