Ransom ware protection is security software that prohibits the user from reaching their confidential data, protect from threats to make their data private unless a ransom is given to them. It is software that allows an individual to restrict ransomware to access their folders by employing limiting illegal access. Ransomware is the most hazardous cybercrime that is being installed in the computer or by enciphering the information they used to blackmail an individual for some amount of ransom.
The market is segmented on the basis of solution as standalone anti-ransom ware software, secure web gateways, application control, IDS/IPS, web filtering, threat intelligence, others; service as professional services, consulting, training and education, support and maintenance, managed services; application as network protection, endpoint protection, email protection, database protection, web protection; deployment mode as cloud, on premise; organization size as SMEs, large enterprises; vertical as government & defense, BFSI, IT & telecom, healthcare, education, energy & utilities, retail, others; end user as commercial, residential.
According to Data Bridge Market Research, global ransom ware protection market is expected to grow at a healthy CAGR of 17.80% during the forecast period of 2019 to 2026
Some of the major players operating in the market are Intel Corporation, Symantec Corporation, Trend Micro Incorporated., FireEye, Inc., Sophos Ltd., Bitdefender, AO Kaspersky Lab., Malwarebytes, Zscaler, Inc., SentinelOne, McAfee LLC, Malvern Panalytical Ltd, DXC Technology Company, BullGuard., Panda Security, Avira Operations GmbH & Co. KG., ZoneAlarm, Cylance Inc., Heimdal Security among others.
With the introduction of ransom ware protection, there is a growing demand of the data backup and recovery from the end of the users. To have the solution for multi layered security approach, cybercrime specialists are undergoing various innovations that can enhance the protection of personal and confidential data of their users and to spread awareness regarding the threats intelligence to organizations and customers.
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Global Ransom Ware Protection Market – Industry Trends and Forecast to 2028