CrowdStrike Named Cloud Security Leader in Frost & Sullivan’s 2023 Frost Radar™: Cloud-Native Application Protection Platform

Rhea-AI Summary

CrowdStrike has been recognized as a global leader in Frost & Sullivan's Frost Radar: Cloud-Native Application Protection Platforms, 2023 report for the second year in a row. The company offers a comprehensive CNAPP solution delivered from one unified platform, enabling organizations to detect and prevent threats from any source. CrowdStrike's recent acquisition of Bionic expands its cloud security capabilities. The company's platform consolidation, unified capabilities, and impressive growth momentum contribute to its success. Ending ARR for CrowdStrike modules deployed in the public cloud grew to $296 million, up 70% YoY.

Positive

• CrowdStrike has maintained an impressive growth momentum over the last few years, becoming one of the fastest growing and largest players.
• Ending ARR as of July 31, 2023 for CrowdStrike modules deployed in the public cloud grew to $296 million, up 70% year-over-year.

Negative

• None.

For the second consecutive year, leading analyst firm recognized CrowdStrike’s innovation in cloud security and impressive growth

AUSTIN, Texas--(BUSINESS WIRE)-- CrowdStrike (Nasdaq: CRWD) has been named a global leader for the second consecutive time in Frost & Sullivan’s Frost Radar: Cloud-Native Application Protection Platforms, 2023 report.

CrowdStrike offers the industry’s most comprehensive, full-spectrum CNAPP solution delivered from one unified, AI-native platform, enabling organizations to detect and prevent threats no matter where they originate. Frost & Sullivan states that “CrowdStrike has maintained an impressive growth momentum over the last few years” with the company’s “unified CNAPP [capabilities] that provide CIEM, CWPP, container security and CSPM with KSPM.” The recent acquisition of Bionic, a pioneer in application security posture management (ASPM), further expands CrowdStrike’s cloud security capabilities to manage risks at the application stack, delivering a complete picture of application security.

According to Frost & Sullivan, CrowdStrike stood out as a cloud security leader for:

• Platform Consolidation and Unified Capabilities Driving Momentum: Frost & Sullivan cited CrowdStrike’s unified platform and scale as key contributors, noting that the company’s “sustained growth momentum, extensive customer base from XDR/EDR offerings, and robust channel partner ecosystem [are] the main contributors to its success.” The seamless integration of CrowdStrike’s “endpoint security, incident response, security assessment, MDR and Cloud Threat Hunting services enables customers to extend protection from endpoint to cloud with excellent support, which sets CrowdStrike apart from competitors.”
  
  
• Robust, Unified CNAPP: CrowdStrike’s holistic agent and agentless CNAPP solution enables businesses to “detect and prevent cloud misconfigurations, ensure compliance, manage, and protect hosts, VMs, applications, containers/ Kubernetes through early vulnerability identification, threat detection and response and runtime protection.” With seamless integrations into all major CSPs, CrowdStrike “makes it easier for customers to scale to suit their needs as per the changes in their cloud environments.”
  
  
• Impressive and Consistent Cloud Security Growth Momentum: Frost & Sullivan ranked CrowdStrike a leader in their Growth Index, stating that, “CrowdStrike has maintained an impressive growth momentum over the last few years, becoming one of the fastest growing and largest players.” Ending ARR as of July 31, 2023 for CrowdStrike modules deployed in the public cloud grew to $296 million, up 70 percent year-over-year – larger than almost every cloud security vendor.

“With cloud exploitation cases growing by 95%, it is vital for businesses to have cloud security that stops breaches faster and covers the entire estate – from endpoint to cloud,” said Raj Rajamani, head of products at CrowdStrike. “Falcon cloud security offers a comprehensive view of both on-prem and cloud assets, uses its contextual understanding to reduce the number of alerts and stops cloud breaches – no matter where they originate. Frost & Sullivan’s acknowledgement of the continuous growth and technological strengths of our CNAPP further validates our cloud security leadership.”

Additional Resources

• CrowdStrike named a leader in Frost & Sullivan’s 2023 Frost Radar: Cloud Workload Protection Platform.
• CrowdStrike named a leader in Frost & Sullivan’s 2022 Frost Radar: Cloud-Native Application Protection Platform.
• To learn more about CrowdStrike Falcon Cloud Security, please visit our website.

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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© 2023 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/20231030212561/en/

Kevin Benacci

CrowdStrike Corporate Communications

press@crowdstrike.com

Source: CrowdStrike

FAQ

What recognition did CrowdStrike receive in Frost & Sullivan's report?

CrowdStrike was named a global leader in Frost & Sullivan's Frost Radar: Cloud-Native Application Protection Platforms, 2023 report.

What does CrowdStrike offer in terms of cloud security?

CrowdStrike offers a comprehensive CNAPP solution delivered from one unified platform, enabling organizations to detect and prevent threats from any source.

What recent acquisition has expanded CrowdStrike's cloud security capabilities?

CrowdStrike acquired Bionic, a pioneer in application security posture management (ASPM), to enhance its cloud security capabilities.

What were the key contributors to CrowdStrike's success as a cloud security leader?

Frost & Sullivan highlighted CrowdStrike's unified platform, scale, extensive customer base, and robust channel partner ecosystem as key contributors to its success.

How much did CrowdStrike's ending ARR for modules deployed in the public cloud grow?

Ending ARR as of July 31, 2023 for CrowdStrike modules deployed in the public cloud grew to $296 million, up 70% year-over-year.