A new report from the International Data Corporation (IDC) has ranked Trend Micro, a global cybersecurity leader, as the largest vendor in the cloud workload security market. It has a share more than twice that of its nearest competitor for the 5th consecutive year. The data appears in the IDC Worldwide Cloud Workload Security Market Shares, 2022: A Shifting Landscape report.
IDC’s report also highlights the surging demand for cloud workload security. The market’s overall size increased by nearly 27% annually to reach Ksh 260 billion ($2.6bn) worldwide. While it did not go into specifics, the report expects Trend Micro’s cloud-specific revenue to grow more extensively than the second and third-largest vendors combined.
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“Trend was early to spot the transformational potential in cloud and the need to secure this growing attack surface,”
Said Gareth Redelinghuys, Trend Micro Country Managing Director African Cluster.
“With a 16% market share today, no vendor out there comes close to the depth of our threat intelligence and geographic diversity of our customer base. Our focus 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 when cloud migration continues its exponential growth in South Africa, with 69% of businesses planning to increase their cloud spending in 2023. Seven of ten chief information and technology officers said that public cloud applications are critical to their organisation’s digital transformation strategy.
Yet as organisations migrate more 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 microservice architectures, is also highlighted by IDC as a fast-emerging risk factor.
In this increasing complexity, he noted that the firm remains committed to offering powerful protection, detection and response for data in every environment that can be managed from a centralised platform.
“We also recognise that the cloud does not operate in a vacuum. That’s why the cloud-native Vision One platform was built to help SecOps teams prioritize threat signals, increase productivity, and take rapid action to contain threats across email, endpoint, network, server and cloud infrastructure,” He added.
To read an excerpt of the IDC, Worldwide Cloud Workload Security Market Shares, 2022: A Shifting Landscape, report, please visit https://resources.trendmicro.com/IDC-Cloud-Workload-Security-Overview.html.