The global ransomware protection industry is expected to reach $46.7 billion by 2028

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Dublin, Sept. 01, 2022 (GLOBE NEWSWIRE) — The “Global Ransomware Protection Market Size, Share and Trend Analysis Report by Vertical, Component (Solution and Services), Deployment Type (On-Premises and Cloud), by Organization Size, by Application, by Regional Outlook and Forecast, 2022 – 2028″ has been added to the report from offer.

The global ransomware protection market size is expected to reach $46.7 billion by 2028, with the market growing at 16.6% CAGR during the forecast period.

A type of cryptovirology malware called ransomware threatens to permanently unlock or prevent access to victim data if a ransom is not paid. More sophisticated malware uses a technique called cryptovirus extortion that encrypts victims’ files and makes them inaccessible while demanding ransom payments to unlock the device.

This method is not difficult to reverse for an expert. To identify and limit payments, protection against ransomware is necessary. This should back up and protect data in addition to systems. Typically, ransomware attacks use a Trojan that the client can download or open whenever an attachment arrives and is disguised as a legal file.

Several ransomware attacks have been launched over the years on small and large business computer systems. Unverified PDF downloads from untrusted and unconfirmed communications usually lead to ransomware infection of computers or PCs. Ransomware protection provides security against ransomware attacks, which lock down data until a ransom is paid. It serves as a defense against aggression and a guide for a quick and reliable return to normal activities.

Additionally, it offers preventative measures such as access controls, security, and client authentication to protect data from attacks. It also enables regular anomaly monitoring for early attack identification, reducing the impact of the attack. Additionally, it has streamlined procedures that could reduce the workload involved in identifying and countering threats. Since fewer tools and dashboards require regular monitoring, the security team can save resources and time. The market is growing as a result of these developments.

Anti-malware software is in high demand and is expected to increase over the forecast period as ransomware protection is a crucial element for affected and threatened customers. The preferred and frequently used method to thwart these cyberattacks is a threat intelligence service. Companies increasingly need a solution against cyber threats. Majority of businesses rely heavily on cyber threat solutions as they are successful and effective in identifying attacks and countering various advanced cyber threats and ransomware threats.

COVID-19 Impact Analysis

Businesses around the world have been hit hard by the COVID-19 outbreak. Due to the lockdown imposed by many governments, it has positively influenced the use of ransomware protection. Companies have been focusing on cutting-edge technologies such as AI-based solutions, automation and IT technology since COVID-19 cases have declined.

A ransomware protection solution is necessary to conduct touchless activities safely and efficiently due to the rise of cyber threats such as ransomware attacks in industries such as healthcare, BFSI and government. Additionally, as businesses rapidly shift to digitization, there is an increased need for powerful endpoint security solutions that provide agile productivity and real-time reporting capabilities.

Market Growth Factors

Increasing pace of digitization among businesses

The rapid pace of digitalization in various countries around the world is one of the main reasons for the adoption of the latest solutions and services. Organizations are embracing digital transformation as a way to ease the transition to remote working. Significant security issues that have surfaced have impacted many people. Businesses have been taking advantage of digital transformation for years to become more flexible, economical and productive. The COVID-19 pandemic has also prompted many companies to adopt remote working practices at scale.

Increase in phishing attacks and increase in security breaches

There is a steady increase in the occurrence of various security breaches and data leaks around the world. Many businesses across different verticals have experienced any kind of phishing attack in their journey. They have an impact on security systems since many offline monitoring systems cause losses. Average computer crashes are one thing, but massive data loss is another. Ransomware protection eliminates the possibility of a prolonged business shutdown, reduces the likelihood of an attack being successful, and minimizes the recovery window for organizations.

Market restraining factors

Lack of strong IT infrastructure and low awareness among security professionals

Security professionals lack awareness of the benefits of ransomware protection services and solutions. The amount of data collected for security services has rapidly increased as systems become more dispersed, flexible and heterogeneous. Separating critical data has become a challenge for any IT business as the amount of data generated from various infrastructure components increases. Along with this, security professionals are unfamiliar with ransomware protection software and solutions, which is expected to impact the opportunities of the major players in the market.

Main topics covered:

Chapter 1. Market Scope and Methodology

Chapter 2. Market Overview
2.1 Presentation
2.1.1 Presentation Market composition and scenario
2.2 Key Factors Impacting the Market
2.2.1 Market Drivers
2.2.2 Market constraints

Chapter 3. Competitive Analysis – Global
3.1 Cardinal matrix
3.2 Recent Industry-Wide Strategic Developments
3.2.1 Partnerships, collaborations and agreements
3.2.2 Product launches and product extensions
3.2.3 Acquisitions and mergers
3.2.4 Geographic expansions
3.3 Main winning strategies
3.3.1 Key Primary Strategies: Percentage Breakdown (2018-2022)
3.3.2 Key Strategic Move: (Acquisitions & Mergers: 2018, May – 2022, May) Key Players

Chapter 4. Global Ransomware Protection Market by Vertical
4.1 Global Information and Telecommunications Technology Market by Region
4.2 Global BFSI Market by Region
4.3 Global Government and Defense Market by Region
4.4 Global Retail Market by Region
4.5 Global Education Market by Region
4.6 Global Healthcare & Life Sciences Market by Region
4.7 Global Other Verticals Market by Region

Chapter 5. Global Ransomware Protection Market by Component
5.1 Global Solutions Market by Region
5.2 Global Services Market by Region

Chapter 6. Global Ransomware Protection Market by Deployment Type
6.1 Global On-premises Market by Region
6.2 Global Cloud Market by Region

Chapter 7. Global Ransomware Protection Market by Organization Size
7.1 Global Large Enterprise Market by Region
7.2 Global Small & Medium Enterprise Market by Region

Chapter 8. Global Ransomware Protection Market by Application
8.1 Global Endpoint Protection Market by Region
8.2 Global Network Protection Market by Region
8.3 Global Database Protection Market by Region
8.4 Global Web Protection Market by Region
8.5 Global Email Protection Market by Region

Chapter 9. Global Ransomware Protection Market by Region

Chapter 10. Business Profiles
10.1 Intel Corporation
10.1.1 Company Overview
10.1.2 Financial analysis
10.1.3 Sectoral and regional analysis
10.1.4 Research & Development costs
10.1.5 SWOT Analysis
10.2 Broadcom, Inc. (Symentec Corporation)
10.2.1 Company Overview
10.2.2 Financial analysis
10.2.3 Sectoral and regional analysis
10.2.4 Research and development costs
10.2.5 SWOT Analysis
10.3 Bitdefender SRL
10.3.1 Company Overview
10.3.2 Recent Strategies and Developments: Partnerships, collaborations and agreements: Product launches and product extensions:
10.4 FireEye, Inc.
10.4.1 Company Overview
10.5 Sentinel One, Inc.
10.5.1 Company Overview
10.5.2 Recent Strategies and Developments: Partnerships, collaborations and agreements: Acquisition and merger: Geographic expansions:
10.6 Kaspersky Lab
10.6.1 Company Overview
10.6.2 Recent Strategies and Developments: Partnerships, collaborations and agreements: Acquisition and merger:
10.7 Trend Micro, Inc.
10.7.1 Company Overview
10.7.2 Financial Analysis
10.7.3 Regional Analysis
10.7.4 Research and development costs
10.7.5 Recent Strategies and Developments: Product launches and product extensions:
10.8 Sophos Group PLC (Thoma Bravo)
10.8.1 Company Overview
10.8.2 Recent Strategies and Developments: Product launches and product extensions: Acquisition and merger:
10.9 Zscaler, Inc.
10.9.1 Company Overview
10.9.2 Financial Analysis
10.9.3 Regional Analysis
10.9.4 Research and development costs
10.9.5 Strategies and Recent Developments: Product launches and product extensions: Acquisition and merger:
10.10. Malwarebytes, Inc.
10.10.1 Company Overview
10.10.2 Recent Strategies and Developments: Acquisition and merger:

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