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

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.