Ransomware Protection Market to Garner Brimming Revenues by 2025

Ransomware attacks have touched a new high in the 21st century and affected governments, corporates, and even the average citizen. Few are able to recover from this sustained attack to their confidential data in the event of a hit. Conventional firewalls and anti-virus software has been largely ineffective and only specialized ransomware protection software can offer a shield from this scourge. In a new report titled ‘Ransomware Protection Market: Global Industry Analysis (2012 – 2016) and Forecast (2017 – 2025)’ Persistence Market Research forecasts the global ransomware protection market to be worth just under US$ 33 Bn by end 2025 – recording a CAGR of 15.9% in terms of value.

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Global Ransomware Protection Market: Segmentation & Forecast

The global ransomware protection market is segmented on the basis of Component into Solution (End Point Security Solution, Network Security Solution) and Service (Consulting Service, Support and Management Services); on the basis of End User into Commercial and Residential; on the basis of Deployment into Cloud and On-Premise; and on the basis of Region into North America, Latin America, Europe, APAC, and MEA.

By Component, the Solution segment is anticipated to reach a market value in excess of US$ 26 Bn by the end of 2025, registering a CAGR of 16.0% during the forecast period. This segment will represent incremental opportunity of US$ 18,549.9 Mn between 2017 and 2025

By End User, the Commercial segment is expected to be the most attractive segment and is estimated to increase 3.4x between 2017 & 2025, reaching a market value of more than US$ 25 Bn by the end of 2025

In the Deployment category, the Cloud segment is estimated to register a CAGR of 17.7 % from 2017–2025 and be valued at about US$ 13.5 Bn by the end of the forecast period in 2025

Among the assessed Regions, North America is expected to register steady increase in Y-o-Y growth rates throughout the forecast period. The North America ransomware protection market is estimated to be valued at about US$ 4 Bn by the end of 2017 and this is expected to increase to about US$ 11.3 Bn by the end of 2025, witnessing a CAGR of 13.9%

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Growing digitization and cloud adoption to boost the ransomware protection market

Workplace digitization is growing at an explosive pace and this is particularly felt in the APAC region that can be considered the perfect example of a ‘mobile first, cloud first’ region. While this may well lead to greater ransomware attacks, it represents a limitless opportunity for widespread adoption of cloud based security solutions. Other regions are widely expected to follow APAC’s example in the adoption of cloud based ransomware protection software. Small and Medium size enterprises did not see cyber security as a priority in the past as it was considered an unnecessary additional expenditure. The recent ransomware attacks such as WannaCry and Peyta have necessitated a larger commitment to online security and small and medium enterprises have begun to invest in cloud based security.

Web filtering and threat intelligence solutions gaining traction

Most ransomware is delivered via unauthorized links or through email attachments. These ransomware attacks are easily able to bypass traditional security solutions such as firewalls or antivirus software that may be installed. That is why enterprises are increasingly seeking out non-traditional solutions to avoid ransomware attacks in the future. As these organizations move their entire or a part of their operations to the cloud, players actively involved in the ransomware protection market will also have to make the resultant shift. Startups have often come forward with innovative and out-of-the-box solutions as they are not tied down by legacy software and can seamlessly shift to emerging technologies such as cloud computing.

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