The global ransomware protection market is expected to witness significant growth as there is an increase in the demand for ransomware protection across industries making it a necessity in recent years. There are different types of Ransomware prevalent in the market such as Crypto malware, Lockers, Scareware, Doxware, RaaS, Mac Ransomware, and Ransomware on mobile devices. Ransomware protection is very important in today’s digital age as the personal files, pictures, documents, and financial information of people are all easily accessible to hackers. Ransomware is a type of malware, which encrypts the files and folders present on one’s desktop or laptop to prevent access to important files by the victim. The global ransomware protection market is expected to grow at a compound annual growth rate of 14.50% over the forecast period to reach a market size of US$33.320 billion in 2026 from US$12.875 billion in 2019.
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