IT Event and Log Management Market Increasing Demand, Growth Analysis and Future Outlook by 2031

IT event and log management market is anticipated to grow at a CAGR of 11.2% during the forecast period. The market growth is driven by the surge in the integration of artificial intelligence (AI) and machine learning (ML) technologies, using a centralized log analysis system.The integration is majorly done due to the multiple benefits offered by the cloud-based log management platform. Some of the benefits include, reduction in complexity, perform the fast searches, and use powerful visualization capabilities to monitor key metrics. . Moreover, the adoption of the platform is increasing by large enterprises and small and medium enterprises (SMEs) for the early detection of cyberattacks. For instance, in a survey conducted on small and medium size enterprises(SMEs) by copyright in the US in March 2022, around 42% of thesurveyedexperienced a cybersecurity breach. Malware was cited by 18% as the most common type of security threat, followed by phishing by17%, and data breaches by16%. Furthermore, website hacking was mentioned by 15%, DDoS attacks by 12%, and ransomware by 10%, as stated by SMEs.

Get Free Sample link @ https://www.omrglobal.com/request-sample/it-event-and-log-management-market

The global IT event and log management market is segmented based on the component, deployment mode and end user. Based on the component, the market is segmented into solutions and services. Based on the deployment,mode the market is bifurcated into the cloudand on-premises. Based on end-user, the market is sub-segmented into IT, telecom, BFSI, healthcare, and education. Among theend user, the BFSI sector is expected to grow at a significant CAGR over the forecast period, owing to the increase in implementation of the compliance guidelines, as the BFSI industry globally is rapidly shifting toward the adoption of various IT software.

full report of IT Event and Log Management Market available @ https://www.omrglobal.com/industry-reports/it-event-and-log-management-market

• Market Coverage


• Market number available for – 2025-2031


• Base year- 2025


• Forecast period- 2025-2031


• Segment Covered- By Source, By Product Type, By Applications


• Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill


• , and others

Global IT Event and Log Management Market Report Segment

By Component 

• Solution


• Services

By Deployment Mode 

• Cloud


• On premises

By End-User 

• IT  and Telecom BFSI


• Healthcare


• Education

Global IT Event and Log Management Market Report by Region

North America

• US


• copyright

Europe

• UK


• Germany


• Italy


• Spain


• France


• Rest of Europe

Asia-Pacific

• China


• India


• Japan


• South Korea


• Rest of Asia-Pacific

Rest of the World

• Latin America


• Middle East & Africa

The Report Covers

• Market value data analysisof 2021 and forecast to 2028.


• Annualized market revenues ($ million) for each market segment.


• Country-wise analysis of major geographical regions.


• Key companies operating in the global IT event and log managementmarket. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.


• Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.


• Analysis of market-entry and market expansion strategies.


• Competitive strategies by identifying ‘who-stands-where’ in the market.

For More Customized Data, Request for Report Customization @ https://www.omrglobal.com/report-customization/it-event-and-log-management-market

About Orion Market Research
Orion Market Research (OMR) is a market research and consulting company known for its crisp and concise reports. The company is equipped with an experienced team of analysts and consultants. OMR offers quality syndicated research reports, customized research reports, consulting and other research-based services. The company also offer Digital Marketing services through its subsidiary OMR Digital and Software development and Consulting Services through another subsidiary Encanto Technologies.

Media Contact:

Company Name: Orion Market Research

Contact Person: Mr. Anurag Tiwari

Email: [email protected]

Contact no: +91 780-304-0404