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(USGovernment-News.Com, September 14, 2018 ) The Global Ransomware Protection Market was valued at USD 8.35 billion in 2016 and is projected to reach USD 33.21 billion by 2025, growing at a CAGR of 16.58% from 2017 to 2025.
Ransomware is a software from crypto virology that intimidates the victim by threatening to distribute the victim’s information or be denied access from the information unless the ransom is paid. Ransomware protection is a system that can be implemented to ensure that the client will not fall victim to such attacks as well as including other advantages such as application control, removable media protection as well as vulnerability management.
With the rising amount of specifically targeted security breaches as well as phishing attacks, there is an increasing necessity for the adoption of threat intelligence among enterprises. This adoption of threat intelligence has led to the implementation of multi-layered security systems in order to ensure the safety of the data. This increase in the demand for the ability to backup data as well as have recovery solutions has resulted in the evolution of ransomware. These factors drive the growth for the ransomware protection market. Factors that restrain the ransomware protection market are the lack of knowledge in technology for the ransomware market.
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