The ransomware protection market was valued at US$12.875 billion in 2019 and is expected to grow at a CAGR of 14.54% over the forecast period to reach a market size of US$29.072 billion by 2025. Rising incidence of ransomware attacks and increasing severity of such attacks is a major factor driving the growth of the market. As businesses continue to come online and reliance on technologies continues to increase, losses associated with ransomware attacks are increasing in magnitude. Increasing focus of enterprises to fortify their infrastructure against such losses and huge amounts being poured by them into IT security are increasing the adoption of ransomware protection solutions and services, thus boosting the growth of the market. Geographically, North America and Europe, being the early adopters of new technologies, hold a major share in the market on account of highest penetration of digitization into business processes in these regions. The market in Asia Pacific is expected to show a good growth over the projected period and this growth will majorly be attributed to rapid growth of industries in this region.
This research study examines the current market trends related to the demand, supply, and sales, in addition to the recent developments. Major drivers, restraints, and opportunities have been covered to provide an exhaustive picture of the market. The analysis presents in-depth information regarding the development, trends, and industry policies and regulations implemented in each of the geographical regions. Further, the overall regulatory framework of the market has been exhaustively covered to offer stakeholders a better understanding of the key factors affecting the overall market environment.
Identification of key industry players in the industry and their revenue contribution to the overall business or relevant segment aligned to the study has been covered as a part of competitive intelligence done through extensive secondary research. Various studies and data published by industry associations, analyst reports, investor presentations, press releases and journals among others have been taken into consideration while conducting the secondary research. Both bottom-up and top down approaches have been utilized to determine the market size of the overall market and key segments. The values obtained are correlated with the primary inputs of the key stakeholders in the ransomware protection value chain. Last step involves complete market engineering which includes analysing the data from different sources and existing proprietary datasets while using various data triangulation methods for market breakdown and forecasting.
Market intelligence is presented in the form of analysis, charts, and graphics to help the clients in gaining faster and efficient understanding of the ransomware protection market.
Major market players profiled as part of the report are McAfee, Symantec Corporation, Trend Micro, Inc., FirEeye, Inc., Sophos Ltd, Bitdefender, Kaspersky Lab, Malwarebytes and Zscaler, Inc.
The ransomware protection market is segmented by offering, deployment model, enterprise size, application, end-user industry and geography.
By Deployment Model
By Enterprise Size
By End-User Industry
Communication and Technology
Media and Entertainment
Middle East and Africa