Ransomware Protection Market Expected to Reach USD 82.92 Billion by 2031 | Top Players Such as - Kaspersky, MacAfee and SentinelOne

According to the report published by Allied Market Research, The Ransomware Protection Market Expected to Reach USD 82.92 Billion by 2031 | Top Players Such as - Kaspersky, MacAfee and SentinelOne. The report provides an extensive analysis of changing market dynamics, major segments, value chain, competitive scenario, and regional landscape. This research offers valuable able guidance to leading players, investors, shareholders, and startups in devising strategies for sustainable growth and gaining a competitive edge in the market.

Increase in penetration of ransomware-as-a-service (RaaS), rise in digitization of businesses, and the emergence of cryptocurrencies such as Bitcoin drive the growth of the global ransomware protection market. However, lack of awareness about cyberattacks and budgetary constraints restrain market growth. On the other hand, the rise in demand for multi-layer security protection in organizations and surge in adoption of cloud-based services present new opportunities in the coming years.

Download Sample Report at: https://www.alliedmarketresearch.com/request-sample/17014

The global ransomware protection market was valued at USD 17.32 billion in 2021, and is projected to reach USD 82.92 billion by 2031, growing at a CAGR of 17.1% from 2022 to 2031.

The ransomware protection market is segmented into Deployment Mode, Organization size, Component, Application and Industry Vertical. By component, it is bifurcated into solution and services. By deployment mode, it is segregated into cloud and on-premises. On the basis of application, it is categorized into network protection, endpoint protection, email protection, database protection and web protection. By industry vertical, it is segregated into BFSI, retail, education, IT & telecom, healthcare, government & defense, and others. By organization size it is categorized into SMEs and large enterprises. Region wise, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

Access the full summary at: https://www.alliedmarketresearch.com/ransomware-protection-market-A16640

Based on component, the solution segment contributed to the highest market share in 2021, contributing to more than three-fifths of the global ransomware protection market, and is expected to maintain its leadership status during the forecast period. This is due to benefits such as improvement in the detection and response to cyber incidents along with saving time, money, and resources. However, the services segment is projected to witness the largest CAGR of 18.4% from 2022 to 2031, owing to adoption of services with rise in competition in businesses, surge in user needs, cyber threats, and project risks.

Based on deployment mode, the on-premise segment held the highest market share in 2021, accounting for nearly three-fifths of the global ransomware protection industry and is expected to maintain its lead position during the forecast period. This is due to numerous advantages such as high level of data security and safety along with higher data security and lesser data breaches in comparison to cloud-based deployment models. However, the cloud segment is projected to manifest the fastest CAGR of 19.6% from 2022 to 2031. This is attributed to adoption of cloud for its benefits such as low cost, easy maintenance, flexibility, and scalability.

If you have any questions, Please feel free to contact our analyst at: https://www.alliedmarketresearch.com/connect-to-analyst/17014

Based on region, North America contributed to the largest market share in 2021, accounting for around two-fifths of the global ransomware protection market and is expected to maintain its dominance in terms of revenue by 2031. This is attributed to a rise in usage of ransomware protection in healthcare and other sectors to save data from breaches and enhance operations and customer experience. However, Asia-Pacific is projected to manifest the fastest CAGR of 19.7% during the forecast period. This is due to robust IT infrastructure and solid software and services offerings along with rise in penetration of cloud-based offerings and surge in demand for ransomware protection in healthcare, BFSI, and government sectors for security purposes.

This report gives an in-depth profile of some key market players in the ransomware protection market, include Bitdefender, Cisco systems Inc., Intel Corporation, Kaspersky Lab, MacAfee LLC, Microsoft corporation, SentinelOne, Sophos Group PLC, Symantec corporation, and Trend micro incorporated.

Inquiry Before Buying: https://www.alliedmarketresearch.com/purchase-enquiry/17014

Covid-19 Scenario

● The adoption of ransomware protection measures increased considerably during the Covid-19 pandemic, owing to the implementation of remote working culture and the shift of workload on the cloud.

● Rise in cyber threats including ransomware attacks in industries such as healthcare, BFSI, and government led to surged demand for ransomware protection solutions. With implementation of services and systems to carry out contactless operations with safety and security, organizations deployed ransomware protection services and solutions.

● Many industries shifted toward digitalization during the pandemic, and it led to a rise in demand for endpoint security solutions for gaining efficiency and real-time reporting features. This increased the adoption of ransomware protection.

● Moreover, the pandemic presented many challenges for organizations including executing key processes, reporting data accurately over multiple locations, operating complex systems, and communicating with teammates effectively. This led to a rise in investment in ransomware protection.

Buy Complete Report (316 Pages PDF with Insights, Charts, Tables, and Figures) at:
https://www.alliedmarketresearch.com/checkout-final/cefb7a3a315f078073a3ba084432c32f

Thanks for reading this article you can also get individual chapter-wise sections or region-wise report versions like North America Europe or Asia.

If you have any special requirements, please let us know and we will offer you the report as per your requirements.

Lastly this report provides market intelligence most comprehensively. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision-making for the existing market players as well as those willing to enter the market.

Contact:
David Correa
5933 NE Win Sivers Drive
#205 Portland OR 97220
United States
Toll-Free: 1-800-792-5285
UK: +44-845-528-1300
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060
Fax: +1-855-550-5975
help@alliedmarketresearch.com
Web: https://www.alliedmarketresearch.com
Follow Us on LinkedIn and Twitter

About Us:

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland Oregon. AMR provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients in making strategic business decisions and achieving sustainable growth in their respective market domains.

AMR launched its user-based online library of reports and company profiles Avenue. An e-access library is accessible from any device anywhere and at any time for entrepreneur's stakeholder's researchers and students at universities. With reports on more than 60000 niche markets with data comprising of 600000 pages along with company profiles on more than 12000 firms, Avenue offers access to the entire repository of information through subscriptions. A hassle-free solution to clients' requirements is complemented with analyst support and customization requests.

This release was published on openPR.