Apache JMeter
The Apache company developed Jmeter to tackle the expensive HP LoadRunner application testing software. It matches the LoadRunner in a technical capacity and is considered as one of the most advanced tools among all the open source platform testing applications. It is a simulated application that allows virtual users to make the same requests as a browser would.
Looking at the LoadRunner vs Jmeter facts, one feature that sets apart Jmeter from its competitors is its extensive Java plug-ins. This allows the user to add functionalities just by scripting in the necessary Java plug-in. Another area where Jmeter is different from LoadRunner is the load conditions. LoadRunner defines load in terms of requests per second whereas Jmeter defines separate load conditions for synchronized users.
HP LoadRunner
The HP LoadRunner is one of the most recognized performance testing tools. It revitalized performance testing by adopting testing methods on virtual machines instead of operating them by using separate software tools. The reason for it being so expensive was because of it being the sole operator in the software testing realm. However, it is not practical to use LoadRunner if you have to run a large scale performance test.
Besides that, it requires advanced coordination to secure performance testing time slots when it comes to the development of load test websites.
Conclusion : In my opinion if your budget allow you go for licenced version of Loadrunner, go for it. It give you additional features like rich monitoring, Reporting and analysis features.