In a new cloud security market report from TechNavio, Trend Micro was recognized as the market share leader.
TechNavio values the Global Cloud Security Software market at US$241 million for 2010 and expects it to reach US$963.4 million in 2014; growing at a CAGR of 41.4 percent.
According to TechNavio, “Trend Micro is able to dominate the market because of its diversified geographic reach, established customer base, and brand reputation.
"Further, the company has a partnership network with cloud and virtualization service provider, VMware, which has helped it gain market share. Trend Micro also has partnerships with companies such as HP, Cisco, Dell, Microsoft Corp., Oracle, and Wipro.”
TechNavio cites four key company strengths that put Trend Micro in the #1 position:
The Global Cloud Security Software market report cites two primary drivers for the global cloud security software market: 1) the growing use of cloud services for critical data storage; and 2) the sudden increase in cloud-specific attacks.
An increasing number of companies are transferring their data to cloud to meet requirements for greater flexibility, cost savings, and availability. Further, TechNavio highlights the following growth factors:
"Trend Micro’s dominance in the cloud security market is the result of the focus and dedication our company has poured into cloud security innovations, which has enabled us to extend the reach of the global cloud infrastructure while maximizing security, reducing complexities, and providing a better user experience,” said Steve Quane, Chief Product Officer.
This recognition follows on the heels of Trend Micro being positioned as the leader in corporate endpoint server security and the leader in worldwide virtualization security management market*
Download the complete Global Cloud Security Software market report
* IDC Worldwide Endpoint Security 2011-2015 Forecast and 2010 Vendor Shares; TechNavio Global Virtualization Security Management Solutions 2010-2012.