RANSOMWARE PROTECTION MARKET ANALYSIS

Market Challenges And Opportunities

Growing digitization, cloud adoption and IoT will present significant growth opportunity for the ransomware protection market participants over the forecast period

Adoption of advanced solutions such as cloud operated robotic systems in manufacturing industries, autonomous and connected automotive infrastructure, smart cities and smart healthcare infrastructures are among the major developments that will depend on internet connectivity and data communication. Security threats from any form of malware can lead to substantial obstruction in the operation of these systems. Requirement to address these issues and thwart any threats from ransomware attacks will provide strong growth prospects to the ransomware protection market players.

These malwares are commonly delivered through unauthorized mail attachments or links which can bypass the conventional security firewalls and antivirus applications. Owing to these delivery modes of malwares, requirement of threat intelligence and web filtering solutions are expected to witness highest demands over the near future in the solution segments. Advanced internet infrastructure and high inclination of consumers towards faster adoption of technologies such as cloud computing in the U.S. has made the country increasingly vulnerable to such threats. Moreover, presence of significant number of fortune companies in the country makes it highly vulnerable to malicious attacks. This inadvertently creates a highly conducive environment for growth of the ransomware protection market globally during forecast period.