The global ransomware protection market size was US$ 17.3 billion in 2021. The global ransomware protection market size is estimated to reach US$ 71.6 billion by 2030, growing at a compound annual growth rate (CAGR) of 17.1% during the forecast period from 2022 to 2030.
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There have been several ransomware attacks on both private computers and even big companies’ computer systems. Downloading unchecked PDF attachments from unverified and anonymous emails often results in the interaction of computer systems or PC with ransomware. It delivers security against these ransomware attacks that use to hold data hostage unless a ransom is paid. It protects against attack and gives a blueprint for the trustworthy and quick continuity of normal processes.
Factors Influencing Market Growth
? The growth in penetration of cloud-based offerings and the rise in the need for ransomware security in healthcare, BFSI, and the government industry for security goals drive the expansion of the overall market growth.
? The increase in the use of cloud-based ransomware protection, owing to low prices and comfortable maintenance is anticipated to drive the overall market growth.
? The growth in the contest in user needs, businesses, cyber hazards, and project troubles improves the use of ransomware security services, which drives the expansion of the overall market.
? The use of ransomware protection solutions provides substantial advantages that can enhance how to notice and reply to cyber incidents. Moreover, it not only permits an improvement in cybersecurity, but it can also save money, time, and resources, which propels the overall market growth.
Effect of the COVID-19 Pandemic
COVID-19 had a positive influence on the overall market growth. The pandemic had impacted businesses around the globe. It has positively affected the use of ransomware protection owing to the lockdown implemented by governments of various nations. Also, the growth in cyber dangers such as ransomware invasions across sectors such as healthcare, BFSI, and government makes the need for ransomware protection solutions to achieve contactless processes securely and safely. Thus, driving the overall market expansion.
Regional Analysis
North America had the highest market share in 2021, due to a rise in the use of ransomware protection in healthcare and other industries to save data from violations as well as enhance processes, and consumer knowledge is anticipated to drive the overall market growth in the region.
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Leading Competitors
The prominent players in the global ransomware protection market are:
? Zscaler
? Trend Micro
? Symantec Corporation
? Sentinel One
? Kaspersky Lab
? Intel Security
? Sophos
? Malwarebytes
? Bitdefender
? Others
Segmentation Analysis
The global ransomware protection market segmentation focuses on Deployment Mode, Organization Size, Component, Application, Industry Vertical, and Region.
Segmentation on the basis of Deployment Mode
? On-premise
? Cloud
Segmentation on the basis of Organization Size
? Large Enterprises
? SME’s
Segmentation on the basis of Component
? Solution
? Services
Segmentation on the basis of Application
? Network protection
? Endpoint protection
? Email Protection
? Database protection
? Web protection
Segmentation on the basis of Industry Vertical
? Government and Defense
? IT and Telecom
? Others
? BFSI
? Retail
? Healthcare
? Education
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Segmentation on the basis of Region
? North America
? The U.S.
? Canada
? Mexico
? Europe
? Western Europe
? The UK
? Germany
? France
? Italy
? Spain
? Rest of Western Europe
? Eastern Europe
? Poland
? Russia
? Rest of Eastern Europe
? Asia Pacific
? China
? India
? Japan
? Australia & New Zealand
? ASEAN
? Rest of Asia Pacific
? Middle East & Africa (MEA)
? UAE
? Saudi Arabia
? South Africa
? Rest of MEA
? South America
? Brazil
? Argentina
? Rest of South America
Ransomware Protection Market Research Report Scenario includes:
>The report provides qualitative and quantitative trends of global Ransomware Protection Market across type, type of products, service, and geography.
>The report starts with the key takeaways, highlighting the key trends and outlook of the global Ransomware Protection Market.
>Provides the research methodology of the study.
>Further provides PEST analysis for each region.
>Highlights the key industry dynamics in the Ransomware Protection Market, including factors that are driving the market, prevailing deterrent, potential opportunities as well as future trends. Impact analysis of these drivers and restraints is also covered in this section.
>Discusses the global Ransomware Protection Market scenario, in terms of historical market revenues, and forecast till the year 2031.
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