The ransomware protection market size has grown rapidly in recent years. It will grow from $24.54 billion in 2024 to $28.69 billion in 2025 at a compound annual growth rate (CAGR) of 16.9%. The growth in the historic period can be attributed to increased internet connectivity, growth in online transactions, rising use of digital devices, expanding cybersecurity threats, and the emergence of ransomware attacks
The ransomware protection market size is expected to see rapid growth in the next few years. It will grow to $54.82 billion in 2029 at a compound annual growth rate (CAGR) of 17.6%. The growth in the forecast period can be attributed to the rising sophistication of ransomware attacks, increased adoption of cloud services, growing awareness of cybersecurity threats, regulatory pressures on data protection, and expansion of remote work environments. Major trends in the forecast period include the integration of artificial intelligence in ransomware protection, blockchain-based security solutions, the development of automated incident response systems, rising demand for threat intelligence sharing platforms, and a focus on user education and awareness.
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How has the ransomware protection market evolved, and what factors have shaped its growth?
Rising phishing attacks are expected to propel the growth of the ransomware protection market going forward. Phishing is a social engineering attack frequently used to acquire user information, such as login credentials and credit card details. Ransomware protection helps prevent phishing attacks by detecting and blocking malicious emails, educating users to identify phishing attempts, and stopping ransomware infections before they can encrypt data and systems. For instance, in June 2022, according to the Anti-Phishing Working Group, a US-based consortium that aims to eliminate fraud and identity theft caused by phishing and related incidents, in the first quarter of 2022, the Anti-Phishing Working Group recorded a total of 1,025,968 phishing attacks, a 15% rise from 888,585 attacks in the fourth quarter of 2021. Therefore, rising phishing attacks are driving the growth of the ransomware protection market.
What are the major segments of the ransomware protection market?
The ransomware protection market covered in this report is segmented –
1) By Component: Solution, Services
2) By Deployment: Cloud, On-premise
3) By Organization Size: Small And Medium Enterprises (SMEs), Large Enterprises
4) By Application: Endpoint Protection, Network Protection, Database Protection, Web Protection, Email Protection
5) 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
Subsegments:
1) By Solution: Endpoint Protection, Network Security, Data Backup And Recovery Solutions, Threat Intelligence Platforms, Incident Response Solutions
2) By Services: Consulting Services, Managed Security Services, Training And Awareness Programs, Incident Response Services
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Which companies dominate the ransomware protection market?
Major companies operating in the ransomware protection market include Microsoft Corporation, Intel Corporation, International Business Machines (IBM) Corporation, Cisco System Inc., Broadcom Inc., Palo Alto Networks Inc., W314Fortinet Inc., Gen Digital Inc., Check Point Software Technologies, McAfee LLC, Trend Micro Inc., CrowdStrike Holdings Inc., Zscaler Inc., FireEye Inc., Avast Antivirus, Kaspersky Lab, Proofpoint Inc., CyberArk Software Ltd., ESET s.r.o., Ivanti, Barracuda Networks Inc., Bitdefender SRL, Acronis International GmbH, SonicWall, Webroot Inc., SentinelOne Inc., Malwarebytes Inc., F-Secure Corporation, Cybereason
How will evolving trends contribute to the growth of the ransomware protection market?
Technological advancements are a key trend gaining popularity in the ransomware protection market. Major companies operating in the ransomware protection market are developing innovative technologies to sustain their position in the market. For instance, in April 2023, Thales Group, a France-based information technology company, launched the CipherTrust Transparent Encryption Ransomware Protection (CTE-RWP) platform. This technology assists in the protection against ransomware attacks by tracking the file system and identifying, flagging, or stopping unlawful encryption and data exfiltration. CTE-RWP supports setting up trusted lists for critical applications and allocating guard points to spot or stop processes attempting to encrypt or steal data. It offers real-time behavioral analysis for user system programs and procedures so that customers can use and interact with their files and folders securely and conveniently.
What are the key regional dynamics of the ransomware protection market, and which region leads in market share?
North America was the largest region in the ransomware protection market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the ransomware protection market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
What Does The Ransomware Protection Market Report 2025 Offer?
The ransomware protection market research report from The Business Research Company offers global market size, growth rate, regional shares, competitor analysis, detailed segments, trends, and opportunities.
Ransomware protection refers to the numerous techniques and tools used to prevent, detect, and recover from malware attackers. Ransomware protection helps organizations reduce downtime and avoid possible data breaches caused by ransomware attacks.
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