The ransomware protection market size is expected to grow from USD 8.16 Billion in 2016 to USD 17.36 Billion by 2021, at a Compound Annual Growth Rate (CAGR) of 16.3% during the forecast period. The major growth drivers of the market include rise in phishing attacks and security breaches and emergence of Ransomware-as-a-Service (RaaS) model, through which cyber-criminals are reaping billions of dollars from the victims.
Ransomware protection solutions have been deployed across various industry verticals, including government and defense, BFSI, healthcare, education, and others. The healthcare vertical is expected to witness the highest CAGR during the forecast period, as the cyber-criminals are targeting valuable electronic patient health information, which has huge demand in the black market. However, BFSI vertical is estimated to have the largest market size in 2016, which is fueled by the advent of crypto-currencies such as Bitcoins.
The North American region is expected to become the largest revenue generating region for cybersecurity vendors in 2016, followed by Europe. This is mainly because the businesses in the U.S. are highly targeted by hackers via ransomware attacks to extort large ransom. The APAC region is expected to be the fastest growing region in the ransomware protection market, as ransomware perpetrators are targeting SMEs in this region via large number of phishing attacks.
Lack of awareness among security professionals about new and emerging ransomware families is the biggest challenge, which the enterprise are facing in the ransomware protection market.
- Fireeye, Inc.
- Intel Security (Mcafee)
- Kaspersky Lab
- Sophos Group Plc
- Symantec Corporation
- Trend Micro, Inc.
- Zscaler, Inc.
Key Topics Covered:
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Industry Trends
7 Ransomware Protection Market Analysis, by Solution
8 Ransomware Protection Market Analysis, by Service
9 Ransomware Protection Market Analysis, by Application
10 Ransomware Protection Market Analysis, by Deployment Mode
11 Ransomware Protection Market Analysis, by Organization Size
12 Ransomware Protection Market Analysis, by Vertical
13 Geographic Analysis
14 Competitive Landscape
15 Company Profiles
For more information about this report visit http://www.researchandmarkets.com/research/d8c9hb/ransomware
Research and Markets
Laura Wood, Senior Manager
For E.S.T Office Hours Call +1-917-300-0470
For U.S./CAN Toll Free Call +1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
U.S. Fax: 646-607-1907
Fax (outside U.S.): +353-1-481-1716
To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/research-and-markets---ransomware-protection-market-to-reach-17-billion-by-2021---key-vendors-are-bitdefender-fireeye--intel-security-300388677.html
SOURCE Research and Markets