Splunk Ranked No. 1 in Fastest Growing IT Markets
August 17 2017 - 8:00AM
Business Wire
Leading Analyst Firm Ranks Splunk No. 1 in
2016 Market Share in IT Operations Analytics and Event and Log
Management Software
Splunk Inc. (NASDAQ: SPLK), provider of the leading software
platform for real-time Operational Intelligence, today announced
that it has been ranked No. 1 for 2016 market share in the
Worldwide IT Operations Analytics (ITOA) Software Market* and the
Worldwide IT Event and Log Management Software Market**. IDC
reports these two IT markets have the highest growth rates within
the overall IT market with 32.9 percent growth in the ITOA market
and 23.5 percent in the Event and Log Management market.
For the third consecutive year, Splunk earned the No. 1 spot in
the IT Operations Analytics Software Market, once again besting
legacy players IBM, Microsoft, VMware, Hewlett Packard Enterprise,
CA Technologies and BMC. IDC reports Splunk® software and cloud
services grew by 45.2 percent year-over-year for a total market
share of 32.2 percent. According to IDC report author Tim Grieser,
“Splunk supports prepackaged content and visualization for a
variety of use cases including IT operations and APM. This is
making Splunk-based analytics available to an increasing variety of
IT and business users.” Download the IDC Worldwide IT Operations
Analytics Software Market Shares on the Splunk website.
In the IT Event and Log Management Market Shares report, IDC
states that Splunk software and cloud services grew by 45.2 percent
year-over-year for a total market share of 21.2 percent. It is the
second consecutive year Splunk ranked No. 1 in market share.
According to IDC report author Tim Grieser, “Splunk’s continued,
rapid growth is based on core capabilities for big data capture,
indexing, management, search and visualization that extend across a
wide variety of machine-generated data sources including metrics
and logs.” Download the IDC Worldwide IT Event and Log Management
Software Market Shares on the Splunk website.
“Every day, across all verticals and geographies, our customers
turn to Splunk to ingest and visualize a broad range of data
sources to obtain predictive, real-time insights for maximum value
from their IT operations,” said Rick Fitz, senior vice president
and general manager of IT Markets, Splunk. “Customer success and
industry reports from trusted analyst firms like IDC further
demonstrate our ability to deliver an analytics-driven approach to
solve organizations’ most complex IT problems.”
*IDC, Worldwide IT Operations Analytics Market Shares, 2016:
Strong Growth Continues (doc #US42908117, July 2017)
**IDC, Worldwide IT Event and Log Management Software Market
Shares, 2016: Year of Strong Growth (doc #US42639217, May 2017)
About Splunk Inc.
Splunk Inc. (NASDAQ: SPLK) is the market leader in analyzing
machine data to deliver Operational Intelligence for security, IT
and the business. Splunk® software provides the enterprise machine
data fabric that drives digital transformation. More than 13,000
customers in over 110 countries use Splunk solutions in the cloud
and on-premises. Join millions of passionate users by trying Splunk
software for free: http://www.splunk.com/free-trials.
Social Media: Twitter | LinkedIn | YouTube | Facebook
Splunk, Splunk>, Listen to Your Data, The Engine for Machine
Data, Splunk Cloud, Splunk Light and SPL are trademarks and
registered trademarks of Splunk Inc. in the United States and other
countries. All other brand names, product names, or trademarks
belong to their respective owners. © 2017 Splunk Inc. All rights
reserved.
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Media ContactSplunk Inc.Jacinda Mein,
415-266-3990Jacinda@splunk.comorInvestor ContactSplunk
Inc.Ken Tinsley, 415-848-8476ktinsley@splunk.com
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