CrowdStrike Named a Frost Radar™ Leader in Cloud Workload Protection Platforms for the Second Consecutive Year

Rhea-AI Summary

CrowdStrike (NASDAQ: CRWD) has been named a Leader in the 2024 Frost Radar™: Global Cloud Workload Protection Platform (CWPP) for the second consecutive year. The company was recognized for its innovation and growth, particularly its ability to simplify and scale cloud security through a unified platform. CrowdStrike Falcon® Cloud Security provides code-to-cloud protection to stop cloud breaches, addressing the 110% growth in cloud exploitation cases over the past year.

CrowdStrike's approach goes beyond visibility and posture, offering comprehensive protection across infrastructure, workloads, applications, APIs, and data. The company's cloud detection and response (CDR) capabilities, integrated with its CNAPP solution, have made it one of the fastest-growing players in the industry according to Frost & Sullivan.

Positive

• Named a Leader in the 2024 Frost Radar™: Global Cloud Workload Protection Platform for the second consecutive year
• Recognized as an innovation and growth leader in cloud security
• Provides unified code-to-cloud protection to stop cloud breaches
• Offers comprehensive protection across infrastructure, workloads, applications, APIs, and data
• Identified as one of the fastest-growing and largest players in the industry by Frost & Sullivan

Negative

• None.

Insights

Market Research Analyst

CrowdStrike's recognition as a Leader in the 2024 Frost Radar™ for CWPP strengthens its market position in the rapidly growing cloud security sector. With cloud exploitation cases up 110%, this accolade could drive increased demand for CrowdStrike's solutions. The company's unified approach and CDR capabilities set it apart, potentially leading to market share gains and revenue growth. However, investors should note that while this recognition is positive, it doesn't directly impact financials. The key will be how CrowdStrike leverages this leadership position to drive sales and customer acquisition in an increasingly competitive landscape.

Tech Expert

CrowdStrike's Falcon Cloud Security platform stands out for its unified code-to-cloud protection approach. This integration is important as it addresses the complexity challenges in multi-cloud environments. The platform's CDR capabilities, combined with threat intelligence and MDR services, provide a comprehensive security solution. This holistic approach could be a significant differentiator in the market. However, the rapid pace of cloud technology evolution means CrowdStrike must continue innovating to maintain its leadership position. Investors should monitor CrowdStrike's R&D investments and new feature releases to gauge its ability to stay ahead in this dynamic field.

CrowdStrike recognized “as an innovation and growth leader,” delivering a complete CNAPP with unified visibility and threat protection across the entire cloud estate to stop cloud breaches

AUSTIN, Texas--(BUSINESS WIRE)-- CrowdStrike (NASDAQ: CRWD) today announced that it has been named a Leader in the 2024 Frost Radar™: Global Cloud Workload Protection Platform (CWPP) for the second consecutive year. CrowdStrike was recognized as an innovation and growth leader for its ability to simplify and scale cloud security through a single, unified platform. CrowdStrike Falcon® Cloud Security provides global customers with unified code-to-cloud protection to stop cloud breaches.

According to the CrowdStrike 2024 Global Threat Report, cloud exploitation cases grew 110% over the past year, with adversaries becoming increasingly focused and persistent. Stopping cloud breaches requires a modern approach to protection that holistically addresses cloud security risk. Leveraging world-class managed threat hunting and intelligence, CrowdStrike sets the standard for cloud detection and response (CDR) as a native part of the most comprehensive CNAPP on the market. CrowdStrike goes beyond visibility and posture, empowering customers to see, secure and stop cloud threats across infrastructure, workloads, applications, APIs and data with a single, unified platform. This unified approach is a leading reason why organizations choose CrowdStrike to secure their cloud estates, making it “one of the fastest-growing and largest players” in the industry, according to Frost & Sullivan.

“Adversaries are increasingly targeting cloud environments, and traditional cybersecurity tools simply aren’t enough – visibility alone doesn’t stop breaches," said Raj Rajamani, head of products at CrowdStrike. "Only CrowdStrike delivers the comprehensive protection that customers need to secure the cloud and reduce operational complexity. Frost & Sullivan’s ongoing recognition of the value Falcon Cloud Security provides further validates our industry leadership and unmatched ability to streamline and scale cloud security through a single, unified platform.”

According to Anh Tien Vu, Industry Principal, Global Cybersecurity Research at Frost & Sullivan, "CrowdStrike Falcon Cloud Security has become a pioneer in cloud detection and response (CDR), leveraging its strengths in threat intel and managed detection and response (MDR) services” in addition to “robust visibility, vulnerability management, runtime protection, and compliance management across multi-cloud environments." Furthermore, “CrowdStrike is rated as an innovation and growth leader in this Radar analysis for its unified cloud security platform, tremendous growth trajectory over the last 4 years, and its future growth vision.”

To learn more about the 2024 Frost Radar™: Global Cloud Workload Protection Platform (CWPP), read our blog.

About CrowdStrike

CrowdStrike (NASDAQ: CRWD), a global cybersecurity leader, has redefined modern security with the world’s most advanced cloud-native platform for protecting critical areas of enterprise risk – endpoints and cloud workloads, identity and data.

Powered by the CrowdStrike Security Cloud and world-class AI, the CrowdStrike Falcon® platform leverages real-time indicators of attack, threat intelligence, evolving adversary tradecraft and enriched telemetry from across the enterprise to deliver hyper-accurate detections, automated protection and remediation, elite threat hunting and prioritized observability of vulnerabilities.

Purpose-built in the cloud with a single lightweight-agent architecture, the Falcon platform delivers rapid and scalable deployment, superior protection and performance, reduced complexity and immediate time-to-value.

CrowdStrike: We stop breaches.

Learn more: https://www.crowdstrike.com/
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© 2024 CrowdStrike, Inc. All rights reserved. CrowdStrike, the falcon logo, CrowdStrike Falcon and CrowdStrike Threat Graph are marks owned by CrowdStrike, Inc. and registered with the United States Patent and Trademark Office, and in other countries. CrowdStrike owns other trademarks and service marks, and may use the brands of third parties to identify their products and services.

View source version on businesswire.com: https://www.businesswire.com/news/home/20240823815435/en/

Jake Schuster

CrowdStrike Corporate Communications

press@crowdstrike.com

Source: CrowdStrike

FAQ

What recognition did CrowdStrike (CRWD) receive in the 2024 Frost Radar™ report?

CrowdStrike (CRWD) was named a Leader in the 2024 Frost Radar™: Global Cloud Workload Protection Platform (CWPP) for the second consecutive year, recognized as an innovation and growth leader in cloud security.

How much did cloud exploitation cases grow according to CrowdStrike's 2024 Global Threat Report?

According to CrowdStrike's 2024 Global Threat Report, cloud exploitation cases grew 110% over the past year.

What does CrowdStrike's Falcon Cloud Security platform offer?

CrowdStrike's Falcon Cloud Security platform offers unified code-to-cloud protection to stop cloud breaches, providing comprehensive protection across infrastructure, workloads, applications, APIs, and data through a single, unified platform.

How does CrowdStrike (CRWD) address cloud detection and response (CDR)?

CrowdStrike (CRWD) has become a pioneer in cloud detection and response (CDR), leveraging its strengths in threat intelligence and managed detection and response (MDR) services as part of its comprehensive CNAPP solution.