Global Ransomware Protection Global Market: Growing Digitization Driving Adoption but Lack of Awareness Remains Pervasive

Malware is an intrusive software that has many types of malicious programs including Ransomware. Nowadays, we hear a lot for ransomware which threatens to publish user data or perpetually block access to the data unless a ransom is paid. A new research report, “Global Market Study on Ransomware Protection: Cloud Segment by Deployment to Increase 3.7x in Terms of Value Between 2017 and 2025” added to the repository of Market Research Reports Search Engine (MRRSE) offers complete insights on the Ransomware protection market.

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The report is global in its scope and offers market forecast and analysis across regions, including North America, APEJ, Latin America, Europe, and MEA. According to the report, North America is the largest market for Ransomware prevention products and services. There is an increasing adoption of cloud deployment in North America, and the status quo is likely to remain the same during the forecast period 2017-2025. The report projects the cloud deployment segment in North America to surpass US$ 5 Bn by 2025.

Although there is an increasing level of awareness among corporations that protection against Ransomware is of utmost importance, adoption remains at a nascent stage. For many small- and mid-sized corporations, having an antivirus package is sufficient for fighting cyber threats, which is not the case. According to a study by Axelos, a majority of enterprises still continued with outdated technology, putting them at a heightened risk of cyber-attacks. While comprehensive media coverage has brought the issue into limelight, widespread adoption of Ransomware protection products is still some time away.

Highlighting the necessity of adopting Ransomware protection, the report opines that WannaCry and Peyta of ransomware have nearly brought the world of commerce to a halt as it leads to panic and chaos amid market. Corporates must safeguard themselves from the hackers who are unauthorized users and keep working on breaking into the computer to change, steal or destroy the information.

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As per the report, the hackers in today’s times are looking for loopholes in a corporate information system. Therefore, it is important to have preventive measures in place to safeguard against the growing threats of Ransomware.
The report provides in-depth taxonomy of global ransomware protection market that helps decision makers in understanding the market at a very basic level and includes content such as component for security solution and services, end user that are commercial or residential, deployment whether cloud or on-premise and some regions.

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This release was published on openPR.