Ransomware Protection Market Market Size, Share, Growth Insight, Competitive Analysis

Ransomware Protection Market has been thoroughly scrutinized and then carefully demarcated by geographic locations which are based on major economic regions and their topographical regions. Growing competition and the changing market dynamics have been highlighted. Aggressive market players are profiled with attributes of company overview, financial overview, business strategies, product portfolio, and recent developments. The Market share and Market size prominent players for 2022 to 2027 are profiled in this report.

Ransomware Protection Market is envisaged to record an expansion at the CAGR of 17% over the forecast period, 2022 - 2028

Competitive Landscape:

 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:

- 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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Scope of the Report

- As many of the companies have been in transition to cloud services, it has created an opportunity for attackers to target any vulnerability. The ransom results in created distributed denial-of-service (DDoS) attacks until the ransom is paid or the data can be lost permanently. Recently in October 2018, Hong Kong's Cathay Pacific airlines was involved in one cyber breach incident where unauthorized access to personal details on 9.4 million passengers was accessed.

Key Market Trends

Cloud Deployment Plays a Major Role in Ransomware Protection

- Cloud storage is not resistant to ransomware threat and is not foolproof. Ransomware can certainly affect cloud storage, especially if the cloud storage dealers are not proactively using antiransomware technology. In fact, ransomware can impact any and all internet-connected strategies. This includes IoT devices, like security thermostats, cameras, doorbells, and others like PCs, file, email and data servers, and cloud-based servers, which performs as cloud storage.

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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.

Highlights about Ransomware Protection Market report coverage:

- A complete background analysis, which includes an assessment of the Global Ransomware Protection Market.

- Important changes in Ransomware Protection Market dynamics

- Ransomware Protection Market segmentation up to the second & third level regional bifurcation

- Historical, current, and projected size of the Ransomware Protection Market with respect to both value (Revenue) and volume (Production & Consumption)

- Reporting and evaluation of recent Ransomware Protection Market industry developments

- Ransomware Protection Market shares and strategies of key players

- Emerging niche Ransomware Protection Market segments and regional markets

- An objective assessment of the trajectory of the Ransomware Protection Market .

- Recommendations to companies for strengthening their foothold in the Ransomware Protection Market .

The research includes historic data from 2016 to 2022 and forecasts until 2027 which makes the reports an invaluable resource for industry executives, marketing, sales and product managers, consultants, analysts, and other people looking for key industry data in readily accessible documents with clearly presented tables and graphs.

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