Ransomware Protection Market : Future Aspect Analysis, Growth Opportunities & Corona Virus Impact on this!

Ransomware protection refers to security against malicious crypto virology software that prevents users from accessing their data or threaten to make their private information public unless a ransom is paid for the same. Utilization of cryptocurrencies such as Bitcoin and Ukash makes the tracking down of transactions extremely difficult, providing another hurdle for the anti-cybercriminal bodies to take appropriate actions against them.

Chief participants in the global ransomware protection market include Microsoft Corporation, Sophos Ltd., Trend Micro Incorporated, Symantec Corporation, Kaspersky Lab, Malwarebytes Corp, McAfee Inc., Avast Software, Cisco System Inc., and Webroot Inc.

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Global Ransomware Protection Market Taxonomy:
1. On the basis of the 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

2. On the basis of services, the global ransomware protection market is classified into:
-Consulting services
-Support and Maintenance Services
-Training and Education

3. On the basis of application, the global ransomware protection market is classified into:
-Network protection
-Endpoint protection
-Email protection
-Database protection
-Web protection

4. On the basis of deployment, the global ransomware protection market is classified into:
-On-Premises
-Cloud

5. On the basis of organization size, the global ransomware protection market is classified into:
-Large enterprises
-Small and medium enterprises

6. 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

7. On the basis of regions, the global ransomware protection market is classified into:
-North America
-Europe
-Asia Pacific
-Latin America
-Middle East
-Africa

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This malware is commonly delivered through unauthorized mail attachments or links which can bypass the conventional security firewalls and antivirus applications. Owing to these delivery modes of malware, the requirement of threat intelligence and web filtering solutions are expected to witness the highest demands over the near future in the solution segments.

Advanced internet infrastructure and high inclination of consumers towards faster adoption of technologies such as cloud computing in the U.S. have made the country increasingly vulnerable to such threats. Moreover, the presence of a significant number of fortune companies in the country makes it highly vulnerable to malicious attacks. This inadvertently creates a highly conducive environment for the growth of the ransomware protection market globally during the forecast period.

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