openPR Logo
Press release

Ransomware Protection Market is Increasing Rapidly in Recent Years

08-10-2017 03:49 PM CET | IT, New Media & Software

Press release from: TMR Research

Ransomware Protection Market is Increasing Rapidly in Recent

Global Ransomware Protection Market: Snapshot

The global ransomware protection market is prognosticated to be bolstered on the back of the growing need for email protection since email is researched to be a top source used for ransomware distribution. The May 2017 cyberattack that affected about 150 countries was spiked by the WannaCry malware, which is supposed to have infected over 100,000 computers worldwide. The malware urged computer users to download it via email, and it took no time to spread across the industry while creating a massive havoc.

One of the fastest-growing solutions in the global ransomware protection market is threat intelligence. This could be due to the increasing demand for combating malicious cyberattacks such as ransomware. As a result, a majority of organizations are envisaged to invest in protection from security breaches and cyberattacks at a global platform.

The healthcare industry is a primary target of most security hackers and commonly affected by ransomware attacks. In this regard, seasoned analysts foresee ample of business opportunities to take birth through this vertical in the global ransomware protection market. Compared to other industries, healthcare could significantly fall prey to ransomware attacks on account of the aggressive digitalization of electronic patient health information and other medical data.

Request Sample Copy of the Report @ https://www.tmrresearch.com/sample/sample?flag=B&rep_id=614

Nevertheless, industry players are foretold to cash in on the dominating share of banking, financial services, and insurance (BFSI) in the global ransomware protection market supported by the ballooning implementation of mobile and web applications for banking payments and transactions.

With no clear end in view, cyberattacks are expected to continue for the longest period of time. Ransomware was first introduced in 1989 with ‘PC Cyborg Trojan’ which extorted a ransom of approximately US$189 from the victim.

Global Ransomware Protection Market: Overview

Ransomware is capable of preventing access to operating systems and encrypting files such that any PC user can’t use them. It can target home computers, the end point in an organization network, and servers used by healthcare providers or government agencies. The potential data and financial loss caused by ransomware are mandating the deployment of ransomware protection solutions. The growth of the global ransomware protection market is primarily fuelled by end-user industries such as BFSI, education, healthcare, and government and defense. The commonly available protection solutions are secure web gateways, application control, standalone anti-ransomware software, web filtering, intrusion detection system/intrusion prevention system (IDS/IPS), and threat intelligence.

Request TOC of the Report @ https://www.tmrresearch.com/sample/sample?flag=T&rep_id=614

The research report on the global ransomware protection market is compiled using data from various paid and unpaid sources including journals, white papers, presentations, and press releases. It serves as an essential source containing a detailed description of drivers, restraints, and opportunities and an analysis of the extent to which they impact the growth of the market. In addition, it includes Porter’s five force analysis that is useful in deriving the competitive landscape of the market. It profiles key players in the market along with their market shares, cost and revenue structures, business strategies, latest developments, and contact information.

Global Ransomware Protection Market: Drivers and Restraints

The increasing cases of targeted security breaches and phishing attacks are by far the leading factor driving the global ransomware protection market. The large ransom demanded by hackers through these attacks is one of the major concerns for organizations worldwide. The information extracted by hackers usually has a huge demand in the black market, which can adversely affect the overall growth of an organization. Moreover, the introduction of crypto-currencies for ransom payments and the growing popularity of ransomware-as-a-service model are working in favor of the growth of the market. On the other end, the presence of free solutions for endpoint security for ransomware is hampering the overall revenue generation of the global ransomware protection market.

Global Ransomware Protection Market: Geographical Segmentation

The key segments analyzed in the report on the basis of geography are North America, Asia Pacific, Europe, and Rest of the World. North America and Europe will collectively represent a substantial share in the market in the forthcoming years. The domicile of a large number of key players along with the early adoption of advanced security technologies provides an edge to these regions over other regions. The high incidence of hacking via ransomware attacks is one of the primary factors augmenting the growth of these regions.

Get Discount @ https://www.tmrresearch.com/sample/sample?flag=D&rep_id=614

Asia Pacific is likely to register a noteworthy CAGR over the forecast horizon. The growth of the region can be attributed to the increasing spending by enterprises on security and cyber protection. Countries such as Australia, China, India, Japan, and Singapore will be the major contributors to the growth of the region. Small and medium-sized enterprises (SMEs) in this region are highly targeted by ransomware perpetrators to extort large ransom.

Global Ransomware Protection Market: Competitive Landscape

The majority of the players in the global ransomware protection market are focusing on the development of new products to attain inorganic growth in the global ransomware protection market. Partnerships and acquisitions are also among the commonly adopted strategies by prominent players to boost their offerings in the market. Some of the prominent players in the global ransomware protection market are Symantec Corporation, Intel Security, Malwarebytes, Trend Micro, Kaspersky Lab, Bitdefender, Zscaler, and SentinelOne.

About TMR Research

TMR Research is a premier provider of customized market research and consulting services to business entities keen on succeeding in today’s supercharged economic climate. Armed with an experienced, dedicated, and dynamic team of analysts, we are redefining the way our clients’ conduct business by providing them with authoritative and trusted research studies in tune with the latest methodologies and market trends.

Our savvy custom-built reports span a gamut of industries such as pharmaceuticals, chemicals and metals, food and beverages, and technology and media, among others. With actionable insights uncovered through in-depth research of the market, we try to bring about game-changing success for our clients.

Contact:

Rohit Bhisey
Head - Internet Marketing
Tel: +1-415-520-1050
Email: sales@tmrresearch.com

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Ransomware Protection Market is Increasing Rapidly in Recent Years here

News-ID: 664288 • Views: 687

More Releases from TMR Research

Extended Text Labels Market 2030 | Schreiner Group GmbH & Co. KG,WS Packaging Gr …
Extended Text Labels Market: Overview The changing consumer value propositions has shaped the packaging sector for long. Along with the prevailing regulatory dynamics of the times, product development and launches have been shaped by constant urge of packaging sector toward value-driven marketing. Players in the extended text labels market have been resorting a mix bag strategies to meet the consumer demands on one hand and explore new consumer propositions. Also called
Self-heating Food Packaging Market 2030 | HeatGen, LLC., Heat Food & Drink Ltd, …
Global Self-heating Food Packaging Market: Overview Food and beverage sector has observed substantial growth due to changing consumer preferences, trends, and niche interests. In the last few years, trends in food packaging sector have observed considerable change due to increasing appetite of consumer for convenient, ready-to-eat, and slightly processed food items. Food packaging helps in bettering the shelf life of mildly processed food items and it enhances quality. Change in modern-day
Moisture Barrier Bags Market 2030 | Twin Rivers Paper Company LLC & Billerudkors …
Moisture Barrier Bags Market: Outline The growing popularity of effective packaging solutions has brought many new packaging types to the forefront. A proper packaging mechanism is essential for any product to maintain its safety and quality. On the basis of all these aspects, different packaging types are gaining immense popularity among many industries. Moisture barrier bags are one of them. These bags are popular among a large number of end-users due
MDO Films Market 2030 | Klöckner Pentaplast Group, Avery Dennison Corporation, …
Global MDO Films Market: Overview One of the key issues plaguing the manufacturers of packaging solutions is to find ways to reduce cost of packaging. Some do it through use of methods like downgauging, elimination of secondary conversion process, and replacement of less desirable materials. Profits can be maximized if this can be done effectively through regulation of cost incurred on different steps of processing and on the type of materials

All 5 Releases


More Releases for Ransomware

eScan's proactive protection against Maze Ransomware
24th of April 2020, Mumbai. The vile of the digital world doesn't rest even as the economy and businesses have slowed down in the wake of a pandemic. This unethical behaviour of threat actors was on display as IT giant Cognizant was hit with a cyber-attack in the form of a ransomware called Maze Ransomware. Cybersecurity providers MicroWorld would like to assure all its customers that its popular eScan Enterprise Endpoint
What is Ransomware Protection | Attractive Market Opportunities in the Ransomwar …
The Global Ransomware Protection Market Research Report focuses on the key challenges that the market is facing, including the threats and restraints. The report also provides an in-depth analysis on the growth factors, potential growth opportunities, product classification, growth rate, highest sectors tangled, product price, and the current landscape of the industry, as well as the product innovations and up-gradations. Following Manufacturers are Profiled in this Report Intel Security, Symantec Corporation, Trend
Ransomware Protection Market Predicted growth rate 2025
Global Ransomware Protection Market: Snapshot The global ransomware protection market is prognosticated to be bolstered on the back of the growing need for email protection since email is researched to be a top source used for ransomware distribution. The May 2017 cyberattack that affected about 150 countries was spiked by the WannaCry malware, which is supposed to have infected over 100,000 computers worldwide. The malware urged computer users to download
Ransomware Protection Market Pernicious over 2025
Global Ransomware Protection Market: Snapshot The global ransomware protection market is prognosticated to be bolstered on the back of the growing need for email protection since email is researched to be a top source used for ransomware distribution. The May 2017 cyberattack that affected about 150 countries was spiked by the WannaCry malware, which is supposed to have infected over 100,000 computers worldwide. The malware urged computer users to download
WannaCry ransomware attack affects millions
The first ever global worm-based ransomware attack – WannaCry –crippled close to 150 countries in May 2017. Ransomware usually spreads via email, relying on human intervention to initiate infection. In a matter of hours, WannaCry spread to Internet-connected computers infecting many that were unpatched and exposed to the Internet. In particular, the ransomware exploited older Windows operating systems, including Windows XP. The attack was a stark reminder about keeping antivirus, firewall and
eScan observes new variants of Locky Ransomware
To proliferate ransomware, cyber criminals often employ spam emails (infectious attachments), unofficial software download sources, trojans, and fake software updates. eScan’s research team has found out that there are two new variants of Locky Ransomware which add .diablo6 or .lukitus as file extensions to the encrypted files. For past few months Locky had gone dark but now in past couple of days, it has reared its ugly head. Locky was