IT Central Station is now PeerSpot: Here's why

What is your experience regarding pricing and costs for Splunk?

Julia Frohwein - PeerSpot reviewer
Senior Director of Delivery at PeerSpot (formerly IT Central Station)

Hi Everyone,

What is your experience regarding pricing and costs for Splunk?

Thanks for sharing your thoughts with the community!

PeerSpot user
5555 Answers

Jairo Willian Pereira - PeerSpot reviewer
Top 5LeaderboardReal User

Cost versus volume in the medium/long term are heavy. It is a great tool but you have to be careful in storing a lot of data (without any criteria). Use it as an "smart-data/small-data repository", not as a "raw centralizer, stage-area or pure-SIEM". Before choose any tool and define your BSOC (Business/Sec Operation Center), read about datamart/datawarehouse concepts and models (design and archicture too) defended by Inmon & Kimball. You'll saving a lot of $ in future.

Kumar Mahadevan - PeerSpot reviewer
Top 5LeaderboardReal User

Too expensive. There are much more cost-effective and good solutions out there like ELK stack SIEM, etc

Salma Shahin - PeerSpot reviewer
Top 20Consultant

We have an unlimited one, and we pay yearly, but I don't know how much it costs. Previously, I worked for a startup, and when they started building it up, it was complicated for them because they didn't have the budget for that many licenses. It was very costly for them. So, startups might find it a little bit problematic because of the licensing, but for bigger companies, there is no issue.

reviewer1795125 - PeerSpot reviewer
Top 10Real User

I'm only using the free version for the time being. The cost is reasonable. Splunk's costing is a little more difficult. The pricing method is complicated, and the way that costing is calculated in Splunk is a little more difficult. When compared to QRadar, QRadar, it's simple to pay.

AKHIL Kumar Guttapalli - PeerSpot reviewer
Real User

The price of this solution is expensive. However, it has great features. If you want a great solution you need to pay a price matching the features.

Avraham Sonenthal - PeerSpot reviewer
Top 5LeaderboardReal User

Splunk charges on the basis of gigabytes of incoming log messages per day. Also I would recommend that funds be set aside for Splunk training and certification.

Marcelo Canedo - PeerSpot reviewer
Top 20MSP

The prices are complicated as we operate in a small third-world country.

Ahmed ElSanhoury - PeerSpot reviewer
Top 10Real User

Splunk solutions are much more expensive than others. Especially when it comes to megaprojects or deals, there's a lot of competition when it comes to financials.

Chris Danshaw - PeerSpot reviewer
Top 20Real User

It is expensive. I used to buy it early on, but then they combined it into a higher-up organization. They buy it for multiple systems now. Last time, I paid around 60K for it. There is just the licensing fee. That's all.

ManojSingh - PeerSpot reviewer

This solution is costly. Splunk is obviously a great product, but you should only choose this product if you need all the features provided. Otherwise, if you don't need all the features to meet your requirements, there are probably other products that will be more cost-effective. It's cost versus the functionality requirement.

reviewer1720563 - PeerSpot reviewer
Top 5Real User

Splunk has a subscription and a perpetual license. This product could use better pricing.

reviewer1052343 - PeerSpot reviewer
Top 10Real User

The pricing modules could be improved. The licensing fees are paid on a yearly basis. There is a standard license with provisions for more. As we are still exploring the functionality, there may be other departments that want to use it.

DonaldBaldwin - PeerSpot reviewer
Top 10Real User

Everything we do is either yearly or multi-year. I don't know if there is any additional cost to standard license fees.

reviewer1688463 - PeerSpot reviewer
Real User

The price of Splunk is reasonable.

Ali Tamimi - PeerSpot reviewer
Top 20LeaderboardReal User

Filter the noise out.

reviewer1630161 - PeerSpot reviewer
Top 5Real User

I think Splunk is expensive compared to other tools at the purchase stage. It's possible that if we can keep control of the costs involved down the track, it won't be so bad.

Md. Iqbal Karim - PeerSpot reviewer
Top 20Reseller

The problem with the product is that the price of Splunk is very high. It is an industry leader and therefore it's high in terms of price. That is the issue in our country. Sometimes people want to buy Splunk, however, due to the budget, they are not able to.

reviewer1126641 - PeerSpot reviewer

The pricing model is based on the number of gigabytes that you ingest into the Splunk system. So it can be an expensive solution.

Arpan Balpande - PeerSpot reviewer
Top 20Real User

Its pricing model can be improved.

reviewer1524594 - PeerSpot reviewer
Top 5LeaderboardReal User

Price-wise, if you compare QRadar to Splunk for SIEM functionality then they are in the same range but when you integrate SOAR with these solutions, Splunk takes the lead and is more competitive.

reviewer1276671 - PeerSpot reviewer
Top 20Real User

It is economical than other solutions.

reviewer1505082 - PeerSpot reviewer
Top 10Real User

When you compare the services and features, the pricing is reasonable. That said, if you compare Splunk to other options on the market, it is more expensive.

reviewer1404306 - PeerSpot reviewer
Top 5Real User

The solution is a little expensive.

Steffen Klein - PeerSpot reviewer
Top 5LeaderboardConsultant

The pricing model is expensive and could lead into a budget nightmare based on the amount of data. A better pricing plan would be an improvement.

reviewer1470723 - PeerSpot reviewer
Top 20Real User

While I do understand that it is a premium tool, they could work to make it a bit less in terms of cost. It's a bit expensive.

reviewer1453023 - PeerSpot reviewer
Top 5MSP

We have a 100 gig annual license. I'm not sure of the cost. Their licensing is based on the amount of data you collect. There is an additional cost for Enterprise Security. If there are any other kind of applications, the APIs that we created that we want to add, there are costs for most of those as well. Their pricing structure really could use a revamp. They really need to review and look at that and see if there's a better way that they can do it. Elasticsearch is a little cheaper and a better product in my view.

reviewer1062186 - PeerSpot reviewer
Top 5LeaderboardReal User

The price is comparable.

reviewer1454661 - PeerSpot reviewer
Top 20Real User

Its cost model is dependent upon the amount of data used — how many GBs we extract in a day determines our price. The price is not dependent upon how many instances we installed in Splunk. I can install thousands of instances, but it will only charge me according to how many GBs I extract per day. Overall, our customers complain that the price is too high.

reviewer1463439 - PeerSpot reviewer
Top 20Real User

Licencing occurs yearly. We now have a three-yearly support contract as of now. Licensing is a yearly, one-time cost.

reviewer1200885 - PeerSpot reviewer
Top 20Real User

We find the solution to be quite expensive. Therefore, we're looking for other options. I don't know of the exact costs, as licensing is handled by another department.

Praful Bhatnagar - PeerSpot reviewer
Top 5Real User

I think that most of the log analytics solutions are expensive and I'm not sure if it's worth it. However, I wish that they were less expensive. I am not talking about a single product but rather, all of the ones that are in the domain of log analytics.

Balamurali Vellalath - PeerSpot reviewer
Top 20MSP

In terms of a comparison with the rest of the competition, the licensing cost would be, I would say, 30% higher than most.

Praful Bhatnagar - PeerSpot reviewer
Top 5Real User

The licensing cost model is complicated. I think that most of the monitoring solutions are expensive. I wish they were less expensive, for all types of products for monitoring.

Engineer9887 - PeerSpot reviewer
Real User

Splunk is on expensive side. There are some premium add-ons like Splunk Enterprise Security or ITSI which makes it more expensive.

Rudi Wicaksono - PeerSpot reviewer
Real User

The pricing and licensing of the product are quite high.

Presal0998 - PeerSpot reviewer

Pricing is one factor that hurts everybody on the market; the client, the reseller, everybody that touches it. Only Splunk makes money. It is hard to have it for the long term if it's a stretch for your budget. Pricing becomes a problem and people are just focused on numbers rather than creating a vision for the entire product. That is the biggest factor I found with Splunk, that they just want to make money and they don't care about anything else. They lost national, country-level projects because of this attitude.

Marc Chan - PeerSpot reviewer
Real User

It's a little bit expensive for a small to medium enterprise.

SenNetwork4433 - PeerSpot reviewer
Real User

The price could be improved.

Kenn Brodhagen - PeerSpot reviewer
Real User

The pricing seems good relative to the other vendors that we have had here. However, they need to find ways to be more flexible with the licensing and be able to deal with situations where we start generating more logs. Maybe having some controls in the Splunk interface to turn it off, so we don't have to change anything in our application. We have an existing contract with Splunk, so it makes sense to stay with them for now. Our license is for a 100 GB/logs a day.

Roman Burdakov - PeerSpot reviewer
Real User

I assume that the pricing is reasonable, because if it was too costly, there are other alternatives. However, with some of the other solutions, you have to spend time on them and manage them yourself. It might also take you three times to get it right. So, Splunk may be more costly upfront, but in the long run, it saves on time and man-hours.

Jerry Castille - PeerSpot reviewer
Real User

It would be nice if the pricing were cheaper. However, we did purchase it.

Security1747 - PeerSpot reviewer
Real User

Splunk is not free.

reviewer718113 - PeerSpot reviewer
Real User

I am not personally involved with the pricing of the solution.

Reviewer0932 - PeerSpot reviewer
Real User

I have no opinion on the pricing of the product.

Yosef Tavin - PeerSpot reviewer
Top 20Vendor

It is possible to use a developer's license, which is up to 10GB per day of volume traffic, which is usually enough for most use cases.

it_user867087 - PeerSpot reviewer
Real User

It can be expensive, especially the licensing costs. However, there is added value in what it can do, not just log aggregation.

it_user865026 - PeerSpot reviewer
Real User

Splunk is a bit pricier, but the benefits and ROI are huge.

reviewer860955 - PeerSpot reviewer
Real User

It is a pretty high cost solution, but if your organization has the funds, it can bring many benefits.

Christopher Mooney - PeerSpot reviewer
Real User

Truly evaluate the data you want to ingest and go slow. Pulling in data that can provide no use to your mission only wastes data against your license.

Gregg Woodcock - PeerSpot reviewer
Top 10Real User

Get free PS if you can (ask) or USE THE DOCS. The documentation will get you to success. If you are not getting more value out of Splunk than the license you are paying, then you are doing something wrong and should spend a tiny bit more to get a consultant like to help you.

Colin Jackson, CISSP, MMIS, GMON - PeerSpot reviewer
Real User

Be upfront about your needs and expectations. Splunk is one of the top SIEM solutions to work with.

Mick - PeerSpot reviewer

The licensing model can be expensive, but the value it provides is significant.

it_user859446 - PeerSpot reviewer
Real User

Pricing can be a limiting factor. You have to continuously tune what you are bringing in and make sure what you bring in is of value.

MS Alam - PeerSpot reviewer
Real User

Make it cheaper to help small organisations implement it easier.

it_user340983 - PeerSpot reviewer
Real User

Setup cost is cheap: It is free, it is user-friendly, and it is fast. I would highly recommend anyone evaluating this option to download the free trial which allows for the ingestion of 500MB of data per day in order to get a feel for what Splunk does at its core. It will get pricey once your ingestion rates start to sky rocket, but I would consider it expensive given the amount of information that it allows you to analyze and react on straight out-of-the-box.

Buyer's Guide
July 2022
Learn what your peers think about Splunk. Get advice and tips from experienced pros sharing their opinions. Updated: July 2022.
620,987 professionals have used our research since 2012.