The global ransomware protection market is rapidly developing, according to a MarketsandMarkets forecast through 2021.
Here are five things to know from the report:
1. The market is projected to grow from $8.16 billion in 2016 to $17.36 billion in 2021, increasing at a compound annual growth rate of 16.3 percent.
2. The fastest-growing solution in the market is threat intelligence.
3. A noteworthy segment is email protection; in recent years, email has been the top source of ransomware distribution.
4. At present, the healthcare sector is the number one target for ransomware attacks; it is also expected to be the sector that grows at the highest CAGR for ransomware protection through 2021.
5. North America is projected to dominate the market, in part due to the high number of cybersecurity vendors in the region such as Intel Security, Symantec Corp., Malwarebytes and SentinelOne.