Global Ransomware Protection Market: Analysis, Share, Size, Forecasts, Growth by 2021

According to a new market research report "Ransomware Protection Market by Solution (Anti-Ransomware Software, Secure Web Gateways, Application Control, IDS/IPS, Threat Intelligence), Service, Application, Deployment, Organization Size, Vertical, Region - Global Forecast to 2021", The ransomware protection market size is expected to grow from USD 8.16 Billion in 2016 to USD 17.36 Billion by 2021, at a Compound Annual Growth Rate (CAGR) of 16.3%.

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"Ransomware Protection Market by Solution (Anti-Ransomware Software, Secure Web Gateways, Application Control, IDS/IPS, Threat Intelligence), Service, Application, Deployment, Organization Size, Vertical, Region - Global Forecast to 2021"

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Ransomware is a fundamental cyber danger that installs at the victim’s pc either encrypting the documents or locking the whole device, till a ransom is paid. The agencies have accelerated investments in securing the information, community, and endpoints from crypto-malwares consisting of ransomware and other superior cyber threats.

Threat intelligence solution is expected to grow the fastest in the ransomware protection market

Threat intelligence solution is anticipated to grow at the very best CAGR inside the ransomware protection market, at some stage in the forecast period. Organizations are an increasing number of adopting danger intelligence answers to combat ransomware and different advanced cyber threats, as these answer provide powerful and dependable risk detection to alleviate cyber threats primarily based on protection events and protection intelligence feeds to manage commercial enterprise dangers. Furthermore, protection net gateways answer is expected to have the largest marketplace share in the ransomware protection market, all through the forecast duration

Email protection segment is expected to gain high traction in the ransomware protection market

The email protection segment is envisioned to grow at the highest CAGR from 2016-2021. The emails are number one source of ransomware distribution and cyber criminals target sufferers with emails having malicious attachments. Hence, electronic mail safety is of utmost significance due to the upward thrust in times of Business Email Compromise (BEC) scams, globally. The network safety segment is expected to contribute the largest market size to the ransomware protection market, because of upward push inside the wide variety of safety breaches focused on business enterprise networks.

Healthcare vertical is the prime target for ransomware attacks and would grow the fastest

The healthcare vertical is predicted to develop at the highest CAGR inside the ransomware protection market. Due to the rush for speedy digitization of scientific information which includes electronic patient health statistics, healthcare quarter is falling sufferer to big number of ransomware assaults, more than any other vertical. The BFSI vertical is expected to dominate the ransomware protection market, contributing biggest marketplace proportion, during the forecast length, because of the growing usage of internet and cell applications for banking transactions and payments.

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North America is expected to contribute the largest market share, whereas APAC is expected to grow the fastest

North America is predicted to have the biggest marketplace share and dominate the ransomware protection marketplace from 2016 to 2021, because of the presence of massive variety of cybersecurity carriers across this location supplying fairly modern ransomware protection solutions. On the alternative hand, APAC gives capacity boom possibilities within the ransomware safety marketplace, because of growing spending on cybersecurity solutions in the emerging economies of the vicinity inclusive of China, Australia, and India.

The predominant providers inside the ransomware protection marketplace encompass Intel Security, Symantec Corporation, Trend Micro, FireEye, Sophos, Bitdefender, Kaspersky Lab, Malwarebytes, Zscaler, SentinelOne, and others.

Opportunities

• Organizations seeking out multi-layered protection approach
• Sharing of chance intelligence amongst enterprises
• Rise in demand for records backup and recovery answers

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