The Gartner Magic Quadrant is probably the most important publication of the year in digital commerce. Learn how leading analysts evaluate the most relevant vendors in a market that is evolving rapidly, and see yourself why Spryker is recognized as a Visionary, advancing more than any other vendor.
What is the Gartner Magic Quadrant all about?
Founded in 1979, Gartner is one of the leading analyst firms worldwide. Their mission is to equip executives across the enterprise to make the right decisions and stay ahead of change. For that, their flagship publication is the annual technology research called Magic Quadrant in which the most relevant vendors of the industry are assessed.
The Magic Quadrant can be seen as a snapshot of the current market situation for digital commerce vendors, and is a renowned source for digital software buyers. It provides guidance through an elaborate assessment based on the criteria “completeness of vision” and “ability to execute”. And now, it is this time of the year again, when the commerce world looks to Stamford, Connecticut, because Gartner has just released its 2021 Magic Quadrant.
How did Gartner evaluate Spryker in the 2021 Magic Quadrant?
Last year, Spryker was the youngest firm ever to be recognized in the Magic Quadrant. This year, Spryker advanced more than any other vendor and is now recognized as a Visionary in digital commerce. A leap of this size as Spryker has now made is anything but ordinary. This is true for the distance within the chart that Spryker has moved, but also for the point in the company’s history where this is happening. Spryker was founded in 2014 and is now competing with vendors whose history goes back to the 70s and 80s in some cases.
Also, Spryker scored highest for overall growth of any vendor in this Magic Quadrant “with both customer and revenue growth nearing 100%”. In times when leaders don’t move much and the market is reshaping itself, this growth demonstrates momentum, and that Spryker’s approach and offerings meet the market’s need. Gartner recognizes Spryker for its composability and native enterprise marketplace operations capability in the 2021 Magic Quadrant for Digital Commerce, calling it “a differentiator among Magic Quadrant vendors” and a “leading product in terms of being architected for business agility”.
Download the 2021 Magic Quadrant for free, and learn why Gartner suggests that “digital commerce leaders who need a modular commerce framework for both B2B and B2C commerce models should consider Spryker.”
