Splunk Inc (NASDAQ:SPLK) provides software and cloud solutions that deliver and operationalize insights from the data generated by digital systems in the United States and internationally. The company offers Splunk Platform, a real-time data platform comprising collection, streaming, indexing, search, reporting, analysis, machine learning, alerting, monitoring, and data management capabilities. It also provides Splunk Solutions, such as Splunk Security solutions that enable cybersecurity teams streamline the security operations workflow, accelerate threat detection and response, enhance threat visibility, and scale resources to increase analyst productivity through machine learning and runbook-driven automation; Splunk IT Solutions that provide IT Operations teams visibility and control across cloud and on-premises environments; and Splunk Observability Solutions for building and maintaining infrastructure and applications. In addition, the company offers Ecosystem Solutions, which includes pre-built data inputs, workflows, searches, reports, alerts, custom dashboards, flexible UI components, custom data visualizations, and integration actions and methods, as well as Splunk On-Call, Splunk Infrastructure Monitoring, and Splunk Phantom solutions, which provides APIs, SDKs, and other interfaces that enable its ecosystem, including third-party developers, partners, and customers to build content that configures and extends Splunk solutions to accommodate specific use cases. Further, the company provides adoption and implementation services, education services, and maintenance and customer support services. It sells its offerings directly through field and inside sales, and indirectly through various routes to market with various partners. Splunk Inc. was incorporated in 2003 and is headquartered in San Francisco, California.
Splunk plays in the big data arena. Big data is the term describing the large amounts of data a company collects, usually exceeding the organization’s ability to extract insights from that data. Businesses must turn to providers such as Splunk to ingest, analyze, and make sense of the data.
Splunk has captured its share of clients in the space of big data. At the end of the company’s fiscal first quarter, more than 90 businesses in the Fortune 100 used Splunk.
Research firm Gartner ranked Splunk first in market share for security information event management, which uses data analysis to identify security threats in real time, and tops in market share for performance analysis, which uses tools such as artificial intelligence.
Splunk possesses a solid balance sheet with $1.77 billion in cash, cash equivalents, and investments at the end of Q1. Splunk’s offerings are well-positioned for continued growth. The company announced a partnership with Alphabet‘s Google Cloud product in May, making Splunk’s cloud solution available to Google Cloud customers along with future plans to integrate with Google Cloud’s security services
In conclusion, Splunk’s ability to continuously capture majority of the market share of the big data industry will fuel further its growth for the coming decade.