Source: “IDC MarketScape: Worldwide Event Brokering Software 2024 Vendor Assessment”, by: Shari Lava and Andrew Gens, March 2024, IDC # US50301923
I’m thrilled to announce that Solace has been named a leader in the “IDC MarketScape: Worldwide Event Brokering Software” (read the excerpt here). I believe this reflects Solace’s longstanding commitment to introducing market-leading capabilities, offering unparalleled performance and reliability, and making an unwavering commitment to customer success.
This is the first time IDC has evaluated event brokers; in fact this is the first competitive evaluation of event brokers by any major analyst firm. The IDC MarketScape study evaluated the functional capabilities and go-to-market strategies of 9 major event broker software vendors serving customers across a wide range of industries. Vendors were assessed on criteria such as:
- Architectural compatibility, security and access
- Brokering, monitoring and resiliency functionality
- Deployment options and pricing models
- Customer delivery strategy and success
- Partner ecosystem and community
- Growth and innovation.
What is the IDC MarketScape?
IDC MarketScape vendor analysis model is designed to provide an overview of the competitive fitness of ICT 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.
- The Capabilities score measures vendor product, go-to-market and business execution in the short-term.
- The Strategy score measures alignment of vendor strategies with customer requirements in a 3-5-year timeframe.
- Vendor market share is represented by the size of the circles.
Why Solace is a Leader
When positioning each event broker vendor within the market, IDC analysts consider a number of factors along dimensions of strategies and capabilities. The report specifically noted two advantages distinct strengths of Solace event brokers:
- “Topic Management: Solace has highly robust “smart topic” management capabilities compared to many other vendors in this space. Solace comes with all core monitoring capabilities covered out-of-the-box, such as detailed logging, notifications and alerts, message tracing. Additionally, Solace goes beyond the normal monitoring capabilities partnering with many leading data management and security tools for advanced monitoring.” 1
- “Event Mesh Capability: Solace PubSub+ includes strong event mesh capabilities to create a network of brokers intended to enable seamless access to data and events across highly distributed applications in hybrid and multi-cloud deployments. When customer’s deploy event mesh alongside Solace’s smart topic management and multi-protocol support, distributed applications can efficiently exchange real-time data without prior knowledge of connection specifics for either application.” 1
The MarketScape report further noted:
Consider Solace when an organization has more monitoring and security requirements than what is available in native Kafka with advanced event management capabilities and also need cloud-agnostic deployment support, smart topic management and messaging format-agnostic solutions. Organizations seeking high degrees of confidence in solution security, with the ability to choose between several best practices with broad support for use business use cases accessible to a variety of non-developer personas should consider Solace.”1
Why Event Brokers are a Core Component of a Modern Application and Integration Strategy
For many organizations, event brokers enable the building of scalable, resilient and agile systems that can adapt to changing business needs. Some of the business benefits event brokers provide include:
- Real-time Response Applications: Event-driven applications respond quickly to changes in their environment, which is particularly valuable when response to market dynamics, customer behaviours, or operational conditions are critical.
- Enhanced Customer Experience: Real-time processing can support personalized and context-aware customer experiences such as offers and recommendations, leading to improved customer satisfaction and loyalty.
- Scalability and Elasticity: Handling increasing volume of events or transactions without significant infrastructure overhead. Meet growing demand or sudden spikes in activity without service degradation.
- Streamlined Application Integration: Seamless integration between internal systems, partner applications, and third-party services.
- Enhanced Resilience and Fault Tolerance: Message persistence, and failover mechanisms ensure high availability and fault tolerance, maintaining business continuity and service levels.
- Innovation and Differentiation: Allow business to rapidly innovate and differentiate in the market by leveraging real-time insights and event-driven workflows.
As noted by IDC in the MarketScape:
“Real-time operational data movement is becoming critical to succeed as a digital business. However, as organizations integrate more systems and applications, traditional point-to-point messaging patterns are further complicating the already tangled web of data flows and are reaching a breaking point.” 1
Dedication to Customer Success
Customer satisfaction is a priority, and Solace is dedicated to providing the best all-around support for our customers. Don’t just take our word for it, read for yourself what our customers say about Solace – Gartner Peer Reviews on Solace PubSub+
Download a complimentary report excerpt of this IDC Marketscape for insights into how event brokers are a critical component for building loosely coupled, scalable, and resilient systems, enabling real-time data flows.
1 Source: “IDC MarketScape: Worldwide Event Brokering Software 2024 Vendor Assessment”, by: Shari Lava and Andrew Gens, March 2024, IDC # US50301923
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