New Relic vs Pico Corvil Analytics comparison

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New Relic and PICO are both solutions in the Network Monitoring Software category. New Relic is ranked #10 with an average rating of 8.3, while PICO is ranked #68. New Relic holds a 1.4% mindshare in NMS, compared to PICO’s 0.6% mindshare. Additionally, 94% of New Relic users are willing to recommend the solution, compared to 100% of PICO users who would recommend it.

New Relic

Read 176 New Relic reviews

29,719 Views
8,916 Comparison Views

94% willing to recommend

Pico Corvil Analytics

Read 9 Pico Corvil Analytics reviews

4,052 Views
3,809 Comparison Views

100% willing to recommend

New Relic

Pico Corvil Analytics

Comparison Buyer's Guide

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Executive SummaryUpdated on Oct 10, 2024

Pico Corvil Analytics and New Relic compete in the realm of data analytics solutions. New Relic appears to have the advantage due to its comprehensive application monitoring and observability features, despite Pico Corvil Analytics' customer satisfaction with pricing and support.

Features: Pico Corvil Analytics provides network latency measurement tools, real-time analytics, and granular insights for optimizing network performance. New Relic, on the other hand, offers application performance monitoring, infrastructure monitoring, and features for observability, suited for identifying and addressing application issues swiftly.

Room for Improvement: Pico Corvil Analytics can enhance user-friendliness, broaden its analytics suite, and streamline data integration processes. New Relic could improve its cost-effectiveness, expand its network performance metrics, and refine its reporting capabilities.

Ease of Deployment and Customer Service: New Relic is noted for its easy deployment and responsive customer service, making it attractive for swift implementation. Pico Corvil Analytics, while having a more complex deployment due to its network-focused metrics, offers robust support that eases some challenges encountered.

Pricing and ROI: Pico Corvil Analytics competitively prices its setup, delivering ROI through network analytics crucial for businesses reliant on network performance. New Relic, though more costly, justifies the expense with its extensive feature set, delivering high ROI by enhancing application reliability and performance.

To learn more, read our detailed New Relic vs. Pico Corvil Analytics Report (Updated: November 2026).

Buyer's Guide

New Relic vs. Pico Corvil Analytics

November 2026

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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

New Relic

Ranking in Network Monitoring Software

10th

Average Rating

8.4

Reviews Sentiment

6.9

Number of Reviews

176

Ranking in other categories

Application Performance Monitoring (APM) and Observability (4th), IT Infrastructure Monitoring (10th), IT Operations Analytics (3rd), Mobile APM (2nd), Cloud Monitoring Software (3rd), AIOps (6th)

Pico Corvil Analytics

Ranking in Network Monitoring Software

68th

Average Rating

9.0

Reviews Sentiment

7.1

Number of Reviews

Ranking in other categories

No ranking in other categories

Mindshare comparison

As of November 2026, in the Network Monitoring Software category, the mindshare of New Relic is 1.4%, down from 1.8% compared to the previous year. The mindshare of Pico Corvil Analytics is 0.6%, up from 0.5% compared to the previous year. It is calculated based on PeerSpot user engagement data.

Network Monitoring Software Mindshare Distribution
Product	Mindshare (%)
New Relic	1.4%
Pico Corvil Analytics	0.6%
Other	98.0%

Network Monitoring Software

Featured Reviews

BasilJiji

System engineer at a retailer with 10,001+ employees

Real-time alerts have reduced server outage impact and support fast incident response

In the dashboard, if they could show a little more metrics regarding the application and related things, that would be how New Relic could be improved. Currently, there are things showing from the server level and application level, but it can be improved. That is what I felt. Regarding user interface, I do not feel much concern, but for some kind of issues when we are trying to get support from the New Relic team, their SLA seems to be long. They are taking seven to ten working days for resolving some kind of scenario or issue. That is a bit difficult for us. If they could improve the customer support by reducing their SLA within three to five days, if they could remediate everything, that will be so much helpful. When it comes to the customer support part, I felt they need to be a little more improved on that part. The support overall is good, but they can improve. That is the reason I have given it eight out of ten.

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Ted Hruzd

Founder at AI Fit LLC

Helpful support agents, beneficial issue detection, and high availability

The creation of charts and real-time windows was somewhat cumbersome. The vendor's website had an application called App Agent that required improvement. This API was designed to track message rates between microservers ingested into a microservice memory map. It allowed users to monitor the number of transactions that occurred at specific points within the application, and it was quite impressive. However, it had some limitations, and it mainly served as a tool for basic tracking. The protocols it employed could reveal the type of server-to-server communication and the specific order types, but it was not able to provide a more in-depth analysis of the application. The vendor has the potential to integrate application metrics more extensively into their product suite. The product suite could benefit from more out-of-the-box predictive analytics capabilities, such as projecting market or symbol movements. However, it is unclear whether the vendor currently provides this functionality. Users may need to adjust their software to perform such analysis independently.

Read full review

Quotes from Members

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

Pros

"Using New Relic speeds up troubleshooting and resolution, giving us a clearer picture of where issues are, thus saving time and effort."

"The simplicity of the dashboard is very good."

"It is a one stop shop and integrated with PagerDuty seamlessly. The solution is pretty self-contained."

"As soon as it monitors all our systems and is integrated with PagerDuty, the operations team just needs to wait for alerts on their cellphones to fix things."

"New Relic has helped us in terms of optimizing our print and loading times, and it has solved many of our performance issues."

"I can have my developers find bugs and fix them in one-tenth of time they used to take."

"Give it a try, install it, and use it. I don't have to manage the server and worry about the database, storage, and VMs being up and running, etc. It is always there."

"The APM feature is highly valuable as it can record session hosts, usage, and diagnose customer behaviors."

More New Relic pros

"It has all the decoders so it's capturing every network packet and it's decoding in real-time and it's giving us latency information in real-time... It's the real-time decoding and getting the latency information statistics that we find the most useful."

"The analytics features of Corvil are really good... As long as you know what the field is in the message, you can build your metrics based on that field... It means you can do the analytics that you actually care for. You can customize it..."

"It allows us to trace the flow. The logic is built sufficiently for us to be able to break down clients' orders, underlying child orders, and execution. Thus, it's a good way for us to trace client flow through a myriad of different internal systems."

"The performance metrics are pretty good. We've got everything from the network layer to the actual application layer. We can see what's going on with things like sending time and batching."

"Corvil is a great tool; it is the only one of the vendors that has 100% visibility into the market data stream."

"In terms of what it does, I'd give Corvil a ten out of ten; I've never seen a tool like it."

"My advice is "Go for it." It's an amazing product."

"It is a market leader in latency detection and monitoring with extremely precise time stamping even over a wide area."

More Pico Corvil Analytics pros

Cons

"The older view is much better than the new view that they have. We'd like to go back to that previous version. The user interface just isn't as nice as it used to be."

"The initial setup can be made easier. Like Mixpanel, New Relic can also have a step-by-step guide for the setup process."

"Customer Service: Used rarely, was average. Technical Support: Used rarely, was average."

"The logs in New Relic are not showing the full logs. When I go and check the logs, they are not complete."

"Error handling and reporting is a little lackluster, but they're announcing a whole new analytics approach."

"With APM, it’s a little difficult to fit into certain infrastructure components that are very service-based which take data from one area to another."

"New Relic APM could improve error debugging and the correlation with the logs. We are receiving some alerts or alarms but we need to correlate with the error log, but it is difficult if it is more than seven months retention period, it is hard to trace. We need this especially for getting historical information."

"The main reason we switched away from New Relic is that the cost is too high."

More New Relic cons

"I have seen errors where the CNE and the CMC haven't synced because of something missing in the CMC, which was there in the CNE. We would get some type of error, but it doesn't actually say what exactly was missing in the CNE."

"In terms of performance analysis, if you really want to dig down into the minutiae and get statistics on the important things... that would be the only piece lacking because, in our environment, we have thousands and thousands of symbols. With the architecture that Corvil is built on, it's cumbersome."

"It is perceived as an expensive option, even in the financial services sector."

"Overall, the Corvil device needs a little bit of training for people to handle it. If that could be reduced and made more user-friendly, more intuitive, it would be better."

"Corvil is pretty stable. We just have too much data going into the boxes. Because of that, it requires more maintenance than average."

"It's quite difficult to see, sometimes, how hard your Corvil is working. When we had a very busy feed that chucked out a lot of data it wasn't working very well on Corvil. We had to raise a case for it. It turned out to be that, in fact, we were overloading Corvil."

"For FIX protocol, maybe we could have built-in configurations for signatures and decoders. Also, for certain protocols, which are newer, we would like to just add the signatures within the decoders itself."

"While the product is scalable, it's not easy to scale. It needs investment hardware and network bandwidth consideration. It's not something you can just do overnight."

More Pico Corvil Analytics cons

Pricing and Cost Advice

"We feel it's a little bit pricey."

"The pricing model is a little confusing for beginners. They find it a little expensive, and if you are using it already, then that is not good."

"Cost is significant with a lot of extras."

"I think it's overpriced for the technical support that we get. We spent over 1,00,000 USD a year."

"This is an expensive product."

"The pricing is fine."

"The solution is cheap, but prices can go up when users grow."

"The price depends on how many agents you want."

More New Relic pricing and cost advice

"It is pricey versus its competitors."

"We bought a box from Corvil and it was $200,000 for one big CNE. Then there are obviously the recurring maintenance fees. The licensing is perpetual but the maintenance fees are not."

"Pico Corvil Analytics is expensive. There are several competitors in the market. Selling this solution to a trading firm might be challenging as there are several other solutions available that can perform basic similar operations, such as using Wireshark and Python scripts to obtain the required values. However, that does not nearly approach the comprehensive end-2-end automated depth of metrics and their correlations that Pico Corvil Analytics provides."

"The pricing is very expensive. Corvil could work on the pricing."

"I like the way they've decoupled the hardware now... Everything's based on the licensing side now. The way they do the packs is fair. It's very flexible in that we're not charged per decoder, we're charged for a certain pack. Whether we use one decoder or 20 decoders, as long as they're in the same pack, there's no extra charge. Expensive but fair is how I'd summarize it."

"As I am working more with Corvil, it looks like it is improving diagnostic times."

"Corvil has reduced the time it takes us to isolate root causes."

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Top Industries

By visitors reading reviews

Financial Services Firm

13%

Outsourcing Company

12%

Manufacturing Company

10%

Construction Company

Financial Services Firm

27%

Outsourcing Company

12%

Manufacturing Company

Comms Service Provider

Company Size

By reviewers

Large Enterprise

Midsize Enterprise

Small Business

By reviewers
Company Size	Count
Small Business	65
Midsize Enterprise	52
Large Enterprise	80

By reviewers
Company Size	Count
Small Business	2
Midsize Enterprise	1
Large Enterprise	6

Questions from the Community

Any advice about APM solutions?

There are many factors and we know little about your requirements (size of org, technology stack, management systems, the scope of implementation). Our goal was to consolidate APM and infra monitor...

See all answers

What needs improvement with New Relic Insights?

I find New Relic to be somewhat expensive. Our team shares logins, contrasting with other applications where individual team accounts are standard. Pricing is a primary concern since New Relic can ...

See all answers

What is your primary use case for New Relic Insights?

As an Application Monitoring Engineer, my primary responsibilities include ensuring the uptime of services, managing infrastructure, and monitoring transactions. I use New Relic to set up incidents...

See all answers

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Product Reports

Buyer's Guide

New Relic

October 2026

Download New Relic product report

Buyer's Guide

Pico Corvil Analytics

October 2026

Download Pico Corvil Analytics product report

Also Known As

New Relic Browser, New Relic Applied Intelligence, New Relic Insights, New Relic Synthetics, New Relic Servers, New Relic APM

Corvil

Overview

New Relic offers real-time application monitoring and insight into performance bottlenecks. Its customizable dashboards and APM integration provide efficient operational support, while server performance alerts ensure quick issue detection.

New Relic provides comprehensive monitoring of application performance, tracking bottlenecks across databases and front-end components. Users employ it for server and infrastructure monitoring, as well as analyzing key metrics such as CPU and memory usage. The solution's ability to integrate with tools like PagerDuty enhances incident management capabilities. However, users have expressed a need for improvements in query language simplicity, more detailed historical insights, and better mobile app monitoring support.

What are New Relic's most important features?

Real-Time Monitoring: Provides instant visibility into application performance.
Detailed Transaction Tracing: Identifies specific transaction issues quickly.
Error Rate Tracking: Monitors and reports on error occurrences efficiently.
Customizable Dashboards: Tailors dashboard views for specific needs.
APM Integration: Seamlessly integrates with application performance management tools.

What benefits and ROI should be considered?

Operational Efficiency: Quick issue detection reduces downtime.
Improved Debugging: Enhanced error analysis supports rapid problem resolution.
Comprehensive Monitoring: Offers a holistic view of application performance and user behavior.
Incident Management: Integration with incident tools helps streamline responses.
Efficient Alerts: Rapid alert systems ensure timely notifications of issues.

In industries like e-commerce and financial services, New Relic supports application performance monitoring to enhance user experience and system reliability. Organizations leverage its insights for optimizing performance, particularly in server operations and infrastructure management. Its ability to monitor API failures through synthetic monitoring is crucial for maintaining high service levels.

New Relic

Pico Corvil Analytics offers advanced capabilities in latency measurement, data analysis, and real-time packet decoding. Its intuitive dashboards and comprehensive analytics support latency management and customizable metrics, enhancing performance monitoring and infrastructure optimization.

Designed to assist in latency monitoring and benchmarking, Pico Corvil Analytics is essential for tracking server and exchange latency, client connectivity, electronic trading environments, and order flows. It provides features like real-time analytics, custom dashboards, and anomaly detection, aiding in transaction scrutiny and market activity predictions. Users note the depth of analytics features, although there is a desire for iHub functionality within the app, simpler configurations, and more intuitive performance analytics and reporting.

What are the core features of Pico Corvil Analytics?

Latency Measurement: Precision tracking for server and exchange latency.
Data Analysis: Granular insights for enhanced trading efficiency.
Real-Time Packet Decoding: Immediate packet analysis for troubleshooting.
Visualization: Advanced dashboards enhancing data communication.
Intelligent Alerts: Proactive performance monitoring and collaborations.

What benefits can users expect from Pico Corvil Analytics?

Enhanced Trading Efficiency: Drives strategic upgrades and operational improvements.
Nuanced Network Analysis: Empowers detailed troubleshooting and network management.
Performance Monitoring: Aids infrastructure optimization through informed decisions.

Pico Corvil Analytics is widely implemented in industries requiring high-performance trading infrastructures, such as financial services and electronic trading environments. It supports users in predicting market activities and ensuring reliable, efficient trade execution. Custom dashboards and real-time analysis provide a competitive edge in these high-stakes arenas.

PICO

Sample Customers

World Fuel Services, Verizon, FootLocker, McDonald's, Trainline, Mondia Media, Confused, Costa Coffee, Ryanair, Marks & Spencer, William Hill, Delivery Hero, Skyscanner, BASF, DAZN, Veygo, Virtuo, movingimage, talabat, Australia Post, Tokopedia, Seven Network, Virgin Australia, Zomato, BigBasket, Mercado Libre, Lending Club

NASDAQ, Commerzbank, Pico Quantitative Trading, CME Group, Interactive Data, Tokyo Stock Exchange Inc.

Buyer's Guide

New Relic vs. Pico Corvil Analytics

November 2026

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