Ransomware Protection Market | Global Industry is projected to reach USD 20 Billion by Forecast to 2023

“Ransomware Protection Market”
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

Ransomware Protection Market Overview:

Cyber threats are growing day by day following increase in the level of sensitive information that is stored online. Market Research Future which concentrates on market reports linked to the Information and Communications Technology sector amongst others recently made available a report on this sector. The industry is expected to grow with a CAGR of 15 per cent approximately during the forecast period.

Increasing level of digitization has increased the level of ransomware attacks that are carried out. The need to counter this threat effectively has led to an increase in the number of ransomware software and apps. Increase in organization size and rising complexity of IT infrastructure has given way to growth of such threats. This scenario has created a situation in which the demand for ransomware protection software has gone up significantly and has led to significant growth and development of the market.

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Major Key Players:

The key competitors in the global ransomware protection market are Symantec Corporation (U.S.), Sophos Ltd. (U.K), Microsoft Corporation (U.S.), Intel Security (McAfee) (U.S.), Malware bytes Corp (U.S.), Kaspersky Lab (Russia), and McAfee Inc. (U.S.) to name a few.

Industry Segments:

The Ransomware Protection Market globally is segmented on the basis of solution, services, and applications. The market based on a solution is segmented into end-point security solution, standalone anti-ransomware software, network security solution, application control, secure web gateways and others. The global market on the basis of service, is split into consulting services, managed services and support & management services. The application basis of the ransomware protection market worldwide are categorized into web protection, endpoint protection and database protection.

Detailed Regional Analysis:

The ransomware protection market includes regions such as Europe, North America, Asia Pacific and Rest of the World. The North American industry is forecasted to observe enormous growth in the ransomware protection sector, owing to the existence of a huge number of merchants of cyber security in this region. These suppliers mainly offer high pioneering ransomware security solutions. The Asia Pacific region is also anticipated to show development opportunities in the ransomware protection sector due to the emerging economies including India, China and Australia heavily spending for cyber security solutions.

Global Competitive Analysis:

The profitable circumstances accessible in this market are being applied by candidates who are trying to increase their market coverage by focused development which can encourage the expansion of this business sector. The companies are trying to create and capture economic value together in an appropriate manner. This has raised the possibilities for the approaching growth period significantly. This consequence has further proven to be fruitful for companies so they can fix target that can uphold their commercial enterprise’s liquidity to take the most active decisions in terms of strategy execution and designing. The merchandise are also being diversified to large extent to keep up with the robust pace of technological discoveries.

Industry Updates:

Mar 2018 Proficio, a managed security services provider and CyberSight which is a cybersecurity firm are collaborating together as part of a tactical association to combine anti-ransomware protection with managed detection and response. Proficio’s which has a 24 by 7 managed security service portfolio and provides alerts and monitoring, automated response and vulnerability management by way of their security operation centers (SOCs) in Barcelona, Singapore and San Diego. The firm will also offer CyberSight’s solution named RansomStopper as part of its SOC-as-a-Service platform.

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Feb 2018 TeamViewer which is a well-known and prominent global software supplier for support, connectivity, IoT, monitoring, and team collaboration, has recently announced the availability of an Anti-Malware Outlook Add-In along with new proactive ransomware protection benefits for its ITbrain Anti-Malware software. The ITbrain Anti-Malware guards computers against threats such as trojans, viruses, rootkits and spyware. It also additionally allows system administrators to outline adjustable strategies and to adjust Anti-Malware features to the firm’s needs.

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