Arctic Wolf Leads in Security Operations with Top Revenue Growth According to Gartner

Arctic Wolf®, a leader in security operations based in Eden Prairie, Minnesota, has announced its recognition for having the highest revenue growth rate among 46 vendors in the latest Gartner® “Market Share: Security Services, Worldwide, 2023” report. The report highlighted that global security services spending increased by 13.6% to $65.6 billion in 2023, with Managed Detection and Response (MDR) showing significant growth. Arctic Wolf’s Security Operations Platform has been identified as a top choice for organizations aiming to enhance their security outcomes through a unified technology solution. The company’s unique Concierge Delivery Model and Security Journey solutions offer a competitive advantage in improving insurability and incident readiness against cyber threats.
Nick Schneider, Arctic Wolf’s CEO, attributes the company’s remarkable market growth to its comprehensive security operations framework, which effectively meets customer security needs. The platform processes over 5.2 trillion security events per week, using advanced AI algorithms within its open-XDR architecture to deliver a broad range of security operations solutions.
Arctic Wolf’s industry recognition includes consecutive listings in the CNBC Disruptor 50, Forbes Cloud 100, and the debut Fortune Cyber 60. Furthermore, it has been named a leader in the 2024 IDC MarketScape for Worldwide Managed Detection and Response Services and has received high ratings in Gartner Peer Insights.
This acknowledgment from Gartner underscores Arctic Wolf’s position not only as a cybersecurity leader but also as a transformative technology company committed to delivering innovative solutions. The company’s success is marked by its ability to consolidate security operations and reduce the complexity of managing multiple security products, positioning itself as a central cybersecurity hub for over 5,200 organizations globally.