IT and Telecom Segment to Dominate SAM Log Management Market during 2020–2028      

According to a new market research study on “SAM 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$ 125.20 million by 2028 from 61.19 US$ million in 2021. The market is estimated to grow at a CAGR of 10.8% from 2021 to 2028. The report provides trends prevailing in the SAM log management market along with the drivers and restraints pertaining to the market growth. Growing use of cloud-based log management platform is the major factor driving the growth of the SAM log management market. However, issues associated with presence of open-source log management platforms hinders the growth of SAM log management market.

The SAM 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 SAM 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 SAM log management market is segmented into Brazil, Argentina, and the Rest of SAM.

Alert Logic; AT&T Inc; Cisco Systems, Inc.; IBM Corporation; LogRhythm, Inc.; ManageEngine; and SolarWinds Worldwide, LLC; are among the leading companies in the SAM 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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