USD 17.28 billion
Report ID:
SQMIG45E2211 |
Region:
Global |
Published Date: December, 2024
Pages:
165
|Tables:
144
|Figures:
78
Ransomware Protection Market size was valued at USD 20.3 Billion in 2023 and is poised to grow from USD 23.85 Billion in 2024 to USD 86.83 Billion by 2032, growing at a CAGR of 17.5% during the forecast period (2025-2032).
The global ransomware protection market is projected to expand at a positive CAGR between 2023 and 2030 owing to the increase in cybercrimes and potential risk of leakage of sensitive data through digital mediums. Ransomware is a serious and risky cyber threat that infects the target computer by encrypting files or locking the entire system unless a ransom is offered or paid. To secure the systems and increase overall security, organizations have increased security layers and features by investing in particular software to secure the network, statistics, and endpoints from various innovative cyber threats and crypto-malware. A threat intelligence solution is a widely used and preferred method of protecting against such cyber threats. As a result of its high demand, threat intelligence solutions are expected to grow rapidly in the near future.
The ransomware protection market share is primarily fuelled by an increasingly complicated network of systems that underpins the global digital economy. Because the market is heavily reliant on computing machines, the industry has developed various anti-ransomware verticals such as complicated systems, protected internet gateways, and numerous domains.
The market is expected to grow at a rapid pace due to an increase in the trend for ransomware protection as a service in recent years. The introduction of cryptocurrencies such as Bitcoin and Ethereum has increased the need for protection solutions because the majority of ransoms are demanded in cryptocurrency due to their untraceable nature.
Furthermore, technological advancements have had an impact on the industry, with the introduction of ransomware protection for mobile devices in addition to PCs. Because ransomware protection is critical for both affected and threatened users, the demand for anti-malware is high and expected to rise over the forecasted period.
US Ransomware Protection Market is poised to grow at a sustainable CAGR for the next forecast year.
Global Market Size
USD 17.28 billion
Largest Segment
On-premise
Fastest Growth
On-premise
Growth Rate
17.5% CAGR
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Global Ransomware Protection Market is segmented by solution, service, deployment, industry verticals and region. Based on solution, the market is segmented into standalone anti-ransomware software, end-point security, network security, database protection, email protection and secure web gateways. Based on service, the market is segmented into managed, consulting and support & management. Based on deployment, the market is segmented into on-premises and on-cloud. Based on industry verticals, the market is segmented into BFSI, IT & telecom, healthcare, education, manufacturing and retail. Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa.
Ransomware Protection Market Analysis by Deployment Mode
The on-premise segment held the largest market share in 2021 and is expected to maintain this position throughout the forecast period. This is due to the numerous benefits provided by on-premise deployment, such as a high level of data safety and security. Companies prefer on-premise deployment models because they provide higher data security and fewer data breach than cloud-based deployment models, which drives the demand for on-premise deployment models in both the public and private sectors. However, the cloud segment is expected to grow the most in the coming years. The increased adoption of cloud-based ransomware protection is expected to provide lucrative growth opportunities in the coming years due to lower costs and easier maintenance.
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During the forecast period, North America is expected to have the largest market share. The United States is a significant contributor to the region's market growth. North America is the largest regional market in the global ransomware protection market because the mainland is a virtual goldmine for hackers. The region is particularly vulnerable due to its well-developed internet infrastructure and faster adaptation of technologies such as cloud computing
From 2022 to 2028, the cloud deployment segment in the North American market is expected to grow at a CAGR of 13.8%. The cloud segment was valued at just under US$ 3.3 billion in 2021 and is expected to exceed US$ 8.4 billion by the end of 2028, representing a US$ 5.1 billion incremental opportunity.
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Ransomware Protection Market Driver
Web Filtering and Threat Intelligence Solutions are Becoming More Popular
Ransomware Protection Market Restraint
The prevalence of unsecured connected devices is a significant challenge.
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The Ransomware Protection market is fragmented, with many large and small players in the industry. Various businesses are focusing on organic growth strategies such as product launches, product approvals, and other things like patents and events. Acquisitions, partnerships, and collaborations were among the inorganic growth strategies observed in the market. These activities have paved the way for market participants to expand their business and customer base. With rising demand in the global market, market players in the ransomware protection market are expected to benefit from lucrative growth opportunities in the future. For instance, In July 2022, Intel and MediaTek formed a strategic partnership to manufacture circuits using Intel Foundry Services' (IFS) advanced manufacturing technology. By adding a new foundry partner with significant capacity in the United States and Europe, MediaTek hopes to develop a more balanced, robust supply chain.
Ransomware Protection Market Top Player's Company Profiles
Ransomware Protection Market Recent Development
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
According to the global ransomware protection analysis report, North America is regarded as a highly profitable region for the market, owing primarily to its widespread application in various industries and the country's rapid technological development.
Because smartphones and computers are widely used in business, there has been an increase in spending on Protection solutions and services for data loss prevention and other sensitive information. Ransomware Protection spending is expected to rise steadily over the forecast period.
Report Metric | Details |
---|---|
Market size value in 2023 | USD 20.3 Billion |
Market size value in 2032 | USD 86.83 Billion |
Growth Rate | 17.5% |
Base year | 2024 |
Forecast period | 2025-2032 |
Forecast Unit (Value) | USD Billion |
Segments covered |
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Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
Companies covered |
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Customization scope | Free report customization with purchase. Customization includes:-
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Executive Summary
Market overview
Parent Market Analysis
Market overview
Market size
KEY MARKET INSIGHTS
COVID IMPACT
MARKET DYNAMICS & OUTLOOK
Market Size by Region
KEY COMPANY PROFILES
For the Ransomware Protection Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Ransomware Protection Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Ransomware Protection Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Ransomware Protection Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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Report ID: SQMIG45E2211
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