ServiceNow Named a Worldwide Leader in IDC MarketScape for Multicloud and Hybrid Cloud Management With Automation

Rhea-AI Summary

ServiceNow (NYSE: NOW) has been recognized as a Leader in the IDC MarketScape: Worldwide Multicloud and Hybrid Cloud Management with Automation, 2024 Vendor Assessment. This acknowledgment highlights the value and agility of ServiceNow's Now Platform, which integrates cloud observability, cloud discovery, and cloud cost management into a single solution.

ServiceNow's investments in generative AI and partnerships with NVIDIA are expected to sustain its innovation leadership. The company's unified platform aims to simplify cloud processes and align them with business objectives through automation. Key offerings include ITOM Cloud Discovery, Cloud Accelerate, Cloud Cost Management, Cloud Observability within ITOM AIOps, and Cloud Security Posture Control.

These solutions enhance cloud transformation, optimize costs, and improve security and governance, making organizations' cloud environments more efficient and resilient.

Positive

• ServiceNow recognized as a Leader in IDC MarketScape for Multicloud and Hybrid Cloud Management with Automation.
• The Now Platform integrates multiple cloud management solutions into a single pane of glass.
• Recent investments in generative AI and partnerships with NVIDIA are expected to drive continued innovation.
• Unified platform offerings include ITOM Cloud Discovery, Cloud Accelerate, Cloud Cost Management, and Cloud Observability within ITOM AIOps.
• Solutions aim to streamline cloud transformation, optimize costs, and enhance security and governance.

Negative

• No specific financial data or revenue impact provided, making it difficult to assess immediate financial benefits.
• The press release does not mention any concrete customer adoption metrics or market share gains.
• Potential risks include reliance on partnerships and the successful integration of AI technologies.

SANTA CLARA, Calif.--(BUSINESS WIRE)-- ServiceNow (NYSE: NOW), the AI platform for business transformation, has been named a Leader in the IDC MarketScape: Worldwide Multicloud and Hybrid Cloud Management with Automation, 2024 Vendor Assessment*. ServiceNow attributes this recognition of its multiple technology solutions to the increased value and agility of the Now Platform that connects cloud observability, cloud discovery, and cloud cost management solutions in a single pane of glass.

According to the report, “ServiceNow offers a versatile platform for cloud management and automation that customers or partners can customize while maintaining the value and continuous improvements of SaaS solutions.” Additionally, “Recent investments in generative AI and partnerships with NVIDIA will keep ServiceNow at the forefront of innovation for years to come.”

“Simplifying cloud processes through AI has become integral for organizations navigating the complexities of cloud adoption to ensure cloud environments are more efficient and aligned with broader business objectives,” said Brian Emerson, global vice president and GM of ITOM and Cloud Observability at ServiceNow. “By automating complex cloud processes on a single platform, organizations can better align with corporate goals and enterprise architecture standards, establish a source of truth for cloud assets, and simplify cloud access with compliance and cost controls.”

ServiceNow’s unified platform uses AI and automation to accelerate an organization’s cloud transformation journey so companies can plan, scale, and operate in the cloud efficiently and effectively. With the Now Platform, customers can leverage ServiceNow’s market-leading cloud solutions within one single pane of glass. These solutions include:

• ITOM Cloud Discovery: Offers Service Graph Connectors within the Common Services Data Model (CMDB) to ensure high-quality, consistent third-party data, minimizing operational risks and simplifying processes within a foundation for cloud process automation with near-real-time, event-driven discovery of cloud assets.
• Cloud Accelerate: Streamlines the transition to the cloud through automated workflows for service delivery and continuous governance. Simplifies cloud service requests through a user-friendly interface and provides comprehensive tools for workload migration, resource management, and configuration oversight to enhance cloud adoption and governance.
• Cloud Cost Management: Works with Cloud Accelerate to help organizations track and manage cloud spend, optimize cloud costs, identify areas of overspending, and take proactive steps to manage them.
• Cloud Observability within ITOM AIOps: Combines operational monitoring and observability data for cloud and cloud-native applications. Cloud Observability brings critical telemetry data (logs, metrics, traces) together, enabling teams to improve security, workflows, collaboration, customer and employee experiences, and ROI, making an organization’s software and services more reliable and resilient.
• Cloud Security Posture Control and Vulnerability Response: Delivers advanced insights into cloud assets such as internet exposure of cloud virtual machines, hyperscaler cloud misconfigurations, or compliance gaps. Integrates with vulnerability scanners to enable remediation of cloud vulnerabilities and identify other high-risk assets that require remediation.

Additional Information

• Visit ServiceNow’s IT Operations Management (ITOM) and Cloud Transformation pages for more information on our solutions.
• Read a complimentary excerpt of the report.

*IDC MarketScape: Worldwide Multicloud and Hybrid Cloud Management with Automation, 2024 Vendor Assessment (doc #US52084624, May 2024)

About IDC MarketScape:

IDC MarketScape vendor assessment model is designed to provide an overview of the competitive fitness of ICT (information and communications technology) suppliers in a given market. The research methodology utilizes a rigorous scoring methodology based on both qualitative and quantitative criteria that results in a single graphical illustration of each vendor’s position within a given market. IDC MarketScape provides a clear framework in which the product and service offerings, capabilities and strategies, and current and future market success factors of IT and telecommunications vendors can be meaningfully compared. The framework also provides technology buyers with a 360-degree assessment of the strengths and weaknesses of current and prospective vendors.

About ServiceNow:

ServiceNow (NYSE: NOW) is putting AI to work for people. We move with the pace of innovation to help customers transform organizations across every industry while upholding a trustworthy, human centered approach to deploying our products and services at scale. Our AI platform for business transformation connects people, processes, data, and devices to increase productivity and maximize business outcomes. For more information, visit: www.servicenow.com.

© 2024 ServiceNow, Inc. All rights reserved. ServiceNow, the ServiceNow logo, Now, and other ServiceNow marks are trademarks and/or registered trademarks of ServiceNow, Inc. in the United States and/or other countries. Other company names, product names, and logos may be trademarks of the respective companies with which they are associated.

View source version on businesswire.com: https://www.businesswire.com/news/home/20240612775782/en/

Courtney Johnson

(925) 405-2446

press@servicenow.com

Source: ServiceNow, Inc.

FAQ

What recognition did ServiceNow receive in 2024?

ServiceNow was named a Leader in the IDC MarketScape: Worldwide Multicloud and Hybrid Cloud Management with Automation, 2024 Vendor Assessment.

What is ServiceNow's Now Platform known for?

ServiceNow's Now Platform is known for integrating cloud observability, cloud discovery, and cloud cost management solutions into a single pane of glass.

What recent investments has ServiceNow made?

ServiceNow has invested in generative AI and established partnerships with NVIDIA.

What are the key offerings of ServiceNow's unified platform?

Key offerings include ITOM Cloud Discovery, Cloud Accelerate, Cloud Cost Management, Cloud Observability within ITOM AIOps, and Cloud Security Posture Control.

How does ServiceNow's platform help organizations?

ServiceNow's platform helps organizations streamline cloud transformation, optimize costs, enhance security, and improve governance.