Trend Micro Incorporated, a global cybersecurity leader, says it remains by far the largest vendor in the cloud workload security market, with a share more than twice that of its nearest competitor.
The data appears in the IDC Worldwide Cloud Workload Security Market Shares, 2022: A Shifting Landscape (doc #US50197823, May 2023).
IDC’s report highlights surging demand for cloud workload security. The overall size of the market increased by nearly 27 per cent annually to reach $2.6bn worldwide.
Trend Micro’s cloud-specific revenue is predicted as greater than that of the second and third largest vendors combined.
“Trend was early to spot the transformational potential in cloud and the need to secure this growing attack surface,” said Gareth Redelinghuys, Country Managing Director African Cluster at Trend.
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“With a 16 per cent market share today, there’s no vendor out there that comes close to the depth of our threat intelligence and geographic diversity of our customer base. Our focus now is to give our customers what they’re increasingly demanding: a broad set of powerful cloud security capabilities delivered seamlessly to protect data no matter where it is.”
This comes at a time when cloud migration continues its exponential growth in South Africa with 69 per cnt of businesses planning to increase their cloud spending in 2023. Seven out of ten chief information and technology officers have said that public cloud applications are key to their organisation’s digital transformation strategy.
Yet as organisations migrate more of their mission-critical applications and workloads to cloud environments, they risk increased exposure to business disruption and data theft. The growing popularity of containers, and the accompanying move from monolithic to micro service architectures, is also highlighted by IDC as a fast-emerging risk factor.
In the context of this increasing complexity, Trend remains committed to its mission to offer powerful protection, detection and response for data in every environment that can be managed from a centralised platform.
Trend also recognises that cloud does not operate in a vacuum. That’s why the cloud-native Vision One platform was built to help SecOps teams prioritise threat signals, increase productivity, and take rapid action to contain threats across email.