Global Ransomware Protection Market 2021 is expected to register a CAGR of 16.34%, during forecast period with Impact of Covid 19 Analysis

Ransomware

Global “Ransomware Protection Market” Report 2021 (value and volume) by company, regions, product types, end industries, history data and estimate data. Also, Report contains a comprehensive analysis of the important segments like market opportunities, import/export details, market dynamics, key manufacturers, growth rate, and key regions. This report focuses on the Ransomware Protection in the Global market, especially in the United States, Europe, China, Japan, South Korea, North America, India. Ransomware Protection Market report categorizes the market based on manufacturers, regions, type, and application. Ransomware Protection Market reports offer a detailed assessment of the Ransomware Protection including enabling technologies, current market situation, market assumptions, restraining factors.

The Global Ransomware Protection market swot is provided for the international markets including progress trends, competitive landscape breakdown, and key in regions development status. Development policies and plans are discussed as well as manufacturing processes and cost structures are also analyzed.

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Ransomware Protection Market was worth USD 9.98 billion in 2017 and is projected to grow to USD 24.74 billion by 2023 at a CAGR of 16.34% during the period, 2018 – 2023. The report discusses the deployment mode of solutions and their applications. While the regions considered in the scope of the report include North America, Europe, and various others. The study also emphasizes on how the emergence of ransomware as a service model is changing the market scenario.

The global ransomware protection market is set to witness a significant growth rate in the near future, owing to the growing demand of ransomware protection in recent years as a service. The advent of crypto currencies, such as Bitcoin, has increased the demand of ransomware protection solutions as most of the ransom is demanded in the form of crypto currencies only due to their untraceable nature. Moreover, the industry is influenced by technological developments and has seen the advent of ransomware protection solutions for mobile devices too, apart from PCs.

Increasing Number of Phishing Attacks and Security Breaches Drives the Market

According to a report, the year 2016 saw an increased number of ransomware attacks as 1.2 million phishing attacks were observed, making it the worst year in phishing history. The attackers target the databases and business grid systems through phishing campaigns or malwares of big organizations so that the payoffs can be higher. The first quarter of 2016 saw USD 209 million being paid as payoffs and the number is expected to increase during the next three quarters. The most prominent example could be the attack on HBOs servers in 2017, which resulted in stealing of 1.5TB of data. The data contained organization’s internal mails, financial reports, and unreleased episodes of various famous television series. The increasing number of attacks is expected to drive the ransomware protection market.

Cloud Based Protection to Have the Highest Growth Rate

The cloud-based solutions are anticipated to have a high growth potential, as it is a nascent solution for the market and due to its increasing adoption among organizations. Cloud-based solutions push the threat away from the perimeter of company’s network. It makes the threat much easier to detect, deflect, and eliminate the ransomware attacks far outside the company’s extended network perimeter before they take control. This method is considered more flexible, agile, and adaptive to update the security protocols of a company. These factors are expected to carry the market forward.

North America is the Market Leader

The business organizations in this region are highly targeted by the attackers to extort money. The region is home to many if the is leading players across industry verticals and has some of the biggest film & television production houses too. U.S is having the highest number of crypto currency technology users, increasing the chances of ransomware attacks. The FBI received over 2,400 complains related to ransomware in 2016, which costed the victims USD 24 million. Thus, increasing the demand of ransomware protection solutions in the region.

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The global Ransomware Protection market covers the vision of participant analysis by product types, market share, applications, sales, and revenue.

Ransomware Protection Market Report covers the Top Key-players in 2021:-

  • Intel Security (McAfee)
  • AO Kaspersky Lab
  • Bitdefender
  • Fireeye
  • Inc.
  • Malwarebytes
  • Sentinelone
  • Sophos Ltd.
  • Symantec Corporation
  • Trend Micro
  • Inc.
  • Zscaler
  • Inc.

Highlighted points of Ransomware Protection Market Size:

  • Covers the varying market dynamics of the industry.
  • In-depth analysis of market risks, opportunities, limitations, and growth of the market.
  • Includes market driving and restraining factors.
  • Participants profiles along with product description, overview, and business data.
  • Include details of five years of forecast analysis by types, regions, and applications.

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This Ransomware Protection Market Research/analysis Report Contains Answers to your following Questions

  • Which Manufacturing Technology is Used for Ransomware Protection? What Developments Are Going On in That Technology? Which Trends Are Causing These Developments?
  • Who Are the Global Key Players in This Ransomware Protection Market? What’s Their Company Profile, Their Product Information, Contact Information?
  • What Was Global Market Status of Ransomware Protection Market? What Was Capacity, Production Value, Cost and PROFIT of Ransomware Protection Market?
  • What Is Current Market Status of Ransomware Protection Industry? What’s Market Competition in This Industry, Both Company, and Country Wise? What’s Market Analysis of Ransomware Protection Market by Taking Applications and Types in Consideration?
  • What Are Projections of Global Ransomware Protection Industry Considering Capacity, Production and Production Value? What Will Be the Estimation of Cost and Profit? What Will Be Market Share, Supply and Consumption? What About Import and Export?
  • What Is Ransomware Protection Market Chain Analysis by Upstream Raw Materials and Downstream Industry?
  • What Is Economic Impact On Ransomware Protection Industry? What are Global Macroeconomic Environment Analysis Results? What Are Global Macroeconomic Environment Development Trends?
  • What Are Market Dynamics of Ransomware Protection Market? What Are Challenges and Opportunities?
  • What Should Be Entry Strategies, Countermeasures to Economic Impact, Marketing Channels for Ransomware Protection Industry?

Key Developments in the Ransomware Protection Market:

  • May 2017 – McAfee launched a new tool called Ransomware Interceptor. It is an early detector tool that prevents file encryption attempts by ransomware malware. The tool uses machine learning and heuristics to identify such malware. It later launched an updated version, which was having WannaCry ransomware malware infections detection
    The m

    Reasons to Purchase this Report

  • Analyzing the use of crypto currencies as payment method and its effects on market scenario
  • Analyzing various perspectives of the market with the help of Porter’s five forces analysis
  • The deployment mode and application that are expected to dominate the market
  • The region that is expected to witness fastest growth during the forecast period
  • Identifying the latest developments, market shares, and strategies employed by the major market players
  • 3-month analyst support, along with the Market Estimate sheet (in Excel)

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    Finally, the report Global Ransomware Protection Market 2021 describes the Ransomware Protection industry expansion game plan, the Ransomware Protection industry knowledge supply, appendix, analysis findings, and the conclusion.

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