Kaspersky Lab Grew Faster Than The Market
International Data Corporation (IDC) has examined the consumer and corporate endpoint security market and issued a report based on the data for 2014. According to this, Kaspersky Lab is growing faster than the market as a whole: worldwide revenues for all endpoint security vendors increased by 2.6% in 2014, while Kaspersky Lab’s revenues grew by 6.5%.
The report shows 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% 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% and captured a 7.9% share of the market. Kaspersky Lab was also ranked fourth in 2013, when earnings increased by 6.1%, 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 a paltry 1% worldwide in 2014, while Kaspersky Lab’s share grew by more than 9%. The low overall growth of the segment is associated largely with declining shipments of PCs.
Garry Kondakov, Chief Business Officer, Kaspersky Lab, commented: “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. We will continue to provide best in class solutions for them. At the same time, over the next few years, we expect one of our main growth drivers to be in the enterprise segment, particularly in the non-endpoint security area. Our customers’ needs have changed in line with the evolution of the threat landscape and the rise of targeted attacks. Kaspersky Lab’s global cybersecurity intelligence and advanced technologies can help them to address the most sophisticated threats. In the near future we will expand our enterprise portfolio with security solutions and services that extend beyond classic endpoint security, in accordance with our long-term strategic plan.”