The major stakeholders in the sector include Broadcom, Intel, Bitdefender, SentinelOne, FireEye, Kaspersky Lab, Sophos etc.
London / Dublin, NFAPost: The “Ransomware Protection Market Report: Trends, Forecast and Competitive Analysis to 2030” report published by ResearchAndMarkets.com states that it is expected to reach an estimated $52.7 billion by 2030 with a CAGR of 16.5% from 2024 to 2030.
The future of the global Ransomware protection market looks promising with opportunities in the BFSI, IT & telecom, government & defense, retail, education, and healthcare & lifescience markets.
The major drivers for this market are the rise in the number of security lapses and phishing attempts, the rapid pace of digitalization across various nations in the world, and the increase in digitization of businesses.
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies Ransomware protection companies cater to increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base.
Ransomware Protection Market Insights
Services is expected to witness higher growth over the forecast period due to an increase in customer demands, cyber threats, project hazards, and company competitiveness, as well as, lot of businesses are using these services to cut down on the amount of time they spend running their operations.
North America will remain the largest region over the forecast period due to rising usage of ransomware prevention in the healthcare and other sectors to safeguard private information from intrusions and enhance customer service.
7. Company Profiles of Leading Players
7.1: Broadcom
7.2: Intel Corporation
7.3: Bitdefender SRL
7.4: SentinelOne
7.5: FireEye
7.6: Kaspersky Lab
7.7: Sophos Group
7.8: Trend Micro
7.9: Zscaler
7.10: Malwarebytes
The recent Microsoft outages across the globe really gave a warning to the business community to be aware of new dynamics of malware attacks where there is a software update also.
