Visionary: Splunk SignalFx
Estimated 2019 APM Revenues: $250 million to $500 million
Splunk recently entered the APM market through its $1 billion acquisition of SignalFx in October. The San Francisco-based company ranks No. 5 for vision on the Magic Quadrant and among the middle of the pack for execution. SignalFx is a SaaS-only APM and infrastructure monitoring solution focused on cloud-native environments. Splunk’s portfolio that includes SignalFx, ITSI, VictorOps and Splunk Enterprise bridges the gap between traditional and cloud-native IT and resonates with the many enterprises trying to balance the two, said Gartner. Splunk has made huge strides to boost annual recurring revenue and migrate its customers to a subscription model.
Strength: SignalFx offers strong support for buyers who are heavily invested in microservice and containerized environments.
Weakness: Gartner’s reference survey of end users rated SignalFx’s ability to provide business analysis among the lowest of all APM vendors.