We’re happy to announce that esteemed analyst firm Frost & Sullivan named us one of its Radar Leaders in its Frost Radar™: Cloud Workload Protection Platform for 2023.
The report examines the top CWPP vendors across ten growth and innovation criteria and addresses the expected long-term growth in cloud security and CWPP investments. The team at Frost & Sullivan evaluated more than fifty CWPP vendors to identify market leaders. Factors in their assessment include end-user focus, geographic presence, and solution portfolio.
In the report, Frost & Sullivan note that the “lack of familiarity among DevOps teams with security responsibilities and limited knowledge of cloud services, K8s, containers, CI/CD, and their associated security risks and countermeasures remains prevalent among organizations. This leads to a reliance on traditional application architectures and outdated security solutions.” These are the conditions that drive Wiz to continue developing a comprehensive, expertly designed platform that provides customers with a unified approach to cloud native security.
Frost & Sullivan’s findings note that Wiz stands out as a leader for its unprecedented growth and strong R&D initiatives:
Wiz has emerged as the fastest-growing player in the market, achieving remarkable success over the past 2 years. In an impressive feat, Wiz became the quickest security company to reach a $100 million ARR in 2022, doubling it in early 2023. This exceptional growth can be attributed to Wiz's concerted efforts to strengthen its platform capabilities through in-house research and development (R&D) initiatives and strategic partnerships. Moreover, Wiz has expanded its global footprint by opening a new data center in Asia-Pacific (APAC), recognizing the increasing demand for cloud security solutions in this area and beyond.
Anh Tien Vu, Industry Principal, Global Cybersecurity practice at Frost & Sullivan
They also cite Wiz for its continuing innovation across product lines:
The company’s recent developments include introducing proactive data breach prevention, K8s cluster security, real-time TDR, and other features. Wiz's promising product roadmap reflects its commitment to continuous innovation in addressing evolving cloud security challenges.
It’s an honor to be recognized (for the second time this year!) by Frost & Sullivan. We’re grateful to the team for their close inspection of our recent product developments, complex platform capabilities, and widespread solution adoption. And we deeply appreciate their assertion that “despite being a relatively young startup, Wiz has rapidly grown as a rising star in the cloud security space.”
Read more about the Frost Radar, and how the Frost & Sullivan team uses it to evaluate the innovation and growth of organizations.