Ransomware Protection Market to Register High Demand Rate by 2024

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Global Ransomware Protection Market: Overview

Ransomware is a biggest and hazardous cyber threat, which gets installed on the duped person’s computer either by enciphering the files or by locking the complete system unless a ransom is offered or paid. Thus, to protect the systems and to overall enhance the security, the organizations have made investments greater than before particularly in securing the network, data, and endpoints from various advanced cyber threats and crypto-malware including ransomware.

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Global Ransomware Protection Market: Growth Factors

Threat intelligence solution is a widely used and preferred way to provide protection from such cyber threats. Hence, owing to its high demand, threat intelligence solution is anticipated to witness high growth in the global ransomware protection market in the near future. Majority of organizations are highly utilizing threat intelligence solutions in order to fight various advanced cyber threats and ransomware threat, as this type of solution offers reliable and effective threat recognition. This helps in reducing cyber threats based on security intelligence feeds and security events in order to administer business risks. In addition, security web gateways solution is also one such solution that provides protection against such cyber threats. All these factors are anticipated to boost the global ransomware protection market in the coming years.

Global Ransomware Protection Market: Segmentation

The global ransomware protection market is segmented on the basis of the solution, service, application, deployment mode, and vertical. Based on the solution, the global market is segmented as standalone anti-ransomware software, application control, secure web gateways, IDS/IPS, threat intelligence, web filtering, and others. Based on the service, the global market is segmented as professional services, training, and education, consulting, managed services, and support and maintenance. On the basis of application, the global ransomware protection market is segmented as network protection, email protection, web protection, endpoint protection, and database protection. Further, the deployment mode classifies the global market as cloud and on-premise. Lastly, based on the verticals, the global market is segmented as government & defense, IT & telecom, BFSI, healthcare, energy & utilities, education, retail, and others.

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Global Ransomware Protection Market: Regional Analysis

North America is anticipated to witness the highest growth in the global ransomware protection market, mainly owing to the presence of a huge number of vendors of cybersecurity in this region. These vendors mainly offer highly pioneering ransomware protection solutions. In addition, Asia Pacific is also expected to show growth opportunities in the global ransomware protection market owing to the emerging economies including Australia, China, and India heavily spending on cybersecurity solutions.

Global Ransomware Protection Market: Competitive Players

Some of the major players in the global ransomware protection market are Symantec Corporation, Intel Security, Trend Micro, Sophos, FireEye, Bitdefender, Malwarebytes, Kaspersky Lab, Zscaler, and SentinelOne.

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