IDC market shares report names New Relic leader in APM

In 2020, New Relic achieved the top position in the application performance management (APM) market with a 12.2 percent market share, as reported by IDC. The APM market, which grew by 9.1 percent despite the pandemic, reached $5.3 billion due to the increased demand for managing complex and cloud-native applications. New Relic's success can be attributed to its significant pricing and packaging changes, FedRAMP authorization advancements, and expanded New Relic One platform capabilities, focusing on the full software development life cycle and IT operations. The company's acquisition of Pixie Labs and support for various cloud platforms and open-source tools have further solidified its leadership. New Relic's efforts in full-stack monitoring, machine learning, and log analysis enable better observability and performance management, ensuring optimal digital experiences for users.