Updated 19 Jun, 2013, 9:20 pm IST
Trend Micro takes top spot in TechNavio’s global market share report
| by Roydon Cerejo |
Trend Micro Incorporated is the major player leading the fast-growing Global Cloud Security Software market, according to TechNavio’s Global Cloud Security Software Market report. The current overall TechNavio estimate for the global cloud security software market was valued at US$241 million in 2010 and is expected to reach US$963.4 million in 2014, growing at a CAGR of 41.4 per cent. Of the four major players in the global security software market, Trend Micro leads with the greatest estimated market share. The TechNavio report points out that Trend Micro is able to dominate the market because of its diversified geographic reach, established customer base, and brand reputation. The company’s partnerships with cloud and virtualization service provider, VMware, and partnerships with companies such as HP, Cisco, Dell, Microsoft Corp., Oracle, and Wipro, also were cited.
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