Solace Named a Leader in Inaugural 2024 IDC MarketScape Report for Worldwide Event Brokering Software

Solace — The Leading Enabler 
of event-driven architecture for real-time enterprise

This past quarter saw Solace recognized as a “Leader” in the IDC MarketScape: Worldwide Event Brokering Software 2023 Vendor Assessment, the first and only Event Broker competitive evaluation by a major analyst firm.

The IDC MarketScape study evaluated the functional capabilities and go-to-market strategies of several major event broker software vendors serving customers across a wide range of industries. Vendors were assessed on criteria such as architecture compatibility, security and access; brokering, monitoring and resiliency functionality; pricing models; customer delivery strategy and customer success; partner ecosystem and community; as well as growth and innovation.
In addition to highlighting Solace’s strengths in the areas of customer success and product innovation, the report specifically noted Solace brokers’:

Topic management capabilities, stating “Solace has highly robust ‘smart topic’ management capabilities compared with many other vendors in this space. Solace comes with all core monitoring capabilities covered out-of-the-box, such as detailed logging, notifications and alerts, message tracing, and more. In addition, Solace goes beyond the normal monitoring capabilities, partnering with many popular data management and security tools for advanced monitoring.”

Event Mesh capabilities, stating “Solace PubSub + includes strong event mesh capabilities to create a network of brokers intended to enable seamless access to data and events across highly distributed applications in hybrid and multi-cloud deployments. When customers deploy event mesh alongside Solace’s smart topic management and multi-protocol support, distributed applications can efficiently exchange real-time data without prior knowledge of connection specifics for either application.”

“The world is becoming more connected, prompting organizations to move away from outdated systems with siloed data to transform how they deliver services and interact with their customers and partners in real-time,” said Shawn McAllister, CTO and CPO, Solace. “We are proud to be recognized by the IDC MarketScape in this inaugural vendor assessment of this market and we believe this further validates Solace as a leader in delivering the event-driven integration and streaming capabilities our customers demand to best differentiate them in the market and help them succeed.”

Over the past two decades, Solace has helped organizations of all sizes — from innovative startups to the world’s leading companies — act on and react to real-time data, or events, to improve operational efficiencies and deliver optimal customer experiences. To date, Solace’s PubSub+ event-driven integration and streaming platform — underpinned by event-driven architecture — processes over 1TB of events data every day and can be found in 60% of the world’s largest investment banks, 4 of the top 5 FX companies, 4 of the top 12 telcos and 30% of the largest CPG manufacturers and retail chains. Solace also plays a significant role in major digital government initiatives in Canada, Singapore, India, Hong Kong, Dubai and Japan.