BY: OLAPEJU OLUBI
Trend Micro Incorporated, a global cyber security leader, has announced that it remains the largest vendor in the cloud workload security market for five consecutive year.
The data appears in the International Data Cooperation (IDC) Worldwide Cloud Workload Security Market Shares, 2022, with a share more than twice that of its nearest competitor.
Country Managing Director African Cluster, Gareth Redelinghuys, explained that IDC’s report highlights surging demand for cloud workload security and realized the overall size of the market increased by nearly 27% annually to reach $2.6bn worldwide, saying Trend Micro’s cloud-specific revenue is predicted as greater than that of the second and third largest vendors combined.
Redelinghuys said Trend was early to spot the transformational potential in cloud and the need to secure this growing attack surface With a 16% market share, there’s no vendor out there that comes close to the depth of it intelligence and geographic diversity of it 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% 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,” he said.
Yet as organisations migrate more of their mission-critical applications and workloads to cloud environments, the country Manager hinted that they risk increased exposure to business disruption and data theft, saying 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 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.
