Sumo Logic, Inc. (SUMO) Competitors: 2 Rivals In The Data Analytics Sector

In the era of digital operations, online brand visibility, and remote working, business data can make or break a business as it is central to the realization of business goals and objectives. Data collection and centralization, monitoring and visualization, search and investigation, and finally alert and notification are the crucial processes for effective data management.

Sumo Logic, Inc. (SUMO) is offering cutting-edge solutions for business data management. The solutions are tailored for Software as a service (SaaS) solutions and they enable businesses to operate at a cloud-scale. The platform guarantees optimal security as users can access data solutions in real-time for analytical purposes as well as for security concerns. Data analytics is also vital in data-driven decision-making.

Splunk Inc. (SPLK)

Splunk Inc. (SPLK) is an emerging data services provider guaranteeing up to 70% protection from data breaches. The company has customized solutions to enable businesses to automate their operations to fits into the revolutionary data age.

The SPLK focus on cybersecurity is more visible than the commitment of SUMO in offering data security. This is proven by the fact that Splunk Inc. (SPLK) has 91% trust among the fortune 100. The data-to-everything service however differs from the Software as a service focus that the SUMO brand is renowned for. Therefore, completion among the two companies is dependent on the business needs, priorities, and objectives.

SPLK stocks have a market capitalization of $21,810,845,918 compared to SUMO market capitalization which is $2,159,971,280 as of the close of the trading session on 14-July 2021 on Nasdaq.

In the meantime, SUMO revenue is projected to grow from $155 million to $220 million in 2021 with the stellar performance for quarter 1 of 2021. On the other hand, Splunk Inc.'s (SPLK) revenues of $2.36 billion in 2020 are likely to outperform the growth of SUMO sales since the company has been growing its sales by at least 30% in the last half a decade.

Datadog (DDOG)

Datadog (DDOG) offers DataOps, machine learning, IoT, cloud migration, security analytics, hybrid cloud monitoring, on-premises monitoring among other cutting-edge solutions for business data management.

Moreover, DDOg enables users to access customized Log Management, APM, Security Monitoring, Network Monitoring, Synthetic Monitoring, Real User Monitoring, and Serverless systems for business digitization. Notably, the company excels as a market leader in incidents management which differentiates it from Sumo Logic, Inc. (SUMO).

On the stocks market, DDOg stocks plunged to a short-term low of 74 on May 6, 2021 but the investors' sentiments have been bullish and the price has been able to recover to $104 as of July 25, 2021.

The company is expected to grow its revenues by more than 50% in 2021 and this is expected to attract more investors.