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This statistic highlights Datadog’s Number of Customers Worldwide from Q2 2019 to Q1 2021.
Datadog Inc. is a cloud infrastructure monitoring service that includes a dashboard, alerting, and metric visualizations and analytics platform for developers, IT operations teams, and business users. The SaaS platform integrates and automates infrastructure monitoring, application performance monitoring, log management, and security monitoring to provide customers with unified, real-time exposure across their entire technology stack. The platform is used by businesses of all sizes and across many industries and local and state governments in various countries.
|Number of Customers – Total||Growth Rate|
Datadog Inc. generates its revenue by selling subscriptions to customers who use their cloud-based platform. The subscription agreements are either monthly or annual, with annual subscriptions accounting for the majority of revenue.
The graph shows that the number of customers has increased steadily since Q2 2019. Its customer count increased from 8,800 in Q2 2019, to 15,200 in Q1 2021, marking a 76% growth.
Datadog customers increased by 32% year-over-year from 11500 in Q1 2020 to 15200 in Q1 2021. The major sources of revenue growth were the addition of new paying customers and the selling of subscriptions.
In Q2 2020, the customer growth rate decreased to 5% due to an outbreak of the Covid-19 pandemic from 11500 in Q1 2020 to 12100. If any, the impact of the Covid-19 pandemic may not be fully reflected in the company’s results due to the subscription model. The market was beginning to rise again after Q2 2020. In Q3 2020, the number of Datadog customers rose by 1000 to 13100. By the end of 2020, the total number of customers rose to 14170.
Datadog announced a substantial expansion plan in May 2021, beginning with opening a new office in Denver, Colorado, United States. This will help the organization in boosting its consumer base and income.
Olivier Pomel and Alexis Le-Quoc founded Datadog Inc. on June 4, 2010. The company is headquartered in New York, United States. The company had 2,185 employees working in 28 countries as of December 31, 2020. Datadog is used in the tech stacks of 982 different companies, including Airbnb, Facebook, and Shopify. The Company offers its services to the computing, finance, real estate, hospitals and healthcare, hardware, and retail industries.
Dataddog Inc. faces tough competition from Dynatrace, LogicMonitor, PagerDuty, Loggly, New Relic One, Centreon, and Sumo Logic. It has acquired several companies such as Sqreen, Undefined labs, Timber, logmatic.io, and Mortar Data. These acquisitions have helped the company to strengthen its portfolio and fight competition in the market. The company was named in the Forbes Cloud 100 and is one of the fastest-growing companies in North America according to Deloitte’s 2016 Fast 500 list.
This statistic highlights Datadog’s Number of Customers Worldwide statistic?
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