As Sumo Logic readies for IPO, can it threaten Splunk?

Advertisement

BEGIN ARTICLE PREVIEW:

tldr: No. At least not yet ….
Sumo Logic is filing for its IPO this week. Yes, the world may be plagued by a pandemic, forest fires, chaotic weather patterns with 100-degree temperatures and snowfalls (on the same day, yes), but let us take a pause to consider the upcoming market battle between Sumo Logic and Splunk. Mount Vesuvius may be exploding and spewing fire in our face, but on our way to our extinction, we sorely need to check our log data, our stocks, and IRR growth.
So here we go.
By now, we have accepted that we are all data hogs, collecting and saving every bit and byte, logs, trickles, and streams. (Here is my recent post on Snowflake and its meteoric growth). We are addicts and hoarders all in one. Both Sumo Logic and Splunk do a similar thing — gather all your data and let you analyze it, more or less.

But Sumo Logic is all SaaS, while Splunk is still shifting to SaaS. So can the new IPO kid in town, Sumo Logic, be a strong competitor to Splunk? Considering that both are playing in a $50 billion total addressable market, according to Sumo Logic’s S1 filings, …

END ARTICLE PREVIEW

READ MORE FROM SOURCE ARTICLE