The 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", 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%.
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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 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.
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.Get Free 10% customization on this report @ https://www.marketsandmarkets.com/requestCustomizationNew.asp?id=84263725
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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