Splunk Cloud is considered too expensive, with its two product offerings both being costly. I would rate the cost an eight out of ten, with ten being the most costly.
Engineer at a tech services company with 501-1,000 employees
Real User
Top 5
Sep 6, 2024
Splunk Cloud is affordable, depending on your license. I don't know how much it costs exactly, but my colleague said it depends on your licensing and which features you use.
Infrastructure Engineer at a insurance company with 5,001-10,000 employees
Real User
Top 10
Jun 4, 2024
I do not personally deal with that side, but from discussions, I know that it is one of the more expensive tools. I do not have anything to compare it with.
My company has a license for Splunk Cloud Platform. My company also has a license for Splunk Enterprise. There are two packages that my company has access to when it comes to Splunk, and I am also aware of the configurations and setup phases related to the tool, from scratch to production.
Delivery Manager at a tech services company with 1,001-5,000 employees
Reseller
Top 5
Aug 28, 2023
Splunk Cloud Platform's pricing is a little on the higher end. When smaller organizations start their journey of onboarding log sources or security solutions, they think Splunk is quite worth it. But when they start growing, they feel it's quite eating up their budget on security. So, it is fine for smaller organizations. It all depends on how the discounts are provided.
Splunk Architect Application Software Developer at a tech vendor with 10,001+ employees
MSP
Aug 17, 2023
I'm not aware of the exact pricing. That said, my understanding is that it is very reasonable. However, every application has a price. We need separate licenses for everything. They don't have any bundles.
Cloud Sec Eng at a pharma/biotech company with 10,001+ employees
Real User
Aug 17, 2023
The cost of the Splunk Cloud Platform is high, and in addition to the standard licensing fee, we also have a premium support fee. Now, we are paying less because, instead of being charged based on ingestion, we are paying for SVCs, which stands for Splunk Virtual Compute. This implies that our costs have decreased. Despite ingesting a larger volume of logs, our expenses are lower than they were before. However, it's important to note that if our usage of the tool increases, our expenses will also increase. Therefore, this represents a distinct licensing model from Splunk's.
Sr. Engineer Observability at a financial services firm with 10,001+ employees
Real User
Jul 20, 2023
Splunk is expensive. We have had some challenges in ensuring that all data is available in Splunk due to its cost. It has definitely proven its value in the data that we have brought in. From a resiliency and reporting perspective, those things are all very valuable. But it's certainly not the most cost-effective product in the world. It is a valuable product, but it is certainly challenging at times to be able to bring in as much data as I would want due to the cost of the product.
Senior Analyst at a computer software company with 11-50 employees
Real User
Jun 7, 2022
The license costs around 100,000-150,000 rupees. Splunk Cloud is the basic version. It costs extra if you need Splunk interface or Splunk ICSA. Those are premium additions. There are additional costs if you want to use the other premium aspects of Splunk.
It's yearly a yearly license on a three-year contract. On a three-year contract, you get a discount basically - rather than putting it on a rolling yearly contract. On pricing, if I base it on the functionality of the system out of the box, I would rate it five out of five. They have several prepackaged modules you can purchase. For example, for the security type, they have Security Enterprise, with the default products getting security essentials. With Infrastructure, the same. We've got an ITOps enterprise, which again, is payable on top of the standard license. It's pretty much how much you can actually build in-house. The difference between AT&T, LogRhythm, and Splunk, while AT&T and LogRhythm are pretty out of the box (it's click and configure), Splunk is highly configurable. You can make it do whatever you want to, as long as you know how to edit the configuration files. What ITOps and Security Enterprise do, instead of you having to build all that from the ground up, so the dashboards, the logic behind it, the configuration files, and so on, become prepackaged and pre-installed.
Compared to other products, Splunk Cloud is expensive. The licensing is based on the amount of data that we send to the cloud on a daily basis. It is expensive, although it has more features than other SIEM tools.
Splunk Cloud Platform enhances operational efficiency with streamlined log management and real-time data analysis, offering customizable dashboards, seamless system integration, and a user-friendly interface that simplifies infrastructure management.Splunk Cloud Platform stands out for its robust indexing and powerful search capabilities, delivering end-to-end visibility across environments. AI-driven security measures enhance cybersecurity intelligence, while its flexible log management...
We think that the price of the product is quite reasonable.
If I were to rate the price for the product from 1 to 10, I would rate it nine.
Splunk Cloud is considered too expensive, with its two product offerings both being costly. I would rate the cost an eight out of ten, with ten being the most costly.
Splunk Cloud is affordable, depending on your license. I don't know how much it costs exactly, but my colleague said it depends on your licensing and which features you use.
I do not personally deal with that side, but from discussions, I know that it is one of the more expensive tools. I do not have anything to compare it with.
Splunk is a bit more expensive than some solutions, but customers can derive more value from it due to the features it has.
My company has a license for Splunk Cloud Platform. My company also has a license for Splunk Enterprise. There are two packages that my company has access to when it comes to Splunk, and I am also aware of the configurations and setup phases related to the tool, from scratch to production.
The Splunk Cloud Platform is expensive.
Splunk is a bit pricey, but it's reasonable for the features offered.
It was a good model.
Splunk Cloud Platform's pricing is a little on the higher end. When smaller organizations start their journey of onboarding log sources or security solutions, they think Splunk is quite worth it. But when they start growing, they feel it's quite eating up their budget on security. So, it is fine for smaller organizations. It all depends on how the discounts are provided.
It is not that expensive.
I'm not aware of the exact pricing. That said, my understanding is that it is very reasonable. However, every application has a price. We need separate licenses for everything. They don't have any bundles.
The cost of the Splunk Cloud Platform is high, and in addition to the standard licensing fee, we also have a premium support fee. Now, we are paying less because, instead of being charged based on ingestion, we are paying for SVCs, which stands for Splunk Virtual Compute. This implies that our costs have decreased. Despite ingesting a larger volume of logs, our expenses are lower than they were before. However, it's important to note that if our usage of the tool increases, our expenses will also increase. Therefore, this represents a distinct licensing model from Splunk's.
The pricing is reasonable. They provide good options for licensing.
Splunk is expensive. We have had some challenges in ensuring that all data is available in Splunk due to its cost. It has definitely proven its value in the data that we have brought in. From a resiliency and reporting perspective, those things are all very valuable. But it's certainly not the most cost-effective product in the world. It is a valuable product, but it is certainly challenging at times to be able to bring in as much data as I would want due to the cost of the product.
It's expensive. We're still trying to figure out Cloud licensing.
The cost of using Splunk Cloud Platform is high, but the value it provides is worth the investment.
Splunk is costly but it’s worth it due to the high-end features.
I don’t have any idea what the cost of the solution is. I don’t handle the licensing.
The license costs around 100,000-150,000 rupees. Splunk Cloud is the basic version. It costs extra if you need Splunk interface or Splunk ICSA. Those are premium additions. There are additional costs if you want to use the other premium aspects of Splunk.
It's yearly a yearly license on a three-year contract. On a three-year contract, you get a discount basically - rather than putting it on a rolling yearly contract. On pricing, if I base it on the functionality of the system out of the box, I would rate it five out of five. They have several prepackaged modules you can purchase. For example, for the security type, they have Security Enterprise, with the default products getting security essentials. With Infrastructure, the same. We've got an ITOps enterprise, which again, is payable on top of the standard license. It's pretty much how much you can actually build in-house. The difference between AT&T, LogRhythm, and Splunk, while AT&T and LogRhythm are pretty out of the box (it's click and configure), Splunk is highly configurable. You can make it do whatever you want to, as long as you know how to edit the configuration files. What ITOps and Security Enterprise do, instead of you having to build all that from the ground up, so the dashboards, the logic behind it, the configuration files, and so on, become prepackaged and pre-installed.
Licensing costs are paid annually and are quite expensive.
I am not in a position to comment on the pricing.
The pricing model makes this an expensive solution.
The price is something that people complain about.
The licensing costs depend on the data ingest volume. If you weigh the costs and the benefits, the benefits are great and it is money well spent.
Compared to other products, Splunk Cloud is expensive. The licensing is based on the amount of data that we send to the cloud on a daily basis. It is expensive, although it has more features than other SIEM tools.