Ransomware Protection Market Size, Share, Growth Analysis, By Solution (Standalone Anti-Ransomware Software, End-Point Security), By Service (Managed, Consulting), By Deployment (On-Premises, On-Cloud), By Industry Verticals (BFSI, IT & Telecom), By Region - Industry Forecast 2024-2031


Report ID: SQMIG45E2211 | Region: Global | Published Date: December, 2024
Pages: 165 |Tables: 144 |Figures: 78

Ransomware Protection Market Insights

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.

Market snapshot - 2025-2032

Global Market Size

USD 17.28 billion

Largest Segment

On-premise

Fastest Growth

On-premise

Growth Rate

17.5% CAGR

Global Ransomware Protection Market ($ Bn)
Country Share for North America Region (%)

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Ransomware Protection Market Segmental Analysis

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.

Global Ransomware Protection Market By Deployment Mode

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Ransomware Protection Market Regional Insights

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.

Global Ransomware Protection Market By Region
  • Largest
  • Fastest

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Ransomware Protection Market Dynamics

Ransomware Protection Market Driver

Web Filtering and Threat Intelligence Solutions are Becoming More Popular

  • The majority of ransomware is dispersed via unauthorized links or email attachments. Traditional security solutions, such as firewalls and antivirus software, are easily circumvented by attacks. As a result, businesses are increasingly looking for non-traditional solutions to avoid future attacks. As these organizations move all or part of their operations to the cloud the key players can shift their approach towards agile functions. Start-ups frequently present innovative and out-of-the-box solutions because they are not bound by legacy software and can seamlessly transition to emerging technologies such as cloud computing. Thus, these factors are expected to drive the market. 
  • Organizations are Riding a Wave of Digital Transformation to Support the Shift to Remote Working
    To support the shift to remote working, organizations are riding a wave of digital transformation. There have been many cases from the corporate sectors in past and present facing security concerns. For years, digital transformation has assisted organizations in becoming more agile, cost-effective, and productive. The COVID-19 pandemic has resulted in the widespread adoption of virtual office mechanisms, which is beneficial in containing virus spread but raises the likelihood of cyberattacks, resulting in the rapid implementation of protection solutions by various firms and organizations. 
  • The COVID-19 pandemic has resulted in the widespread adoption of virtual office mechanisms, which is beneficial in containing virus spread but raises the likelihood of cyberattacks, resulting in the rapid implementation of protection solutions by various firms and organizations. 
  • The increased vulnerability of connected devices to cyberattacks and malware attacks raises the demand for centralized and comprehensive protection solutions across organizations to run their businesses safely and securely while also enhancing digitalization, thereby bolstering the ransomware protection industry's growth.

Ransomware Protection Market  Restraint

The prevalence of unsecured connected devices is a significant challenge.

  • Enterprises all over the world are warming up to the concept of BYOD, or bringing your own device, to keep up with the 'cloud first, mobile first'. When it comes to ransomware attacks, these devices are usually exposed. While thermostats and connected cameras are unlikely to be directly affected by ransomware, they can easily serve as an entry point for ransomware that can be transmitted to the cloud. Employees prefer BYOD policies for their ease and flexibility, but they can pose significant security risks to organizations. BYOD can have a direct impact on cloud computing security if Mobile Phone Management or VPNs are not strictly implemented.

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Ransomware Protection Market Competitive Landscape

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

  • Palo Alto Networks (USA)
  • Fortinet (USA) 
  • CrowdStrike (USA) 
  • Check Point Software Technologies (Israel) 
  • NortonLifeLock (USA) 
  • Trend Micro (Japan) 
  • Sophos Group (UK) 
  • McAfee Corp. (USA) 
  • Tenable Holdings (USA) 
  • Varonis Systems (USA) 
  • A10 Networks (USA) 
  • F5 Networks (USA) 
  • Zscaler (USA) 
  • Akamai Technologies (USA) 
  • Splunk Inc. (USA) 
  • SolarWinds (USA) 
  • Cisco Systems (USA) 
  • IBM Corporation (USA) 
  • Microsoft Corporation (USA) 
  • Symantec Corporation (USA)

Ransomware Protection Market Recent Development

  • In August 2022, AVAST Software, the all-in-one digital protection service from Avast, a global pioneer in digital security and privacy, added its Online Safety Score function to Avast One for Mac and iOS. Online Safety Score, which was previously available on Windows and Android, helps people take control of their online safety by providing a simple, easy-to-read score as well as regular feedback and suggestions on how to improve it further. The Mac platform now has access to Avast Free Antivirus' Network Inspector, formerly known as Wi-Fi Inspector, which allows networks and devices to be scanned for vulnerabilities. The update comes after AV-Test named Avast One a "Top Product" in the industry, with full marks for malware protection, performance, and usability.
  • In July 2022, McAfee Corp., a global pioneer in online security, announced an expanded relationship with Visa, a global leader in digital payments, through which Visa partners in the United Kingdom will be able to deliver award-winning online security solutions to Visa Business cards.
  • In January 2022, AVG Antivirus FREE has been named an Outstanding Product by VG, a consumer cybersecurity company. The assessment of the quality from AV-Comparatives, an unbiased testing organization that performs systematic security software testing. At the end of each year, AV-Comparatives publishes a Summary Report honoring the items that scored the highest in their Consumer Main Series Tests throughout the year.

Ransomware Protection Key Market Trends

  • Increase in digitization: The Ransomware protection market trends includes the industries that are rapidly digitalizing their operation, there is an increased demand for robust endpoint security solutions that provide agile efficiency and real-time reporting features. Furthermore, the pandemic has created significant challenges for businesses that are attempting to execute key processes, report accurately with data spread across various locations, continue operating complex systems, and communicate effectively with teammates. 
  • Increase in investments for enhanced security features: An increasing number of businesses are investing in ransomware protection. Ransomware protection solutions provide limitless scalability and continuous functional enhancement, which are critical to achieve digital transformation, thus further boosting the market growth post pandemic.

Ransomware Protection Market SkyQuest Analysis

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
  • Solution
    • Standalone Anti-Ransomware Software, End-Point Security, Network Security, Database Protection, Email Protection, Secure Web Gateways
  • Service
    • Managed, Consulting, Support & Management
  • Deployment
    • On-Premises, On-Cloud
  • Industry Verticals
    • BFSI, IT & Telecom, Healthcare, Education, Manufacturing, Retail
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
  • Palo Alto Networks (USA)
  • Fortinet (USA) 
  • CrowdStrike (USA) 
  • Check Point Software Technologies (Israel) 
  • NortonLifeLock (USA) 
  • Trend Micro (Japan) 
  • Sophos Group (UK) 
  • McAfee Corp. (USA) 
  • Tenable Holdings (USA) 
  • Varonis Systems (USA) 
  • A10 Networks (USA) 
  • F5 Networks (USA) 
  • Zscaler (USA) 
  • Akamai Technologies (USA) 
  • Splunk Inc. (USA) 
  • SolarWinds (USA) 
  • Cisco Systems (USA) 
  • IBM Corporation (USA) 
  • Microsoft Corporation (USA) 
  • Symantec Corporation (USA)
Customization scope

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Table Of Content

Executive Summary

Market overview

  • Exhibit: Executive Summary – Chart on Market Overview
  • Exhibit: Executive Summary – Data Table on Market Overview
  • Exhibit: Executive Summary – Chart on Ransomware Protection Market Characteristics
  • Exhibit: Executive Summary – Chart on Market by Geography
  • Exhibit: Executive Summary – Chart on Market Segmentation
  • Exhibit: Executive Summary – Chart on Incremental Growth
  • Exhibit: Executive Summary – Data Table on Incremental Growth
  • Exhibit: Executive Summary – Chart on Vendor Market Positioning

Parent Market Analysis

Market overview

Market size

  • Market Dynamics
    • Exhibit: Impact analysis of DROC, 2021
      • Drivers
      • Opportunities
      • Restraints
      • Challenges
  • SWOT Analysis

KEY MARKET INSIGHTS

  • Technology Analysis
    • (Exhibit: Data Table: Name of technology and details)
  • Pricing Analysis
    • (Exhibit: Data Table: Name of technology and pricing details)
  • Supply Chain Analysis
    • (Exhibit: Detailed Supply Chain Presentation)
  • Value Chain Analysis
    • (Exhibit: Detailed Value Chain Presentation)
  • Ecosystem Of the Market
    • Exhibit: Parent Market Ecosystem Market Analysis
    • Exhibit: Market Characteristics of Parent Market
  • IP Analysis
    • (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
  • Trade Analysis
    • (Exhibit: Data Table: Import and Export data details)
  • Startup Analysis
    • (Exhibit: Data Table: Emerging startups details)
  • Raw Material Analysis
    • (Exhibit: Data Table: Mapping of key raw materials)
  • Innovation Matrix
    • (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
  • Pipeline product Analysis
    • (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
  • Macroeconomic Indicators

COVID IMPACT

  • Introduction
  • Impact On Economy—scenario Assessment
    • Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
  • Revised Market Size
    • Exhibit: Data Table on Ransomware Protection Market size and forecast 2021-2027 ($ million)
  • Impact Of COVID On Key Segments
    • Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
  • COVID Strategies By Company
    • Exhibit: Analysis on key strategies adopted by companies

MARKET DYNAMICS & OUTLOOK

  • Market Dynamics
    • Exhibit: Impact analysis of DROC, 2021
      • Drivers
      • Opportunities
      • Restraints
      • Challenges
  • Regulatory Landscape
    • Exhibit: Data Table on regulation from different region
  • SWOT Analysis
  • Porters Analysis
    • Competitive rivalry
      • Exhibit: Competitive rivalry Impact of key factors, 2021
    • Threat of substitute products
      • Exhibit: Threat of Substitute Products Impact of key factors, 2021
    • Bargaining power of buyers
      • Exhibit: buyers bargaining power Impact of key factors, 2021
    • Threat of new entrants
      • Exhibit: Threat of new entrants Impact of key factors, 2021
    • Bargaining power of suppliers
      • Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
  • Skyquest special insights on future disruptions
    • Political Impact
    • Economic impact
    • Social Impact
    • Technical Impact
    • Environmental Impact
    • Legal Impact

Market Size by Region

  • Chart on Market share by geography 2021-2027 (%)
  • Data Table on Market share by geography 2021-2027(%)
  • North America
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • USA
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Canada
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Europe
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • Germany
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Spain
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • France
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • UK
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of Europe
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Asia Pacific
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • China
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • India
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Japan
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • South Korea
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of Asia Pacific
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Latin America
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • Brazil
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of South America
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Middle East & Africa (MEA)
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • GCC Countries
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • South Africa
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of MEA
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)

KEY COMPANY PROFILES

  • Competitive Landscape
    • Total number of companies covered
      • Exhibit: companies covered in the report, 2021
    • Top companies market positioning
      • Exhibit: company positioning matrix, 2021
    • Top companies market Share
      • Exhibit: Pie chart analysis on company market share, 2021(%)

Methodology

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.

Analyst Support

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.

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FAQs

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 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.  'Palo Alto Networks (USA)', 'Fortinet (USA) ', 'CrowdStrike (USA) ', 'Check Point Software Technologies (Israel) ', 'NortonLifeLock (USA) ', 'Trend Micro (Japan) ', 'Sophos Group (UK) ', 'McAfee Corp. (USA) ', 'Tenable Holdings (USA) ', 'Varonis Systems (USA) ', 'A10 Networks (USA) ', 'F5 Networks (USA) ', 'Zscaler (USA) ', 'Akamai Technologies (USA) ', 'Splunk Inc. (USA) ', 'SolarWinds (USA) ', 'Cisco Systems (USA) ', 'IBM Corporation (USA) ', 'Microsoft Corporation (USA) ', 'Symantec Corporation (USA)'

The majority of ransomware is dispersed via unauthorized links or email attachments. Traditional security solutions, such as firewalls and antivirus software, are easily circumvented by attacks. As a result, businesses are increasingly looking for non-traditional solutions to avoid future attacks. As these organizations move all or part of their operations to the cloud the key players can shift their approach towards agile functions. Start-ups frequently present innovative and out-of-the-box solutions because they are not bound by legacy software and can seamlessly transition to emerging technologies such as cloud computing. Thus, these factors are expected to drive the market. 

Increase in digitization: The Ransomware protection market trends includes the industries that are rapidly digitalizing their operation, there is an increased demand for robust endpoint security solutions that provide agile efficiency and real-time reporting features. Furthermore, the pandemic has created significant challenges for businesses that are attempting to execute key processes, report accurately with data spread across various locations, continue operating complex systems, and communicate effectively with teammates. 

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

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Ransomware Protection Market

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