Magic Quadrant is a market research method published by IT consulting firm Gartner. They rely on proprietary qualitative data analysis processes to demonstrate market trends, such as direction, maturity, and participants.
The quadrant places a software vendor on the matrix with the completeness of vision in one axis and the ability to execute on the other. It then divides the big square into 4 quadrants that vendors can be classified as:
Leaders are vendors who score high on both criteria. Leaders are usually vendors who are established organisations with a strong customer base.
Like leaders, challengers lack vision but have the opportunity to transform into leaders.
Visionaries are usually smaller businesses that lack the ability to execute visions.
- Niche players:
Niche players are typically start-ups or newer companies lacking both vision and execution.
By analysing the results of the Magic Quadrant, the right platform can be selected to enhance customer experiences.Return to Atlantic Glossary