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|Leading Analyst Firm Ranks FireEye as Market-Leading Provider Of Specialized Threat Analysis and Protection to Combat Advanced Threats|
|Posted: Wed Nov 18, 2015 03:40:28 PM|
FireEye Retains Dominate Lead in STAP with 37.9 Percent Market Share For 2014, More Than Seven Times Nearest Competitor
MILPITAS, Calif.– November 18, 2015—FireEye, Inc. (NASDAQ: FEYE), the leader in stopping today's advanced cyber attacks, today announced that a new report from industry analyst IDC ranks the company as the dominate leader in the specialized threat analysis and protection (STAP) market. IDC reported that FireEye had 37.9 percent of the STAP market in 2014, more than seven times its nearest competitor.
According to IDC, the worldwide STAP security market rose to $930 million in 2014, an increase of 126.3 percent from 2013 and spending is forecasted to grow to over $3 billion by 2019, with a total market CAGR of 27.6 percent.
The report, Worldwide Specialized Threat Analysis and Protection Market Shares, 2014: Rapidly Evolving Security Defenses (October 2015, document #259667), examines the competitive market for this specialized security technology. IDC aimed to identify the market leaders and significant trends that will impact the broader market for security products and services. Security vendor products that fit into the STAP market must be sold as a dedicated product and purchased from customers to specifically address the problem of identifying custom malware.
“The specialized threat analysis and protection market is rapidly evolving, with established vendors adding STAP offerings that compete against a growing cadre of security start-ups,” said Robert Westervelt, research manager, Security Products, IDC. “The innovative security technologies in this market modernize many of the outdated approaches that attackers are easily bypassing today. Organizations are showing significant interest and adoption of STAP products to address the growing need for advanced threat detection.”
“Advanced attackers are transforming the threat landscape, and this report recognizes the companies taking the lead in addressing this challenge,” said Manish Gupta, senior vice of products at FireEye. “According to IDC, advanced threats are the ‘new normal,’ and organizations of all sizes and in all industries must realign their security budgets to protect their intellectual property and data. This report confirms that FireEye – with network, endpoint and cloud-based security products, powered by our MVX virtual machine detection engine – is the clear leader in helping customers build attack-resilient networks. When combined with our FireEye as a Service and advanced threat intelligence offerings, FireEye products reduce the time from security alert to remediation and mitigate the risks of an attack.”
A complimentary excerpt of the new IDC report is available here.