Kaspersky Lab outperforms whole security market in 2014: IDC

Cyber Security

International Data Corporation said Kaspersky Lab has grown faster than the whole security market in 2014.

In a report, IDC noted that worldwide revenue for all endpoint security vendors increased by 2.6 percent in 2014, while Kaspersky Lab’s revenue was up 6.5 percent.

The report also showed that worldwide revenues for endpoint security vendors reached a total of $9.0 billion in 2014, with four endpoint security vendors achieving revenues in excess of $700 million. Between them, these vendors account for 64 percent of total revenues.

Kaspersky Lab is one of them, holding fourth position with revenues of $710.6 million. In 2014, the company’s earnings grew by 6.5 percent and captured a 7.9 percent share of the market.

Kaspersky Lab was also ranked fourth in 2013, when earnings increased by 6.1 percent, with revenues of $667 million.

In addition, Kaspersky Lab is named a notable gainer by IDC for its growing share of the consumer endpoint security market.

This segment grew merely 1 percent worldwide in 2014, while Kaspersky Lab’s share grew by more than 9 percent. The low overall growth of the segment is associated largely with declining shipments of PCs.

“We are very glad to have been named by IDC as one of the notable gainers. Endpoint security has always been the core of our business, especially in the consumer and small-to-medium-sized business segments,” said Garry Kondakov, Chief Business Officer, Kaspersky Lab.

Arya MM

[email protected]

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