Ransomware Protection Market By Component (Solution, Services), By Deployment Mode (On-premise, Cloud), By Organization size (Large Enterprises, SME's), By Application (Network protection, Endpoint protection, Email protection, Database protection, Web protection), By Industry Vertical (BFSI, Retail , Healthcare, Education, Government and Defense, IT and Telecom, Others): Global Opportunity Analysis and Industry Forecast, 2021-2031
Ransomware is one of the forms of malicious software designed to block access to a victim data until a sum of money is paid. Although some simple ransomware can lock the device in a way that is not difficult to unlock by an expert, more complicated malware uses a method known as crypto-viral extortion, which encrypts and makes inaccessible victims' files before demanding ransom payments to recover them. Majority of the ransomware are spread via illegal URLs or email attachments. These ransomware breaches are easily overcome through traditional security solutions such as firewalls or antivirus software that may be installed. As a result, businesses are increasingly looking for non-traditional solutions to prevent future ransomware attacks. Furthermore, as organizations are shifting their operations over the cloud, key players actively involved in the ransomware protection market will have to make the resultant shift. Furthermore, start-ups have often come forward with innovative solutions as that are not tied down by legacy software and can seamlessly shift to emerging technologies such as cloud computing.
Rise in penetration of ransomware-as-a-service (RaaS) is a major factor contributing toward the growth of the global ransomware protection market. In addition, rapid digitization in businesses and advent of cryptocurrencies such as Bitcoin drive the growth of the market. However, lack of professional and awareness regarding cyberattacks and high cost of innovation and budget constraints hamper the market growth. On the contrary, surge in demand for multi-layer security across enterprises as well as increase in adoption for cloud-based services are expected to provide lucrative growth opportunities for the market expansion in the upcoming years.
The global ransomware protection market is segmented into component, deployment mode, application, organization size, industry vertical, and region. By component, the market is bifurcated into solution and services. On the basis of deployment mode, it is divided into cloud and on-premises. Depending on application, it is categorized into network protection, endpoint protection, email protection, database protection, and web protection. As per industry vertical, it is segregated into BFSI, retail, education, IT & telecom, healthcare, government & defense, and others. According to organization size, it is fragmented into SMEs and large enterprises. Region wise, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
The key players operating in the ransomware protection market include Bitdefender, Cisco systems Inc., Intel Corporation, Kaspersky Lab, MacAfee LLC, Microsoft corporation, SentinelOne, Sophos Group PLC, Symantec corporation, and Trend micro incorporated. These major players have adopted various development strategies such as business expansion, new product launches, and partnerships, which help to drive the growth of the ransomware protection market globally.
Key Benefits For Stakeholders
This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the ransomware protection market analysis from 2021 to 2031 to identify the prevailing ransomware protection market opportunities.
The market research is offered along with information related to key drivers, restraints, and opportunities.
Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
In-depth analysis of the ransomware protection market segmentation assists to determine the prevailing market opportunities.
Major countries in each region are mapped according to their revenue contribution to the global market.
Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
The report includes the analysis of the regional as well as global ransomware protection market trends, key players, market segments, application areas, and market growth strategies.
Key Market Segments
By Deployment Mode
On-premise
Cloud
By Organization size
Large Enterprises
SME's
By Component
Solution
Services
By Application
Network protection
Endpoint protection
Email protection
Database protection
Web protection
By Industry Vertical
Government and Defense
IT and Telecom
Others
BFSI
Retail
Healthcare
Education
By Region
North America
U.S.
Canada
Europe
United Kingdom
Germany
France
Italy
Spain
Rest of Europe
Asia-Pacific
China
India
Japan
Australia
South Korea
Rest of Asia-Pacific
LAMEA
Latin America
Middle East
Africa
Key Market Players
Malwarebytes
Bitdefender
FireEye
Intel Security
Kaspersky Lab
SentinelOne
Sophos
Symantec Corporation
Trend Micro
Zscaler
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