[FURL=https://www.industryarc.com/Research/Ransomware-Protection-Market-Research-500567]Ransomware Protection Market[/FURL] is forecast to reach $24.12 billion by 2025, after growing at a CAGR of 14.87% during 2020-2025. The significant rise in the ransomware attacks is analyzed to boost the adoption rate of the ransomware protection solutions thereby elevating the growth of the ransomware protection market. The ransomware attacks are mainly caused through the spam mails, malicious ads, including the Trojans such as crypto locker virus, crypto wall, encryption virus and so on. The report covers Ransomware Protection Market size by type and applications, Ransomware Protection Market share by top 5 companies and also the market share by start-ups during the forecast period.Key Takeaways
North America dominates the Ransomware Protection market owing to the presence of a huge number of vendors of cybersecurity in this region.
Increased adoption of the cloud services, has created an opportunity for attackers to target any vulnerability. Thereby increasing in the adoption rate ransomware protection solutions.
Increasing emergence of ransomware-as-a-service model is analyzed to drive the ransomware protection market during the forecast period.
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Geography - Segment Analysis
North America dominated the Ransomware Protection market, followed by APAC and Europe. The significant rise in the ransomware attacks in this region in 2019 is attributing to the major market share. As stated by Emsisoft, there has been several ransomware attacks that costed around $7.5 billion with a potential impact on 103 state and municipal governments and agencies, 759 healthcare providers, and 86 universities and many other enterprises in 2019.
Drivers – Ransomware Protection Market
Rise in the phishing attacks and targeted security breaches
As stated by Symantec, the enterprise ransomware attacks has increased by 12% in 2018. These attacks have majorly impacted on the healthcare system due to the inaccessibility to medical records and, in some cases, permanently lost. They are impacted on the security systems as many Surveillance systems go offline thereby resulting in loss. Therefore the increasing phishing attacks is analyzed to drive the market during the forecast period 2020-2025.
Market Landscape: Technology launches, acquisitions and R&D activities are key strategies adopted by players in the Ransomware Protection market. In 2018, the market of Ransomware Protection has been consolidated by the top players including Intel Security, Malwarebytes, Symantec Corporation, FireEye, Sophos, Trend Micro, Bitdefender, Kaspersky Lab, Zscaler, and SentinelOne among others.
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