Splunk Leads ITOM Performance Analysis and
SIEM Market Share Rankings for the Second and Third Consecutive
Year in 2020 Reports
Splunk Inc. (NASDAQ: SPLK), provider of the Data-to-Everything
Platform, today announced it is ranked No. 1 in market share for IT
Operations Management (ITOM) in the Gartner Market Share Analysis:
ITOM, Performance Analysis Software, Worldwide, 2020 report* and
Security Information and Event Management (SIEM) in the Gartner
Market Share: All Software Marketing Worldwide, 2020 report**. In
the two reports, Splunk has once again maintained its leading
position in both IT and security markets.
“As the types, sources and volume of data our customers need to
analyze continually grows, having a trusted data-centric platform
is imperative for our application development, cybersecurity, IT
and business users’ success,” said Sendur Sellakumar, Chief Product
Officer, Splunk. “We believe that Splunk’s ranking across both IT
and security segments in the Gartner market share reports are a
testament to our commitment toward helping customers unlock the
power of their data, accelerating their digital transformation
journeys and driving impact with the full Splunk portfolio.”
Gartner Market Share reports analyze vendors based on revenue
and revenue growth relative to the rest of the market. Splunk is in
the midst of a business model change in support of its transition
to the cloud, which has had an adverse impact on reported revenues.
Splunk reported Fiscal Year 2021 revenues of $2.23 billion. The
company reported annual recurring revenue growth of 41% to $2.36
billion for the same period.
"We have been making material strides in updating our pricing
and packaging approaches aligned to customer value, as well as
releasing new solutions including the industry’s first full-stack,
enterprise-grade Observability Cloud for IT and DevOps teams, along
with the new modern security operations platform, Splunk Security
Cloud, for security teams," continued Sellakumar.
Splunk Ranks First in Gartner Market Share Report for IT
Operations Management Market
According to the Gartner Market Share Analysis: ITOM,
Performance Analysis Software, Worldwide, 2020 report, Splunk is
ranked No. 1 for the ITOM Performance Analysis software market with
7.8% market share, as well as the AIOps, ITIM and Other Monitoring
Tools subsegment with 12.7% market share. This is the second year
in a row Splunk ranked No. 1 in both segments. Gartner estimates
that the entire ITOM performance analysis software market grew 7.2%
year-over-year to $13.3 billion, in 2020 with the AIOps, ITIM and
Other Monitoring Tools subsegment consisting of $6.1 billion.
For the analysis of Market Share*** Gartner evaluated Splunk IT
and observability offerings including Splunk® APM, Splunk
Infrastructure Monitoring, Splunk IT Essentials, Splunk IT Service
Intelligence (ITSI), Splunk Log Observer, Splunk On-Call, Splunk
Real User Monitoring (RUM) and Splunk Synthetic Monitoring.
Splunk Ranks First in Gartner Market Share Report for
Security Information and Event Management
This year’s Gartner Market Share: All Software Markets,
Worldwide 2020 report places Splunk as No. 1 in the SIEM market
with 29% market share. This is the third year in a row Splunk was
named the leader in this segment. Gartner estimates that the entire
security market grew 10% year-over-year to $49.7B billion, with the
SIEM market consisting of $3.6 billion.
For the analysis, Gartner evaluated Splunk security solutions
including Splunk Enterprise Security, Splunk Mission Control,
Splunk Phantom, Splunk Security Essentials and Splunk User Behavior
Analytics. For more information on Splunk solutions for IT,
observability and security, visit the Splunk website.
*Gartner, Inc., Market Share Analysis: ITOM, Performance
Analysis Software, Worldwide, 2020; Laurie Wurster and Shailendra
Upadhyay, June 11, 2021
**Gartner, Inc., Market Share: All Software Markets, Worldwide
2020, Neha Gupta et al, April 14, 2021
***Gartner, Inc., Market Definitions and Methodology: Software,
Neha Gupta et al, 21 July 2020
Gartner does not endorse any vendor, product or service depicted
in its research publications and does not advise technology users
to select only those vendors with the highest ratings or other
designation. Gartner research publications consist of the opinions
of Gartner’s Research & Advisory organization and should not be
construed as statements of fact. Gartner disclaims all warranties,
expressed or implied, with respect to this research, including any
warranties of merchantability or fitness for a particular
purpose.
About Splunk Inc.
Splunk Inc. (NASDAQ: SPLK) turns data into doing with the
Data-to-Everything Platform. Splunk technology is designed to
investigate, monitor, and analyze and act on data at any scale.
Splunk, Splunk>, Data-to-Everything, D2E and Turn Data Into
Doing 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. ©
2021 Splunk Inc. All rights reserved.
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Media Contact Kaitlyn Hopkins Splunk Inc.
press@splunk.com
Investor Contact Ken Tinsley Splunk Inc.
ir@splunk.com
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