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Elastic NV ( ESTC) is a competitor with a similar suite of products and they estimated their total addressable market was approximately $37 billion in 2019. Splunk's solutions have a broad range of applications, and as a result, the addressable market is huge and growing rapidly. Advances in analytical techniques: Advanced analytical techniques expand the size and types of datasets that can be processed.Increasing supply of data: The volume, velocity, variety, and value of data are rapidly increasing. ![]() ![]()
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