AppDynamics, Dynatrace and New Relic were all named Leaders in the new Gartner 2015 Magic Quadrant for Application Performance Monitoring Suites.

Additional vendors inin the report include AppNeta, BMC Software, CA Technologies, Dell, Hewlett Packard Enterprise, IBM, JenniferSoft, ManageEngine, Microsoft, Nastel Technologies, Riverbed Technology and Tingyun.

The report was prepared by Gartner's Cameron Haight, Will Cappelli, and Federico De Silva.

According to Gartner, the market grew by 15.8% in 2014, the highest growth rate within the IT operations management market.i In terms of market size, APM accounted for $2.6 billion in 2014. Additionally, Gartner expects that "by 2020, 60% of APM buyers will reside outside of IT operations organizations, up from less than 35% today."

AppDynamics Named Leader

AppDynamics was named a Leader in the Gartner report for the fourth consecutive year. In addition, the company was positioned furthest to the right on the “Completeness of Vision” axis for the second year in a row. Evaluation criteria for Completeness of Vision includes market understanding, marketing strategy, sales strategy, product strategy, business model, vertical and industry strategy, innovation, and geographic strategy.

“We believe Gartner’s assessment is a validation of our strengths and vision,” said David Wadhwani, AppDynamics president and CEO. “Every business is dealing with the challenges and opportunities of digital transformation. AppDynamics’ enterprise customers in every major industry — financial services, insurance, retail, healthcare, media and entertainment, to name just a few — count on AppDynamics to increase the performance and reliability of their applications. Our solution reduces costs through automation and increases revenue through improved user experience.”

Jyoti Bansal, AppDynamics’ founder, executive chairman and chief strategist, said, “Our mission is to deliver the next-generation Application Intelligence Platform, architected for today’s modern, complex, andhighlydistributed applications. Our solution dramatically simplifies performance management and captures real-time, contextualized operational analytics that can help businesses become more efficient and profitable. We feel being recognized as a leader by Gartner for the fourth consecutive year validates that our feature-rich, highly scalable solutions are meeting the needs of today’s agile, software-defined enterprises.”

Dynatrace Named Leader

Dynatrace was named a Leader in the Gartner report for the sixth consecutive year. The company is the only vendor to maintain its leadership position in the Magic Quadrant every year since Gartner introduced it.

“Our leadership is driven by the trust our new and long-term customers have placed in us to help them simplify managing their applications and optimize their users’ experiences” said John Van Siclen, CEO at Dynatrace. “Helping our customer succeed– whatever their industry, their size or their maturity, will continue to fuel our growth. We have some exciting innovations in store for our customers and will continue to combine the strength, stability and scalability of a global leader with the agility and innovation of a start-up.”

“We are very proud of this leadership recognition from Gartner. More importantly, we are honored by our customers’ confidence in our people, our software and our digital performance management direction,” added Van Siclen. “Together, we believe these are the true validation of our focus on driving application performance to new heights.”

New Relic Named Leader

New Relic was named a Leader in the Gartner report for the fourth consecutive year.

“We are excited to be recognized for the fourth consecutive year as a Leader in Gartner’s Magic Quadrant for Application Performance Monitoring Suites,” said Lew Cirne, CEO and Founder of New Relic. “It has been an important year for New Relic in our mission to advance the APM market to the cloud and help customers large and small make the most of software analytics. These efforts have never been more important given the critical role software plays for companies in relating to their customers. New Relic is dedicated to helping companies unlock the data from their software to achieve better application performance, customer experience, and business success.”