Splunk Competitors and Alternatives: Who Stacks up Against this Software Solutions Company?

Brent Davis - June 05, 2021

Splunk Competitors
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Splunk Inc. was incorporated in 2003. The company currently has its headquarters in San Francisco.

Splunk Inc. offers software solutions that allow organizations to obtain real-time operational intelligence.

The company’s services are offered both locally in the United States and internationally. 

Splunk’s product range features solutions that allow users to gather, organize, search, monitor, and analyze data.

One of the company’s main offerings, Splunk Enterprise, is a machine data platform that features excellent data management capabilities.

Splunk currently has a total yearly revenue of around $2.23 billion. 

Splunk Biggest Competitors

Splunk Competitors

Though Splunk has several competitors, the company was one of the first to use a search engine to index data and analyze it in a flexible manner.

Most of the Splunk competitors are leveraging the latest ergonomic and modern technological improvements. 

Let’s take a closer look at the following companies:

  • IBM
  • Datadog
  • Logrhythm

Splunk Competitors and Alternatives: IBM

Splunk Competitors

International Business Machines (IBM) is a global technology business that offers hardware products, software, cloud-based services, and cognitive computing.

The company was founded in 1911 by Charles Ranlett Flint.

For a company that is over a century old, IBM has had to adjust and suit different technological trends over the years.

At the moment, IBM is migrating from being an infrastructure provider to focusing more on cloud computing and data-driven solutions.

Although the company has since expanded its portfolio greatly, it still remains a key player in the server hardware field.

Their Z series mainframe still operates well and is still on the market. 

IBM has some products like IBM QRadar, which present as direct competitors to Splunk’s enterprise.

However, Splunk has been a market leader for more than a decade. Each of the two companies’ products offers specific benefits to potential customers.

Both feature strong core SIEM products. The main difference between their products lies in the way they integrate with third-party and other security tools.

Currently, IBM has a yearly revenue of about 73 billion U.S. dollars. Although this may be a lot, the company’s revenue has been dropping consistently for the past decade.

In 2011, its revenue peaked at a record 106.9 billion but has never surpassed this figure so far. 

Splunk Competitors and Alternatives: Datadog

Splunk Competitors

Datadog is a New York City-based company founded in 2010 by Olivier Pomel. It offers monitoring and analytic services for cloud-based workflows.

The products developed by Datadog allow ops teams to track and analyze deployments.

They are also used by developers to instrument their applications. 

Datadog’s success has been a bit dizzying over the years. Currently, the company has a yearly revenue of about $603.5 million.

The company has its headquarters in the New York Times Building in Times Square.

They employ about 600 people who are located in different offices worldwide.

When it was first incorporated, Datadog was a cloud-first monitoring solution. Their initial product was launched and made available for purchase in 2012.

Over the years, they have since come up with several other products, including the following:

  • Datadog
  • Datadog Log Management
  • Datadog Synthetic Monitoring
  • Datadog Infrastructure Monitoring,
  • Datadog Real User Monitoring.

The company’s main offering, Datadog, is a type of cloud-based monitoring tool usually used to monitor databases, services, servers, and other tools.

Users who want to access the Datadog tool can use it as Software as a Service. This means that all features of the tool are cloud-based.

Datadog intends to keep on adding new functionalities to its core monitoring toolkit and expand its team.

Its growth over the years has enabled it to be on the list as one of the top Splunk competitors and alternatives.

Splunk Competitors and Alternatives: LogRhythm

Splunk Competitors

LogRhythm and Splunk are two of the best SIEM solutions. Currently, Logrhythm, Inc.

has about 650 total employees in all its locations, and they generate about $111.30 million in yearly sales (USD). 

The company was founded in 2003 by Chris Petersen and Phillip Villella.

The company was created to fill the void in the log and event management solutions area. At the moment, Logrhythm’s headquarters is in Colorado. 

Reviewers who used both solutions from Logrhythm and Splunk indicate LogRhythm NextGen SIEM Platform is easier to utilize and set up.

On the other hand, many of the users also found Splunk Enterprise Security more easier to administer.

After considering all the factors, most of the users preferred to do business with Enterprise Security.

For businesses that are in search of security information and event management (SIEM) solutions, both LogRhythm and Splunk offer a lot of impressive features.

In the past, LogRhythm’s support team has received a lot of positive reviews. However, this is only fitting, seeing as their software has a steep learning curve.

On the other hand, Splunk is recommended for its highly customizable platform.

Logrhythm is a serious contender on the list of Splunk competitors and alternatives.

Also, both companies’ solutions have appeared in eSecurity Planet’s list of the top 10 SIEM products. 

What is Splunk’s Advantage?

A lot of the reviews online indicate that users feel like Splunk Enterprise Security is able to meet the needs of their businesses better than its competitors.

Also, users feel that Splunk provides satisfactory ongoing product support.

All these factors contribute to why Splunk Enterprise Security is the preferred option.

Another advantage of the Splunk tool is that it provides support for many file types(.xml, .csv, .json), a feature that is lacking in some of its competitors like Datadog.

Apart from that, Splunk also makes easy-to-understand video tutorials and is generally very transparent in its operations.

Also, many of the similar tools from Splunk’s competitors are priced higher and are more complicated to use. 

Splunk Competitors and Alternatives: Final Thoughts

Splunk has managed to develop some impressive solutions for unstructured data space, which is why they have become so successful.

The company’s products can make machine-generated data smoother, better, and speedier. 

Additionally, their products are not as expensive whether they are being used with an organization’s own IT framework or of a cloud platform.

Apart from that, Splunk also provides intuitive, intelligent, and human-driven ways of examining operational intelligence. 

All this has made Splunk an industry leader in security information and event management. 

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Brent Davis has been writing about the financial markets for 10 years and worked in research for the last five years at a Fortune 500 company. Brent's investing strategy is to buy high-quality companies and then let compounding do its thing.