Report : Asia Pacific Log Management Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Component (Solutions and Services), Deployment (On Premise and Cloud-Based), Organization Size (Small & Medium Enterprises Large Enterprises), and Industry (IT & Telecom, BFSI, Healthcare, Education, Retail & Ecommerce, and Others)
Large Enterprises Segment to Dominate APAC Log Management Market during 2020–2028
According to a new market research study on “APAC Log Management Market to 2028 – COVID-19 Impact and Regional Analysis and Forecast by Component, Deployment, Organization Size, and Industry” is expected to reach US$ 1,215.48 million by 2028 from 470.94 US$ million in 2021. The market is estimated to grow at a CAGR of 14.5% from 2021 to 2028. The report provides trends prevailing in the APAC log management market along with the drivers and restraints pertaining to the market growth. Significant surge in integration of artificial intelligence and machine learning technologies is the major factor driving the growth of the APAC log management market. However, issues associated with presence of open-source log management platforms hinders the growth of APAC log management market.
The APAC log management market is segmented on the basis of component, deployment, organization size, industry, and country. The market, based on component, is segmented into solution and services. The solution segment accounted for a larger market share in 2020. By deployment, the market is segmented into cloud-based and on premise. In 2020, the cloud-based segment accounted for a larger market share. The APAC log management market, by organization size, is segmented into small and medium-sized enterprises and large enterprises. In 2020, the large enterprises segment accounted for a larger market share in 2020. Based on industry, the market is segmented into IT & telecom, BFSI, healthcare, retail & ecommerce, telecom, education, and others. The IT & telecom segment accounted for the largest market share in 2020. Based on country, the APAC log management market is segmented into Australia, China, India, Japan, South Korea, and the Rest of APAC.
AT&T Inc; Cisco Systems, Inc.; Datadog; IBM Corporation; LogRhythm, Inc.; ManageEngine; SolarWinds Worldwide, LLC; and Splunk, Inc. are among the leading companies in the APAC log management market. The companies are focused on adopting organic growth strategies such as product launches and expansions to sustain their position in the dynamic market. For instance, in 2021, Cisco Announces Intent to acquire Kenna Security to Deliver Industry Leading Vulnerability Management.
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