CrowdStrike Named a Leader in 2023 Gartner® Magic Quadrant™ for Endpoint Protection Platforms
- CrowdStrike positioned furthest right for Completeness of Vision and highest for Ability to Execute among 16 vendors evaluated in the report
- Consistent recognition as a leader driven by continuous innovation and ability to execute
- Ranked #1 in the Market Share: Managed Security Services, Worldwide, 2022 report for Managed Detection and Response (MDR) Market Share for the second consecutive year
- None.
Insights
The positioning of CrowdStrike as a Leader in the Gartner Magic Quadrant for Endpoint Protection Platforms signals to investors and stakeholders an affirmation of the company's strategic vision and operational effectiveness in the cybersecurity sector. This recognition, particularly being placed furthest right for Completeness of Vision and highest for Ability to Execute, implies that CrowdStrike is not only envisioning future market needs and technological advancements but is also effectively translating this vision into marketable products and services.
Such an acknowledgment may lead to increased customer trust and potentially higher sales volumes as organizations seeking robust cybersecurity solutions often turn to market leaders for reliable protection. Moreover, CrowdStrike's emphasis on an AI-native platform suggests a competitive edge in machine learning and artificial intelligence capabilities, which are increasingly crucial in the fast-evolving threat landscape. The potential for consolidation of security point products and reduction in complexity and costs could drive adoption among enterprises looking to streamline their cybersecurity infrastructure.
Investors should monitor how this recognition translates into financial performance, considering the potential for increased market share and revenue growth. However, they should also be aware of the competitive dynamics of the cybersecurity industry, where rapid innovation and shifting customer preferences can quickly alter the competitive landscape.
The elevation of CrowdStrike by Gartner as a leader in the EPP space underscores the company's proficiency in endpoint detection and response (EDR). The AI-native Falcon XDR platform's ability to analyze and integrate trillions of security events is indicative of advanced threat detection capabilities that are critical in preemptively addressing cyber threats. The platform's lightweight agent architecture simplifies deployment and can be a significant differentiator in an industry where endpoint complexity is a common pain point for IT departments.
For stakeholders, the mention of CrowdStrike's Managed Detection and Response (MDR) service, Falcon Complete and its ranking in the Managed Security Services Market Share report, suggests a robust managed services offering that can appeal to organizations with less mature security operations. This is particularly relevant given the ongoing cybersecurity skills gap in the industry, which represents a significant market opportunity for providers like CrowdStrike that can offer comprehensive managed security solutions.
While the recognition is positive, it is important to consider the sustainability of CrowdStrike's innovation cycle and the company's ability to maintain its leadership position amid intense competition and evolving cyber threats.
CrowdStrike's announcement as a Leader in the Gartner Magic Quadrant may have favorable implications for investor sentiment and the company's stock valuation. The consistent recognition over four consecutive years could be interpreted as an indicator of long-term stability and sustained competitive advantage, which are key factors for investor confidence. The ability to execute at a high level suggests operational efficiency and effectiveness in product development and customer service, which are critical for maintaining and growing market share.
The company's strategy to provide a unified platform that extends from endpoint to cloud, identity and data signifies an alignment with the broader trend of integrated cybersecurity solutions. This approach can potentially lead to cross-selling opportunities and increased customer lifetime value. Moreover, the emphasis on AI and machine learning within the Falcon platform may position CrowdStrike favorably in the context of increasing demand for intelligent and autonomous security systems.
However, investors should assess the company's financials, including revenue growth, profit margins and R&D investment levels, to determine if the market positioning is translating into tangible financial results. Additionally, it is important to evaluate CrowdStrike's market share and growth in relation to its peers to understand its performance in the context of the overall cybersecurity industry.
CrowdStrike positioned furthest right for Completeness of Vision and highest for Ability to Execute among 16 vendors evaluated in the report
“CrowdStrike revolutionized endpoint protection with a modem, AI-native platform focused on stopping the breach. We believe that our recognition as a Leader showcases our market dominance and ability to deliver the continuous innovation customers need,” said Michael Sentonas, president at CrowdStrike. “We’ll continue to deliver the powerful capabilities customers require to extend and consolidate industry leading protection and use cases from the endpoint to cloud, identity, data and beyond from a single, unified platform.”
CrowdStrike: Built to Stop Breaches
CrowdStrike has been positioned furthest right for Completeness of Vision for the fourth consecutive time, and highest for Ability to Execute in the report.
CrowdStrike pioneered the endpoint detection and response (EDR) market with an AI-native platform purpose-built to stop breaches. CrowdStrike believes that its consistent recognition as a leader is driven by its continuous innovation and ability to execute and deliver the security outcomes customers need most:
- Stopping breaches: Stopping the breach matters more for organizations today than ever before. The Falcon platform analyzes, integrates and enriches trillions of security events with specific data from each protected organization, third-party sources and world-class threat intelligence to train its AI models to detect and prevent threats at machine-speed.
- Consolidating security point products: Built with a revolutionary, single, lightweight agent, the Falcon platform delivers industry-leading protection across endpoints, cloud, identities and data from a unified platform, without requiring additional agents. Organizations can consolidate security point products, eliminate agents and reduce overall costs and complexity.
- Cybersecurity expertise to close the skills gap: Gartner noted the strength of CrowdStrike’s Managed Detection and Response (MDR) service, Falcon Complete. For organizations with less mature security operations, CrowdStrike’s team of security experts provides 24/7 management, monitoring, proactive threat hunting and end-to-end remediation.
In May, Gartner ranked CrowdStrike #1 in the Market Share: Managed Security Services, Worldwide, 2022 report for Managed Detection and Response (MDR) Market Share for the second consecutive year. We believe this, and our recognition in the 2023 Gartner® Magic Quadrant™ for Endpoint Protection Platforms, acknowledges our ability to deliver innovative and powerful endpoint security and more for every organization.
Additional Resources
- To learn more about CrowdStrike’s recognition in the 2023 Gartner Magic Quadrant for EPP, please visit our website and read our blog.
- To learn more about CrowdStrike Falcon Endpoint security, please visit our website.
Gartner Disclaimer
Gartner does not endorse any vendor, product or service depicted in its research publications, and does not advise technology users to select only those vendors with the highest ratings or other designation. Gartner research publications consist of the opinions of Gartner’s research organization and should not be construed as statements of fact. Gartner disclaims all warranties, expressed or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose.
Gartner, Market Share: Managed Security Services, Worldwide, 2022, Rahul Yadav, Travis Lee, Matt Milone, Akshita Joshi, Shailendra Upadhyay, 18 April 2023
Gartner is a registered trademark and service mark and Magic Quadrant is a registered trademark of Gartner, Inc. and/or its affiliates in the
Gartner, Magic Quadrant for Endpoint Protection Platforms, 31 December 2023, Evgeny Mirolyubov, Max Taggett, Franz Hinner, Nikul Patel.
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/20240110886793/en/
Kirsten Speas
CrowdStrike Corporate Communications
press@crowdstrike.com
Source: CrowdStrike
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