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Ransomware Protection Market is recurring & impressive growth by 2026
Ransomware Protection Market
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Growing incidence of phishing attacks across the globe fueling growth of ransomware protection market
Some of the worst incidences of ransomware attacks reported in 2017 included the NotePetya, WannaCry, Locky, CrySis, and Nemucod. This has led to losses of several million dollars in revenue. For instance, according to TechRepublic Cybersecurity Insider press release in October 2017, the outbreak of NotPetya cost Merck (pharmaceutical company) over US$ 300 million in Q3 alone, and is expected to cost near about the same amount in the following quarter. Requirement to reduce high financial losses due to loss of high valued and confidential information has spurred global demand for these solutions for data security and is anticipated to fuel the ransomware protection market over the forecast period.
Growing digitization, cloud adoption and IoT will present significant growth opportunity for the ransomware protection market participants over the forecast period
Adoption of advanced solutions such as cloud operated robotic systems in manufacturing industries, autonomous and connected automotive infrastructure, smart cities and smart healthcare infrastructures are among the major developments that will depend on internet connectivity and data communication. Security threats from any form of malware can lead to substantial obstruction in the operation of these systems. Requirement to address these issues and thwart any threats from ransomware attacks will provide strong growth prospects to the ransomware protection market players.
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Key Vendors of Ransomware Protection Market: Microsoft Corporation, Sophos Ltd., Trend Micro Incorporated, Symantec Corporation, Kaspersky Lab, Malwarebytes Corp, McAfee Inc., Avast Software, Cisco System Inc., and Webroot Inc.
Global Ransomware Protection Market Taxonomy
On the basis of solution, the global ransomware protection market is classified into:
Standalone anti-ransomware software
Secure web gateways
Application control
IDS/IPS
Web filtering
Threat intelligence
Others
On the basis of services, the global ransomware protection market is classified into:
Consulting services
Support and Maintenance Services
Training and Education
On the basis of application, the global ransomware protection market is classified into:
Network protection
Endpoint protection
Email protection
Database protection
Web protection
On the basis of deployment, the global ransomware protection market is classified into:
On Premises
Cloud
On the basis of organization size, the global ransomware protection market is classified into:
Large enterprises
Small and medium enterprises
On the basis of end-use, the global ransomware protection market is classified into:
Banking, Financial Services, and Insurance (BFSI)
Consumer Goods and Retail
Education
Government and Public Sector
Healthcare and Life Sciences
Manufacturing
Media and Entertainment
Telecommunication and IT
Others
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