ExtraHop® Achieves Second Largest Market Share for NDR in the 2024 Gartner® Enterprise Network Equipment Market Report for Second Consecutive Year

ExtraHop^®, a leader in cloud-native network detection and response (NDR), today announced it has been recognized by Gartner in the Market Share: Overall Enterprise Network Equipment Market, Worldwide, 4Q23 and 2023¹, maintaining the second largest share of market revenue in the NDR category for the 2023 fiscal year.

As bad actors find new ways to circumvent traditional perimeter defenses like SIEM, endpoints, and logs, enterprises are increasingly realizing the power of the network. According to the 2024 Gartner Market Guide for Network Detection and Response, in which ExtraHop was named a representative vendor for the fourth time, “NDR global market revenue continues to grow double digit, registering an increase of 19% for the period 1Q23 through 3Q23, year over year.”²

“Cyber risk is inevitable and it’s clear that NDR is rapidly becoming the solution that organizations can rely on to help manage it,” said Raja Mukerji, co-founder and Chief Scientist, ExtraHop. “Our unique approach to network visibility, backed by patented AI and machine learning models, advantageous integrations, and one-of-a-kind decryption capabilities, takes our technology to the next level. We believe the latest Gartner report reaffirms our position as a market leader and remain committed to building innovative solutions customers can trust.”

Over the last year, ExtraHop has placed a significant emphasis on expanding key partnerships and developing integrations for extended detection and response (XDR) implementations in response to its 2023 report that found 78% of organizations believe XDR is critical to mitigating risk and improving resiliency.

According to the 2024 Gartner Market Guide for Network Detection and Response, “Most XDR vendors have weak capabilities for native network analysis, leading to an increasing number of integrations with current NDR vendors.”

Addressing this market opportunity, ExtraHop announced several integrations with long-term partner CrowdStrike to give joint customers a unified cybersecurity platform, forming the foundation for XDR. Highlights of the partnership include:

• CrowdStrike Falcon^® Intelligence in RevealX™: ExtraHop customers receive access to CrowdStrike’s threat intelligence as an out-of-the-box service for more timely, reliable, and contextual detections.
• CrowdStrike Falcon LogScale™ record storage: Joint customers can store records in LogScale, enabling greater flexibility and streamlining network data analysis.
• Push-Button Response: Customers can quarantine devices with a Falcon agent directly within RevealX, based on high-fidelity detections and rich intelligence extending from the network to the endpoint.

To learn more, read our blog on the ExtraHop-CrowdStrike partnership and demo the RevealX™ platform today.

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¹ Gartner, Overall Enterprise Network Equipment Market, Worldwide, 4Q23 and 2023, 4 April 2024, Christian Canales, Gurjyot Uppal, Naresh Singh

² Gartner, Market Guide for Network Detection and Response, 29 March 2024, Jeremy D'Hoinne, Thomas Lintemuth, Nahim Fazal, Charanpal Bhogal

Gartner Disclaimer

Gartner, Market Guide for Network Detection and Response, Jeremy D'Hoinne, Thomas Lintemuth, Nahim Fazal, Charanpal Bhogal, 29 March 2024.

Gartner, Market Share: Enterprise Network Equipment by Market Segment, Worldwide, 4Q23 and 2023, By Christian Canales, Gurjyot Uppal, Naresh Singh, 28 March 2024.

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About ExtraHop^®

ExtraHop is the cybersecurity partner enterprises trust to reveal cyber risk and build business resilience. The ExtraHop RevealX™ network detection and response (NDR) platform uniquely delivers the unparalleled visibility and decryption capabilities that organizations need to investigate smarter, stop threats faster, and move at the speed of risk. Learn more at www.extrahop.com.

© 2024 ExtraHop Networks, Inc., RevealX, RevealX 360, RevealX Enterprise, and ExtraHop are registered trademarks or trademarks of ExtraHop Networks, Inc.

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