Trend Micro, a global leader in cybersecurity, has cemented its reputation as a trusted partner for businesses worldwide, retaining its #1 position in the Cloud-Native Application Protection Platform (CNAPP) market, according to the latest IDC report.
Trend Micro recorded global CNAPP revenue of $457.9 million, marking an 11.3 percent year-over-year growth, IDC said in the 2023 Worldwide Cloud-Native Application Protection Platform Market Shares report.
The other suppliers in the cloud-native application protection platform market are Microsoft (10.2 percent share), Palo Alto Networks (9.7 percent), Crowdstrike (8 percent), Broadcom (5.3 percent) and Check Point (4.8 percent) in 2023.
The cloud–native application protection platform (CNAPP) market surged 31.5 percent to $3.5 billion in 2023.
Microsoft has generated cloud-native application protection platform revenue of $356.1 million (up 108.5 percent) against $340 million (up 46 percent) by Palo Alto Networks, $280 million (up 81.5 percent) by Crowdstrike, $184 million (up 20.2 percent) by Broadcom, $168.4 million (20.1 percent) by Check Point and $132.9 million (up 23.1 percent) by Fortinet in 2023.
As organizations increasingly move to hybrid and multi-cloud environments, the need for robust cloud security becomes critical. Cybercriminals continue to exploit vulnerabilities in IT infrastructure, creating a pressing need for solutions that manage complex security requirements.
Trend Micro’s Vision One platform addresses challenges by providing comprehensive cloud risk management, agentless detection, and real-time monitoring, making it a go-to solution for businesses globally.
Sharda Tickoo, Country Manager for India & SAARC at Trend Micro, emphasizes the company’s role in shaping the CNAPP market: “We continue to lead by example, solving customer pain points with robust security solutions.”
Trend Micro’s platform stands out by offering centralized visibility, control, and risk prioritization across hybrid and multi-cloud environments. It consolidates tools like Cloud Security Posture Management (CSPM), Cloud Workload Protection (CWP), and Cloud Infrastructure Entitlement Management (CIEM) into a single solution. This approach eliminates cloud security silos, a key concern for businesses seeking simplicity in managing their cloud security.
According to Robert Miller, VP of Corporate Security at Sierra Cedar, “Trend Micro solutions just work out of the box. By the time we hear about a threat, Trend has already implemented the functionality or added the alert.”
With the launch of new tools like Data Security Posture Management (DSPM) and CIEM, Trend Micro is staying ahead of evolving cybersecurity demands, helping businesses protect their growing attack surface and maintain a secure cloud infrastructure. This comprehensive approach is why customers trust Trend Micro to safeguard their critical assets across multi-cloud environments.
for CNAPP integration, innovation, and competition in 2024 and beyond,” Philip Bues, senior research manager, Cloud Security, IDC, said.
