A market research firm called Persistence Market Research carried out a recent study in which it discovered that that market for companies offering anti-ransomware solutions has increased in the past couple of years and will see an upward curve in years to come.
As enterprises are showing interest in adopting various protection tools to keep their databases free from ransomware, companies offering anti-ransomware solutions are said to be making merry with this trend.
The study discovered that ransomware protection tools are increasingly becoming crucial components in cyber security systems of the businesses operating in this digital era. And effective ransomware protection involves a range of practices such as preventing exploit codes, protection from process hijacking, browser protection, advanced threat reporting and application behavioral protection.
As modern age security companies are offering proactive solutions to mitigate the risks of ransomware related cyber attacks, the demand for these solutions is enthusiastically picking up.
Furthermore, in upcoming years, enterprises will include ransomware protection solutions to their cyber security initiatives in order to strengthen their core operations to stand out among their competitors. In line with this objective, companies will also start the process of allocating a bigger share of their IT budgets to ransomware protection tools which will automatically surge the market for ransomware protection tools.
We have to notify over here that the global ransomware protection market is mainly classified on the basis of the type of ransomware, services, deployment, verticals, and regions.
Moreover, the global ransomware protection market is segmented into two types- the police ransomware also known as Browlock and the encrypting ransomware also known as cryptoware.
If we take the market of ransomware protection in terms of services, it is again segmented into professional, consulting, and support & management services.
When it comes to the deployment, the market is segmented as on cloud and on-premises
Persistence Market Research took a note of all these parameters and compiled a report which predicts that the market for ransomware protection solutions is surely going to increase in next few years.
So, are companies like Trend Micro, Bit Defender, Acronis solutions, Malware Bytes, and Panda Internet Security listening….?