The CrowdStrike debacle - a bug in the company's Windows software that had the disastrous effect of rendering PCs unusable - has disrupted flights, canceled elective medical treatments, and left many an office worker twiddling their thumbs for hours. Unsurprisingly, it's also tanked CrowdStrike's stock price, even as the company's CEO, George Kurtz, promises a fix and systems begin to crawl back online.
As of year-end 2023, CrowdStrike had an estimated 14.74% share of global revenue from security software sales, raking in roughly $2.01 billion, according to data from Gartner. That's second only to Microsoft, which had a 40.16% share ($5.49 billion) last year; CrowdStrike's next-largest competitor is Trellix with a 6.62% share ($906 million) as of 2023.
Eric Grenier, cybersecurity threat detection and exposure analyst at Gartner, cautioned that it's too early to say who the 'winners' are in the ongoing CrowdStrike saga. But he told TechCrunch that he often sees Microsoft and SentinelOne shortlisted by the clients he speaks with, and it wouldn't surprise him if Friday's events cemented a few C-suite decisions in favor of CrowdStrike alternatives.
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