The North America Ransomware Protection Market is expected to witness market growth of 16.0% CAGR during the forecast period (2022-2028).
The industry is expected to develop as a result of aspects such as the increased use of ransomware-as-a-service (RaaS), more company digitization, and the emergence of cryptocurrencies like Bitcoin. The dearth of knowledge about cyberattacks, the rising cost of innovation, and financial limitations all have an impact on the market's growth. Additionally, a growing market for multi-layer security among businesses and a rise in the usage of cloud-based services have an impact on the market's expansion.
Since most ransom demands now come in the form of cryptocurrencies due to their untraceable nature, like Bitcoin and Etherium, the demand for ransomware prevention solutions has skyrocketed. The market is also impacted by technical advancements, which have led to the introduction of ransomware security tools for mobile devices in addition to PCs.
The most frequent cyber danger facing Canadians is ransomware, and its prevalence is growing. Cybercriminals employ malicious software to encrypt, steal, or delete the data during a ransomware attack, after which they demand a fee to unlock the data. Ransomware can also have serious consequences, including disruptions to essential operations, permanent data loss, theft of intellectual property, invasions of privacy, harm to one's reputation, and high recovery expenses. The significant majority of ransomware instances in Canada could be avoided with simple cyber security procedures.
The US market dominated the North America Ransomware Protection Market by Country in 2021, and is expected to continue to be a dominant market till 2028; thereby, achieving a market value of $12,338.9 million by 2028.The Canada market is poised to grow at a CAGR of 18.7% during (2022 - 2028). Additionally, The Mexico market is expected to witness a CAGR of 17.6% during (2022 - 2028).
Based on Vertical, the market is segmented into IT & Telecom, BFSI, Government & Defense, Retail, Education, Healthcare & Life Sciences and Others. Based on Component, the market is segmented into Solution and Services. Based on Deployment Type, the market is segmented into On-premise and Cloud. Based on Organization Size, the market is segmented into Large Enterprises and Small & Medium Enterprises. Based on Application, the market is segmented into Endpoint Protection, Network Protection, Database Protection, Web Protection, and Email Protection. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Intel Corporation, Broadcom, Inc., Bitdefender SRL, FireEye, Inc., SentinelOne, Inc., Kaspersky Lab, Trend Micro, Inc., Sophos Group PLC (Thoma Bravo), Zscaler, Inc., and Malwarebytes, Inc.
The industry is expected to develop as a result of aspects such as the increased use of ransomware-as-a-service (RaaS), more company digitization, and the emergence of cryptocurrencies like Bitcoin. The dearth of knowledge about cyberattacks, the rising cost of innovation, and financial limitations all have an impact on the market's growth. Additionally, a growing market for multi-layer security among businesses and a rise in the usage of cloud-based services have an impact on the market's expansion.
Since most ransom demands now come in the form of cryptocurrencies due to their untraceable nature, like Bitcoin and Etherium, the demand for ransomware prevention solutions has skyrocketed. The market is also impacted by technical advancements, which have led to the introduction of ransomware security tools for mobile devices in addition to PCs.
The most frequent cyber danger facing Canadians is ransomware, and its prevalence is growing. Cybercriminals employ malicious software to encrypt, steal, or delete the data during a ransomware attack, after which they demand a fee to unlock the data. Ransomware can also have serious consequences, including disruptions to essential operations, permanent data loss, theft of intellectual property, invasions of privacy, harm to one's reputation, and high recovery expenses. The significant majority of ransomware instances in Canada could be avoided with simple cyber security procedures.
The US market dominated the North America Ransomware Protection Market by Country in 2021, and is expected to continue to be a dominant market till 2028; thereby, achieving a market value of $12,338.9 million by 2028.The Canada market is poised to grow at a CAGR of 18.7% during (2022 - 2028). Additionally, The Mexico market is expected to witness a CAGR of 17.6% during (2022 - 2028).
Based on Vertical, the market is segmented into IT & Telecom, BFSI, Government & Defense, Retail, Education, Healthcare & Life Sciences and Others. Based on Component, the market is segmented into Solution and Services. Based on Deployment Type, the market is segmented into On-premise and Cloud. Based on Organization Size, the market is segmented into Large Enterprises and Small & Medium Enterprises. Based on Application, the market is segmented into Endpoint Protection, Network Protection, Database Protection, Web Protection, and Email Protection. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Intel Corporation, Broadcom, Inc., Bitdefender SRL, FireEye, Inc., SentinelOne, Inc., Kaspersky Lab, Trend Micro, Inc., Sophos Group PLC (Thoma Bravo), Zscaler, Inc., and Malwarebytes, Inc.
Scope of the Study
Market Segments Covered in the Report:
By Vertical
- IT & Telecom
- BFSI
- Government & Defence
- Retail
- Education
- Healthcare & Life Sciences
- Others
By Component
- Solution
- Services
By Deployment Type
- On-premise
- Cloud
By Organization Size
- Large Enterprises
- Small & Medium Enterprises
By Application
- Endpoint Protection
- Network Protection
- Database Protection
- Web Protection
- Email Protection
By Country
- US
- Canada
- Mexico
- Rest of North America
Key Market Players
List of Companies Profiled in the Report:
- Intel Corporation
- Broadcom, Inc.
- Bitdefender SRL
- FireEye, Inc.
- SentinelOne, Inc.
- Kaspersky Lab
- Trend Micro, Inc.
- Sophos Group PLC (Thoma Bravo)
- Zscaler, Inc.
- Malwarebytes, Inc.
Unique Offerings from the Publisher
- Exhaustive coverage
- The highest number of Market tables and figures
- Subscription-based model available
- Guaranteed best price
- Assured post sales research support with 10% customization free
Table of Contents
Chapter 1. Market Scope & Methodology
Chapter 2. Market Overview
Chapter 3. Competition Analysis - Global
Chapter 4. North America Ransomware Protection Market by Vertical
Chapter 5. North America Ransomware Protection Market by Component
Chapter 6. North America Ransomware Protection Market by Deployment Type
Chapter 7. North America Ransomware Protection Market by Organization Size
Chapter 8. North America Ransomware Protection Market by Application
Chapter 9. North America Ransomware Protection Market by Country
Chapter 10. Company Profiles
Companies Mentioned
- Intel Corporation
- Broadcom, Inc.
- Bitdefender SRL
- FireEye, Inc.
- SentinelOne, Inc.
- Kaspersky Lab
- Trend Micro, Inc.
- Sophos Group PLC (Thoma Bravo)
- Zscaler, Inc.
- Malwarebytes, Inc.
Methodology
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