Ransomware Protection Market - Global Industry Analysis, Size, Share, Trends, Analysis, Growth, and Forecast 2017 - 2025

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Ransomware Protection Market - Global Industry Analysis, Size, Share, Trends, Analysis, Growth, and Forecast 2017 - 2025

Status : December, 2021 | Technology & Media

Report Digest


Global Ransomware Protection Market: Snapshot 

The global ransomware protection market is prognosticated to be bolstered on the back of the growing need for email protection since email is researched to be a top source used for ransomware distribution. The May 2017 cyberattack that affected about 150 countries was spiked by the WannaCry malware, which is supposed to have infected over 100,000 computers worldwide. The malware urged computer users to download it via email, and it took no time to spread across the industry while creating a massive havoc. 

One of the fastest-growing solutions in the global ransomware protection market is threat intelligence. This could be due to the increasing demand for combating malicious cyberattacks such as ransomware. As a result, a majority of organizations are envisaged to invest in protection from security breaches and cyberattacks at a global platform. 

The healthcare industry is a primary target of most security hackers and commonly affected by ransomware attacks. In this regard, seasoned analysts foresee ample of business opportunities to take birth through this vertical in the global ransomware protection market. Compared to other industries, healthcare could significantly fall prey to ransomware attacks on account of the aggressive digitalization of electronic patient health information and other medical data. 

Nevertheless, industry players are foretold to cash in on the dominating share of banking, financial services, and insurance (BFSI) in the global ransomware protection market supported by the ballooning implementation of mobile and web applications for banking payments and transactions. 

With no clear end in view, cyberattacks are expected to continue for the longest period of time. Ransomware was first introduced in 1989 with ‘PC Cyborg Trojan’ which extorted a ransom of approximately US$189 from the victim. 

Global Ransomware Protection Market: Overview 

Ransomware is capable of preventing access to operating systems and encrypting files such that any PC user can’t use them. It can target home computers, the end point in an organization network, and servers used by healthcare providers or government agencies. The potential data and financial loss caused by ransomware are mandating the deployment of ransomware protection solutions. The growth of the global ransomware protection market is primarily fuelled by end-user industries such as BFSI, education, healthcare, and government and defense. The commonly available protection solutions are secure web gateways, application control, standalone anti-ransomware software, web filtering, intrusion detection system/intrusion prevention system (IDS/IPS), and threat intelligence. 

The research report on the global ransomware protection market is compiled using data from various paid and unpaid sources including journals, white papers, presentations, and press releases. It serves as an essential source containing a detailed description of drivers, restraints, and opportunities and an analysis of the extent to which they impact the growth of the market. In addition, it includes Porter’s five force analysis that is useful in deriving the competitive landscape of the market. It profiles key players in the market along with their market shares, cost and revenue structures, business strategies, latest developments, and contact information. 

Global Ransomware Protection Market: Drivers and Restraints

The increasing cases of targeted security breaches and phishing attacks are by far the leading factor driving the global ransomware protection market. The large ransom demanded by hackers through these attacks is one of the major concerns for organizations worldwide. The information extracted by hackers usually has a huge demand in the black market, which can adversely affect the overall growth of an organization. Moreover, the introduction of crypto-currencies for ransom payments and the growing popularity of ransomware-as-a-service model are working in favor of the growth of the market. On the other end, the presence of free solutions for endpoint security for ransomware is hampering the overall revenue generation of the global ransomware protection market. 

Global Ransomware Protection Market: Geographical Segmentation 

The key segments analyzed in the report on the basis of geography are North America, Asia Pacific, Europe, and Rest of the World. North America and Europe will collectively represent a substantial share in the market in the forthcoming years. The domicile of a large number of key players along with the early adoption of advanced security technologies provides an edge to these regions over other regions. The high incidence of hacking via ransomware attacks is one of the primary factors augmenting the growth of these regions. 

Asia Pacific is likely to register a noteworthy CAGR over the forecast horizon. The growth of the region can be attributed to the increasing spending by enterprises on security and cyber protection. Countries such as Australia, China, India, Japan, and Singapore will be the major contributors to the growth of the region. Small and medium-sized enterprises (SMEs) in this region are highly targeted by ransomware perpetrators to extort large ransom. 

Global Ransomware Protection Market: Competitive Landscape 

The majority of the players in the global ransomware protection market are focusing on the development of new products to attain inorganic growth in the global ransomware protection market. Partnerships and acquisitions are also among the commonly adopted strategies by prominent players to boost their offerings in the market. Some of the prominent players in the global ransomware protection market are Symantec Corporation, Intel Security, Malwarebytes, Trend Micro, Kaspersky Lab, Bitdefender, Zscaler, and SentinelOne.

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5-Point Growth Formula

The 5-point growth formula developed by TMR Research provides an insight to the stakeholders and CXOs about the current situation in the market. The growth formula makes the report a perfect companion for the stakeholders and CXOs.

The 5-point growth formula includes the following points:

  • Current and Future Threats
  • Accurate Trend Analysis
  • Regional Assessment
  • Industrial Analogy
  • COVID-19 Impact

Current and Future Threats

Along with studying the opportunities necessary for growth, threats are also an important aspect to look upon for the companies and stakeholders in a specific sector. TMR Research studies every negative aspect that will hinder the growth of a specific area of business and includes it in the report. The stakeholders and CXOs will have the benefit of assessing the threat and take the necessary steps to prevent the hindrance caused due to the threats.

Accurate Trend Analysis

Keeping up with the latest trends is crucial in any business or sector. While stakeholders are aware of the trends that are on the surface, TMR Researchers find trends that are deeply entrenched in the particular market or sector. The reports are constantly updated with the latest trends so that the stakeholders and CXOs can derive benefits from the trends and generate good revenues.

Regional Assessment

Demography forms an important part of the growth pattern of all the markets. Diving deep into the demographics enables maximum output from specific areas. The TMR Research team assesses every region and picks out the vital points that have a large impact on the growth of a market.

Industrial Analogy

The analysts at TMR Research conduct an all-round analysis on the competitive landscape of the market. The observations recorded by the analysts are added to the reports so that every stakeholder gets a glimpse of the competitive scenario and frame their business plans according to the situation.

COVID-19 Impact

The COVID-19 outbreak has changed the growth projections of numerous sectors and businesses. The analysts at TMR Research have conducted a conscientious survey on the markets after the pandemic struck. The analysts have put forth their brilliant and well-researched opinions in the report. The opinions will help the stakeholders to plan their strategy accordingly.

The reports offer answers to the top 7 questions that revolve around the growth of the market

  • What are the diverse growth parameters influencing the market?
  • Which regions will contribute largely to the growth of the market
  • What are the recent innovations and technological advancements in the market?
  • What are the emerging trends across the market?
  • How has COVID-19 affected the market?
  • What will be the post-pandemic scenario of the market?
  • What are the major threats that will dent the growth prospects of the market?