Confluent Named a Leader in Two IDC MarketScape Reports Evaluating Data Streaming Technologies
03 April 2024 - 3:00PM
Business Wire
IDC MarketScape reports for Worldwide Analytic
Stream Processing Software 2024 Vendor Assessment and Worldwide
Event Brokering Software 2024 Vendor Assessment highlight the
growing importance of real-time data streaming and processing
Confluent, Inc. (NASDAQ: CFLT), the data streaming pioneer,
today announced that it has been named as a Leader in the IDC
MarketScape for Worldwide Analytic Stream Processing Software 2024
Vendor Assessment(1) and the IDC Marketscape for Worldwide Event
Brokering Software 2024 Vendor Assessment(2).
"We believe our position as a Leader in both IDC MarketScapes is
based on market recognition of data streaming platforms," says
Shaun Clowes, Chief Product Officer, Confluent. "From critical use
cases like accelerating the development of real-time AI
applications to real-time payments, companies rely increasingly on
Confluent to deliver trustworthy data across their
organization."
At the heart of the data streaming movement is Apache Kafka®.
Kafka is the de facto standard and most successful open source
technology for streaming data used by hundreds of thousands of
developers, including 75% of the Fortune 500. Confluent provides
everything companies need to implement Kafka use cases quickly,
securely, and reliably, everywhere they need it. With the only data
streaming platform that streams, connects, processes and governs
real-time data, organizations can break down data barriers and
easily reuse and access data streams for endless use cases. Instead
of tackling a complex data mess, teams can now focus on developing
real-time applications that drive significant business value.
The IDC MarketScape for Worldwide Analytic Stream Processing
Software 2024 Vendor Assessment notes, “As a data streaming
platform, Confluent Cloud seeks to serve the needs of a large pool
of potential customers through a broad coverage approach.” It also
states, “Confluent Cloud removes the complexities of implementing
and operating Kafka infrastructure, connectors, processing, and
governance, allowing customers to focus on building streaming data
pipelines and real-time applications to achieve operational and
strategic business outcomes.” The excerpt also says, ”Confluent
Cloud is highly infused with predictive AI, interpretive AI, and
generative AI, which can provide for a wide range of potential use
cases within each of these three categories.”
The company’s strengths as evaluated by the IDC MarketScape in
this excerpt include:
- Stream Governance: “Confluent has built an extensive set
of stream intelligence capabilities that enable stream governance.
The company supports event discovery through its stream catalog and
data portal, runtime schema validation provided by a schema
registry, stream lineage capability to trace data flowing through
the stream, and the ability to tag sensitive event data flowing
within the stream. These capabilities contribute to improving the
quality of data in the stream, stream tracing, and compliance with
internal and external policies and regulations.”
- Confluent partner program and multicloud support:
“Confluent has a large and diverse set of global channels,
implementation, and technology partners. Confluent is available on
all public clouds, including Amazon Web Services, Azure, GCP,
Alibaba, Oracle Cloud Infrastructure, and the IBM Cloud.”
The IDC MarketScape for Event Brokering Software 2024 Vendor
Assessment notes, “Confluent Cloud offers users many event
processing capabilities that provide a strong foundation for a
general-purpose model, such as event routing, event transformation,
event filtering, load balancing, and event replay.” It also says,
“within the platform, Confluent Cloud can utilize commercial LLMs
like ChatGPT/Bard to convert natural language into SQL-based
pipelines that execute on Confluent. Confluent Cloud is decoupled
from any particular LLM implementation, increasing the ease to
change between vendors. In addition, Confluent recently announced
expanded AI-focused partnerships with MongoDB, Pinecone, Rockset,
Weaviate, and Zilliz to provide real-time contextual data from
anywhere for their vector databases.”
The company’s strengths as evaluated by the IDC MarketScape in
this excerpt include:
- Strong analytical and operational capabilities:
“Confluent Cloud supports a wide range of analytical and
operational capabilities like partitioning, advanced routing and
processing, and metrics monitoring. Implementation of AI
capabilities, such as integration of commercial LLMs and, more
recently, partnering for real-time contextual data with vector
databases, will only continue to expand the range of analytical and
operational capabilities available for Confluent customers.”
- Out-of-the-box monitoring and security capabilities:
“Confluent sets itself apart from many vendors with the number of
out-of-the-box capabilities offered on Confluent Cloud, including
in-demand monitoring and security capabilities that are expected or
commonly utilized for event brokers. This gives Confluent a great
competitive advantage over vendors that require third-party
integrations or other, more complicated processes to engage these
tools and capabilities.”
Additional resources
- Download an excerpt of IDC MarketScape for Worldwide Event
Broker Software 2024 Vendor Assessment
- Download an excerpt of IDC MarketScape for Worldwide Analytic
Stream Processing Software 2024 Vendor Assessment
- Read more about Confluent’s placement in the IDC MarketScapes
in this blog post
- Click here for more information on data streaming for real-time
AI
About Confluent
Confluent is the data streaming platform that is pioneering a
fundamentally new category of data infrastructure that sets data in
motion. Confluent’s cloud-native offering is the foundational
platform for data in motion – designed to be the intelligent
connective tissue enabling real-time data, from multiple sources,
to constantly stream across the organization. With Confluent,
organizations can meet the new business imperative of delivering
rich, digital front-end customer experiences and transitioning to
sophisticated, real-time, software-driven backend operations. To
learn more, please visit www.confluent.io.
Confluent and associated marks are trademarks or registered
trademarks of Confluent, Inc.
About IDC MarketScape
IDC MarketScape vendor assessment model is designed to provide
an overview of the competitive fitness of ICT (information and
communications technology) 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. IDC MarketScape provides a clear framework in which
the product and service offerings, capabilities and strategies, and
current and future market success factors of IT and
telecommunications vendors can be meaningfully compared. The
framework also provides technology buyers with a 360-degree
assessment of the strengths and weaknesses of current and
prospective vendors.
(1) IDC MarketScape for Analytic Stream Processing Software 2024
Vendor Assessment, doc #US51053123, March 2024 (2) IDC MarketScape
for Worldwide Event Brokering Software 2024 Vendor Assessment, doc
#US50301923, March 2024
View source
version on businesswire.com: https://www.businesswire.com/news/home/20240403254877/en/
Media Contact Taylor Jones pr@confluent.io
Investor Contact Shane Xie investors@confluent.io
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