The world’s first event broker vendor assessment recognized Solace for its comprehensive portfolio of event-driven integration and streaming solutions
OTTAWA, ON, April 3, 2024 /PRNewswire/ — Solace, the leading enterprise real-time and event market enabler, today announced that it has been named a “Leader” in the IDC MarketScape: Worldwide Event Brokering Software 2023 Vendor Assessment (doc # US50301923, March 2024), the first and only competitive evaluation of Event Brokers by a major analytical firm.
The IDC MarketScape study evaluated the functional capabilities and go-to-market strategies of several major event broker software vendors serving clients in a wide range of industries. Vendors were evaluated on criteria such as architecture compatibility, security and access; brokering, monitoring and resiliency functionality; price models; customer delivery strategy and customer success; partner ecosystem and community; as well as growth and innovation.
“Event brokers are a key middleware capability in organizations looking to move toward a more event-driven architecture to enable real-time data flow. Ensuring that applications have real-time data is a critical capability in everyday human decision-making, but also in many to emerging AI use cases,” he said Shari Lion, Research Director, Automation within the AI and Automation Group, IDC. As noted later in the report, “Organizations should consider Solace if they’re looking for a high degree of confidence in solution security, cloud-agnostic deployment support and smart topic management, as well as broad support for business use cases accessible to a variety of non-developer users.”
In addition to highlighting Solace’s strengths in the areas of customer success and product innovation, the report specifically highlighted Solace brokers:
- Topic management optionsstating that “Solace has very robust ‘smart theme’ management capabilities compared to many other vendors in this space. Solace comes with all the basic monitoring capabilities covered out of the box, such as detailed logging, notifications and alerts, message tracking, and more.” In addition, Solace goes beyond traditional monitoring capabilities, integrating with many popular data management and security tools for advanced monitoring.”
- Event Mesh capabilitystating that “Solace PubSub+ includes powerful event networking capabilities to create a network of brokers designed to enable seamless access to data and events in highly distributed applications in hybrid and multi-cloud deployments. When customers deploy event networking with Solace’s smart topic management and multi-protocol support , distributed applications can efficiently exchange data in real time without prior knowledge of the specifics of the connection for any application.”
“The world is becoming increasingly connected, prompting organizations to move away from legacy systems with siled data to transform the way they deliver services and interact with their customers and partners in real time,” he said. Shawn McAllister, CTO and CPO, Solace. “We are proud to be recognized by IDC MarketScape in this inaugural vendor assessment of this market and believe this further validates Solace as a leader in providing the integration and event-driven streaming capabilities our customers demand to best differentiate them in the marketplace and help them succeed. “
Over the past two decades, Solace has helped organizations of all sizes—from innovative startups to world-leading companies—act and react to real-time data, or events, to improve operational efficiency and provide an optimal user experience. To date, Solace’s PubSub+ event-driven integration and streaming platform – powered by an event-driven architecture – processes more than 1TB of event data every day and can be found in 60% of the world’s largest investment banks, 4 of the top 5 FX firms, 4 of the top 12 telecommunications companies and 30% of the largest CPG manufacturers and retail chains. Comfort also plays a significant role in major digital government initiatives in the Canada, Singapore, India, Hong Kong, Dubai and Japan.
About IDC MarketScape
The IDC MarketScape vendor assessment model is designed to provide an overview of the competitive capability of ICT (information and communication technology) vendors in a given market. The research methodology uses a rigorous scoring methodology based on qualitative and quantitative criteria that results in one graphic illustration of the position of each supplier in a specific market. The 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.
About Solace
Solace helps enterprises connect and integrate anything, anywhere, reliably and in real-time, through the power of an event-driven architecture. With PubSub+, an event-driven integration and streaming platform, the company provides a comprehensive way for organizations to stream, integrate and manage events from where they are produced to where they are to be consumed – securely, reliably and quickly. Established enterprises around the world trust Solace to modernize their applications and integration; enable time-sensitive applications and processes at the level; and create seamless digital experiences for their customers, partners and employees. Learn more at solace.com.
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