Increasing internet penetration and growing use of cloud-based technology has increased the chances of malware that disrupts the proper working of the computers. As the use of these technologies is increasing day by day, the chances of getting attacked by these malicious virus is likely to increase. In the last few years, the attacks like these have grown drastically. People across the globe faced attacks such as WannaCry and others in 2017, wherein 150 countries were attacked and about 1million computers were hacked. In these kind of situations, solution such as ransomware protection measures is a key. It will act as a combating malicious cyberattacks such as ransomware and will protect user’s crucial data for being hacked. In addition, various organizations are investing in advanced solutions to fight cyberattacks and security breaches. Ransomware protection solutions are widely used in industries such as banking and finance, healthcare, IT, aerospace and defense, and others.
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Developed Regions to Fuel Demand in Global Ransomware Protection Market
The demand for ransomware protection solutions is comparatively high in developed regions than developing regions. Presence of key market players in the developed countries such as U.S., U.K., France, and other developed regions is major factor for the dominance of developed regions in this market. Moreover, early adoption of advanced technologies in developed regions and higher incidence hacking via ransomware attacks are few other factors benefitting the growth in this market. Moreover, various national and international laws and regulations including GDPR and similar other have come into existence that will protect consumers from these types of attacks.
On the other hand, increasing technological advancements and rising emphasis of data protection in developing regions, the demand for advanced ransomware protection solutions is likely to increase in the near future. Large enterprises in countries like Japan, China, Singapore, Australia, and India are investing huge sum of money on cyber protection and security.
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