Ransomware Protection Market 2022 Status and Business Outlook - McAfee, LLC, AO Kaspersky Lab, Bitdefender, FireEye, Inc., Malwarebytes, SentinelOne

The Ransomware Protection Market report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.

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, AO Kaspersky Lab, Bitdefender, FireEye, Inc., Malwarebytes, SentinelOne, Sophos Ltd., Broadcom Inc. (Symantec Corporation), Trend Micro Incorporated, Zscaler, Inc and others.

Industry News and Updates

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.

Key Market Trends

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 Atlanta's 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. It's 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.

Regional Outlook of Ransomware Protection Market report includes the following geographic areas such as: North America, Europe, China, Japan, Southeast Asia, India and ROW.

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What Are The Market Factors That Are Explained In The Report?

Key Strategic Developments: The study also includes the key strategic developments of the market, comprising R&D, new product launch, M&A, agreements, collaborations, partnerships, joint ventures, and regional growth of the leading competitors operating in the market on a global and regional scale.

Analytical Tools: The Ransomware Protection Market Report includes the accurately studied and assessed data of the key industry players and their scope in the market by means of a number of analytical tools. The analytical tools such as Porter’s five forces analysis, SWOT analysis, feasibility study, and investment return analysis have been used to analyze the growth of the key players operating in the market.

Key Market Features: The report evaluated key market features, including revenue, price, capacity, capacity utilization rate, gross, production, production rate, consumption, import/export, supply/demand, cost, market share, CAGR, and gross margin. In addition, the study offers a comprehensive study of the key market dynamics and their latest trends, along with pertinent market segments and sub-segments.

Customization of the Report: This report can be customized as per your needs for additional data up to 3 companies or countries or 40 analyst hours.

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