Italy has become the second European country cautioning against the usage of Kaspersky anti-virus software in the public sector this week. On March 15, Germany's federal agency Federal Office for Information Security (BSI) issued a similar warning, citing concerns about the government of Russia coercing the Russian company to hack into connected systems in light of the invasion of Ukraine. While this risk shouldn't be downplayed, corporate endpoint protection is firmly in the hands of other players as our chart shows.
According to data by IDC, CrowdStrike and Trend Micro, the latter is the world leader in corporate endpoint protection with a market share of 10.5 percent. The Japanese company reported revenues of $1.5 billion and a net income of $225 million for the year 2020. Coming in second is CrowdStrike, which specializes in cloud security and went public in June of 2019, securing an initial valuation of $7 billion which now sits at $48 billion. Anti-virus mainstays McAfee, which was founded in 1987 and went private again this March, and Broadcom's Symantec brand place third and fourth, respectively, in the ranking.
Kaspersky, on the other hand, is lumped in with the 45.8 percent of other endpoint security providers in the corporate sector, signifying a share of less than 4.5 percent of the market. The Russian company, which criticized the BSI's warning as politically motivated, generated revenues of $704 million in 2020, a year-over-year increase of three percent. Overall, the revenue with information security products and services stood at about $134 billion worldwide according to data aggregated by Gartner.