Ransomware Protection Market 2021 Global Outlook -McAfee,LLC, AOKasperskyLab, Bitdefender, FireEye,Inc, Malwarebytes, SentinelOne

Ransomware Protection Market by Component, Application, Services, and Region- Forecast to 2026

The Global Ransomware Protection Market Research Report 2021-2026 published by MarketInsightsReports is a significant source of keen information for business specialists. It furnishes the Ransomware Protection business outline with development investigation and historical and futuristic cost analysis, income, demand, and supply information (upcoming identifiers). The research analysts give a detailed depiction of the Ransomware Protection worth chain and its wholesaler examination. Ransomware Protection Market study gives extensive information which upgrades the agreement, degree, and use of this report.

The Ransomware Protection Market has registered a CAGR of 16% over the forecast period 2021 - 2026.

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Top Leading Companies of Ransomware Protection Market are McAfee,LLC, AOKasperskyLab, Bitdefender, FireEye,Inc, Malwarebytes, SentinelOne, SophosLtd, BroadcomInc(SymantecCorporation), TrendMicroIncorporated, Zscaler,Inc and others.

Industry News And Updates on Ransomware Protection Market-

North America Holds The Largest Market Share in Ransomware Protection Market

- In 2018, the ransomware attacks have been on the rise in North America. Demand has been higher in the US as there have been multiple incidents of data encryption with the motive of getting a ransom for decryption of the data. Majorly healthcare, financial services, and government organizations are the affected segments.

- For instance, the SamSam ransomware was used to attack the Atlantas IT infrastructure by infiltrating into the network, hiding its presence while it harvested credentials to spread to multiple computers before locking them up. It resulted in a mass shutdown of online city services and an estimated cost of at least USD 2.6 million in clean-up and response.

- GandCrab ransomware first surfaced in January 2018 and has already gone through multiple iterations. The cybercrime group behind GandCrab uses a partnership ransomware-as-a-service (RaaS) approach. Its been estimated that over 50,000 victims were infected by GandCrab by the end of Q1 2018, netting its criminal distributors over USD 600,000.

Key Market Trends Ransomware Protection Market-

- Cloud storage vendors should be constantly evaluating, testing and upgrading their security solutions and using multilayered defense methods. Organizations should ask merchants to share their precise and specific ransomware detection, quarantine and removal procedures.

- Organizations can also deploy antiransomware protection software on all devices, including cloud servers and cloud storage. That software should have redundancy and failover defense in case of a ransomware attack. Organizations also required to have data backup and retrieval policies and plans that are really implemented and practiced. And (they should) conduct ongoing backups of all data as part of those disaster retrieval policies.

Competitive Landscape On Ransomware Protection Market-

In April 2019, McAfee, the device-to-cloud cybersecurity company, announced its support for Google Cloud Platform (GCP) Cloud Security Command Center (Cloud SCC). McAfee MVISION Cloud integrates with GCP Cloud SCC to help security professionals gain visibility and control over their cloud resources and detect and respond to threats. Cloud SCC users can gain enriched information from the extensive configuration audit capabilities of McAfee MVISION Cloud to locate hidden risks and enforce configuration best practices.

- In April 2019, Bitdefender, a global cybersecurity leader protecting over 500 million systems across 150 countries, announced it has expanded its partnership and integration with ConnectWise, a software company that connects technology teams to the solutions, services, and resources necessary for success.

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