Market Size in 2022 | Market Forecast in 2030 | CAGR (in %) | Base Year |
---|---|---|---|
USD 20.3 Billion | USD 73.9 Billion | 17.5% | 2022 |
FrequentlyAsked Questions
Ransomware is the biggest and most hazardous cyber threat, which gets installed on the duped person’s computer either by enciphering the files or by locking the complete system unless a ransom is offered or paid.
The large increase in ransomware attacks is being examined to increase the pace at which ransomware protection solutions are used, consequently accelerating the growth of the market for ransomware protection.
According to the report, the global market size was worth around USD 20.3 billion in 2022 and is predicted to grow to around USD 73.9 billion by 2030.
The global ransomware protection market is expected to grow at a CAGR of 17.5% during the forecast period.
The global ransomware protection market growth is expected to be driven by North America. It is currently the world’s highest revenue-generating market due to the use of ransomware protection in healthcare and other industries to secure sensitive data from attacks and improve operations with customer experience.
The global ransomware protection market is dominated by players like Broadcom, Inc., Intel Corporation, Bitdefender SRL, SentinelOne, Inc., FireEye, Inc., Kaspersky Lab, Sophos Group PLC (Thoma Bravo), Trend Micro, Inc., Zscaler, Inc., Malwarebytes, Inc., McAfee, LLC, Symantec Corporation, Trend Micro Incorporated, IBM Corporation, Thales, Morphisec Ltd., Crowdstrike, Datto, Inc., Veritas, Acronis International GmbH, and CyberArk Software Ltd. among others.
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