This international presence helps boost the company’s revenue growth. Also, the company has a significant number of customers in Asia-Pacific, especially Japan and Singapore. With a global headcount of over 7500 employees, Splunk has a strong presence in key geographies, including the United States, Europe, and Australia.
Strong international presence: Splunk has a strong presence in key markets, especially North America and Europe.
It is cost-effective and extremely useful for generating business insights. Splunk’s SWOT AnalysisĪ SWOT analysis assesses the strengths, weaknesses, opportunities, and threats to a business. As part of this effort, it runs several global campaigns, such as the Enterprise IT Strategy Forum (EITSF) that brings CIOs, CTOs, IT Directors, Network Architects, and Security Leaders together to discuss the impact of technology on business strategy. The company also uses the power of branding to build strong mindshare among its customers and prospects across different industry segments. These partners extend Splunk’s reach to customers in new geographies broadening its product offerings. This ecosystem brings forth partners from across the IT, security, and analytics market. Splunk’s partner ecosystem has seen a massive expansion in the years. Splunk also acquired Phantom Cyber, a cybersecurity company known for its flexibility in implementing security workflows across data sets.Īpart from strategic acquisitions, Splunk also invests in building a solid partner network. In 2020, Splunk acquired Rigor, a unique Digital Experience Management tool that incorporates search and analytics capabilities with intelligent optimization engine capabilities to provide customer insights. For instance, the acquisition of TruStar in 2021, a cloud-native intelligence operation tool that helps companies gain operational insights from their cloud infrastructure, will allow Splunk to expand its product offering while also improving its cloud analytics capabilities. To expand its product offerings and customer base, Splunk aggressively acquires companies with complementary technologies. The company continues to invest heavily in R&D to deliver new products and features that support its core differentiation: gaining operational insights from data in real-time. Splunk operates in a highly fast-moving industry. According to a Gartner report, Splunk is also a market leader in the Security Information and Event Management (SIEM) Market with a 29% percent share of the $49.7 billion industry. The company controls an impressive 7.8 percent of the $13.3 billion IT operations Management Market (ITOM), making it the clear leader in that space. With $2.229 billion in 2021 revenue and a stock price of $156.60 per share as of September, 1st 2021, Splunk has enjoyed a meteoric rise fueled by the need to analyze large amounts of data. Since its founding in 2003, it has evolved from selling search appliances to selling big data analytics applications focusing on security and IT operations.
#Splunk market cap software#
(NASDAQ: SPLK), a leader in software for real-time Operational Intelligence, has emerged as one of the early leaders in providing real-time data analysis and visualization capabilities.
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