Gigamon Leads Deep Observability Market in 2022 with 71 Percent Market Share
Gigamon, the leading deep observability company, has been recognized as the leading vendor in the deep observability market in 2022 with 71 percent market share, according to the newly released report by market intelligence research firm 650 Group. The deep observability market continues to grow as organizations prioritize the need for increased visibility and enhanced security across hybrid cloud environments. According to 650 Group, revenue within the deep observability market is projected to reach $470M in 2023, up 60 percent from 2022. Furthermore, by 2027, the market is forecasted to reach $1.91B, a 52 percent compound annual growth rate (CAGR) with cloud and subscription-based offerings driving most of the revenue.
In parallel with the market, Gigamon has seen an increase in customer demand with the company gaining three percent market share in the second half of 2022 to garner 71 percent market share for the full year. This growth can largely be attributed to the shift in digital infrastructures coupled with economic turbulence, which has created new challenges around security, customer experiences, and operational overhead in managing hybrid and multi-cloud infrastructure. To combat these challenges, the Gigamon Deep Observability Pipeline efficiently delivers network-derived intelligence to cloud, security, and observability tools to help eliminate security blind spots and reduce tool costs. This powerful combination enables organizations to better secure and manage their hybrid and multi-cloud infrastructure.
Key findings from the newly released report include:
"We're pleased to lead the deep observability market forward at a time when our customers must contend with both growing cyber threats and a turbulent macro-economic environment where they must do more with less," said Shane Buckley, president and CEO of Gigamon. "Our deep observability pipeline is purpose built to help eliminate security blinds spots that log-based security tools simply cannot see while also enabling our customers to dramatically reduce the cost and complexity of the tools they rely upon to secure and manage their hybrid and multi-cloud infrastructure, the timing simply couldn't be better."
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