Ransomware Protection Market : An Insight On the Important Factors and Trends Influencing the Market

Ransomware attacks have touched a new high in the 21st century and affected governments, corporates, and even the average citizen. Few are able to recover from this sustained attack to their confidential data in the event of a hit. Conventional firewalls and anti-virus software has been largely ineffective and only specialized ransomware protection software can offer a shield from this scourge.

In a new report titled ‘Ransomware Protection Market: Global Industry Analysis (2012 – 2016) and Forecast (2017 – 2025)’ Persistence Market Research forecasts the global ransomware protection market to be worth just under US$ 33 Bn by end 2025 – recording a CAGR of 15.9% in terms of value.

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The global ransomware protection market is segmented on the basis of Component into Solution (End Point Security Solution, Network Security Solution) and Service (Consulting Service, Support and Management Services); on the basis of End User into Commercial and Residential; on the basis of Deployment into Cloud and On-Premise; and on the basis of Region into North America, Latin America, Europe, APAC, and MEA.

Persistence Market Research has profiled the most prominent companies active in the global ransomware protection market. Companies featured in the report include Bitdefender, Check Point Software Technologies, Alien Vault, Barracuda Networks, Webroot, Zemana, Palo Alto Networks, Cisco System, Avast Software, McAfee, Malwarebytes, Kaspersky Lab, Symantec Corporation, Trend Micro Incorporated, Sophos, and Microsoft Corporation.

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Ransomware is a menace that needs to be tackled with a truly proactive, global approach. Latin America and Europe seem to be taking the lead in this and key players in the ransomware protection market should target countries such as the U.K, Brazil, Mexico, and the Netherlands as the growth rates are quite high there.

In addition to private players, even the governments of these countries have become well-aware of the threat ransomware poses and they have made it a priority to develop advanced techniques to keep this pressing challenge at bay. Solution providers must enhance their product offerings as hackers are always trying to breach existing defenses, making constant vigilance the best option in the ransomware protection market.

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