CrowdStrike Named a Leader in Cloud Workload Security by Independent Research Firm

Rhea-AI Summary

CrowdStrike (CRWD) has been named a Leader in The Forrester Wave™: Cloud Workload Security, Q1 2024. They ranked highest in the Strategy category and received the highest scores in the Vision and Innovation criteria. CrowdStrike Falcon Cloud Security provides complete visibility and protection from code to cloud, making it a leading choice for organizations consolidating their cybersecurity stack.

Positive

• CrowdStrike ranked highest in the Strategy category and received the highest scores in the Vision and Innovation criteria.
• CrowdStrike Falcon Cloud Security delivers the industry’s most complete CNAPP solution on the market in a single, unified platform, protecting the entire cloud estate with integrated cloud workload protection (CWP), cloud security posture management (CSPM), cloud identity entitlement management (CIEM) and application security posture management (ASPM).
• Forrester report notes that CrowdStrike shines in agentless CWP and container runtime protection, showing a convincing CWS vision, and innovation, partner revenue, and CDR capabilities that are ahead of the competition.
• CrowdStrike is a great fit for firms looking for agent-first, behavioral-based threat detection that fits into an end-to-end CWS platform.

Negative

• None.

Insights

Cybersecurity Analyst

From a cybersecurity perspective, CrowdStrike's recognition as a Leader in The Forrester Wave for Cloud Workload Security is significant. The company's strategic positioning reflects its comprehensive approach to cloud security, which is increasingly important as cloud exploitation cases have surged by 95% over the past year. CrowdStrike's unified platform, which integrates CWP, CSPM, CIEM and ASPM, offers a robust defense against the evolving threats in cloud environments. This holistic approach not only simplifies security management for organizations but also enhances detection and response capabilities, which are critical in a landscape where adversaries are becoming more sophisticated.

The mention of CrowdStrike's agentless CWP and container runtime protection as standout features indicates the company's adaptability to different cloud architectures, including serverless and containerized environments. This adaptability is essential for businesses that are increasingly reliant on diverse cloud services and are seeking security solutions that can seamlessly integrate with their existing cloud infrastructure.

Market Analyst

From a market standpoint, CrowdStrike's leading position in cloud workload security is likely to bolster investor confidence and could potentially impact its market performance positively. The high scores in Strategy, Vision and Innovation criteria suggest that CrowdStrike is well-aligned with market needs and is poised for continued growth in the cloud security segment. As businesses continue to migrate to the cloud and face complex security challenges, CrowdStrike's comprehensive solutions position it favorably to capture a larger market share.

The report's emphasis on CrowdStrike's innovation and vision also indicates that the company is ahead of the curve in a competitive landscape, which can translate to a competitive advantage and potentially higher revenues. For investors, this could mean that CrowdStrike is a strong contender in the cybersecurity space with the potential for sustained long-term growth.

Technology Industry Analyst

From an industry perspective, CrowdStrike's achievement highlights the importance of innovation in the cybersecurity sector, particularly in cloud security. As cloud becomes the preferred attack vector, CrowdStrike's AI-native Falcon XDR platform demonstrates the industry's shift towards artificial intelligence and machine learning as critical components in threat detection and response. The company's ability to deliver a unified platform that covers the entire cloud attack surface from code to cloud is indicative of the direction in which cloud security services are heading.

This trend towards platform consolidation is reflective of a broader industry movement towards integrated solutions that offer end-to-end protection. Organizations are looking to minimize the complexity of their cybersecurity stacks by adopting platforms that can provide comprehensive coverage without the need for multiple point solutions. CrowdStrike's success in this area could prompt other players in the industry to follow suit, potentially leading to a wave of innovation and consolidation in cloud security offerings.

CrowdStrike receives the highest position of all vendors in the Strategy category; receives highest scores possible in the Vision and Innovation criteria

AUSTIN, Texas--(BUSINESS WIRE)-- CrowdStrike (Nasdaq: CRWD) today announced that it has been named a Leader in The Forrester Wave™: Cloud Workload Security, Q1 2024. Of the 13 vendors evaluated based on cloud workload security (CWS) capabilities, CrowdStrike ranked the highest in the Strategy category and received the highest scores possible in the Vision and Innovation criteria. With one of the largest and fastest growing cloud security businesses in the industry, we believe this position as a leader demonstrates why customers are increasingly consolidating their cybersecurity stack on the AI-native CrowdStrike Falcon® XDR platform and replacing existing cloud security point products with CrowdStrike Falcon Cloud Security.

“Adversaries are aggressively targeting cloud environments. Point security products with detection-only capabilities and stitched-together platforms are not enough for modern cloud security. Only CrowdStrike delivers visibility, remediation and prevention in a unified platform to stop cloud breaches,” said Raj Rajamani, head of products, CrowdStrike. “We pioneered cloud-native cybersecurity and continue to deliver the innovation needed to extend industry-leading protection across every area of the attack surface. Cloud is the attack vector of choice for adversaries, and we were purpose-built in the cloud to stop them.”

Stopping Cloud Breaches with CrowdStrike Falcon Cloud Security

According to the CrowdStrike 2023 Global Threat Report, cloud exploitation cases grew 95% over the past year, with adversaries becoming even more focused and persistent. Stopping cloud breaches requires a modern approach to protection that holistically addresses cloud security risk.

CrowdStrike Falcon Cloud Security delivers the industry’s most complete CNAPP solution on the market in a single, unified platform. CrowdStrike Falcon Cloud Security protects the entire cloud estate with integrated cloud workload protection (CWP), cloud security posture management (CSPM), cloud identity entitlement management (CIEM) and application security posture management (ASPM), delivering complete visibility and protection from code to cloud. This unified, platform approach is a leading reason why organizations consolidate with CrowdStrike to replace immature cloud security point products and why CrowdStrike has one of the largest and fastest growing cloud security businesses in the industry.

We believe that achieving the top score out of all 13 vendors in the Strategy category, alongside the highest possible scores in the Vision and Innovation criteria, further validates CrowdStrike’s position as a leader in cloud security. In addition, the Forrester report notes that CrowdStrike “shines in agentless CWP and container runtime protection,” showing a “convincing CWS vision,” and innovation, partner revenue and CDR capabilities that are “ahead of the competition.” In reference to CrowdStrike Falcon Cloud Security’s unified capabilities, the report states that “CrowdStrike is a great fit for firms looking for agent-first, behavioral-based threat detection that fits into an end-to-end CWS platform.”

Additional Resources:

• To learn more about The Forrester Wave™: Cloud Security, Q1 2024, read our blog.
• CrowdStrike named a leader in the Frost Radar™: Cloud-Native Application Protection Platforms, 2023 report for the second consecutive time.
• CrowdStrike named a Strong Performer in The Forrester Wave™: Cloud Workload Security, Q1 2022 report.

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/20240129427056/en/

Kirsten Speas

CrowdStrike Corporate Communications

press@crowdstrike.com

Source: CrowdStrike

FAQ

What is CrowdStrike's ticker symbol?

The ticker symbol for CrowdStrike is CRWD.

What is the Forrester Wave™: Cloud Workload Security, Q1 2024?

It is an evaluation of cloud workload security (CWS) capabilities of vendors. CrowdStrike ranked highest in the Strategy category and received the highest scores in the Vision and Innovation criteria.

What does CrowdStrike Falcon Cloud Security offer?

CrowdStrike Falcon Cloud Security provides complete visibility and protection from code to cloud with integrated cloud workload protection, cloud security posture management, cloud identity entitlement management, and application security posture management.

What are some key highlights from the Forrester report?

The report notes that CrowdStrike shines in agentless CWP and container runtime protection, showing a convincing CWS vision, and innovation, partner revenue, and CDR capabilities that are ahead of the competition.

Why is CrowdStrike considered a leader in cloud security?

CrowdStrike is considered a leader due to achieving the top score out of all 13 vendors in the Strategy category, alongside the highest possible scores in the Vision and Innovation criteria, further validating their position as a leader in cloud security.