Global Ransomware Protection Market Size, Share, Growth Analysis, By Component, By Deployment Mode, By Organization size, By Application, By Solution

Description

Ransomware Protection Market size was valued at USD 17.28 billion in 2021 and is poised to grow from USD 20.3 billion in 2022 to USD 73.9 billion by 2030, growing at a CAGR of 17.5% in the forecast period (2023-2030).

The global ransomware protection market is expected to grow positively between 2023 and 2030 due to the increasing prevalence of cybercrimes and the potential risk of sensitive data leakage through digital channels. Organizations are investing in software solutions to secure their networks, endpoints, and data from innovative cyber threats and crypto-malware, with threat intelligence solutions being widely adopted. The market is driven by the complex network systems that support the global digital economy, leading to the development of various anti-ransomware verticals. The demand for ransomware protection as a service is on the rise, especially with the use of cryptocurrencies for ransom payments. Technological advancements have also extended ransomware protection to mobile devices, contributing to the high demand for anti-malware solutions across affected and threatened users.

Segments covered in this report:

The global ransomware protection market is segmented based on component, organization size deployment mode, application, solution, and region. Based on deployment mode, the market is segmented into on-premise and cloud. Based on component, the market is segmented into solutions and services. Based on organization size, the market is segmented into large enterprises and SMEs. Based on application, the market is segmented into network protection, endpoint protection, email protection, database protection, and web protection. Based on solution, the ransomware protection market is segmented into BFSI, retail, healthcare, education, government and defense, IT, telecom, and others. Based on region the global ransomware protection market is segmented into North America, Europe, Asia-Pacific, South America, and MEA.

Driver

Web filtering and threat intelligence solutions are gaining popularity as businesses seek non-traditional methods to combat ransomware attacks. With the shift to remote working, organizations are embracing digital transformation to enhance agility and productivity. However, the increased reliance on virtual office mechanisms also raises the risk of cyberattacks, leading to the rapid adoption of protection solutions. This heightened vulnerability of connected devices is driving the demand for comprehensive protection solutions, fueling the growth of the ransomware protection industry.

Restraint

The widespread adoption of BYOD policies poses a significant challenge due to the vulnerability of unsecured connected devices. While BYOD offers convenience and flexibility, these devices can serve as entry points for ransomware attacks, potentially compromising the security of cloud computing. Strict implementation of Mobile Phone Management or VPNs is crucial to mitigate these security risks.

Market Trends

The increasing digitization of industries has led to a higher demand for robust endpoint security solutions with agile efficiency and real-time reporting features. Businesses are facing challenges in executing key processes, maintaining accurate reporting, operating complex systems, and effective communication due to the pandemic. As a result, there is an increased investment in ransomware protection to achieve digital transformation and enhance security features, thereby driving market growth post-pandemic.

Product Code: SQSG45E2049

Executive Summary

Market Overview
Wheel of Fortune

Research Methodology

Information Procurement
Secondary & Primary Data Sources
Market Size Estimation
Market Assumptions & Limitations

Parent Market Analysis

Market Overview
Market Size
Market Dynamics
- Drivers
- Opportunities
- Restraints
- Challenges

Key Market Insights

Technology Analysis
Pricing Analysis
Supply Chain Analysis
Value Chain Analysis
Ecosystem of the Market
IP Analysis
Trade Analysis
Startup Analysis
Raw Material Analysis
Innovation Matrix
Pipeline Product Analysis
Macroeconomic Indicators
Top Investment Analysis
Key Success Factor
Degree of Competition

Market Dynamics & Outlook

Market Dynamics
- Drivers
- Opportunities
- Restraints
- Challenges
Regulatory Landscape
Porters Analysis
- Competitive rivalry
- Threat of Substitute Products
- Bargaining Power of Buyers
- Threat of New Entrants
- Bargaining Power of Suppliers
Skyquest Special Insights on Future Disruptions
- Political Impact
- Economic Impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact

Global Ransomware Protection Market by Component

Market Overview
Solution
Services

Global Ransomware Protection Market by Deployment Mode

Market Overview
On-premise
Cloud

Global Ransomware Protection Market by Organization size

Market Overview
Large Enterprises
SME's

Global Ransomware Protection Market by Application

Market Overview
Network protection
Endpoint protection
Email protection
Database protection
Web protection

Global Ransomware Protection Market by Solution

Market Overview
Standalone Anti-Ransomware Software
End-Point Security
Network Security
Secure Web Gateways

Global Ransomware Protection Market Size by Region

Market Overview
North America
- USA
- Canada
Europe
- Germany
- Spain
- France
- UK
- Rest of Europe
Asia Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia-Pacific
Latin America
- Brazil
- Rest of Latin America
Middle East & Africa (MEA)
- GCC Countries
- South Africa
- Rest of MEA

Competitive Landscape

Top 5 Player Comparison
Market Positioning of Key Players, 2021
Strategies Adopted by Key Market Players
Top Winning Strategies
- By Development
- By Company
- By Year
Recent Activities in the Market
Key Companies Market Share (%), 2021

Key Company Profiles

Symantec Corporation
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
McAfee LLC
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Trend Micro Incorporated
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Sophos Ltd.
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Kaspersky Lab
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Microsoft Corporation
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Cisco Systems, Inc.
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
FireEye, Inc.
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
IBM Corporation
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Palo Alto Networks, Inc.
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Carbon Black, Inc.
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Check Point Software Technologies Ltd.
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
CrowdStrike Holdings, Inc.
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
SentinelOne, Inc.
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
ESET, spol. s r.o.
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Bitdefender LLC
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Fortinet, Inc.
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Malwarebytes Corporation
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Cylance Inc.
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
F-Secure Corporation
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments

Global Ransomware Protection Market Size, Share, Growth Analysis, By Component, By Deployment Mode, By Organization size, By Application, By Solution - Industry Forecast 2023-2030