29 Aug '16, 8am
New Relic in Top 4 of @Gartner_inc's #APM Market Share WW
SAN FRANCISCO – August 15, 2016 – Software analytics leader New Relic, Inc. (NYSE: NEWR) announced today that the company is now the fourth largest application performance monitoring (APM) vendor by revenue according to Gartner’s ”Market Share Analysis: Performance Monitoring, Worldwide, 2015” report by Federico De Silva. New Relic experienced one of the most significant advances in the rankings, moving up four spots from the prior year, powered by the highest growth rate among the top four vendors, at 68 percent. In the report, New Relic is identified as a key market performer, based on market share and share growth in their respective segments in 2015. The company’s ranking from Gartner coincides with another report by the analyst firm, "Market Insight: Cloud Shift — The Transition of IT Spending from Traditional Systems to Cloud," which reports that, “Over the next five...