Elastic Named a Challenger in the 2021 Gartner Magic Quadrant for Insight Engines
Elastic is a First-Time Entrant in Gartner’s
2021 Evaluation of Insight Engines Tool Vendors
Elastic (NYSE: ESTC) (“Elastic”), the company behind
Elasticsearch and the Elastic Stack, today announced it is a
first-time entrant and has been recognized as a Challenger in the
2021 Gartner Magic Quadrant for Insight Engines1. Download the
complimentary report here.
Gartner reports that “As businesses evolve to become digital and
to generate more structured and unstructured content, the need for
insight engine technology to surface relevant facts, content and
knowledge to stakeholders is critical. From a value for money
standpoint, insight engines offer flexibility and broad
applicability when it comes to getting and pushing knowledge to the
broadest set of customers and employees — in contrast to, for
example, conversational technologies and intelligent document
In a search-first world immersed in data, Elastic Enterprise
Search dramatically simplifies creating enterprise-grade search
experiences for both customer- and employee-facing search
applications. It is a powerful, modern search solution for any
website, app, or workplace in a single unified stack that enables
customers to scale their search requirements as they grow. The
solution is also engineered for easy implementation to deliver
shorter time to value for search projects.
Elastic believes that its Enterprise Search solution changes the
status quo for search solutions, providing a proven free and open
alternative to legacy search products with five differentiating
- Simple, pretuned search configurations that reduce complexity
and time to value, helping busy users find the answers they need
quickly and at scale.
- Flexible deployment options with support for all major cloud
platforms as well as self-managed options, and the ability to get
started simply and immediately with free trials on Elastic Cloud or
with Elastic’s free download.
- Flexible, consumption-based pricing that disrupts traditional
complex pricing models to allow greater cost control, along with
pricing calculators and tools that simplify budget planning,
specifically for price comparisons.
- Unparalleled scalability and flexibility with Elasticsearch and
Elastic Cloud, enabling organizations to effortlessly adapt to
changing demand or market conditions.
- An extensible and platform-agnostic solution with the ability
to connect seamlessly to content wherever it sits.
Elastic’s reviews on Gartner Peer Insights indicate that
Elastic’s insight engines customers rate the company’s products
highly, with an overall rating of 4.5 out of 5 in the Insight
Engines market based on 34 reviews, as on April 2, 20212.
For more information, read the 2021 Gartner Magic Quadrant for
Insight Engines and the blog “Elastic recognized as a Challenger in
the 2021 Gartner Magic Quadrant for Insight Engines.”
- "GEP Worldwide's market-leading software uses the power and
flexibility of Elastic to drive value in every part of the
procurement and supply operation. In an industry dominated by
unstructured, dynamically-changing data, our access and control of
that data through the power of Elastic is delivering huge returns,”
said Huzaifa Matawala, senior director, GEP Worldwide. “To
top it off, Elastic’s consumption-based pricing model has made it
much easier to forecast and continually manage our costs to avoid
overpaying for services that we don’t need or use.”
- “Organizations today require a seamless search experience that
enables users to easily find the information and content they need
in a fast and intuitive interface,” said Matt Riley, VP of
product management, Enterprise Search, Elastic. “This is the
first year that Elastic has been recognized in the Magic Quadrant
for Insight Engines, and we believe our recognition by Gartner as a
Challenger validates that our rapid pace of innovation and ability
to power personalized search experiences at scale meets the needs
of modern, distributed businesses.”
 Gartner, “Magic Quadrant for Insight Engines,” Stephen
Emmott, Anthony Mullen, March 2021  See complete rating and
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 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.
Gartner Peer Insights reviews constitute the subjective opinions
of individual end users based on their own experiences and do not
represent the views of Gartner or its affiliates.
Elastic is a search company built on a free and open heritage.
Anyone can use Elastic products and solutions to get started
quickly and frictionlessly. Elastic offers three solutions for
enterprise search, observability, and security, built on one
technology stack that can be deployed anywhere. From finding
documents to monitoring infrastructure to hunting for threats,
Elastic makes data usable in real time and at scale. Thousands of
organizations worldwide, including Cisco, eBay, Goldman Sachs,
Microsoft, The Mayo Clinic, NASA, The New York Times, Wikipedia,
and Verizon, use Elastic to power mission-critical systems. Founded
in 2012, Elastic is a distributed company with Elasticians around
the globe and is publicly traded on the NYSE under the symbol ESTC.
Learn more at elastic.co.
Elastic and associated marks are trademarks or registered
trademarks of Elastic N.V. and its subsidiaries. All other company
and product names may be trademarks of their respective owners.
version on businesswire.com: https://www.businesswire.com/news/home/20210406005989/en/
Elastic Public Relations Ariel Roop PR-Team@elastic.co
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