New Relic has been named a Leader in the 2022 Gartner Magic Quadrant for Application Performance Monitoring for the 12th consecutive year. This recognition is a testament to the company's commitment to delivering innovative solutions that meet the evolving needs of its customers.
In the Gartner report, New Relic was positioned highest in execution among all vendors evaluated, demonstrating its ability to deliver on its vision. This achievement is a result of the company's relentless focus on innovation and customer satisfaction.
New Relic's leadership in APM is a direct result of its comprehensive platform, which provides real-time insights into application performance, user experience, and business outcomes. This platform empowers developers, engineers, and business leaders to make data-driven decisions and drive digital transformation.
As a leader in the APM market, New Relic continues to push the boundaries of what is possible with application performance monitoring.
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Named Leader for 12th Consecutive Year
New Relic has been named a Leader in the 2024 Gartner Magic Quadrant for Observability Platforms, marking its 12th consecutive year in this position.
This recognition is based on a range of evaluation metrics, including product capabilities, market understanding, innovation, and strategy. New Relic remains the only company in its sector to have consistently been named a Leader since 2012.
New Relic's platform has several key strengths, including a flexible licensing model, AI monitoring capabilities, and a consolidated data platform. Recent advancements include improvements in log storage, cost optimisation, AI-driven application performance insights, and enhanced support for OpenTelemetry.
According to the Gartner report, New Relic's platform provides a comprehensive view of a business's technology landscape, enabling quicker troubleshooting and more informed decision-making. Organisations face increasing technological and operational complexities due to the proliferation of specialised monitoring tools and distributed applications.
New Relic aims to address these issues with its unified observability platform, which addresses inefficiencies, miscommunication, and delayed response times, ultimately impacting customer experiences and revenue.
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New Relic's Product Recognition
New Relic's product recognition is a significant aspect of its success in the industry. New Relic was recognized as a Leader in the 2022 Gartner Magic Quadrant for APM and Performance Analytics.
New Relic has consistently been ranked high in the market share of the Application Performance Monitoring (APM) market. In 2022, New Relic held a 27.4% market share in the APM market.
New Relic's product offerings have been widely adopted by organizations of all sizes, from small startups to large enterprises. New Relic's platform is used by over 20,000 customers worldwide.
New Relic's ability to provide real-time monitoring and analytics has been a key differentiator in the market. New Relic's platform provides real-time visibility into application performance and user experience.
New Relic's product development is guided by customer feedback and market trends. New Relic has a strong commitment to innovation and customer satisfaction.
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Gartner Rankings
New Relic, a leading digital intelligence platform, has consistently ranked high in various Gartner reports. In the 2022 Gartner Magic Quadrant for Application Performance Monitoring (APM), New Relic was placed in the Leaders quadrant.
Its ability to provide real-time visibility into application performance and user experience has earned it this ranking. New Relic's comprehensive platform helps organizations identify and resolve issues before they impact users.
New Relic was also recognized as a Leader in the 2022 Gartner Magic Quadrant for APM and Digital Experience Monitoring. This report highlights its strengths in APM, digital experience monitoring, and cloud-based monitoring.
New Relic's scalability and flexibility have made it a popular choice among organizations of all sizes. Its ability to handle large volumes of data and provide real-time insights has been a major factor in its success.
In the 2021 Gartner Market Guide for Cloud Observability Platforms, New Relic was named a Representative Vendor. This recognition underscores its growing presence in the cloud observability market.
New Relic's commitment to innovation has earned it a spot in the 2022 Gartner Market Guide for Cloud-Native Application Performance Monitoring. This report highlights its strengths in cloud-native APM and digital experience monitoring.
Frequently Asked Questions
What happened to New Relic?
New Relic was acquired by private equity firms Francisco Partners and TPG Inc. in November 2023 for approximately $6.5 billion, marking a significant change in the company's ownership.
What is the Gartner Magic Quadrant used for?
The Gartner Magic Quadrant provides visual insights and in-depth analysis to help businesses understand market direction, maturity, and key players. It compares vendors based on Gartner's standard criteria, offering actionable advice for informed decision-making.
Is New Relic a good product?
Yes, New Relic is a reliable solution for monitoring customer journeys and full stack observability. It's built on a solid foundation of proven technology.
Sources
- https://channellife.co.nz/story/new-relic-named-leader-in-gartner-magic-quadrant-for-12th-year
- https://www.crn.com/slide-shows/cloud/15-top-application-performance-monitoring-vendors-gartner
- https://enterprisetimes.in/latest-news/new-relic-recognized-by-gartner-for-application-performance-monitoring-and-observability/
- https://www.channelfutures.com/security/gartner-magic-quadrant-observability-platform-leaders
- https://newrelic.com/blog/nerd-life/gartner-magic-quadrant-22
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