Rising digitization pushing the market for ransomware protection

Technology - Mohit Shah - Sep 22,2017

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rising digitization pushing the market for ransomware protection

Growing deployment of cloud-based security solutions by both SMEs and large enterprises is motivating the global market for ransomware protection.

Ransomware attacks such as WannaCry and Peyta have caused huge chaos for numerous firms and enterprises which are encouraging their business through digitization. The effects are quite alarming and can even result in bringing the global commerce to a standstill position. Therefore, it is important for companies to shield themselves from the snooping eyes of hackers. Ransomware protection is considered as the biggest help for ensuring satisfactory security for both commercial and residential end-users.

Most ransomware is transported via unauthorized links or through email attachments. Such ransomware attacks are easily able to evade traditional security solutions such as antivirus software or firewalls. Hence, many enterprises are increasingly searching for non-traditional solutions with an aim to avoid ransomware attacks in the future. Currently, the deployment of ransomware protection is preferred across cloud-based and on-premise platforms. As per research statistics, the increasing deployment of cloud-based security solutions by both large enterprises and SMEs makes this segment the most attractive across the global ransomware market; it is anticipated to grow 3.7x between 2017 and 2025. 

Considering the geographical reach for ransomware protection, North America emerges as the most thriving market because it is considered as a virtual treasure house for hackers. The region’s well-developed internet infrastructure merged with faster adoption of technologies such as cloud computing makes it significantly vulnerable. In North America, the ransomware protection market focusing on the cloud deployment segment is likely to register a CAGR of 15.8% from 2017 to 2025. Such facts do justify the demand for ransomware shielding in the highlighted continent.

Presently, the overall market for ransomware protection is managed by the efforts of several prominent stakeholders. Cisco, McAfee, Microsoft, Symantec, and Bitdefender, are the known brands which are linked to a huge client base for offering ransomware security.

 

For more information on this report visit- http://www.mrrse.com/ransomware-protection-market