Sangfor Technologies (300454.SZ) proudly announces that it is one of the top 3 cybersecurity vendors by revenue for 2021 in the Asia Pacific region* based on the recently released Gartner Market Share: Security Software, Worldwide, 2021 report.[1] The Gartner report presents the security software revenue and market share of over 90 security software vendors across all security markets and all regions of the world.
Sangfor’s security products were included in the following three security subsegments of the report:
- Endpoint Protection Platform (Enterprise): Sangfor Endpoint Secure
- Secure Web Gateway: Sangfor IAG
- Other Security Software: Sangfor NGAF (Next-Gen Firewall), Sangfor Cyber Command (NDR), etc.
An APAC Leader
The Market Share report reveals Sangfor’s excellent results in a security market for 2021 that was worth $6.2B in total:
- Top 2 vendor in APAC (combination of the above subsegments)
- Top 3 vendor in APAC (all security subsegments)
- 61.30% revenue growth in the APAC security market
In recent years, Sangfor has pursued ambitious international expansion and deep localization strategies, with Asia Pacific the focus of attention. The region has seen a sharp increase in cyber security spending due to the growing need to protect digitally transforming businesses across various industries from cyber-attacks. Indonesia, in particular, has been on the receiving end of the most ransomware attacks in the world, and organizations are in urgent need of strengthening their network defense capabilities.
With professional teams, multiple offices, and trusted partners based in countries across the region, coupled with years of rich local experience, Sangfor is perfectly positioned to help users keep their businesses secure.
“We feel great results like these are the driving forces behind our continuous innovation and strive for excellence. Sangfor is committed to delivering users worldwide the industry’s leading products and services and fulfilling our mission to make your Digital Transformation Simpler and Secure,” says Kaden Zhang, President of Sangfor International Market.
Source
[1] Gartner, Inc., Market Share: Security Software, Worldwide, 2021, Shailendra Upadhyay et al., published 10 May 2022.
*The Asia Pacific region referred to in this article is a combination of Emerging Asia/Pacific, Mature Asia/Pacific, and Greater China regions in the Gartner report.
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