The global ransomware protection market is anticipated to grow at a CAGR of 17.5% during the forecast period (2024-2031). There are various applications available to help organizations protect against ransomware attacks. These applications focus on different aspects of cybersecurity, such as data backup and restoration, email security, user training and awareness, encryption solutions, security information and event management (SIEM), application whitelisting and blacklisting, incident response and forensics, and security awareness training platforms. Each of these applications plays an essential role in mitigating the risks associated with ransomware and enhancing overall cybersecurity measures. The market’s growth is attributed to the growing demand for rising ransomware concerns across the globe. The increasing frequency and sophistication of attacks involving ransomware throughout the globe has driven increased demand for ransomware security solutions. High-profile attacks on organizations have highlighted the necessity for effective defenses. For instance, in April 2023, Thales, launched its Cipher Trust Transparent Encryption Ransomware Protection (CTE-RWP), an optional licensed feature for the cipher trust data security platform. CTE-RWP protects customer files and folders from ransomware threats by utilizing access management and encryption methods.
Browse the full report description of “Ransomware Protection Market Size, Share & Trends Analysis Report by Deployment Mode (On-Premise and Cloud), by Organization Size (Large Enterprises and Small & Medium-sized Enterprises), by Component (Solution and Services), and by Industry Vertical (Government and Defense, IT and Telecom, BFSI, Retail, Healthcare, Education, and Others) Forecast Period (2024-2031)” at https://www.omrglobal.com/industry-reports/ransomware-protection-market
Furthermore, the adoption of advanced technologies, including block-level SAN Arrays, is a direct response to the increasing demand for robust measures against ransomware attacks. Continuous innovation plays a crucial role in driving advancements in the cybersecurity industry. In May 2023, NetApp Launched its first block-only SAN Array, which enhances Ransomware Protection. To simplify storage array offerings and compensate victims for data loss.
Market Coverage
• The market number available for – 2023-2031
• Base year- 2023
• Forecast period- 2023-2031
• Segment Covered-
o By Deployment Mode
o By Organization size
o By Component
o By Application
o By Industry Vertical
• Regions Covered-
o North America
o Europe
o Asia-Pacific
o Rest of the World
• Competitive Landscape- includes Broadcom, Inc., Cisco Systems, Inc., FireEye, Inc., Malwarebytes, McAfee, LLC, and others.
Key questions addressed by the report
Global Ransomware Protection Market Report Segment
By Deployment Mode
By Organization size
By Component
By Application
By Industry Vertical
Global Ransomware Protection Market Report Segment by Region
North America
• United States
• Canada
Europe
• UK
• Germany
• Italy
• Spain
• France
• Rest of Europe
Asia-Pacific
• China
• India
• Japan
• South Korea
• Rest of Asia-Pacific
Rest of the World
• Latin America
• Middle East & Africa
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