CrowdStrike receives Leader status from Forrester for managed detection and response

Forrester Research has named CrowdStrike a leader in The Forrester Wave™: Managed Detection and Response (MDR), Q2 2023 report*. According to the report, “few companies can boast a string of successes like CrowdStrike. The vendor became a pre-eminent incident response firm and a dominant player in the endpoint security space. It delivers an exceptional MDR service and taught cybersecurity firms how SaaS businesses work.”

As the Forrester report states, “CrowdStrike’s extensive view of the threat landscape and incident response services give it an advantage when it comes to threat intelligence and managed detection...For companies that are looking to source products, platforms and services from one provider and that want superior threat intelligence added in, then CrowdStrike is the right choice.”

In Forrester’s evaluation, CrowdStrike received the highest score possible in 12 of the 23 criteria:

- Current offering: Threat hunting, threat intelligence, managed detection, managed response, Dashboards and Reporting, Platform Capabilities

- Strategy: Product vision, market approach, adoption, commercial model

- Market presence: Revenue, number of customers

CrowdStrike’s MDR, CrowdStrike Falcon Complete, is a managed detection and response offering that delivers 24x7 proactive threat hunting, expert investigation, integrated threat intelligence and remediation to help organisations of all sizes close the cybersecurity skills gap. 

According to a Forrester Consulting study on the Total Economic Impact™ of CrowdStrike Falcon Complete, Forrester estimates that a composite organisation comprised of interviewees with experience using CrowdStrike generated an estimated 403% return on investment (ROI), resulting in nearly US$6 M in cost savings over three years. The composite organisation also saw security benefits such as a dramatically-reduced risk of data breaches, the elimination of redundant cybersecurity tools and added capacity equivalent to 11 full-time security operations centre (SOC) analysts.

“As a pioneer in MDR and adversary intelligence, CrowdStrike’s market-leading platform and innovative approach to service delivery empowers customers to run a state-of-the-art security programme without the operational challenges and high overhead costs associated with building one internally,” said Tom Etheridge, Chief Global Services Officer at CrowdStrike.

CrowdStrike also ranked No. 1 in market share for the second consecutive year in the recent Gartner MDR for Managed Security Services and is the only MDR service that detected 99% of adversary techniques in the 2022 MITRE Engenuity ATT&CK® Evaluations for Security Service Providers. MITRE Engenuity does not rank or rate participants.

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Read The Forrester Wave™: Managed Detection and Response, Q2 2023 report at https://www.crowdstrike.com/resources/reports/forrester-wave-managed-detection-and-response-q2-2023/

*The Forrester Wave™: Managed Detection And Response, Q2 2023 report, Forrester Research, May 18, 2023.

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