Forrester Research Names CloudHealth Technologies Leader in Cloud Cost Monitoring Space

The independent market research firm Forrester Research has released a new report on research conducted over the past few months on providers of cloud cost monitoring and optimization platforms. For its report, Forrester Research conducted an in-depth evaluation of companies and their cost monitoring and optimization platforms and produced a list of the top nine vendors. The addition of this new Forrester Wave report demonstrates just how important cloud monitoring and cost optimization solutions have become.

The Forrester Wave™: Cloud Cost Monitoring and Optimization, Q2 2018 report saves businesses considerable time when creating a shortlist of suitable companies to help them avoid cloud chaos and optimize their cloud environments. The report includes a detailed analysis of each vendor to help businesses choose the best platform to suit their individual needs.

Each vendor is rated in three areas: Their current offering, strategy, and market presence. Within these broad categories, companies have been rated based on cloud service administration and governance, cloud platforms supported, cost optimization, cloud monitoring, support services, platform experience and SLAs, integrations and APIs, market approach, product vision, partner ecosystem, number of customers; revenue, and market share.

The Q2 report sees CloudHealth Technologies included and ranked highest in the market presence category, confirming the company is the leader in the cloud cost monitoring and optimization space. The platform was also ranked second highest in the current offering category and was amongst the highest rated companies in the strategy category.

The CloudHealth Technologies platform has now been adopted by more than 3,000 organizations and is used to manage more than $5 billion in combined cloud spend.

“Beyond cloud cost management, CloudHealth Technologies aspires to be categorized as a multicloud management and governance platform for IT. To support governance, CloudHealth’s platform is built around a robust policy engine that provides templatized workflows for policy creation with a unique embedded quality assurance process,” wrote Forrester Research. “Additionally, CloudHealth’s platform enables users to purchase AWS Reserved Instances directly through its interface. Also unique to CloudHealth is its Google Cloud Platform support which is currently in beta.”

Author: NetSec Editor