The ransomware protection market is segmented by offering, by deployment model, by enterprise size, application, by end-user industry and by geography. Ransomware is a biggest and 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.

Thus, to protect the systems and to overall enhance security, the organizations have made investments greater than before particularly in securing the network, data, and endpoints from various advanced cyber threats and crypto-malware including ransomware. Geographically, North America and Europe, being the early adopters of new technologies, hold a major share in the market on account of the highest penetration of digitization into business processes in these regions.