Trend Micro Leads Global Cloud-Native Application Market in 2023
Trend Micro's Continued Dominance in Cybersecurity
Trend Micro Incorporated, a global leader in cybersecurity, has celebrated its achievement in retaining the top ranking for worldwide cloud-native application protection platform (CNAPP) market share according to a recent report from IDC.
Significant Growth in CNAPP Revenue
Trend's success is underscored by an impressive increase in its global CNAPP revenue which reached $457.9 million in 2023, marking an 11.3% year-over-year growth.
The Rising Importance of CNAPP
As organizations shift towards multi- and hybrid cloud infrastructures, they are recognizing the significant risks that come with these operational models. Cybercriminals exploit existing security gaps, making CNAPP solutions more vital than ever. Philip Bues, Senior Research Manager at IDC, emphasizes that organizations are now seeing cloud risks as business risks.
Market Dynamics
The worldwide CNAPP market has witnessed a growth of 31.5% in 2023, with a total valuation of $3.5 billion. This surge reflects the increasing need for effective security solutions that address the complications posed by evolving cloud environments.
Trend Micro's Comprehensive Solutions
According to Kevin Simzer, COO at Trend, the company has played a crucial role in shaping the CNAPP market, delivering solutions that address customer pain points effectively. The Trend Vision One™ platform offers unparalleled attack surface management capabilities, providing enhanced cloud risk management and real-time monitoring.
Enhancing Cloud Security
Trend Micro's approach includes proactive measures to assess cloud environments. By identifying and mitigating security vulnerabilities, companies can avoid potential breaches. This aligns with IDC's findings that a consolidated, simple approach to managing risk is desired across the industry.
The Growing Focus on Identity
The IDC report highlights that compromised credentials are becoming the primary cause of cyber breaches. This shift has prompted a focus on identity security as organizations strive to create robust security perimeters.
Feedback from Partners
Feedback from industry partners, like Robert Miller from Sierra Cedar, indicates that Trend's solutions simplify security management. They appreciate how seamlessly Trend's implementations respond to threats, often before they occur.
Innovating for the Future
In response to increasing demand, Trend has introduced new tools for data security posture management (DSPM) and cloud infrastructure entitlement management (CIEM). These enhancements complement the Trend Vision One™ platform, fostering better risk management in multi-cloud environments.
About Trend Micro
Trend Micro is committed to making digital interactions safe through its AI-driven cybersecurity platform. With a workforce of 7,000 spread across 70 countries, the company provides a cohesive cybersecurity strategy that includes advanced threat defense techniques, optimizing security across major cloud platforms such as AWS, Microsoft Azure, and Google Cloud.
Frequently Asked Questions
What is CNAPP?
Cloud-Native Application Protection Platform (CNAPP) refers to a security framework designed to protect modern applications built in cloud environments.
Why is Trend Micro significant in cybersecurity?
Trend Micro is a leader in the cybersecurity space, known for its advanced tools and comprehensive solutions that safeguard organizations from evolving cyber threats.
What revenue growth did Trend Micro experience in 2023?
Trend Micro's CNAPP revenue reached $457.9 million in 2023, reflecting an 11.3% increase compared to the previous year.
How does Trend Vision One™ enhance security?
Trend Vision One™ provides centralized visibility and control, allowing for robust risk management, agentless detection, and real-time monitoring of cloud environments.
What recent developments has Trend Micro introduced?
Trend has recently launched new tools for data security posture management (DSPM) and cloud infrastructure entitlement management (CIEM) within its cloud security framework.
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