Python Logging Configuration

Configure logging for my Python application:

Application type: [WEB/CLI/SERVICE/LIBRARY]
Environment: [DEVELOPMENT/PRODUCTION/BOTH]
Output destinations: [CONSOLE/FILE/CLOUD/ALL]

Requirements:
1. Logging setup with dictConfig
2. Multiple handlers (console, file, rotating)
3. Custom formatters (JSON, colored)
4. Log levels per module
5. Structured logging
6. Request ID tracking (for web apps)
7. Sensitive data masking
8. Performance metrics
9. Integration with monitoring (ELK, CloudWatch)
10. Testing log output

Configuration for:
- Local development (verbose, colored)
- Production (JSON, structured)
- Testing (captured, assertable)