DUBLIN--(BUSINESS WIRE)--The "Global Ransomware Protection Market Size, Share & Industry Trends Analysis Report By Vertical, By Component (Solution and Services), By Deployment Type (On-premise and Cloud), By Organization Size, By Application,By Regional Outlook and Forecast, 2022 - 2028" report has been added to ResearchAndMarkets.com's offering.
The Global Ransomware Protection Market size is expected to reach $46.7 billion by 2028, rising at a market growth of 16.6% CAGR during the forecast period.
Key Market Players:
- Intel Corporation
- Broadcom, Inc.
- Bitdefender SRL
- FireEye, Inc.
- SentinelOne, Inc.
- Kaspersky Lab
- Trend Micro, Inc.
- Sophos Group PLC (Thoma Bravo)
- Zscaler, Inc.
- Malwarebytes, Inc.
One type of cryptovirology malware called ransomware threatens to permanently unlock or prevent access to victim data if a ransom is not paid. More sophisticated malware employs a technique called cryptoviral extortion that encrypts victims' files and renders them inaccessible while demanding ransom payments to unlock the device.
This method is not difficult for an expert to reverse. To identify and limit payment, ransomware protection is necessary. This is expected to safeguard and protect the data in addition to the systems. Typically, ransomware attacks are using a Trojan that the customer may download or open whenever an email attachment comes and is disguised as a legal file.
Several ransomware attacks have been made throughout the years on computer systems of both small and major businesses. Unchecked PDF downloads from untrusted and unconfirmed communications usually result in the ransomware infection of computers or PCs. The ransomware protection offers security against ransomware assaults, which lock up data until a ransom is paid. It serves as a defence against assault and a guide for the quick and dependable return to normal activities.
Additionally, it offers preventative measures like access controls, security, and client authentication to safeguard data against attack. It also makes regular monitoring of anomalies possible for early attack identification, which lessens the impact of the attack. Moreover, it streamlined the procedures that could lessen the workload involved in identifying and countering threats. Because fewer tools and dashboards require to be regularly monitored, the security team may save resources and time. The market expands as a result of these developments.
Market Growth Factors
Increasing Pace Of Digitalization Among Enterprises
The rapid pace of digitalization across various nations in the world is one of the core reasons behind the adoption of latest solutions and services. Organizations are embracing digital transformation as a means of facilitating the transition to remote working. Significant security concerns that have surfaced have impacted many. Companies have benefited for years from digital transformation in terms of becoming more flexible, economical, and productive. The COVID-19 pandemic has also prompted numerous businesses to embrace remote working practices on a significant scale.
Growing Phishing Attacks And Rising Cases Of Security Breaches
There is a constant rise in the case of various security breaches and data leaks around the world. Many businesses among different verticals have gone through any kind of phishing attack in their journey. They have an impact on security systems since numerous offline surveillance systems cause loss. Average IT outages are one thing, but massive data loss is quite another. Protection against ransomware eliminates the possibility of a protracted business closure, lowers the likelihood that an attack is expected to be successful, and minimizes the window for recovery for organizations.
Market Restraining Factors
Dearth Of Strong It Infrastructure And Low Awareness Among Security Professionals
There is a dearth of awareness among security professionals about the benefits of ransomware protection services and solutions. The amount of data gathered for security services has rapidly expanded as systems become more dispersed, flexible, and heterogeneous. Separating essential data has become a challenge for any IT firm as the amount of data generated from various infrastructure components increases. Along with that, security professionals are not well-versed with ransomware protection software and solutions, which is expected to impact the opportunities of key market players.
Key Topics Covered:
Chapter 1. Market Scope & Methodology
Chapter 2. Market Overview
2.1 Introduction
2.1.1 Overview
2.1.1.1 Market Composition and Scenario
2.2 Key Factors Impacting the Market
2.2.1 Market Drivers
2.2.2 Market Restraints
Chapter 3. Competition Analysis - Global
3.1 Cardinal Matrix
3.2 Recent Industry Wide Strategic Developments
3.2.1 Partnerships, Collaborations and Agreements
3.2.2 Product Launches and Product Expansions
3.2.3 Acquisition and Mergers
3.2.4 Geographical Expansions
3.3 Top Winning Strategies
3.3.1 Key Leading Strategies: Percentage Distribution (2018-2022)
3.3.2 Key Strategic Move: (Acquisitions and Mergers: 2018, May - 2022, May) Leading Players
Chapter 4. Global Ransomware Protection Market by Vertical
Chapter 5. Global Ransomware Protection Market by Component
Chapter 6. Global Ransomware Protection Market by Deployment Type
Chapter 7. Global Ransomware Protection Market by Organization Size
Chapter 8. Global Ransomware Protection Market by Application
Chapter 9. Global Ransomware Protection Market by Region
Chapter 10. Company Profiles
For more information about this report visit https://www.researchandmarkets.com/r/pjum56
