Ransomware threat encountered by an organization is anticipated to grow in the nowadays because of hackers. Therefore, there is a scramble amongst major players in the global ransomware protection market to give better end-to-end resolutions to their consumers. As an organization companies cannot afford to lose their essential and classified data under any situation by hackers. Corporations need ransomware protection solutions software to cater to their developing requirements, and some of the most important stakeholders in the global ransomware protection market are Symantec, Microsoft, Cisco, McAfee, and Bitdefender.
Ransomware protection market has been divided into four geographic regions in our study, North America, Europe, Asia Pacific, and the Rest of World. Every region has a dedicated share in the ransomware protection report where we look at local drivers, restraints, opportunities, and threats and their impact. The traditional market size of the major countries in various regions has been analyzed and compared with their projected growth.
The global Ransomware Protection Market is projected to reach USD 20 billion at a CAGR of over 15% by the end of the forecast period 2017-2023.
Major Key Players:
- Microsoft Corporation (U.S.)
- Sophos Ltd. (U.K)
- Intel Security (McAfee) (U.S.)
- Symantec Corporation (U.S.)
- Kaspersky Lab (Russia)
- Malware bytes Corp (U.S.)
- McAfee Inc. (U.S.)
- Avast Software S.R.O (Czech Republic)
- Cisco System Inc.(U.S.)
- Palo Alto Networks Inc.(U.S.)
- Sentinelone (U.S.)
- Zscaler, Inc. (U.S.)
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Ransomware Protection Market Segmentation:
The global ransomware protection market is segmented by the solution, services, and applications. based on a solution, the global market is divided into standalone anti-ransomware software, end-point security solution, network security solution, secure web gateways, application control, and others. Secure web gateways solution is expected to contribute the highest market size in 2016, as it protects the networks from user-initiated web traffic and strengthens strong corporation policies.
Moreover, network security solution is expected to rise at the highest CAGR during the projection period, as it gives a real-time knowledge of advanced cyber threats, their detection, investigation, and predictive remediation.
Market Research Analysis:
North America market is expected to estimate for the highest share in the market. Asia Pacific market is forecasted to grow at the largest rate during the forecast period. Asia Pacific is expected to show the immense growth opportunities, prominently, in China and India. SMEs and big organizations are rapidly increasing their partnership chains to expand the ransomware protection solutions across the region. Thus, managed services segment is foreseen to grow at the highest CAGR throughout the forecast period in the area. However, consulting services segment is supposed to have the biggest market size in 2016.
The global ransomware protection market is segmented by the solution, services, and applications. Based on a solution, the global market is divided into standalone anti-ransomware software, end-point security solution, network security solution, secure web gateways, application control, and others. Based on the service, the global market is divided into managed services, consulting services, and support & management services. By application, the global ransomware protection market is split into web protection, endpoint protection, and database protection.
North America is forecasted to witness the immense growth in the ransomware protection market, owing to the presence of a large number of merchants of cyber security in this area. These merchants mainly offer high pioneering ransomware security solutions. Asia Pacific is also foreseen to show growth opportunities in the ransomware protection market owing to the emerging economies including China, India, and Australia heavily spending for cyber security solutions.
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- Technology Investors
- Research/Consultancy firms
- Technology Solution Providers
- Government Bodies
- Original Equipment Manufacturers
- Consulting and training service providers
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