Monte Carlo vs New Relic comparison

The compared Monte Carlo and New Relic solutions aren't in the same category. Monte Carlo is ranked #1 in DO , with an average rating of 9.0, and holds a 34.2% mindshare in the category. New Relic is ranked #5 in APM , with an average rating of 7.8, and holds a 7.4% mindshare. Additionally, 100% of Monte Carlo users are willing to recommend the solution, compared to 94% of New Relic users who would recommend it.

Monte Carlo

Read 1 Monte Carlo review

144 Views
127 Comparison Views

100% willing to recommend

New Relic

Read 158 New Relic reviews

17,941 Views
14,077 Comparison Views

94% willing to recommend

Monte Carlo

New Relic

Review summaries and opinions

We asked business professionals to review the solutions they use. Here are some excerpts of what they said:

Categories and Ranking

Monte Carlo

Average Rating

9.0

Number of Reviews

Ranking in other categories

Data Observability (1st)

New Relic

Average Rating

8.4

Reviews Sentiment

7.1

Number of Reviews

158

Ranking in other categories

Application Performance Monitoring (APM) and Observability (5th), Network Monitoring Software (7th), IT Infrastructure Monitoring (6th), IT Operations Analytics (3rd), Mobile APM (3rd), Cloud Monitoring Software (5th), AIOps (3rd)

Mindshare comparison

Monte Carlo and New Relic aren’t in the same category and serve different purposes. Monte Carlo is designed for Data Observability and holds a mindshare of 34.2%, down 42.6% compared to last year.
New Relic, on the other hand, focuses on Application Performance Monitoring (APM) and Observability, holds 7.4% mindshare, down 9.7% since last year.

Data Observability

Application Performance Monitoring (APM) and Observability

Featured Reviews

Prathik Rokhade

Associate Sr. Manager at Financial Insight Technology, Inc.

Provides centralized data observability features and has an easy-to-use user interface.

The product's initial setup is in a daily improvement stage, deploying new plugins for upstream and downstream resources. It takes 25 minutes to complete. The process involves integrating with third-party services for Single Sign-On (SSO). It requires only one executive for maintenance as it has easy-to-use navigation and user interface.

Read full review

Iqbal Khowaja

Chief Technology Officer at State of Hawaii

Has a simple user interface and end-to-end monitoring and self-healing features

My organization uses many application performance management solutions, such as AppDynamics, New Relic APM, Splunk, and Datadog. I'm the CTO for the state of Hawaii, and across the board, different departments use different APM tools. I'm using the latest version of New Relic APM, but I cannot recall the exact version. My company has a dozen engineers using and monitoring New Relic APM. I'd tell anyone planning to use New Relic APM that it has to fit what you have. For example, most of my company's payload is in AWS, and the tool has adopters and features that CloudWatch cannot provide. Still, New Relic APM can, so you should do a demo or trial run first and see if it's a tool that'll help you with end-to-end monitoring. New Relic APM is working well for my company, so an excellent way to start is to do a trial run to see how the tool works out for your current applications. My rating for the tool is nine out of ten because my experience with it has been great. New Relic also worked closely with my company and has always been upfront on what's available and what's not. My company is a New Relic APM customer.

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Quotes from Members

We asked business professionals to review the solutions they use. Here are some excerpts of what they said:

Pros

"It makes organizing work easier based on its relevance to specific projects and teams."

"The versatility of the solution is its most valuable feature."

"The product allows the developer to see the actual problems in the applications."

"You don't have to go through a list of 500 servers."

"It does everything we wanted it to do."

"The most valuable feature is the ability to manage the application flow."

"It has helped us maintain a much higher uptime than we had previously."

"The solution is quite stable."

"They have baseline level alerting."

More New Relic pros

Cons

"For anomaly detection, the product provides only the last three weeks of data, while some competitors can analyze a more extended data history."

"The product has good documentation for Linux, however, their documentation for Windows is lacking substantially. It's something they need to develop."

"The solution only supports the cloud platform and not on-premises."

"Some AIOps are missing in New Relic APS, and I would like to see more features in this area."

"I would like the ability to set up certain dummy accounts and do the actual things that the customer is doing, without impacting the production environment."

"The solution should include more detailed reports for SQL database requests."

"New Relic does enable frontend performance monitoring by default. However, when we are troubleshooting the issue, New Relic is not able to trace back to the service where the issue is. Other solutions, such as Dynatrace are better."

"I would like to see the company implement the AI auto-baseline feature which Dynatrace has."

"The initial setup can be made easier. Like Mixpanel, New Relic can also have a step-by-step guide for the setup process."

More New Relic cons

Pricing and Cost Advice

"The product has moderate pricing."

"The solution is quite expensive. It costs around $5,000 a month. There aren't any additional costs above that."

"New Relic is either free with low retention and minimal functionalities, or expensive with full options and retention."

"This is an expensive tool."

"The solution is priced reasonably. New Relic APM is one of the best products for me because it's economical, so anyone can easily pick it over other solutions and use it."

"Pricing is better with New Relic APM than Dynatrace."

"We spend somewhere around $5,000 to $6,000 per month with an annual recommitment of maybe $60,000. These are just ballpark figures."

"There is a picture which goes to your browser and it monitors requests from other users. However, it's impossible to use now because the price is very high. The feature is very nice, but I tried it during the trial period, and the current price makes it impossible to use."

"The pricing and licensing are good if you have an account manager and a partner manager who are looking to help out."

More New Relic pricing and cost advice

See which vendors are best for you

Use our free recommendation engine to learn which Data Observability solutions are best for your needs.

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838,713 professionals have used our research since 2012.

Top Industries

By visitors reading reviews

Computer Software Company

19%

Financial Services Firm

10%

Manufacturing Company

Retailer

Educational Organization

54%

Computer Software Company

Financial Services Firm

Manufacturing Company

Company Size

By reviewers

Large Enterprise

Midsize Enterprise

Small Business

No data available

Questions from the Community

What do you like most about Monte Carlo?

It makes organizing work easier based on its relevance to specific projects and teams.

See all answers

What is your experience regarding pricing and costs for Monte Carlo?

The product has moderate pricing.

See all answers

What needs improvement with Monte Carlo?

For anomaly detection, the product provides only the last three weeks of data, while some competitors can analyze a more extended data history. This feature needs improvement. Its price could be a ...

See all answers

Any advice about APM solutions?

There are many factors and we know little about your requirements (size of org, technology stack, management systems, the scope of implementation). Our goal was to consolidate APM and infra monitor...

See all answers

What do you like most about New Relic Insights?

The product's initial setup phase was very easy.

See all answers

What needs improvement with New Relic Insights?

Email alert customization is limited; it cannot be tailored much, which makes the system more rigid than optimal. The handling of logs from integration tools is not as advanced compared to other to...

See all answers

Comparisons

Datadog vs Monte Carlo

Compared 29% of the time

Grafana vs Monte Carlo

Compared 20% of the time

Dynatrace vs Monte Carlo

Compared 10% of the time

Splunk Observability Cloud vs Monte Carlo

Compared 10% of the time

Anomalo vs Monte Carlo

Compared 6% of the time

More Monte Carlo Competitors

Dynatrace vs New Relic

Compared 12% of the time

Elastic Observability vs New Relic

Compared 12% of the time

Datadog vs New Relic

Compared 9% of the time

Grafana vs New Relic

Compared 6% of the time

Sentry vs New Relic

Compared 5% of the time

More New Relic Competitors

Product Reports

No data available

Buyer's Guide

New Relic

February 2025

Download New Relic product report

Also Known As

No data available

New Relic Browser, New Relic Applied Intelligence, New Relic Insights, New Relic Synthetics, New Relic Servers, New Relic APM

Overview

Stop wasting time on data fire-drills. Stop trying to hack band-aid solutions. Stop paying for outdated data governance software. With Monte Carlo, data teams are the first to know about and resolve data problems, leading to stronger data teams and insights that deliver true business value.
You invest so much in your data infrastructure – you simply can’t afford to settle for unreliable data. At Monte Carlo, we believe in the power of data, and in a world where you sleep soundly at night knowing you have full trust in your data.

Monte Carlo

New Relic is a powerful tool for optimizing web pages, tracking user behavior, and monitoring application performance. It helps detect anomalies, generate metrics, and create dashboards for synthetics monitoring, container workloads, stress tests, and more.

New Relic provides organizations with comprehensive insights into APIs, infrastructure, and scalability. It supports mobile and web applications with features like java tracking, health maps, customizable dashboards, and drill-downs. Users benefit from its easy initial setup, accurate alerts, UI monitoring, error tracking, and traceability. New Relic supports multiple ecosystems with straightforward pricing and new feature introductions, offering end-to-end monitoring, thorough data analysis, and effective problem resolution.

What are New Relic's most important features?

Java Tracking: Efficiently monitor Java applications.
Infrastructure Monitoring: Comprehensive overview of infrastructure health.
APM: In-depth application performance monitoring.
Tight Integration: Seamless integration across different system layers.
Health Maps: Visual representation of system health.
Customizable Dashboards: Personalized data display and insights.
Drill-Downs: Detailed analysis at multiple levels.

What benefits and ROI should users look for in reviews?

Application Insights: Detailed understanding of application performance.
Accurate Alerts: Immediate notifications for issues.
Traceability: Enhanced end-to-end traceability for problem resolution.
Scalability: Accommodation of growing infrastructure.
Flexible Query Design: Adaptable search and analysis functionality.
Reliable Performance: Consistent application monitoring and upkeep.

New Relic is leveraged in industries such as e-commerce, finance, and technology. It helps monitor web traffic, evaluate load balancing, and ensure applications meet performance standards. Companies use it for stress tests, container-based workloads, API monitoring, and infrastructure management. Its integration capabilities are valuable for maintaining performance and scalability across diverse ecosystems, aiding in thorough data analysis and problem resolution.

New Relic

Sample Customers

Information Not Available

World Fuel Services, Verizon, FootLocker, McDonald's, Trainline, Mondia Media, Confused, Costa Coffee, Ryanair, Marks & Spencer, William Hill, Delivery Hero, Skyscanner, BASF, DAZN, Veygo, Virtuo, movingimage, talabat, Australia Post, Tokopedia, Seven Network, Virgin Australia, Zomato, BigBasket, Mercado Libre, Lending Club

We monitor all Data Observability reviews to prevent fraudulent reviews and keep review quality high. We do not post reviews by company employees or direct competitors. We validate each review for authenticity via cross-reference with LinkedIn, and personal follow-up with the reviewer when necessary.