We have all read about the massive, worldwide cyberattack where hackers asked for ransom or else they’d sell private data. This is often linked to credit card theft for individuals, or intellectual property losses for big companies. Supposedly some of the hackers stole Disney’s latest addition to the Pirates of the Caribbean franchise and said they will put it online before the official release date later this month. Disney refused to pay. (It will find its way online regardless.) Those attacks brought the word “ransomware” to the fore. It’s now part of the general zeitgeist of cybercrime.
The ransomware protection market is expected to grow from $8.16 Billion in 2016 to $17.36 Billion by 2021, at a compound annual growth rate of 16.3%, based on a study by B2B research firm MarketsandMarkets. Their industry report, released this week, defines, describes, and forecasts the global market on the basis of software solution providers, service companies, organization size and regional players, among other things. The report looks at sub segments of the ransomware/cybersecurity world with respect to individual growth trends, future prospects, and total market breadth.
Ransomware has become “a predominant cyber threat that installs on the victim’s computer either encrypting the files or locking the entire system until a ransom is paid,” report authors wrote.
Threat intelligence solutions as a product line are expected to grow the fastest in the ransomware world. Organizations are increasingly adopting threat intelligence solutions to combat ransomware and other advanced cyber threats. Security web gateways solutions are expected to have the largest market share in the ransomware protection market.
Some of the key companies invested in this space include:
- Intel Security (Intel Corporation 44,51 +1,35 +3,13%)
- Symantec Corporation (SMTC 23,71 +0,39 +1,67%)
- Trend Micro, Inc. (TMICY 49,84 -0,13 -0,25%)
- Fireeye, Inc. (FEYE 21,04 +0,39 +1,89%)
- Sophos Group PLC (SOPH 4,99 -0,02 -0,40%)
- Bitdefender
- Kaspersky Lab
- Malwarebytes
- Zscaler, Inc.
- Sentinelone
The email protection segment is also expected to gain high traction in the ransomware protection market.
“Cybercriminals target victims with emails having malicious attachments,” report authors wrote. “Email protection is of utmost importance due to the rise in instances of Business Email Compromise scams, globally.” The network protection segment is estimated to contribute the largest market size to the ransomware protection market, due to rise in the number of security breaches targeting enterprise networks.
We have all read about the massive, worldwide cyberattack where hackers asked for ransom or else they’d sell private data. This is often linked to credit card theft for individuals, or intellectual property losses for big companies. Supposedly some of the hackers stole Disney’s latest addition to the Pirates of the Caribbean franchise and said they will put it online before the official release date later this month. Disney refused to pay. (It will find its way online regardless.) Those attacks brought the word “ransomware” to the fore. It’s now part of the general zeitgeist of cybercrime.
The ransomware protection market is expected to grow from $8.16 Billion in 2016 to $17.36 Billion by 2021, at a compound annual growth rate of 16.3%, based on a study by B2B research firm MarketsandMarkets. Their industry report, released this week, defines, describes, and forecasts the global market on the basis of software solution providers, service companies, organization size and regional players, among other things. The report looks at sub segments of the ransomware/cybersecurity world with respect to individual growth trends, future prospects, and total market breadth.
Ransomware has become “a predominant cyber threat that installs on the victim’s computer either encrypting the files or locking the entire system until a ransom is paid,” report authors wrote.
Threat intelligence solutions as a product line are expected to grow the fastest in the ransomware world. Organizations are increasingly adopting threat intelligence solutions to combat ransomware and other advanced cyber threats. Security web gateways solutions are expected to have the largest market share in the ransomware protection market.
Some of the key companies invested in this space include: