Ransomware protection market is anticipated to grow at a CAGR of 17.5% during the forecast period (2024-2031). The market’s growth is attributed to the growing demand for moderate strategies used by cyber adversaries across the globe. In order to keep to produce the constantly changing landscape of cyber threats and the nimble methods of ransomware, organizations need to implement preventive protection measures. Furthermore, the market players are seeking for the new product launch to meet the demand for the program to protect from attacks. For instance, in May 2023, the Cybersecurity & Infrastructure Security Agency (CISA) unveiled the Ransomware Vulnerability Warning Pilot (RVWP) program to help ensure essential infrastructure organizations can protect their systems from ransomware attacks. The RVWP pilot updates agencies on potential attack targets, allowing security teams to initiate appropriate action.
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The global ransomware protection market is segmented on the deployment mode, organization size, component, application, and industry vertical. Based on the deployment mode, the market is sub-segmented into on-premise and cloud. Based on the organization size, the market is sub-segmented into large enterprises and small and medium-sized enterprises. Based on the component, the market is sub-segmented into solutions and services. Based on the application, the market is sub-segmented into network protection, endpoint protection, email protection, database protection, and web protection. Furthermore, based on industry vertical, the market is sub-segmented into government and defense, it and telecom, BFSI, retail, healthcare, education, and others (transportation and logistics, and media and entertainment). The cloud subcategory is expected to capture a significant portion of the market share within the deployment segment. The growth can be attributed to the owing that cloud services are widely used in a variety of businesses, with anti-ransomware capabilities integrated to satisfy a wide range of cybersecurity requirements. For instance, in May 2020, Alibaba Cloud Security Center released an anti-ransomware feature to help customers defend against ransomware on the cloud.
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- Market Coverage
- Market number available for – 2024-2031
- Base year- 2024
- Forecast period- 2024-2031
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill
- , and others
Market Segmentation
Global Ransomware Protection Market by Deployment Mode
- On-Premise
- Cloud
Global Ransomware Protection Market by Organization Size
- Large Enterprises
- Small and Medium-sized Enterprises (SMEs)
Global Ransomware Protection Market by Component
- Solution
- Components
Global Ransomware Protection Market by Application
- Network Protection
- Endpoint Protection
- Email Protection
- Database Protection
- Web Protection
Global Ransomware Protection Market by Industry Vertical
- Government and Defense
- IT and Telecom
- BFSI
- Retail
- Healthcare
- Education
- Others (Transportation and Logistics, Media and Entertainment)
Company Profiles
- Broadcom, Inc.
- Check Point Software Technologies Ltd.
- Cisco Systems, Inc.
- CrowdStrike, Inc.
- CyberArk Software Ltd.
- FireEye, Inc.
- Fortinet, Inc.
- Malwarebytes
- McAfee, LLC.
- Palo Alto Networks, Inc.
- SentinelOne, Inc.
- SonicWall, Inc.
- Sophos Ltd.
- Trend Micro Inc.
- Varonis Systems, Inc.
- Zscaler, Inc.
The Report Covers
- Market value data analysis of 2023 and forecast to 2031.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global ransomware protection market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies. Competitive strategies by identifying ‘who-stands-where’ in the market.
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