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Log Management Market to Grow by USD 2.79 Billion (2024-2028), IT Sector Demand Fuels Revenue Growth, Report Explores AI-Driven Market Transformation – Technavio

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NEW YORK, Dec. 5, 2024 /PRNewswire/ — Report with the AI impact on market trends – The global log management market  size is estimated to grow by USD 2.79 billion from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of  14.27%  during the forecast period. Growing demand from it sector is driving market growth, with a trend towards integration of latest technologies into log management. However, high deployment cost  poses a challenge. Key market players include Alert Logic Inc., Amazon.com Inc., AT and T Inc., Cisco Systems Inc., Datadog Inc., Graylog, Intel Corp., International Business Machines Corp., LogicMonitor Inc., LogRhythm Inc., McAfee LLC, Open Text Corporation, New Relic Inc., Paessler AG, Rapid7 Inc., Sematext Group Inc., SolarWinds Corp., Splunk Inc., Veriato Inc., and Zoho Corp. Pvt. Ltd..

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Forecast period

2024-2028

Base Year

2023

Historic Data

2017 – 2021

Segment Covered

Component (Solution and Services), Deployment (On-premises and Cloud-based), and Geography (North America, APAC, Europe, South America, and Middle East and Africa)

Region Covered

North America, APAC, Europe, South America, and Middle East and Africa

Key companies profiled

Alert Logic Inc., Amazon.com Inc., AT and T Inc., Cisco Systems Inc., Datadog Inc., Graylog, Intel Corp., International Business Machines Corp., LogicMonitor Inc., LogRhythm Inc., McAfee LLC, Open Text Corporation, New Relic Inc., Paessler AG, Rapid7 Inc., Sematext Group Inc., SolarWinds Corp., Splunk Inc., Veriato Inc., and Zoho Corp. Pvt. Ltd.

Key Market Trends Fueling Growth

The Log Management Market is experiencing significant growth due to increasing cyberattacks and the need for Business Intelligence. Cloud-based log management is a major trend, allowing SMEs and large enterprises in various industries like Healthcare, Manufacturing, and Energy & Utilities, to manage machine data from IT infrastructure, including perimeter devices, Windows event logs, endpoint logs, application logs, proxy logs, and IoT logs. Predictive analytics, AI, and ML are integrated for threat intelligence and user behavior analytics. Cybersecurity concerns drive the market, with stringent security compliances and advance persistence threats requiring strong security controls. Hybrid Information Management, including SaaS programs and strategic agreements, offers cross-platform compatibility and user-friendly interfaces. Automation, orchestration, and professional services ensure efficient resource management and system performance. The market includes revenue pockets in emerging economies and open-source solutions. Import export analysis and standard log formats cater to domestic and localised needs. Sumo Logic and Microsoft products lead the market, with collaborations and training & education programs enhancing offerings. 

Businesses are generating vast amounts of log data due to the proliferation of IT and emerging technologies like IoT. This machine data grows 50 times faster than traditional business data, according to Logic Monitor. By applying Machine Learning (ML) to log analysis, more data can be utilized to create algorithms, as more logs are collected in a log analysis tool. These log intelligence algorithms identify patterns, saving time by reducing the need to manually sift through logs. The use of log intelligence, or automated and AI-powered log analysis, is increasingly popular among businesses seeking to efficiently manage and gain insights from their log data. 

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Market Challenges

The Log Management Market is facing several challenges in today’s business landscape. Cyberattacks pose a significant threat, requiring advanced security controls and threat intelligence to mitigate risks. Businesses seek to extract valuable insights from machine data through business intelligence and predictive analytics, fueled by AI and ML. Cloud-based log management is on the rise, but hybrid information management and cross-platform compatibility are essential. SMEs grapple with resource management and affordability, while IT infrastructure and system performance issues demand attention. Security risks, including perimeter device logs, Windows event logs, endpoint logs, application logs, proxy logs, and IoT logs, require stringent security compliances and continuous monitoring. The market is witnessing strategic agreements, collaborations, and modernization through automation and orchestration. The market caters to various industries, including energy and utilities, healthcare, manufacturing, and more, addressing security vulnerabilities and malicious activities. Log data, audit records, and event-logs are crucial components of log management programs, with revenue pockets in professional services, managed services, consulting, training, and support. The market serves consumers, Microsoft products, and emerging economies, adhering to standard log formats and import export analysis. The future holds advance persistence threats, open-source solutions, and domestic and localized offerings.The log management market presents a significant investment for organizations seeking to implement log management solutions. The total cost of deployment includes software licensing fees, system design and customization expenses, implementation costs, employee training, and ongoing maintenance. Hiring IT staff for implementation adds to the expense, while existing staff require training on the new cybersecurity solutions. On-premises solutions necessitate in-house IT administration for management and control, leading to increased implementation costs. Moreover, log management solutions come with hidden costs, such as the expense of acquiring the necessary knowledge and expertise to effectively use the software.

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Segment Overview 

This log management market report extensively covers market segmentation by

Component 1.1 Solution1.2 ServicesDeployment 2.1 On-premises2.2 Cloud-basedGeography 3.1 North America3.2 APAC3.3 Europe3.4 South America3.5 Middle East and Africa

1.1 Solution-  The log management market is segmented into services and solutions based on components. The solution sector is expected to lead the market due to increasing demand from businesses for security, productivity enhancement, and cost-effective management solutions. Log management solutions help manage application logs, security logs, and system logs, enabling recognition of various events such as alerts, errors, audit failures, and success events. By collecting, organizing, and storing log data from multiple sources in a centralized location, these solutions offer a single access point for crucial network and application data. This benefits is driving the growth of the solution segment in the global log management market.

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Research Analysis

The log management market is a growing segment in the IT industry, driven by the increasing importance of managing and analyzing log data for various purposes. Log data, including audit records, audit trails, event-logs, and machine data, is generated by IT infrastructure components and systems as they operate. This data is essential for business intelligence, identifying technical problems, resource management, system performance, and security. Cyberattacks have heightened the demand for log management solutions, as they provide valuable information for threat intelligence and incident response. Cloud-based log management is a popular deployment model, offering scalability and flexibility. Predictive analytics, AI, and ML are increasingly being used to gain insights from log data and improve security and performance. Log management solutions cater to enterprises of all sizes and industry verticals, providing services to help manage and analyze log data effectively. These solutions enable organizations to gain valuable insights, improve security, optimize IT operations, and ensure regulatory compliance.

Market Research Overview

The Log Management Market is experiencing significant growth due to the increasing number of cyberattacks and the need for Business Intelligence. Cloud-based log management solutions are gaining popularity, offering Predictive Analytics, AI, and ML capabilities for Threat Intelligence. IT infrastructure, including SMEs, requires effective Log Analysis to mitigate Security Risk and improve System Performance. Hybrid Information Management, SaaS programs, and Automation are key trends, with User-friendly interfaces and Cross-platform compatibility essential. Energy and utilities, Healthcare, Manufacturing, and other Industry Verticals face unique Log Management challenges. Machine data, including Event logs, Audit records, and Audit trails, provide valuable Security controls and insights into Network logs, Security vulnerabilities, Malicious activities, and Stringent security compliances. Log Management Market revenue pockets include Professional services, Managed services, Consulting, Training and education, Support and maintenance, and Cloud or On-premises deployment. The Market is driven by Cybersecurity concerns, Awareness and education, User behavior analytics, Machine learning integration, Cloud adoption, IoT proliferation, and the need for Automation and Orchestration. Key areas of focus include the Australian Signals Directorate’s cybercrime reports, Consumers, Microsoft products, Strategic agreements, and Collaborations. Log Management Market components include Perimeter device logs, Windows event logs, Endpoint logs, Application logs, Proxy logs, IoT logs, and Component Deployment. The Market caters to Large Enterprises and caters to various Enterprise Sizes and Industry Verticals. Log Management Market growth is influenced by Cyber threats, Artificial intelligence, Analytical advantages, Modernization, Emerging economies, Open-source, Standard log format, Import export analysis, Domestic and localised requirements, and Revenue pockets.

Table of Contents:

1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation

ComponentSolutionServicesDeploymentOn-premisesCloud-basedGeographyNorth AmericaAPACEuropeSouth AmericaMiddle East And Africa

7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

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Blue Owl Capital Expands Tennis Player Sponsorship to All Grand Slam Tournaments in 2025

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Blue Owl to place logo patches on dozens of athletes competing across the Australian Open,
French Open, Wimbledon, and US Open

Jordan Thompson named as Blue Owl’s dedicated athlete ambassador for the Australian Open

NEW YORK, Jan. 12, 2025 /PRNewswire/ — Blue Owl Capital Inc. (“Blue Owl”) (NYSE: OWL), a leading alternative asset manager, announced today a marquee sponsorship agreement to expand their presence at all Grand Slam tournaments in 2025 and become the exclusive financial services partner for professional tennis’ Player Patch Program.

Blue Owl’s logo will be featured on the shirt of select players competing across men’s singles, women’s singles, mixed doubles, men’s doubles and women’s doubles competitions at this year’s Australian Open, French Open, Wimbledon, and US Open tournaments. In addition to Blue Owl’s presence on the courts, the firm will be featured in iconic Melbourne transit hubs, social media and digital media during the Australian Open in an effort to raise brand awareness within the country and the broader APAC market.

Blue Owl Chief Marketing Officer Suzanne Escousse said, “Just as Blue Owl is redefining alternative investing, we are supporting established and emerging professional players who are redefining the game of tennis. Tennis is a truly worldwide sport requiring peak performance in critical, high-pressure moments. This is the same ethos that underpins Blue Owl and allows us to focus on delivering results for our international client base. Following the success of our involvement with the Patch Program at the 2024 US Open, and given Blue Owl’s established presence within the country, Australia is the perfect place to kick off our presence across Grand Slam tournaments.”

Blue Owl has also partnered with Australian tennis professional Jordan Thompson, who will serve as the firm’s Athlete Ambassador at the 2025 Australian Open – January 12-26 in Melbourne. Most recently, Thompson won the men’s doubles at the 2024 US Open, where he was wearing a Blue Owl patch, and was a men’s doubles finalist at Wimbledon in 2024. He has also registered victories over several top-10-ranked opponents in singles competitions and previously represented Australia at the Olympics and the Davis Cup. Thompson will be one of several competitors wearing Blue Owl’s logo throughout the tournament.

Jordan Thompson said: “Blue Owl is focused on delivering excellence for its clients, which makes it a great fit for a partnership with professional tennis players. Support from firms like Blue Owl is tremendously beneficial for players who are preparing for career-defining events, especially the four Grand Slams. Our shared core values, including striving for success in every step of our journeys, whether that be in the financial services industry or competing as a professional athlete, is a perfect match. Alongside my coaches, my doubles teammate(s) and tennis fans, Blue Owl will play a key role for me here in Melbourne at the 2025 Australian Open.”

About Blue Owl

Blue Owl (NYSE: OWL) is a leading asset manager that is redefining alternatives.

With $235 billion in assets under management as of September 30, 2024, we invest across three multi-strategy platforms: Credit, GP Strategic Capital, and Real Estate. Anchored by a strong permanent capital base, we provide businesses with private capital solutions to drive long-term growth and offer institutional investors, individual investors, and insurance companies differentiated alternative investment opportunities that aim to deliver strong performance, risk-adjusted returns, and capital preservation.

Together with over 1,050 experienced professionals, Blue Owl brings the vision and discipline to create the exceptional. To learn more, visit www.blueowl.com.

Media Contact

Nick Theccanat
Principal, Corporate Communications & Government Affairs
Nick.Theccanat@blueowl.com

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SOURCE Blue Owl Capital

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Wayfair and Google Cloud Announce Expanded Partnership to Transform Online Retail with Gemini

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With Google’s advanced Gemini models and Google Workspace, Wayfair is now able to enhance product catalog, employee productivity, and customer experience

SUNNYVALE, Calif., Jan. 12, 2025 /PRNewswire/ — Wayfair and Google Cloud today announced an expanded partnership to significantly enhance the online retailer’s product catalog with Google’s advanced Gemini models on Vertex AI and to improve employee collaboration by deploying Google Workspace to its thousands of employees worldwide. By using Google’s AI technologies, Wayfair has already seen improvements in workforce efficiency and operational cost savings.

“At Wayfair, we believe gen AI is the key to unlocking the next generation of retail experiences,” said Fiona Tan, Chief Technology Officer at Wayfair. “With Google Cloud, we’ve been able to efficiently scale and enrich our product catalogs, enabling us to support a more seamless and engaging shopping experience for our customers.”

Gemini on Vertex AI for Automated Catalog Enrichment

In the fast-paced world of e-commerce, surfacing the right products at the right time is crucial. Wayfair is already seeing results from its use of Gemini on Google Cloud, including:

Faster Time-to-Market: Instead of manually tagging each new product across its 30 million product portfolio, Wayfair is using Gemini on Google Cloud to automatically categorize products, reducing the time needed to curate new and update existing product listings by 67%.Significant Cost Savings: By removing the tedious process of manually tagging attributes like color and style, Wayfair estimates it will drive hundreds of thousands in cost savings per year.Better Listing Quality: Gemini’s ability to analyze images opened up new possibilities for Wayfair, such as automatically catching errors in product dimensions listed in the catalog, leading to better customer satisfaction.Improved Customer Experience: Increasing the accuracy of product attributes like color and subject, and improving the coverage of these attribute tags in the catalog, improved conversion rates when customers use these filters by ~2%.More Responsible Content Management: With Gemini, Wayfair now has a scalable, AI-augmented process for identifying and flagging inappropriate materials.

Gemini for Workspace to Enhance Employee Productivity

In addition to catalog enrichment, Wayfair is also leveraging Gemini for Google Workspace to improve the productivity of employees and create better experiences for them. Wayfair has had success using Gemini in Gmail, Google Docs, and more to help employees streamline and collaborate on tasks like drafting and responding to emails, summarizing and proofreading documents, building presentation templates, and more. Wayfair is also finding success using Gems, which are customized versions of Gemini to help with tasks or get deep expertise in new areas. With Gemini for Workspace and Gems, Wayfair has seen a boost to employee productivity, enhanced collaboration, and improvements in creativity across the organization.

“Wayfair is redefining what’s possible in retail with Google Cloud’s generative AI,” said Matt Renner, President, Global Revenue at Google Cloud. “By harnessing the power of Gemini and Google Workspace, Wayfair is not only automating complex tasks and boosting employee collaboration, but also creating more personalized and engaging experiences for every shopper. This is a prime example of how AI can transform businesses and deliver tangible benefits to customers and employees.”

About Google Cloud

Google Cloud is the new way to the cloud, providing AI, infrastructure, developer, data, security, and collaboration tools built for today and tomorrow. Google Cloud offers a powerful, fully integrated and optimized AI stack with its own planet-scale infrastructure, custom-built chips, generative AI models and development platform, as well as AI-powered applications, to help organizations transform. Customers in more than 200 countries and territories turn to Google Cloud as their trusted technology partner.

About Google Workspace

Google Workspace is a suite of productivity apps, including Gmail, Drive, Calendar, Docs, Meet, Vids, and more, that are trusted by more than 3 billion users and over 10 million paying customers. Google Workspace helps people and teams do their best work across any device, from anywhere. AI has been used in Google Workspace for years to improve grammar, efficiency, security, and more with features like Smart Reply, Smart Compose, and malware and phishing protection in Gmail. Now, Gemini for Google Workspace brings AI into the entire suite.

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MaryRuth’s Celebrates TikTok Shop Super Brand Day With Exclusive Offers and Viral Favorites

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LOS ANGELES, Jan. 12, 2025 /PRNewswire/ — MaryRuth’s, the trusted leader in liquid vitamins and wellness products, is thrilled to announce its participation in TikTok Shop’s Super Brand Day from January 12 to 18, 2025. For this exclusive event, MaryRuth’s is celebrating with up to 40% off shopwide and exclusive multi-pack bundles of their top-selling products including viral favorites.

MaryRuth’s Liquid Morning Multivitamin + Hair Growth became a social media sensation in 2024, with over 369,000 bottles sold and 18,000 5-star reviews from customers who rave about its convenience, taste, and powerful benefits for health and hair growth. With these exclusive deals on TikTok Shop, MaryRuth’s aims to make its most-loved products even more accessible to its community to kick off healthy habits in 2025.

“We are so thrilled to be part of TikTok Shop’s Super Brand Day,” said MaryRuth Ghiyam, Founder and CEO of MaryRuth’s. “Our mission has always been to help people feel their best with high-quality, delicious, easy-to-use wellness products, and this event allows us to reach even more people with great deals on the products they love.”

Customers can take advantage of up to 40% off all products on MaryRuth’s TikTok Shop and shop specially curated bundles, including multi-packs of the Liquid Morning Multivitamin + Hair Growth. Designed to support overall health as well as hair thickness, hair growth, and skin health, this multivitamin has become a must-have for many health-conscious individuals.

MaryRuth’s will also showcase engaging TikTok content to celebrate this partnership, including product demonstrations, customer testimonials, and exclusive offers for TikTok users.

Mark your calendars for January 12-18, 2025, and join MaryRuth’s in celebrating TikTok Shop Super Brand Day. Don’t miss this opportunity to shop viral favorites and stock up to support your wellness for the new year and beyond!

About MaryRuth’s
MaryRuth was inspired to help empower others to take wellness into their own hands after seeing how health issues personally impacted her loved ones. As a health educator, nutritional consultant, culinary chef, and mom to 4 children, MaryRuth was driven to formulate a delicious, easy-to-take multivitamin with quality ingredients for her clients and family. This led to the creation of what is now America’s #1 best-selling liquid multivitamin. Through our growing product line, we aim to continue what was MaryRuth’s original mission: helping you to create small, healthy habits to move forward every day.

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