The News: Chronosphere, a premier observability platform provider for cloud-native services and a Google Cloud Premier Partner, announced triple-digit growth in annual sales within the first 12 months of its partnership with Google Cloud at Google Cloud Next ’24. Read the full press release here.
Empowering Developers with Next-Generation Observability Solutions
Analyst Take: The observability market is expanding at an unprecedented rate due to cloud-native architectures becoming more and more popular. As cloud environments get more complex, developers are under growing pressure to guarantee the performance, scalability, and reliability of their applications. As evidenced by its impressive triple-digit annual sales growth and integration with Google Cloud’s Personalized Service Health (PSH), Chronosphere’s ongoing commitment to innovation signals to developers an expanding opportunity to realize full observability for their applications.
Now, developers have access to a comprehensive observability platform that not only tracks the health of their applications but also offers valuable data on the infrastructure below. Because of Chronosphere and Google Cloud’s collaboration, the monitoring process is streamlined, and developers are able to proactively identify and address problems before they adversely impact the user experience. In fact, according to our latest observability research study, 55% of respondents believe increasing IT automation or AIOps adoption is crucial for organizations to meet their operational requirements. Developers may reduce operational costs and enable quicker incident response by utilizing the PSH connection, which gives them greater insight into the health of their Google Cloud services.
Furthermore, developers who are looking for flexibility and interoperability in their toolchains may find significant value in Chronosphere’s emphasis on open-source compatibility and doing away with vendor lock-in. Complicity is also a challenge here. We see that 52% of the respondents in our Futurum Research observability study said that, on average, they use 6-10 observability tools to collect data from their application environment. With this partnership, teams will be able to easily include best-in-class technologies into their cloud-native workflows, highlighting the growing significance of ecosystem integration in the developer experience and reducing complexity in the toolsets. We see that 40% of the respondents to our latest observability study said that 26% to 50% of the organization’s revenue is directly tied to internally developed or custom applications. With developers driving innovation in cloud-native development, Chronosphere’s growth and partnership with Google Cloud demonstrate a mutually beneficial partnership that enables developers to confidently build and expand mission-critical applications and address this application growth and advancement.
Looking Ahead
We see in our Futurum Research observability study that developers navigating the complexity of modern cloud environments can leverage solutions like Chronosphere’s rapid growth and strategic alignment with Google Cloud to provide a major benefit in this application growth. Chronosphere’s integration with Google Cloud’s PSH improves observability and accelerates incident response, freeing up developers to concentrate on innovation rather than maintenance.
With tools specifically designed for cloud-native workflows, developers are becoming increasingly empowered, as this partnership highlights. With its open-source compatibility and seamless interface with top cloud platforms, Chronosphere frees developers from vendor lock-in to create scalable and dependable applications.
Looking ahead, we see observability solutions continuing to innovate due to developers’ unwavering focus on performance, reliability, and agility. The fact that Chronosphere is growing and working with Google Cloud is evidence of how important observability is in helping developers realize the full potential of cloud-native development and create amazing user experiences.
Disclosure: The Futurum Group is a research and advisory firm that engages or has engaged in research, analysis, and advisory services with many technology companies, including those mentioned in this article. The author does not hold any equity positions with any company mentioned in this article.
Analysis and opinions expressed herein are specific to the analyst individually and data and other information that might have been provided for validation, not those of The Futurum Group as a whole.
Other Insights from The Futurum Group:
Chronosphere Partners with CrowdStrike and Acquires Calyptia
LogicMonitor: Advancing Observability in the Evolving Digital Landscape
Empowering Digital Business with New Relic’s Pathpoint Observability
Author Information
At The Futurum Group, Paul Nashawaty, Practice Leader and Lead Principal Analyst, specializes in application modernization across build, release and operations. With a wealth of expertise in digital transformation initiatives spanning front-end and back-end systems, he also possesses comprehensive knowledge of the underlying infrastructure ecosystem crucial for supporting modernization endeavors. With over 25 years of experience, Paul has a proven track record in implementing effective go-to-market strategies, including the identification of new market channels, the growth and cultivation of partner ecosystems, and the successful execution of strategic plans resulting in positive business outcomes for his clients.
Bringing more than a decade of varying experience crossing multiple sectors such as legal, financial, and tech, Sam Holschuh is an accomplished professional that excels in ensuring success across various industries. Currently, Sam serves as an Industry Analyst at The Futurum Group, where collaborates closely with practice leads in the areas of application modernization, DevOps, storage, and infrastructure. With a keen eye for research, Sam produces valuable insights and custom content to support strategic initiatives and enhance market understanding.
Rooted in the fields of tech, law, finance operations and marketing, Sam provides a unique viewpoint to her position, fostering innovation and delivering impactful solutions within the industry.
Sam holds a Bachelor of Science degree in Management Information Systems and Business Analytics from Colorado State University and is passionate about leveraging her diverse skill set to drive growth and empower clients to succeed in today's rapidly evolving landscape.
