Elastic Named a Visionary in the 2021 Gartner Magic Quadrant for Application Performance Monitoring

Rhea-AI Summary

Elastic (NYSE: ESTC) has been recognized as a Visionary in the 2021 Gartner Magic Quadrant for Application Performance Monitoring. This marks a significant milestone for the company, which offers a flexible observability solution built on the Elastic Stack. Its unique features include open and extensible platforms and unified resource-based pricing. Elastic APM has received a high customer rating of 4.7 out of 5 based on recent reviews. This recognition highlights Elastic's commitment to providing an effective alternative to traditional APM tools.

Positive

• Recognized as a Visionary in the 2021 Gartner Magic Quadrant for Application Performance Monitoring.
• High customer rating of 4.7 out of 5 for Elastic APM based on 43 reviews.
• Offers a flexible observability solution on an open platform.

Negative

• None.

Elastic (NYSE: ESTC) (“Elastic”), the company behind Elasticsearch and the Elastic Stack, today announced it has been recognized for the first time as a Visionary in the 2021 Gartner Magic Quadrant for Application Performance Monitoring¹. Download the complimentary report here.

Gartner reports that “APM tools have become powerful analytics platforms that ingest, analyze and build context from traces, metrics and logs. Infrastructure and operations leaders choosing APM software must weigh these functions against core APM capabilities and the automation being provided by new and existing vendors.¹”

Elastic Observability provides an application performance monitoring (APM) solution built on the Elastic Stack. It affords organizations unbounded flexibility in architecting the perfect observability solution for their needs at any scale. Kroger, Audi, Etsy, Citigroup, and thousands of other organizations — from small startups to Fortune 50 enterprises — use Elastic as their centralized log monitoring platform.

Elastic believes that its observability solution provides customers a proven, free and open alternative to legacy APM products with the following differentiating features:

• Built on an open, flexible, and extensible platform, Elastic Observability provides customers with a flexible monitoring solution that can deliver on their unique, evolving needs without being blocked by the vendor’s roadmap.
• Flexible deployment models help organizations bring visibility to their hybrid and multi-cloud environments while keeping their workloads closer to their monitoring solution.
• Unified resource-based pricing disrupts traditional complex pricing models to allow greater cost control and predictability, without sacrificing visibility goals.
• A powerful, free and open distribution tier allows users to quickly adopt, validate, and scale without risk.

Elastic’s reviews on Gartner Peer Insights indicate that Elastic APM customers rate the company’s products highly, with an overall rating of 4.7 out of 5 in the APM market based on 43 reviews, as of April 13, 2021.

For more information, read the 2021 Gartner Magic Quadrant for Application Performance Monitoring and the blog “Elastic named a Visionary in the 2021 Gartner Magic Quadrant for Application Performance Monitoring.”

Supporting Quotes:

• “Elastic has built a unified observability solution that brings together infrastructure monitoring, application performance monitoring, and user experience monitoring on a single, free and open platform,” said Tanya Bragin, Vice President, Product Management for Observability, Elastic. “We believe our Visionary placement validates our differentiate

FAQ

What is Elastic's stock symbol?

Elastic's stock symbol is ESTC.

What recognition has Elastic received in 2021?

In 2021, Elastic was recognized as a Visionary in the Gartner Magic Quadrant for Application Performance Monitoring.

What is the customer rating for Elastic APM as of April 2021?

As of April 13, 2021, Elastic APM has an overall customer rating of 4.7 out of 5.

What features differentiate Elastic's observability solution?

Elastic's observability solution is built on an open platform, offers flexible deployment models, and provides unified resource-based pricing.