The Ransomware Protection Global Market Report 2023, provides comprehensive information on the ransomware protection market across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten year historic period – 2010-2021, and a ten year forecast period – 2023-2032.
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In the ever-evolving landscape of cybersecurity, the global ransomware protection market is poised for remarkable growth, projected to ascend from $17.88 billion in 2022 to a commanding $21.19 billion in 2023, boasting a robust compound annual growth rate (CAGR) of 18.5%. However, the geopolitical undercurrents of the Russia-Ukraine conflict have cast a shadow over the trajectory of global economic recovery post-COVID-19. The resultant economic sanctions, escalating commodity prices, and supply chain disruptions have triggered inflationary pressures across diverse sectors, prompting a ripple effect on markets worldwide. Against this backdrop, the ransomware protection market is forecasted to scale new heights, reaching a formidable $39.64 billion by 2027, underpinned by a compelling CAGR of 16.9%. This underscores the critical imperative for businesses and organizations to fortify their cybersecurity arsenals in the face of evolving threats and geopolitical uncertainties.
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The ongoing surge in technological advancements stands out as a prominent trend within the ransomware protection market. Noteworthy enterprises in this domain are strategically harnessing innovation to fortify their market presence. A compelling example unfolded in April 2023 when Thales Group, a leading French information technology company, unveiled the CipherTrust Transparent Encryption Ransomware Protection (CTE-RWP) platform. This cutting-edge technology is designed to bolster defenses against ransomware attacks by meticulously monitoring the file system. It excels in identifying, flagging, or halting any unauthorized encryption or data exfiltration. CTE-RWP goes beyond by facilitating the establishment of trusted lists for critical applications and assigning guard points to swiftly detect or prevent processes attempting to compromise data integrity. Its advanced features include real-time behavioral analysis of user system programs and procedures, ensuring customers a secure and seamless interaction with their files and folders.
The ransomware protection market is segmented:
1) Ransomware Protection Market By Component: Solution, Services
2) Ransomware Protection Market By Deployment: Cloud, On-premise
3) Ransomware Protection Market By Organization Size: Small And Medium Enterprises (SMEs), Large Enterprises
4) Ransomware Protection Market By Application: Endpoint Protection, Network Protection, Database Protection, Web Protection, Email Protection
5) Ransomware Protection Market By Industry Vertical: Banking, Financial Services, And Insurance (BFSI), Information Technology (IT) And Telecom, Government And Defense, Retail, Education, Healthcare And Lifesciences, Other Industry Verticals
Top Major Players
International Business Machines (IBM) Corporation
North America was the largest region in the ransomware protection market in 2022.
The table of contents in TBRC’s ransomware protection market report includes:
1. Executive Summary
2. Ransomware Protection Market Characteristics
3. Ransomware Protection Market Trends And Strategies
4. Ransomware Protection Market – Macro Economic Scenario
5. Global Ransomware Protection Market Size and Growth
…..
32. Global Ransomware Protection Market Competitive Benchmarking
33. Global Ransomware Protection Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Ransomware Protection Market
35. Ransomware Protection Market Future Outlook and Potential Analysis
36. Appendix
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The Business Research Company is a market intelligence firm that pioneers in market, company, and consumer research. TBRC’s specialist consultants are located globally and are experts in a wide range of industries that include healthcare, manufacturing, financial services, chemicals, and technology. The firm has offices located in the UK, the US, and India, along with a network of proficient researchers in 28 countries. Through the report businesses can gain a thorough understanding of the market’s size, growth rate, major drivers and leading players.
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