According to the new market research report "
Ransomware Protection Market by Solution
(Anti-Ransomware Software, Secure Web Gateways, Application Control, IDS/IPS,
Threat Intelligence), Service, Application, Deployment, Organization Size,
Vertical, Region - Global Forecast to 2021", published by MarketsandMarkets™, the ransomware protection market size is expected to
grow from USD 8.16 Billion in 2016 to USD 17.36 Billion by 2021, at a Compound
Annual Growth Rate (CAGR) of 16.3%.
Don’t miss out on business opportunities in Ransomware Protection Market. Speak to our analyst and gain crucial industry insights that will help your business grow:
Ransomware is a predominant cyber threat that installs
on the victim’s computer either encrypting the files or locking the entire
system, until a ransom is paid. The organizations have increased investments in
securing the data, network, and endpoints from crypto-malwares such as
ransomware and other advanced cyber threats..
Threat intelligence solution is expected to grow
the fastest in the ransomware protection market
Threat intelligence solution is expected to grow at
the highest CAGR in the ransomware protection market, during the forecast
period. Organizations are increasingly adopting threat intelligence solutions
to combat ransomware and other advanced cyber threats, as these solution
provide effective and reliable threat detection to alleviate cyber threats
based on security events and security intelligence feeds to manage business
risks. Furthermore, security web gateways solution is expected to have the
largest market share in the ransomware protection market, during the forecast
period..
Browse and in-depth TOC on " Application Management Services Market "
83 - Tables
53 - Figures
179 - Pages
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TOC @
Email protection
segment is expected to gain high traction in the ransomware protection market
The email protection segment is estimated to grow at
the highest CAGR from 2016-2021. The emails are number one source of ransomware
distribution and cybercriminals target victims with emails having malicious
attachments. Hence, email protection is of utmost importance due to the rise in
instances of Business Email Compromise (BEC) scams, globally. The network
protection segment is estimated to contribute the largest market size to the
ransomware protection market, due to rise in the number of security breaches
targeting enterprise networks..
Healthcare
vertical is the prime target for ransomware attacks and would grow the fastest
The healthcare vertical is expected to grow at the
highest CAGR in the ransomware protection market. Due to the push for rapid
digitization of medical records such as electronic patient health information,
healthcare sector is falling victim to large number of ransomware attacks, more
than any other vertical. The BFSI vertical is expected to dominate the ransomware
protection market, contributing largest market share, during the forecast
period, due to the growing usage of web and mobile applications for banking
transactions and payments..
North America is expected to contribute the
largest market share, whereas APAC is expected to grow the fastest
North America is
expected to have the largest market share and dominate the ransomware
protection market from 2016 to 2021, due to the presence of large number of
cybersecurity vendors across this region offering highly innovative ransomware
protection solutions. On the other hand, APAC offers potential growth
opportunities in the ransomware protection market, due to increasing spending
on cybersecurity solutions in the emerging economies of the region such as
China, Australia, and India.
The major vendors in
the ransomware protection market include Intel Security, Symantec Corporation,
Trend Micro, FireEye, Sophos, Bitdefender, Kaspersky Lab, Malwarebytes,
Zscaler, SentinelOne, and others.
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