Dublin, Sept. 01, 2022 (GLOBE NEWSWIRE) — “Global Ransomware Protection Market Size, Share & Industry Trends Analysis Report, By Industry, By Component (Solutions & Services), By Deployment Type (On-Premises & Cloud), By Outlook and Forecast by Organization Size, Application and Region, 2022-2028 report added of ResearchAndMarkets.com Recruitment.
The global ransomware protection market size is expected to reach $46.7 billion by 2028, with market growth of 16.6% during the forecast period.
One type of cryptovirological malware called ransomware threatens to permanently unlock or block access to the victim’s data if the ransom is not paid. More advanced malware employs a technique called cryptovirus extortion, which encrypts the victim’s files to make them inaccessible and demands a ransom payment to unlock the device.
This method is not difficult for professionals to reverse. Identifying and limiting payments requires ransomware protection. This is expected to protect and protect your data in addition to your system. Ransomware attacks typically use Trojan horses that customers download or open whenever an email attachment arrives, disguised as a legitimate file.
There have been several ransomware attacks over the years against computer systems of both small businesses and large enterprises. Unchecked PDF downloads from untrusted and unverified communications usually lead to ransomware infection of your computer or PC. Ransomware protection provides security against ransomware attacks that lock your data until the ransom is paid. It serves as a defense against assault and a guide for a quick and safe return to normal activity.
In addition, it provides preventive measures such as access control, security, and client authentication to protect data from attacks. In addition, regular monitoring of anomalies enables early identification of attacks, thus reducing their impact. In addition, we have streamlined procedures that can reduce the workload associated with identifying and responding to threats. Security teams save resources and time because they have fewer tools and dashboards to monitor on a regular basis. As a result of these developments, the market will expand.
Anti-malware software is in high demand and is expected to increase during the forecast period. This is because ransomware protection is a critical component for both affected and threatened customers. A preferred and frequently used method for thwarting such cyberattacks is threat intelligence services. The need for cyber threat solutions is growing among enterprises. The majority of businesses rely heavily on cyber threat solutions because they are successful and effective in identifying attacks and combating a wide range of advanced cyber threats and ransomware threats.
COVID-19 impact analysis
Across the globe, businesses have been severely impacted by the COVID-19 outbreak. Lockdowns implemented by many governments have had a positive impact on the use of ransomware protection. We focus on cutting edge technology.
With increasing cyber threats such as ransomware attacks in sectors such as healthcare, BFSI and government, ransomware protection solutions are required to conduct contactless activities safely and effectively. Additionally, as businesses rapidly move to digital, the need for robust endpoint security solutions that provide agile productivity and real-time reporting capabilities increases.
Market growth factors
The pace of enterprise digitization accelerates
The rapid pace of digitization in various countries of the world is one of the main reasons for adopting the latest solutions and services. Organizations are embracing digital transformation as a means to facilitate the shift to remote work. The serious security concerns that have surfaced have affected many. Businesses have been benefiting from digital transformation for years when it comes to improving flexibility, economics and productivity. The COVID-19 pandemic has also prompted many companies to adopt remote work practices on a large scale.
More Phishing Attacks, More Security Breaches
There are constantly increasing cases of various security breaches and data breaches all over the world. Many businesses in various industries experience all kinds of phishing attacks in the process. A large number of offline surveillance systems cause losses, thus affecting security systems. An average IT outage is one problem, but a massive data loss is quite another. Protecting against ransomware eliminates the possibility of a prolonged business shutdown, lowers the likelihood of an expected successful attack, and minimizes your organization’s recovery time.
Market restraining factors
Lack of strong IT infrastructure and low awareness among security professionals
There is a lack of awareness among security professionals about the benefits of ransomware protection services and solutions. The amount of data collected for security services is growing rapidly as systems become more distributed, flexible, and heterogeneous. As the amount of data generated from various infrastructure components increases, isolating critical data has become a challenge for any IT company. On top of that, security professionals are not familiar with ransomware protection software and solutions, which is expected to impact opportunities for key market players.
Main topics:
Chapter 1 Market Scope and Methodology
Chapter 2 Market Overview
2.1 Introduction
2.1.1 Overview
2.1.1.1 Market Composition and Scenario
2.2 Key Factors Affecting the Market
2.2.1 Market Driver
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 Launch and Product Expansion
3.2.3 Acquisitions and mergers
3.2.4 Geographic expansion
3.3 Top Winning Strategies
3.3.1 Key Key Strategies: Proportion Distribution (2018-2022)
3.3.2 Key Strategic Moves: (Acquisitions and Mergers: May 2018 – May 2022) Major Players
4. Global Ransomware Protection Market by Vertical
4.1 Global IT and Telecom 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 and Life Sciences Market by Region
4.7 Global Other Vertical Market by Region
Chapter 5 Global Ransomware Protection Market by Component
5.1 Global Solutions Market by Region
5.2 Global Service 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 SME 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 Company Profile
10.1 Intel Corporation
10.1.1 Company Profile
10.1.2 Financial analysis
10.1.3 Segment and Regional Analysis
10.1.4 Research and development expenses
10.1.5 SWOT Analysis
10.2 Broadcom, Inc. (Symentec Corporation)
10.2.1 Company Profile
10.2.2 Financial analysis
10.2.3 Segment and Regional Analysis
10.2.4 Research and development expenses
10.2.5 SWOT Analysis
10.3 Bitdefender SRL
10.3.1 Company Profile
10.3.2 Recent Strategies and Developments:
10.3.2.1 Partnerships, Collaborations and Agreements:
10.3.2.2 Product Launch and Product Expansion:
10.4 FireEye Ltd.
10.4.1 Company Profile
10.5 Sentinel One
10.5.1 Company Profile
10.5.2 Recent Strategies and Developments:
10.5.2.1 Partnerships, Collaborations and Agreements:
10.5.2.2 Acquisitions and mergers:
10.5.2.3 Geographic Expansion:
10.6 Kaspersky Lab
10.6.1 Company Profile
10.6.2 Recent Strategies and Developments:
10.6.2.1 Partnerships, Collaborations and Agreements:
10.6.2.2 Acquisitions and mergers:
10.7 Trend Micro Inc.
10.7.1 Company Profile
10.7.2 Financial analysis
10.7.3 Regional Analysis
10.7.4 Research and development expenses
10.7.5 Recent Strategies and Developments:
10.7.5.1 Product Launch and Product Expansion:
10.8 Sophos Group PLCs (Thoma Bravo)
10.8.1 Company Profile
10.8.2 Recent Strategies and Developments:
10.8.2.1 Product Launch and Product Expansion:
10.8.2.2 Acquisitions and mergers:
10.9 Zscaler, Inc.
10.9.1 Company Profile
10.9.2 Financial Analysis
10.9.3 Regional Analysis
10.9.4 Research and development expenses
10.9.5 Recent Strategies and Developments:
10.9.5.1 Product Launch and Product Expansion:
10.9.5.2 Acquisitions and mergers:
10.10. Malwarebytes, Inc.
10.10.1 Company Profile
10.10.2 Recent Strategies and Developments:
10.10.2.1 Acquisitions and Mergers:
For more information on this report, please visit https://www.researchandmarkets.com/r/a6l6hp.
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