The Europe Ransomware Protection Market would witness market growth of 16.1% CAGR during the forecast period (2022-2028).
Attackers now have a chance to target any vulnerability since so many businesses are transitioning to cloud services. Until the ransom is paid or the data is irreversibly lost, the ransom results in distributed denial-of-service (DDoS) attacks. For example, In October 2018, a cyberattack involving Hong Kong's Cathay Pacific airlines resulted in illegal access to 9.4 million passengers' personal information.
The requirement for continual staff cybersecurity education is highlighted by the fact that social attacks are roughly three times more likely to result in a breach for a company than physical vulnerabilities. It has caused the organization to look into ransomware security solutions and has significantly boosted the demand for solutions in the sector under investigation. Businesses all around the world are becoming more open to the idea of BYOD, or bring your own device, in keeping with the "cloud first, mobile first" paradigm we are currently experiencing. Whenever it comes to ransomware assaults, these machines are frequently defenceless.
The administration of Russia may be preparing options to future hacks, according to Russian intelligence. In addition to distributing malicious malware, the Russian government has carried out distributed denial-of-service (DDoS) operations on Ukrainian government officials and infrastructure. Additionally, a few cybercriminal groups recently declared their support for the Russian government. These cyberterrorist groups with ties to Russia have vowed to conduct operations in retaliation for suspected cyberattacks against the Russian government and people. Cyberattacks have also been threatened by some groups against nations and organizations who support Ukraine's military.
The Germany market dominated the Europe Ransomware Protection Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $3,020.5 million by 2028. The UK market is anticipated to grow at a CAGR of 15.1% during (2022 - 2028). Additionally, The France market would exhibit a CAGR of 17% 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 Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
Free Valuable Insights: The Global Ransomware Protection Market will Hit $46.7 Billion by 2028, at a CAGR of 16.6%
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.
By Vertical
By Component
By Deployment Type
By Organization Size
By Application
By Country
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