Splunk 2019 Growth Overachieves in Annual IT Operations Analytics Market Shares Report
SAN FRANCISCO--(BUSINESS WIRE)--Splunk Inc. (NASDAQ: SPLK), provider of the Data-to-Everything Platform, today announced it was ranked No. 1 in IDC’s Worldwide IT Operations Analytics Software Market Shares, 2019.* This is the sixth year in a row Splunk increased its share and was named the market leader in IDC’s annual report. Splunk’s IT offerings include Splunk IT Service Intelligence (ITSI), Splunk App for Infrastructure, Splunk Cloud, SignalFx Infrastructure Monitoring and SignalFx Microservices APM. Download the IDC Worldwide ITOA Software Market Shares, 2019 on the Splunk website.
According to the report, Splunk was ranked No. 1 in the ITOA market with a 41.8% market share and $1.5 billion in revenue, ahead of other vendors including VMware (No. 2), ServiceNow (No. 3), IBM (No. 4) and SumoLogic (No. 5). Splunk is also recognized as a vendor that has “shaped the year,” pointing to Splunk’s “rapid growth driven by expansion in log management and analysis capabilities” increasing 30.2% from 2018. IDC estimates that the worldwide ITOA market grew by 27% from 2018 and is valued at $3.6 billion overall.
“The need for modern, flexible and intelligent IT solutions is becoming evermore imperative as digital transformation continues to create an influx of data, accompanied by increased business demands on IT teams,” said Kia Behnia, vice president, IT Operations, Splunk. “IDC’s continued recognition of Splunk’s ability to lead in the evolving IT landscape is a testament to Splunk’s commitment to empowering our 20,000+ customers to turn data into insights across their IT environments.”
Splunk’s analytics-driven IT solutions further enable customers to accelerate their IT modernization journey, providing the technical agility, speed and visibility needed to drive actionable business outcomes. Splunk’s leading position in the ITOA market, along with its No. 1 position in IDC’s Worldwide IT Operations Management Software Market Shares, 2019, demonstrates Splunk’s continued success in helping organizations evolve and thrive in the Data Age. For more information on Splunk’s IT solutions, visit the Splunk website.
*IDC Worldwide IT Operations Analytics Software Market Shares, 2019: Market Growth Accelerates, Doc #US46806419, Tim Grieser, September 2020.
About Splunk Inc.
Splunk Inc. (NASDAQ: SPLK) turns data into doing with the Data-to-Everything Platform. Splunk technology is designed to investigate, monitor, analyze and act on data at any scale.
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