Ransomware Protection Market 2020-2023: Growing Rapidly With Emerging Trends, Technology, Future Growth, Revenue Analysis, Global Demand Forecast

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Sep 08, 2020 (AmericaNewsHour) —
Global Ransomware Protection Research Report- By Solution (Standalone Anti-Ransomware Software, End-Point Security, Network Security, Secure Web Gateways), by Service (Managed, Consulting, Support & Management), and by Application- Forecast till 2023

Market Scenario:

Ransomware protection relates to security against software that prevents users from reaching their most confidential data or threatens to make their private data public unless a ransom is given for the same.Technology giants Microsoft launches new Windows Defender Exploit Guard update in Windows 10 Fall Creators. One of its characteristics, Controlled folder access, restricts ransomware in its tracks by limiting illegal access to valuable user files. Controlled folder access secures folders, allowing only authorized apps to access data. Unauthorized apps, including ransomware and additional DLLs, malicious executable files, and scripts are refused access to folders.

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Ransomware is the most prominent and dangerous cyber threat, which gets installed on the computer systems either by enciphering the data or by locking the system unless a ransom is paid. Therefore, to guard the systems and to improve the security, the companies have made investments more than before, especially in securing the data, network, and endpoints from several advanced cyber threats and crypto-malware which also include ransomware.

Threat intelligence resolution is widely preferred and used to prevent cyber threat. Hence, owing to its vast demand, threat intelligence resolution is forecasted to witness tremendous growth in the global ransomware protection market. Various organizations are utilizing threat intelligence resolutions to fight multiple advanced cyber threat and ransomware threat, because of the reliable resolutions offered and efficient threat identification. This helps in reducing cyber threats which are based on security intelligence support and security event to determine business risks. Also, a protected web gateways solution is also a resolution that protects against cyber threats. All such factors are foreseen to boost the ransomware protection market in the forthcoming years.

APAC region is expected to rise at the highest CAGR throughout the projection period. Due to the high-security solutions investment in the area by enterprises in major nations such as China, India, Japan, Australia, Singapore, for ransomware protection. Moreover, North America is foreseen to have the biggest market size in 2016, as they are the initial adopters of the security technologies.The global ransomware protection market is expected to grow at a CAGR of approximately 15% during the forecast period 2017-2023.

Global Ransomware Protection Market, 2017-2023 (USD Billion)

Key Players:

Some of the major players in the global Ransomware Protection market: Microsoft Corporation (U.S.), Sophos Ltd. (U.K), Intel Security (McAfee) (U.S.), Symantec Corporation (U.S.), Kaspersky Lab (Russia), Malware bytes Corp (U.S.), McAfee Inc. (U.S.), Avast Software S.R.O (Czech Republic), Cisco System Inc.(U.S.), Palo Alto Networks Inc.(U.S.), Sentinelone (U.S.), Zscaler, Inc. (U.S.), and others.

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The global ransomware protection market is segmented by the solution, services, and applications. Based on a solution, the global market is divided into standalone anti-ransomware software, end-point security solution, network security solution, secure web gateways, application control, and others. Based on the service, the global market is divided into managed services, consulting services, and support & management services. By application, the global ransomware protection market is split into web protection, endpoint protection, and database protection.

Regional Analysis:

North America is forecasted to witness the immense growth in the ransomware protection market, owing to the presence of a large number of merchants of cyber security in this area. These merchants mainly offer high pioneering ransomware security solutions. Asia Pacific is also foreseen to show growth opportunities in the ransomware protection market owing to the emerging economies including China, India, and Australia heavily spending for cyber security solutions.

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Intended Audience

Technology Investors

Research/Consultancy firms

Technology Solution Providers

Government Bodies

Original Equipment Manufacturers

Consulting and training service providers

About Kenneth Research:

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