Global Ransom Ware Protection Market – Industry Trends and Forecast to 2024
Market Analysis: Global Ransom Ware Protection Market
The global ransom ware protection market accounted for USD 8.5 billion in 2016 growing at a CAGR of 16.95% during the forecast period of 2017 to 2024. The upcoming market report contains data for historic year 2014, 2015, the base year of calculation is 2016 and the forecast period is 2017 to 2024.
Market Definition: Global Ransom Ware Protection Market
The ransom ware restricts access to data by encrypting files or locking computer screens. It’s possibly the most dangerous form of malware the average person regularly encounters. Once infected, the victim often has no choice but to pay the “ransom,” usually a huge amount of money. The ransom ware protection helps in keeping the operating system and other software fully updated and patched, and to run robust, self-updating antivirus software. The growing phishing attacks are expected to boost the market for ransom ware protection market.
Major Market Drivers & Restraints:
Growing Phishing Attacks
Emergence of Ransom Ware-As-A-Service Model
Advent of Crypto-Currencies
Availability of Free Endpoint Security Solutions for Ransom Ware Protection
Market Segmentation: Global Ransom Ware Protection Market
The global ransom ware protection market is segmented on the basis of solution into standalone anti-ransom ware software, secure web gateways, application control, intrusion detection system/intrusion prevention system (IDS/IPS), web filtering, threat intelligence and others.
On the basis of service, the global ransom ware protection market is segmented into managed services and professional services. The professional services are further sub segmented into consulting, training & education and support & maintenance.
On the basis of application, the global ransom ware protection market is segmented into network protection, email protection, endpoint protection, database protection and web protection.
On the basis of deployment mode, the global ransom ware protection market is segmented into cloud and on-premises.
On the basis of organization size, the global ransom ware protection market is segmented into small and medium enterprises (SMEs) and large enterprises.
On the basis of vertical, the global ransom ware protection market is segmented into government & defense, banking, financial services, and insurance (BFSI), IT & telecom, healthcare, education, energy & utilities, retail and others.
On the basis of geography, global ransom ware protection market report covers data points for 28 countries across multiple geographies such as North America, South America, Europe, Asia-Pacific, and Middle East & Africa. Some of the major countries covered in this report are U.S., Canada, Germany, France, U.K., Netherlands, Switzerland, Turkey, Russia, China, India, South Korea, Japan, Australia, Singapore, Saudi Arabia, South Africa, and Brazil among others. In 2017, North America is expected to dominate the market.
Company Share Analysis: Global Ransom Ware Protection Market
The report for ransom ware protection market include detailed vendor level analysis for market shares in 2016 for Global, North America, Europe, Asia Pacific, Middle East and Africa and South America specifically. Also impact and development analysis of key vendors is registered in the market and factored on the basis of Vendor Positioning Grid Analysis which measures the vendors strengths and opportunities against present market challenges, measure providers ability to identify or satisfy present market needs, map providers market vision to current and upcoming market dynamics among others. The report also measures technology life line curve and market time line to analyze and do more affective investments.
Major Market Competitors: Global Ransom Ware Protection Market
Some of the major players of the global ransom ware protection market are Zscaler, Inc., Malwarebytes, Intel Corporation, Symantec Corporation, Trend Micro, FireEye, Inc., Sophos Ltd., AO Kaspersky Lab, SentinelOne, Bitdefender among others.
Research Methodology: Global Ransom Ware Protection Market
Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analyzed and forecasted using market statistical and coherent models. Also market share analysis and key trend
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