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Panther vs Splunk Cloud Platform comparison

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Comparison Buyer's Guide

Executive Summary

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

Panther
Average Rating
8.0
Reviews Sentiment
7.1
Number of Reviews
4
Ranking in other categories
Security Information and Event Management (SIEM) (36th), AI Data Analysis (28th)
Splunk Cloud Platform
Average Rating
8.4
Reviews Sentiment
5.6
Number of Reviews
116
Ranking in other categories
Data Visualization (4th), IT Alerting and Incident Management (3rd)
 

Mindshare comparison

Panther and Splunk Cloud Platform aren’t in the same category and serve different purposes. Panther is designed for Security Information and Event Management (SIEM) and holds a mindshare of 1.0%, up 0.5% compared to last year.
Splunk Cloud Platform, on the other hand, focuses on Data Visualization, holds 1.1% mindshare, up 1.0% since last year.
Security Information and Event Management (SIEM) Mindshare Distribution
ProductMindshare (%)
Panther1.0%
Splunk Enterprise Security8.2%
IBM Security QRadar5.6%
Other85.2%
Security Information and Event Management (SIEM)
Data Visualization Mindshare Distribution
ProductMindshare (%)
Splunk Cloud Platform1.1%
Tableau Enterprise9.6%
Qlik Sense4.8%
Other84.5%
Data Visualization
 

Featured Reviews

Narendran Nair - PeerSpot reviewer
Product Security Engineer at Infoblox
AI triage has streamlined real-time alert monitoring and has improved on-call incident response
The best features Panther offers are AI Triage, the ability to comment on our activities, and seamless integration with other communication sources such as PagerDuty, Microsoft Teams, and potentially Slack, showcasing the flexibility we have in using this tool. The most valuable feature for my team is definitely AI Triage, which helps save a lot of time by eliminating the need for manual research regarding patterns that may be repeated, making our work easier and more efficient. Panther has positively impacted my organization as it serves as one of the main sources for triaging real-time incidents. Panther definitely plays a key role in the work that we do. Specific outcomes that show how Panther has helped our organization include saving a lot of time, especially since the AI Triage feature reduces the necessity to reach out to others for clarity, which it occasionally accomplishes on its own. To be honest, it does lack some aspects. For example, if it could access our organizational knowledge, including the Jira database, it might better analyze incidents and determine whether they are false positives or not by using more contextual data.
reviewer2805510 - PeerSpot reviewer
Partner Account Manager at a wholesaler/distributor with 51-200 employees
Unified log analytics has transformed security monitoring and cuts breach detection to minutes
Splunk Cloud Platform has areas for improvement, including the fact that it is obviously an enterprise tool and can be expensive, which is the biggest complaint I have noted. Costs can rise due to high data ingestion and long retention periods, along with a complex licensing structure that makes pricing difficult to predict as usage grows, especially since more systems send logs. There are also performance concerns at scale where users have reported slower searches and expensive long-term storage needs, particularly in multi-terabyte environments. Additionally, operational complexity exists as enterprises still need to do data onboarding, create dashboards, handle retention policies, access control, and performance tuning. These are the three key areas of improvement I have identified.

Quotes from Members

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

Pros

"I find Panther's detection capabilities and integrations to be highly valuable."
"We have seen a return on investment measured primarily through SOC efficiency and productivity improvements, with teams observing a twenty to thirty-five percent improvement in investigation efficiency depending on the environment and product maturity."
"Panther positively impacts my organization as it is the first point of response for any incident, giving a reviewer full clarity about what is happening, how it is happening, and where it is happening."
"The AI Triage feature saves a considerable amount of time, and if it were to incorporate organizational knowledge, it could provide finer-tuned results."
"There is definitely the ease of the infrastructure administration. It frees up a lot of time."
"The most valuable feature of Splunk Cloud Platform is the ability to correlate events together and combine the data into one event."
"In terms of the benefits of the product, I would say it is my go-to tool."
"The Cloud Platform interface is cleaner than Splunk Enterprise's monitoring console. You can easily understand what's happening with your indexes. It's more refined than Splunk Enterprise's console, but they have the same feel and function."
"I like the idea of being able to list the IPs that we want without having to open up a ticket to get it done so that way if anything changes we can add a new IP."
"We became pretty complete with our reporting using Splunk for all the log and event capabilities."
"Splunk Cloud has helped us to be able to focus on getting more information out of our data."
"Splunk Cloud Platform is the easiest solution we found; every time we worked with Splunk and other IBM solutions, it proved to be reliable."
 

Cons

"The user experience could be improved because whenever I want to investigate the data, too much data is shown in the UI."
"Regarding Panther's accuracy and reliability of output, I would rate it at 70 percent since, at times, it identifies findings as valid when they may actually be false positives, which we have experienced in a few cases."
"The solution could be improved by providing more built-in integrations, which would reduce the need for me to build them myself."
"Its stability and performance can be better. Very rarely does a day go by when we do not see an error in the console, such as a health check error. Because it is cloud-hosted, we do not have access to the backend to figure it out ourselves. We are reliant on their support to figure it out, and a couple of days later, the error comes back or it is a different error. It is a never-ending cycle of support tickets. Their support is also not great."
"Other tools have been working on their real-time alerting much better than Splunk Cloud Platform."
"Splunk Cloud Platform can be improved by providing dedicated documentation, especially regarding the edge processors and MCP, along with continuous updates."
"The Splunk Cloud Platform dashboard could benefit from some improvements."
"I want to have the ability to process the ingestion before it is sent to the back end and Splunk just announced that the feature is coming, so now it just needs to be released."
"Pricing is too high for Splunk Cloud Platform."
"The return on investment with Splunk Cloud Platform has been poor. There is a significant possibility we will be replacing it in the next quarter or two."
"I actually preferred the navigation in Splunk Enterprise versus Splunk Cloud, which I found to be not as user-friendly."
 

Pricing and Cost Advice

Information not available
"I am familiar with the pricing and licensing model a little bit. I am not sure about the particulars of the actual price that we have, but I do like the idea of going towards a more CPU-based approach rather than the ingest approach because it allows us the ability to ingest more data if we need it."
"The cost of using Splunk Cloud Platform is high, but the value it provides is worth the investment."
"The Splunk Cloud Platform is expensive."
"We were on ingest. We were on-prem, and when we switched to the cloud, we went to an SVC model, and that has been a huge help. We are now able to ingest more data than before."
"It was a good model."
"I would rate the cost an eight out of ten, with ten being the most costly."
"The cost of the Splunk Cloud Platform is high, and in addition to the standard licensing fee, we also have a premium support fee."
"Splunk Cloud Platform's pricing is a little on the higher end."
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Top Industries

By visitors reading reviews
Manufacturing Company
15%
Construction Company
13%
Financial Services Firm
8%
Comms Service Provider
8%
Financial Services Firm
14%
Manufacturing Company
11%
Outsourcing Company
9%
Construction Company
8%
 

Company Size

By reviewers
Large Enterprise
Midsize Enterprise
Small Business
No data available
By reviewers
Company SizeCount
Small Business39
Midsize Enterprise17
Large Enterprise85
 

Questions from the Community

What is your experience regarding pricing and costs for Panther?
I am not aware of the pricing, setup cost, and licensing details, as I handle the usage of Panther and not the setup process.
What needs improvement with Panther?
The user experience could be improved because whenever I want to investigate the data, too much data is shown in the UI. I understand Panther wants to show everything, but the UX can be improved by...
What is your primary use case for Panther?
My main use case for Panther is as a SIEM solution. I use Panther as a SIEM solution in my day-to-day work by integrating it with GuardDuty and CloudTrail and a couple of other product-related log ...
What is your experience regarding pricing and costs for Splunk Cloud Platform?
I think the pricing of Splunk Cloud offers a good quality-price ratio.
What needs improvement with Splunk Cloud Platform?
I see room for improvement in the area of reporting, especially the reporting dashboard for Splunk Cloud. I am not expecting any additional features in the future because I have not explored the cu...
What is your primary use case for Splunk Cloud Platform?
I have not utilized Splunk Cloud's machine learning capabilities as we just started. I have not used Splunk Cloud's integration with third-party applications. I track some false-positive indicators...
 

Overview

 

Sample Customers

Docker, Loom, Discord, Dropbox, HubSpot, Asana, GoFundMe, Zapier, Benchling, JupiterOne, Jumio, Bitstamp, Intercom, Randori, and Cedar
Mindtouch
Find out what your peers are saying about Splunk, IBM, Microsoft and others in Security Information and Event Management (SIEM). Updated: October 2026.
921,028 professionals have used our research since 2012.