Log analysis is a process of collecting, archiving, managing, and reporting the logs, which are generated from various devices, such as firewalls, routers, servers, switches, and other log sources. Best log analysis softwares deal with a huge amount of computer-generated log data. The main objective of log analysis is to track the security events and network activities. Most of the organizations deploy best log analysis softwares to meet the regulatory compliance standards, such as Payment Card Industry Data Security Standard (PCI-DSS), Health Insurance Portability and Accountability Act (HIPAA), Gramm-Leach-Bliley Act (GLBA), Sarbanes-Oxley Act (SOX), Federal Information Security Management Act (FISMA), and ISO 27001. With proper log analysis softwares, an organization can effectively manage logs while ensuring integrity and improved business continuity.

1. Micromarkets are defined as the further segments and subsegments of the global best log analysis softwares market included in the report.

2. Core competencies of the companies are captured in terms of their key developments, key observations, and key strategies adopted by them to sustain their position in the market.

Visionary leaders in the best log analysis softwares market are the leading market players in terms of new developments such as product launches, innovative technologies, and the adoption of growth strategies. These players have a broad product offering that caters to most of the regions globally. Visionary leaders primarily focus on acquiring the leading market position through their strong financial capabilities and their well-established brand equity.

Dynamic Differentiators in the best log analysis softwares market are established players with very strong business strategies. However, they have a weaker product portfolio compared to the visionary leaders. They generally focus only on a specific type of technology related to the product.

Innovators in the competitive leadership mapping are vendors that have demonstrated substantial product innovations as compared to their competitors. The companies have focused on product portfolios. However, they do not have very strong growth strategies for their overall business, when compared with the visionary leaders.

Emerging companies in the best log analysis softwares market have niche product and service offerings. Their business strategies are not as strong as that of the established vendors. The emerging vendors include the new entrants in the market, emerging in terms of product portfolio and geographic reach, and require time to gain significant traction in the market.

The best log analysis softwares help enterprises to improve security and regulatory compliance with comprehensive log management. Every computing device generates hundreds of gigabytes logs per day for large organizations. Log analysis softwares help to monitor huge number of security events generated from network devices to identify security breaches and maintain continuous security with the organization. The platform protects networks, endpoints, and devices from various malicious attacks, sophisticated cybercriminals, ransomwares, and APTs. With the implementation of log analysis softwares, public and private organizations can prevent security threats and help to cut down business costs and enhance the information security infrastructure. As the sophistication level in cyber-attacks is increasing, security vendors are trying to develop better log analysis softwares to provide a proactive and holistic security to critical business applications.

SERVICES

The services segment in the best log analysis softwares market has been classified into professional and managed services. Professional services have been further segmented into consulting, training and education, and support and maintenance. The demand for services is directly related to the adoption level of log management platform in the organizations. The adoption of log analysis softwares is increasing to secure the critical IT infrastructure across organizations. Managed services are used to decrease the operational overhead and risks, and also help to manage the network operational process by reducing the complexity of networked infrastructure. In addition, a major trend influencing the log analysis softwares market is the complexity of advanced technologies, such as, IoT infrastructure and operating system.

PROFESSIONAL SERVICES

Professional services are the services provided by product vendors to strategically help clients organize, design, analyze, implement, and manage technological systems. Professional services play a vital role in any ecosystem. These services include consulting, training and education, and support and maintenance. Professional service providers in the log analysis softwares market are also associated with similar services. Since the nature of these services is complex, the service providers must possess high levels of technical skills and expertise. There are several vendors in the best log analysis softwares ecosystem that offer these services, which include providing consultancy to their clients on client-specific requirements, providing educational support such as training and classroom lectures (online as well) to their clients in order to make them understand the solution and the processes, and assessing the risks associated with a project to deploy a newer log management solution or replace the older one to secure their IT infrastructure. The professional services segment is expected to have the largest market share in the best log analysis softwares market.

Consulting

Consulting services provide knowledge and advice to the clients with in-depth product description and provide solutions for client’s critical issues. It is provided by highly qualified industry experts, domain experts, and security professionals. These professionals help organizations to formulate identity management strategies, prevent revenue losses, minimize risk, understand maturity of their log and event management solutions, and enhance security in the existing IT systems. Consulting service providers guide companies in setting up best log analysis softwares solution to address their specific security requirements in a way feasible for them and understand new technologies securing their connected networking devices.

Security consulting firms such as IBM, Intel, Symantec, LogRhythm, SolarWinds, AlienVault, and Micro Focus are active in this space and enable organizations to improve their security in IT infrastructure to prevent possible security threats.

Training and education

The training and education services consist of discussion with employees, teaching about technologies, and transfer of knowledge, skills, and values that help organizations to better manage the security of their infrastructure. Personalized training and education is an important category under the professional services domain. Vendors are coming up with various education programs to mitigate knowledge gaps and correct implementation of the best log analysis softwares. The market of training and education is expected to grow in the future because of the technological obsolescence. The training and education services help to achieve critical skills for improving overall security of personal devices, laptops, and other computing devices. Log management education provides a wide range of training that include virtual academy, certification program, education skills assessment tool, product training, cyber threat detection and incident response training, and security awareness programs.

Support and maintenance

Support and maintenance services include the assistance provided during product installation and maintenance activities of installed system infrastructure. These services play a crucial role in the best log analysis softwares market. These service providers help enterprises in providing installation, maintenance, and other support activities such as data migration or replication. In addition, they include providing upgradations to traditional log and event management solutions and providing assistance in case of resolving issues in the products, among other functions. The demand for support and maintenance services is increasing with the deployment of advanced technologies across enterprises.