Comparing the current results to its competitors, Mimecast Limited reported Revenue increase in the 3 quarter 2021 by 16.94 % year on year. The sales growth was above Mimecast Limited's competitors' average revenue growth of 4.1 %, achieved in the same quarter.
Mimecast Limited Net Income in the 3 quarter 2021 grew year on year by 28.07%, faster than the Mimecast Limited's competitors average income growth of 7.19 %
Mimecast Limited's Comment on Competition and Industry Peers
Our market is large, highly competitive, fragmented, and subject to rapidly evolving
technology and security threats, shifting customer needs and frequent introductions
of new products and services. We do not believe that any specific competitor offers
the fully unified service and integrated technology that we do. However, we do
compete with companies that offer products that target email and data security,
continuity and archiving, as well as large providers such as Google Inc. and Microsoft
Corporation, who offer functions and tools as part of their core mailbox services
that may be, or be perceived to be, similar to our offerings. Our current and
potential future competitors include: Barracuda Networks, Inc., Google, Microsoft
Exchange® Online Protection, Proofpoint, Inc., Symantec Corporation and Cisco
Systems Inc., in security, and EMC, Microsoft Office 365®, Veritas Technologies
LLC and Barracuda in archiving. Some of our current and future competitors may
have certain competitive advantages such as greater name recognition, longer operating
history, larger market share, larger existing user base and greater financial,
technical and other resources. Some competitors may be able to devote greater
resources to the development, promotion and sale of their products than we can
to ours, which could allow them to respond more quickly than we can to new technologies,
threats and changes in customer needs. We cannot provide any assurance that our
competitors will not offer or develop products or services that are superior to
ours or achieve greater market acceptance.
The principal competitive factors in our market include, but are not limited
to:
reliability and effectiveness in protecting, detecting and responding to cyberattacks;
scalability and multi-tenancy of our system;
breadth and unification of our services;
cloud-only delivery;
total cost of ownership;
speed, availability and reliability;
integration into office productivity, desktop and mobile tools;
speed at which our services can be deployed;
ease of user experience for IT administrators and employees; and
superior customer service and commitment to customer success.
We believe that we compete favorably on the basis of these factors. Our ability
to remain competitive will depend to a great extent upon our ongoing performance
in the areas of product and cloud architecture development, core technical innovation,
channel management and customer support.
Overall company sales advanced by 16.94 % Mimecast Limited outperformed its competitors in this segment and improved market share, to approx. 0.53 %. << More on MIME Market Share.
*Market share is calculated based on total revenue.
Akamai Technologies Inc operates as a content delivery network (CDN) provider, offering services that optimize the delivery of web content to end-users by distributing it across a network of servers located globally. Their business model focuses on improving website performance, cybersecurity, and media delivery to enhance user experience and ensure a secure online environment.
Varonis Systems Inc is an information technology company that specializes in providing software solutions for data security and management. They offer products and services that help organizations protect and manage their data more effectively, ensuring both secure access and regulatory compliance.
Splunk Inc operates on a software-as-a-service (SaaS) business model that helps organizations analyze and monitor their machine-generated big data in real-time. Their platform enables customers to gain insights, troubleshoot issues, and make data-driven decisions through their powerful search, monitoring, and analysis capabilities. With a focus on delivering value to enterprises across various industries, Splunk generates revenue through subscriptions, licenses, and professional services.
Sources:
Mimecast Limited’s official press releases and regulatory filings; CSIMarket.com’s market research; and the financial filings and press releases of other companies cited in this report.
Updated on:
Focus of this report: publicly traded companies.
For your research, we’ve provided 10 tables on Mimecast Limited versus competitors, including market share analysis.
You can find them in the navigation menu under Competition.
To download the tables, please subscribe.
Intraday data delayed per exchange requirements. All quotes are in local exchange time. Intraday data delayed 15 minutes for Nasdaq, and other exchanges. Fundamental and financial data for Stocks, Sector, Industry, and Economic Indicators provided by CSIMarket.com
Disclaimer: Information provided by CSIMarket.com is for informational purposes only and does not constitute investment advice, recommendation, or solicitation to buy or sell any security.
