Ransomware Protection Market: Global Industry Analysis and Outlook, Market Share, Market Trends

Ransomware Protection Market size was valued at US$ 48.06 Bn. in 2020 and the total revenue is expected to grow at 16.52% through 2021 to 2027, reaching nearly US$ 140.15 Bn.

Ransomware Protection Market Overview:

Ransomware is a type of crypto virology malware that threatens to permanently unlock or prevent access to victim data if a ransom is not paid. While some simple ransomware can encrypt files and make them inaccessible, more advanced software uses a tactic known as crypto viral extortion, which encrypts data and renders them inaccessible, then demands ransom payments to recover them. For identifying and restricting payment, ransomware protection is necessary. This not only safeguards and protects the systems, but also the data. Ransomware assaults are typically carried out via a Trojan that appears to be a real file that the user can download or open when an email attachment comes. Ransomware Protection Market To know about the Research Methodology :- Request Free Sample Report 2020 is considered as a base year to forecast the market from 2021 to 2027. 2020's market size is estimated on real numbers and outputs of the key players and major players across the globe. Past five years' trends are considered while forecasting the market through 2027. 2020 is a year of exception and analyzed especially with the impact of lockdown by region.

Global Ransomware Protection Market Dynamics:

Anti-malware demand is high and inclining over the forecast period, as ransomware protection is an important factor for both impacted and threatened consumers. The most popular and widely adopted method of defending against cyber threats is to use a threat intelligence service. The global ransomware protection market is expected to grow over the forecast period as a result of their increasing demand for a cyber-threat solution. Most businesses rely heavily on cyber threat solutions because they are effective and successful in detecting and countering advanced cyber threats and ransomware threats. This also decreases cyber risks from safety issues and security breaches in the context of organizational risk management. Additionally, one of the elements driving the global ransomware protection market is a solution for a secure web gateway. Increasing R&D spending for anti-malware protection technologies would also help the product business flourish. Workplace digitization is accelerating at a breakneck rate, especially in the Asia Pacific area, which is the perfect illustration of a mobile-first, cloud-first' region. While this may result in more ransomware assaults, it also opens up a world of possibilities for the mainstream adoption of cloud-based security solutions. Other areas are expected to follow the Asia Pacific lead in terms of cloud-based ransomware prevention software usage. One of the market's limitations is a lack of understanding and the use of outmoded cyber security methods; this danger can grow when cloud technology enters the picture. Recent ransomware outbreaks such as WannaCry and Petya have prompted a greater focus on internet security, with small and medium-sized organizations investing in cloud-based security. BYOD, or bring your own device, has become increasingly popular among businesses throughout the world, in keeping with the 'cloud-first, mobile first' society users currently live in. When it comes to ransomware assaults, these machines are frequently defenseless. While devices like thermostats and connected cameras may not be immediately affected by ransomware, they can readily serve as a point of entry for ransomware attacks that travel to the cloud. Employees prefer BYOD policies because of their ease and flexibility, but they also pose serious security risks to businesses. BYOD can have a direct influence on cloud computing security if Mobile Device Management or VPNs are not strictly implemented. Ransomware Protection Market

Global Ransomware Protection Market Segment Analysis:

The global ransomware protection market is segmented by Component, Application, Deployment Mode, Organization Size, and Vertical. Based on the Deployment Mode, the global ransomware protection market is sub-segmented into Cloud and On-Premise. The Cloud segment held the largest market share of xx% in 2020. Cloud storage is sometimes not immune to ransomware and is not without flaws. Ransomware can potentially harm cloud storage, especially if cloud storage providers do not use anti-ransomware technology on a proactive basis. In reality, ransomware has the potential to affect any internet-connected strategy. This comprises Internet of Things devices such as security thermostats, cameras, and doorbells, as well as PCs, file, email, and data servers, and cloud-based servers that act as cloud storage. Anti-ransomware security software can also be installed on all devices, including cloud servers and cloud storage. In the event of a ransomware attack, the software should provide redundancy and failover protection. Organizations must also have policies and procedures for data backup and retrieval that are adopted and performed. As part of those disaster recovery procedures, they should also back up all data regularly. Based on the Vertical, the global ransomware protection market is sub-segmented into Government & Defense, IT & Telecom, BFSI, Education, Healthcare, Retail, Energy & Utilities, and Others. The BFSI segment held the largest market share of xx% in 2020. The BFSI vertical represents businesses that provide customers with a wide range of financial products and services. Commercial banks, banking institutions, insurance agencies, exchanges, cooperatives, mutual funds, pension funds, and other financial institutions fall within this category. Because of the high-value business functions they perform, the BFSI sector has always been a prominent target for hackers. The rise of cryptocurrencies such as Bitcoin has encouraged the rise of ransomware assaults in this industry. Some of the leading suppliers providing ransomware protection solutions to the BFSI vertical are FireEye, Trend Micro, Sophos, Intel Security, and Symantec Corporation. Retail held the 2nd largest market share of xx% in 2020. In the present era, ransomware is one of the top five cyber threats facing retailers. Customers' confidential material, such as credit card and debit card numbers, as well as other vital business-relevant data, is rapidly becoming a target for ransomware. Ransomware Protection Market

Global Ransomware Protection Market Regional Insights:

North America held the largest market share of xx% in 2020. Infiltration and cyber-attacks are common in the region. For example, the SamSam ransomware was used to assault Atlanta's IT infrastructure by invading the network, disguising its presence while harvesting passwords, and then locking up many devices. It resulted in the complete closure of online city services, as well as a clean-up and response cost of at least US $2.6 million. There has been an increase in threats from other countries attempting to disrupt the United States critical infrastructure. WannaCry was one such target ransomware, and Park Jin-hook, a North Korean national, was charged with being a part of the WannaCry attack on behalf of the North Korean government. As a result of these activities, businesses have been driven to improve their security segment and reinforce their IT security by updating their services. Asia Pacific is expected to grow at the highest CAGR of 19.7% during the forecast period. As a result of growing economies such as China, India, and Australia investing extensively in cyber security solutions. The objective of the report is to present a comprehensive analysis of the global Ransomware Protection Market to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants. PORTER, PESTEL analysis with the potential impact of micro-economic factors of the market has been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers. The reports also help in understanding the global Ransomware Protection Market dynamic, structure by analyzing the market segments and projecting the global Ransomware Protection Market size. Clear representation of competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence in the global Ransomware Protection Market make the report investor’s guide.

Global Ransomware Protection Market Scope: Inquiry Before Buying

Global Ransomware Protection Market
Report Coverage Details
Base Year: 2020 Forecast Period: 2021-2027
Historical Data: 2016 to 2020 Market Size in 2020: US $ 48.06 Bn.
Forecast Period 2021 to 2027 CAGR: 16.52 % Market Size in 2027: US $ 140.15 Bn.
Segments Covered: by Component • Solution oStandalone anti-ransomware software oApplication control oSecure web gateways oIDS/IPS oThreat intelligence oWeb filtering oOthers • Service oProfessional Services oTraining and Education oConsulting oSupport and Maintenance oManaged Services
by Application • Network protection • Email protection • Endpoint protection • Web protection • Database protection
by Deployment Mode • Cloud • On-Premise
by Organization Size • Large Enterprises • SMEs
by Vertical • Government & Defense • IT & Telecom • BFSI • Education • Healthcare • Retail • Energy & Utilities • Others

Global Ransomware Protection Market, by Region

• North America • Europe • Asia Pacific • South America • The Middle East and Africa

Global Ransomware Protection Market Key Players

Bitdefender • Fireeye, Inc. • Intel Security (Mcafee) • Kaspersky Lab • Malwarebytes • Sentinelone • Sophos Group Plc • Symantec Corporation • Trend Micro, Inc. • Zscaler, Inc. • IT service providers • Managed Security Service Providers • System integrators • Value-Added Resellers • AO Kaspersky Lab Frequently Asked Questions: 1] What segments are covered in the Global Ransomware Protection Market report? Ans. The segments covered in the ransomware protection market report are based on component, application, deployment mode, organization size, and vertical. 2] Which region is expected to hold the highest share in the Global Ransomware Protection Market? Ans. North America is expected to hold the highest share in the global ransomware protection market. 3] What is the market size of the Global Ransomware Protection Market by 2027? Ans. The market size of the global ransomware protection market is expected to reach US $ 140.15 Bn. by 2027. 4] Who are the top key players in the Global Ransomware Protection Market? Ans. Bitdefender, Fireeye, Inc., Intel Security (Mcafee), Kaspersky Lab, Malwarebytes, and SentinelOne are the top key players in the global Ransomware Protection Market. 5] What was the market size of the Global Ransomware Protection Market in 2020? Ans. The market size of the global Ransomware Protection Market in 2020 was US $ 48.06 Bn.
1. Global Ransomware Protection Market: Research Methodology 2. Global Ransomware Protection Market: Executive Summary 2.1 Market Overview and Definitions 2.1.1. Introduction to Global Ransomware Protection Market 2.2. Summary 2.1.1. Key Findings 2.1.2. Recommendations for Investors 2.1.3. Recommendations for Market Leaders 2.1.4. Recommendations for New Market Entry 3. Global Ransomware Protection Market: Competitive Analysis 3.1 MMR Competition Matrix 3.1.1. Market Structure by region 3.1.2. Competitive Benchmarking of Key Players 3.2 Consolidation in the Market 3.2.1 M&A by region 3.3 Key Developments by Companies 3.4 Market Drivers 3.5 Market Restraints 3.6 Market Opportunities 3.7 Market Challenges 3.8 Market Dynamics 3.9 PORTERS Five Forces Analysis 3.10 PESTLE 3.11 Regulatory Landscape by region • North America • Europe • Asia Pacific • The Middle East and Africa • Latin America 3.12 COVID-19 Impact 4. Global Ransomware Protection Market Segmentation 4.1 Global Ransomware Protection Market, by Component (2020-2027) • Solutions o Planning and Execution o Order Management o Audit, Payment, and Claims o Reporting and Analytics o Routing and Tracking • Services o Consulting o Integration and Implementation o Support and Maintenance 4.2 Global Ransomware Protection Market, by Deployment Mode (2020-2027) • Cloud • On-premises 4.3 Global Ransomware Protection Market, by Organization Size (2020-2027) • Large Enterprises • SMEs 4.4 Global Ransomware Protection Market, by Application (2020-2027) • Network protection • Email protection • Endpoint protection • Web protection • Database protection 4.5 Global Ransomware Protection Market, by Vertical (2020-2027) • Government & Defense • IT & Telecom • BFSI • Education • Healthcare • Retail • Energy & Utilities • Others 5. North America Ransomware Protection Market (2020-2027) 5.1 Global Ransomware Protection Market, by Component (2020-2027) • Solution o Standalone anti-ransomware software o Application control o Secure web gateways o IDS/IPS o Threat intelligence o Web filtering o Others • Service o Professional Services o Training and Education o Consulting o Support and Maintenance o Managed Services 5.2 Global Ransomware Protection Market, by Deployment Mode (2020-2027) • Cloud • On-premises 5.3 Global Ransomware Protection Market, by Organization Size (2020-2027) • Large Enterprises • SMEs 5.4 Global Ransomware Protection Market, by Application (2020-2027) • Network protection • Email protection • Endpoint protection • Web protection • Database protection 5.5 Global Ransomware Protection Market, by Vertical (2020-2027) • Government & Defense • IT & Telecom • BFSI • Education • Healthcare • Retail • Energy & Utilities • Others 5.6 North America Ransomware Protection Market, by Country (2020-2027) • United States • Canada • Mexico 6. Asia Pacific Ransomware Protection Market (2020-2027) 6.1. Asia Pacific Ransomware Protection Market, by Component (2020-2027) 6.2. Asia Pacific Ransomware Protection Market, by Deployment Mode (2020-2027) 6.3. Asia Pacific Ransomware Protection Market, by Organization Size (2020-2027) 6.4. Asia Pacific Ransomware Protection Market, by Application (2020-2027) 6.5. Asia Pacific Ransomware Protection Market, by Vertical (2020-2027) 6.6. Asia Pacific Ransomware Protection Market, by Country (2020-2027) • China • India • Japan • South Korea • Australia • ASEAN • Rest Of APAC 7. The Middle East and Africa Ransomware Protection Market (2020-2027) 7.1 The Middle East and Africa Ransomware Protection Market, by Component (2020-2027) 7.2. The Middle East and Africa Ransomware Protection Market, by Deployment Mode (2020-2027) 7.3. The Middle East and Africa Ransomware Protection Market, by Organization Size (2020-2027) 7.4. The Middle East and Africa Ransomware Protection Market, by Application (2020-2027) 7.5. The Middle East and Africa Ransomware Protection Market, by Vertical (2020-2027) 7.6. The Middle East and Africa Ransomware Protection Market, by Country (2020-2027) • South Africa • GCC • Egypt • Nigeria • Rest Of ME&A 8. Latin America Ransomware Protection Market (2020-2027) 8.1. Latin America Ransomware Protection Market, by Component (2020-2027) 8.2. Latin America Ransomware Protection Market, by Deployment Mode (2020-2027) 8.3. Latin America Ransomware Protection Market, by Organization Size (2020-2027) 8.4. Latin America Ransomware Protection Market, by Application (2020-2027) 8.5. Latin America Ransomware Protection Market, by Vertical (2020-2027) 8.6. Latin America Ransomware Protection Market, by Country (2020-2027) • Brazil • Argentina • Rest Of Latin America 9. European Ransomware Protection Market (2020-2027) 9.1. European Ransomware Protection Market, by Component (2020-2027) 9.2. European Ransomware Protection Market, by Deployment Mode (2020-2027) 9.3. European Ransomware Protection Market, by Organization Size (2020-2027) 9.4. European Ransomware Protection Market, by Application (2020-2027) 9.5. European Ransomware Protection Market, by Vertical (2020-2027) 9.6. European Ransomware Protection Market, by Country (2020-2027) • UK • France • Germany • Italy • Spain • Sweden • Austria • Rest Of Europe 10. Company Profile: Key players 10.1. Bitdefender 10.1.1. Company Overview 10.1.2. Financial Overview 10.1.3. Global Presence 10.1.4. Capacity Portfolio 10.1.5. Business Strategy 10.1.6. Recent Developments 10.2. Fireeye, Inc. 10.3. Intel Security (Mcafee) 10.4. Kaspersky Lab 10.5. Malwarebytes 10.6. SentinelOne 10.7. Sophos Group Plc 10.8. Symantec Corporation 10.9. Trend Micro, Inc. 10.10. Zscaler, Inc. 10.11. IT service providers 10.12. Managed Security Service Providers 10.13. System integrators 10.14. Value-Added Resellers 10.15. AO Kaspersky Lab

About This Report

Report ID 6846
Category Information Technology & Telecommunication
Published Date Nov 2019
Updated Date Jan 2022
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