The Global Ransomware Protection Market was valued at USD 8.35 billion in 2016 and is projected to reach USD 33.21 billion by 2025, growing at a CAGR of 16.58% from 2017 to 2025.
Ransomware is a type of malicious software from crypto virology that threatens to publish the victim’s data or perpetually block access to it unless a ransom is paid. Ransomware protection system ensures several benefits for organizations that include – patch and vulnerability management, application control, privilege management, file and removable media protection, and remediation of running ransomware. Market Dynamics:
1. Market Drivers
1.1 Adoption of multi-layered security systems
1.2 Increasing adoption of threat intelligence among enterprises
1.3 Evolution of ransomware-as-a-service model
1.4 Rising phishing attacks and targeted security breaches
1.5 Increasing demand for data backup and recovery solutions
2. Market Restraints
2.1 Increasing ransom amount
2.2 Lack of technical expertise for ransomware market
2.3 Free availability of endpoint security solutions for ransomware protection
The Global Ransomware Protection Market is segmented on the application, organization size, component, deployment model, vertical, and region.
The major players in the market are as follows:
1. Sophos Group PLC
3. Intel Security Ã¢â‚¬â€œ McAfee
4. Symantec Corporation
6. Trend Micro, Inc.
7. Kaspersky Lab
8. Fireeye, Inc.
10. Zscaler, Inc.
These major players have adopted various organic as well as inorganic growth strategies such as mergers & acquisitions, new product launches, expansions, agreements, joint ventures, partnerships, and others to strengthen their position in this market.
Research study on the Global Ransomware Protection Market was performed in five phases which include Secondary research, Primary research, subject matter expert advice, quality check and final review.
The market data was analyzed and forecasted using market statistical and coherent models. Also, market shares and key trends were taken into consideration while making the report. Apart from this, other data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Top to Bottom Analysis and Vendor Share Analysis.
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