Europe Log Management Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Component (Solution and Services), Deployment (On Premise and Cloud-Based), Organization Size (Small & Medium Enterprises and Large Enterprises), and Industry (IT & Telecom, BFSI, Healthcare, Education, Retail & Ecommerce, and Others)

The log management market in Europe is expected to grow from US$ 632.61 million in 2021 to US$ 1,382.42 million by 2028; it is estimated to grow at a CAGR of 11.8% from 2021 to 2028.

With the digital transformation, the demand for cloud-based log management platforms is increasing due to their simple deployment and reduced deployment time and cost. Moreover, the internet infrastructure is matured in developed countries and flourishing in several developing countries, allowing end users to access the cloud-based platform. A few benefits of a cloud-based log management platform are the secure hosting of critical data, improved security and scalability, and quick recovery of files. The backups are stored on a private or shared cloud host platform. Therefore, organizations can quickly recover several critical data. Also, with a stable internet connection, the data can be easily accessed anywhere via secure logins. Cloud-based log management platform also reduces repair and maintenance costs and enhances customer satisfaction. Therefore, due to the multiple benefits of the cloud-based log management platform, its adoption is increasing by large enterprises and small and medium enterprises (SMEs) for the early detection of cyberattacks. Furthermore, several companies across Europe, including Devo Technology Inc.; IBM Corporation; Sumo Logic; and SolarWinds Worldwide, LLC, are adopting the cloud-based log management platform. Thus, the factors mentioned above drive the Europe log management market growth.

With the new features and technologies, vendors can attract new customers and expand their footprints in emerging markets. This factor is likely to drive the Europe log management market in the coming years. The market is expected to grow at a good CAGR during the forecast period.

Europe Log Management Market Revenue and Forecast to 2028 (US$ Million)

Europe Log Management Market Segmentation

The Europe 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 Europe 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 Europe log management market is segmented into France, Germany, Italy, the UK, Russia, and the Rest of Europe.

Alert Logic; 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 log management market.  

1. Alert Logic
2. AT&T Inc
3. Cisco Systems, Inc.                
4. Datadog                 
5. IBM Corporation         
6. LogRhythm, Inc.    
7. ManageEngine              
8. SolarWinds Worldwide, LLC          
9. Splunk, Inc.

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